v3.25.4
Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Assets    
Land $ 50,382 $ 6,000
Buildings and improvements 287,563 15,703
Deferred leasing costs and acquisition-related intangible assets 61,454 13,534
Prepaid expenses and other assets, net 0 30
Total assets acquired 399,399 35,267
Liabilities    
Acquisition-related intangible liabilities 2,981 267
Total liabilities assumed 2,981 267
Net assets and liabilities acquired 396,418 35,000
Deferred leasing costs and acquisition-related intangible assets 61,454 13,534
Below-market leases acquired $ 3,000 $ 300
Weighted average amortization of below market leases (in years) 3 years 3 months 18 days 4 years 10 months 24 days
In-Place Leases    
Assets    
Deferred leasing costs and acquisition-related intangible assets $ 46,600 $ 10,500
Liabilities    
Deferred leasing costs and acquisition-related intangible assets $ 46,600 $ 10,500
Weighted average amortization period (in years) 4 years 4 months 24 days 4 years 8 months 12 days
Above Market Leases    
Assets    
Deferred leasing costs and acquisition-related intangible assets $ 7,000 $ 1,000
Liabilities    
Deferred leasing costs and acquisition-related intangible assets $ 7,000 $ 1,000
Weighted average amortization period (in years) 4 years 8 months 12 days 4 years 7 months 6 days
Leasing Commissions    
Assets    
Deferred leasing costs and acquisition-related intangible assets $ 7,900 $ 2,000
Liabilities    
Deferred leasing costs and acquisition-related intangible assets $ 7,900 $ 2,000
Weighted average amortization period (in years) 4 years 8 months 12 days 4 years 10 months 24 days