v3.25.2
Deferred Costs, Acquired Lease Intangibles and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Deferred Costs, Net
Deferred costs, net, consisted of the following:
(amounts in thousands)June 30, 2025December 31, 2024
Deferred leasing costs$224,592 $230,836 
Acquired in-place lease value, acquired deferred leasing costs and deferred acquisition costs137,329 137,580 
Acquired above-market leases19,589 19,636 
Total deferred costs, excluding deferred financing costs381,510 388,052 
Less: accumulated amortization(208,099)(212,972)
Total deferred costs, net, excluding net deferred financing costs173,411 175,080 
Deferred financing costs, net, of accumulated amortization of $8,841 and $7,783, respectively (See Note 5)
8,283 8,907 
Total deferred costs, net$181,694 $183,987 
Deferred financing costs, net, consisted of the following:
(amounts in thousands)June 30, 2025December 31, 2024
Deferred financing costs, included as a component of net debt$16,121 $36,309 
Deferred financings costs, included as a component of net deferred costs (See Note 4)17,124 16,638 
Total deferred financing costs$33,245 $52,947 
Less: accumulated amortization(15,955)(33,970)
Total deferred financing costs, net$17,290 $18,977 
The total amortization expense related to deferred financing costs consisted of the following:
Three Months Ended June 30,Six Months Ended June 30,
(amounts in thousands)2025202420252024
Amortization of deferred financing costs$1,080 $1,050 $2,174 $2,069 
Schedule of Amortizing Acquired Intangible Assets and Liabilities
Acquired below-market ground leases, net, consisted of the following:
(amounts in thousands)June 30, 2025December 31, 2024
Acquired below-market ground leases$396,916 $396,916 
Less: accumulated amortization(87,421)(83,506)
Acquired below-market ground leases, net$309,495 $313,410 
Acquired below-market leases, net, consisted of the following:
(amounts in thousands)June 30, 2025December 31, 2024
Acquired below-market leases$(56,359)$(56,359)
Less: accumulated amortization39,278 36,862 
Acquired below-market leases, net$(17,081)$(19,497)
Schedule of Amortization Related to Deferred Costs and Acquired Lease Intangibles
The total amortization related to deferred costs and acquired lease intangibles consisted of the following:
Three Months Ended June 30,Six Months Ended June 30,
(amounts in thousands)2025202420252024
Rental revenue:
Amortization of below-market leases, net of above-market leases$840 $513 $1,638 $1,027 
Depreciation and amortization:
Amortization of deferred leasing costs and acquired deferred leasing costs5,128 5,231 10,497 11,018 
Amortization related to acquired in-place lease value1,415 1,234 2,823 2,520