v3.25.2
Intangible Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of finite-lived intangible assets and liabilities
The following table summarizes the Company’s intangible assets and liabilities:
As ofGross Asset
(Liability)
Accumulated AmortizationNet
Carrying
Amount
(in thousands)
June 30, 2025:
In-place lease intangibles
$55,482 $(42,359)$13,123 
Above-market leases
805 (554)251 
Other intangibles(1,138)438 (700)
Below-market leases
(33,595)14,529 (19,066)
December 31, 2024:
In-place lease intangibles
$51,630 $(38,994)$12,636 
Above-market leases
795 (490)305 
Other intangibles(1,262)523 (739)
Below-market leases
(29,069)12,898 (16,171)
Schedule of future amortization
Future amortization/accretion of these intangibles is below (in thousands):
Year Ending December 31,In-place lease
intangibles
Above-market
leases
Other intangiblesBelow-market
leases
2025-Remaining$3,232 $59 $(125)$(1,713)
20264,609 95 (233)(2,931)
20272,537 50 (141)(2,394)
20281,425 24 (74)(1,965)
2029809 18 (58)(1,693)
Thereafter
511 (69)(8,370)
Total
$13,123 $251 $(700)$(19,066)