v3.25.2
Real Estate Investments (Tables)
 6 Months Ended
Jun. 30, 2025
Real Estate Investments, Net [Abstract]  
Schedule of Amortization and Accretion of Market Lease Assets and Liabilities
The following table discloses amounts recognized within the consolidated statements of operations and comprehensive loss related to amortization of in-place leases and other intangibles and amortization and accretion of above- and below-market lease assets and liabilities, net, for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2025202420252024
In-place leases
$341 $574 $721 $1,155 
Other intangibles— 177 — 354 
Total included in depreciation and amortization$341 $751 $721 $1,509 
Above-market lease intangibles$29 $142 $64 $287 
Below-market lease liabilities
(171)(213)(343)(424)
Total included in revenue from tenants $(142)$(71)$(279)$(137)
Below-market ground lease, included in property operating expenses$12 $12 $25 $25 
Schedule of Future Amortization Expense
The following table provides the projected amortization expense and adjustments to revenues for the next five years as of June 30, 2025:
(In thousands)2025 (remainder)20262027202820292030
In-place leases$385 $632 $624 $584 $385 $385 
Total to be included in depreciation and amortization
$385 $632 $624 $584 $385 $385 
Above-market lease assets$59 $117 $117 $112 $85 $85 
Below-market lease liabilities(114)(183)(180)(180)(142)(22)
Total to be included in revenue from tenants$(55)$(66)$(63)$(68)$(57)$63