ACQUISITIONS OF CONSOLIDATED PROPERTIES - Summary of Acquisition Date Fair Values (Details) - USD ($) $ in Thousands |
6 Months Ended | ||
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Jun. 30, 2024 |
Jun. 30, 2025 |
Dec. 31, 2024 |
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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 |
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- Definition The assumed assets in an asset acquisition. No definition available.
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- Definition The assumed interest rate derivative. No definition available.
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- Definition Represents the assumed liabilities in an asset acquisition. No definition available.
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- Definition Amount of acquirer's equity interest issued and issuable as part of consideration transferred in asset acquisition. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of net assets (liabilities). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of liabilities classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Details
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