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OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Liabilities and Related Accumulated Amortization and Accretion
A schedule of the Company’s intangible assets and liabilities and related accumulated amortization and accretion as of December 31, 2024 and 2023, is as follows:
As of December 31,
20242023
(in thousands)
Intangible assets:
Acquired in-place leases, net of accumulated amortization of $5,195 and $4,821, respectively, both with an average useful life of 6 years, respectively
$610 $984 
Acquired above-market leases, net of accumulated amortization of $36 and $30, respectively, both with an average useful life of 7 years
1 7 
Trade name and license2,957 2,957 
Total intangible assets, net$3,568 $3,948 
Schedule of Amortization of Acquired Leases
During the years ended December 31, 2024 and 2023, the Company recognized amortization related to its intangible assets and liabilities as follows:
Year Ended December 31,
20242023
(in thousands)
Acquired above-market lease amortization$6 $80 
Acquired in-place lease amortization$374 $27,714 
Acquired below-market lease amortization$— $243 
Schedule of Future Amortization and Accretion of Acquisition Related Intangible Assets and Liabilities
A schedule of future amortization and accretion of acquired intangible assets and liabilities as of December 31, 2024, is as follows:
Assets
AcquiredAcquired
Above-MarketIn-Place
Years Ending December 31,LeasesLeases
(in thousands)
2025$1 $170 
2026— 123 
2027— 123 
2028— 122 
2029— 72 
Thereafter— — 
$1 $610