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Identified Intangible Assets and Liabilities
 9 Months Ended
Sep. 30, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Identified Intangible Assets and Liabilities Identified Intangible Assets and Liabilities
The following summarizes our identified intangible assets (primarily in-place and above-market leases) and liabilities (primarily below-market leases).
(Amounts in thousands)Balance as of
September 30, 2025December 31, 2024
Identified intangible assets:
Gross amount$193,217 $193,217 
Accumulated amortization(80,758)(75,002)
Total, net$112,459 $118,215 
Identified intangible liabilities (included in other liabilities):
Gross amount$134,499 $134,499 
Accumulated amortization(112,700)(110,982)
Total, net$21,799 $23,517 
Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $100,000 and $932,000 for the three months ended September 30, 2025 and 2024, respectively, and $284,000 and $2,842,000 for the nine months ended September 30, 2025 and 2024, respectively.
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $1,451,000 and $1,678,000 for the three months ended September 30, 2025 and 2024, respectively, and $4,324,000 and $5,378,000 for the nine months ended September 30, 2025 and 2024, respectively.