| Schedule of Intangible Assets and Liabilities, and Leasing Fees, and Related Accumulated Amortization |
The following is a summary of intangible assets and liabilities, and leasing fees, and related accumulated amortization: | | | | | | | | | | | | | (in thousands) | June 30,
2025 | | December 31,
2024 | | Lease intangibles: | | | | | Acquired above-market leases | $ | 39,225 | | | $ | 39,786 | | | Less accumulated amortization | (19,437) | | | (18,599) | | | Acquired above-market leases, net | 19,788 | | | 21,187 | | | Acquired in-place leases | 403,584 | | | 406,146 | | | Less accumulated amortization | (166,697) | | | (159,695) | | | Acquired in-place leases, net | 236,887 | | | 246,451 | | | Total intangible lease assets, net | $ | 256,675 | | | $ | 267,638 | | | Acquired below-market leases | $ | 92,546 | | | $ | 94,513 | | | Less accumulated amortization | (47,749) | | | (45,782) | | | Intangible lease liabilities, net | $ | 44,797 | | | $ | 48,731 | | | Leasing fees | $ | 22,150 | | | $ | 21,781 | | | Less accumulated amortization | (7,132) | | | (6,495) | | | Leasing fees, net | $ | 15,018 | | | $ | 15,286 | |
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| Schedule of Amortization of Intangible Lease Assets and Liabilities, and Leasing Fees |
Amortization of intangible lease assets and liabilities, and leasing fees was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Financial Statement Presentation | | For the Three Months Ended
June 30, | | For the Six Months Ended
June 30, | | Intangible | | | 2025 | | 2024 | | 2025 | | 2024 | | Acquired in-place leases and leasing fees | | Depreciation and amortization | | $ | 10,820 | | | $ | 7,840 | | | $ | 18,764 | | | $ | 15,536 | | | Above-market and below-market leases | | Lease revenues, net | | 1,192 | | | 1,096 | | | 2,257 | | | 2,117 | |
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| Schedule of Estimated Future Amortization of Intangible Assets and Liabilities, and Leasing Fees |
Estimated future amortization of intangible assets and liabilities, and leasing fees at June 30, 2025 is as follows: | | | | | | | (in thousands) | | | Remainder of 2025 | $ | 13,287 | | | 2026 | 25,840 | | | 2027 | 24,037 | | | 2028 | 21,767 | | | 2029 | 20,167 | | | Thereafter | 121,798 | | | $ | 226,896 | |
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