v3.25.2
LEASE INTANGIBLES (Tables)
6 Months Ended
Jun. 30, 2025
LEASE INTANGIBLES  
Schedule of intangible assets and liabilities and accumulated amortization

Lease

Accumulated

Lease

As of June 30, 2025

    

Intangibles

    

Amortization

    

Intangibles, net

Lease Intangible Assets

(in thousands)

In-place leases

$

16,188

$

(14,521)

$

1,667

Above-market leases

1,416

(1,060)

356

$

17,604

$

(15,581)

$

2,023

Lease Intangible Liabilities

Below-market leases

$

(2,314)

$

2,064

$

(250)

Lease

Accumulated

Lease

As of December 31, 2024

    

Intangibles

    

Amortization

    

Intangibles, net

Lease Intangible Assets

(in thousands)

In-place leases

$

16,188

$

(14,047)

$

2,141

Above-market leases

1,415

(1,015)

400

$

17,603

$

(15,062)

$

2,541

Lease Intangible Liabilities

Below-market leases

$

(2,315)

$

1,991

$

(324)

Schedule of estimated aggregate amortization expense

Intangible

Intangible

Years ending December 31,

    

Assets

    

Liabilities

(in thousands)

2025 (July - December)

$

320

$

74

2026

490

77

2027

381

38

2028

311

19

2029

207

17

Thereafter

314

25

$

2,023

$

250