IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES |
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| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES | IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES The Company’s identified intangible assets (acquired in-place and above-market leases) and liabilities (acquired below-market leases), net of accumulated amortization, were $101.5 million and $174.4 million, respectively, as of March 31, 2025 and $109.8 million and $177.5 million, respectively, as of December 31, 2024. Amortization of acquired below-market leases, net of acquired above-market leases, resulted in additional rental income of $2.6 million and $1.5 million for the three months ended March 31, 2025 and 2024, respectively. Amortization of acquired in-place leases inclusive of customer relationships resulted in additional depreciation and amortization expense of $8.0 million and $6.9 million for the three months ended March 31, 2025 and 2024, respectively. The following table sets forth the estimated annual amortization income and expense related to acquired intangible assets and liabilities for the remainder of 2025 and the five succeeding years:
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