v3.25.2
ACQUISITIONS OF CONSOLIDATED PROPERTIES - Summary of Acquisition Date Fair Values (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2025
Dec. 31, 2024
Acquisition date fair values      
Real estate investment acquired   $ 857,317 $ 857,999
Acquired lease intangible assets   2,023 2,541
Total Assets   $ 939,954 $ 937,772
Asset Acquisitions      
Acquisition date fair values      
Real estate investment acquired $ 111,290    
Assumed interest rate derivative 3,331    
Acquired lease intangible assets 2,261    
Assumed assets 451    
Total Assets 117,333    
Assumed loans (80,774)    
Other liabilities (653)    
Net assets acquired 35,906    
Equity/limited partnership unit consideration (7,396)    
Net cash consideration $ 28,510