v3.25.4
ACQUISITIONS AND DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Closed Acquisitions
During the years ended December 31, 2025 and December 31, 2024, the Company closed on the following acquisitions:
Date PurchasedProperty NameCityStateSquare Feet
Purchase Price(1)
(in thousands)
October 23, 2025Brighton MillsAllstonMA91,000 $39,158 
2025 Total$39,158 
October 29, 2024The Village at Waugh ChapelGambrillsMD382,000 $128,230 
April 5, 2024Ledgewood CommonsRoxbury TownshipNJ448,000 83,211 
February 8, 2024Heritage SquareWatchungNJ87,000 33,838 
2024 Total$245,279 
(1) The total purchase price for the properties acquired in the years ended December 31, 2025 and December 31, 2024 include $0.2 million and $4.8 million of transaction costs, respectively.
Schedule of Aggregate Purchase Price Allocations
The aggregate purchase price of the above property acquisitions have been allocated as follows:
(amounts in thousands)

Property Name		LandBuildings and Improvements
Identified Intangible Assets(1)
Identified Intangible Liabilities(1)
Debt Discount(2)
Total Purchase Price
Brighton Mills$26,267 $21,263 $5,841 $(14,213)$— $39,158 
2025 Total$26,267 $21,263 $5,841 $(14,213)$— $39,158 
The Village at Waugh Chapel$36,722 $91,207 $13,141 $(17,894)$5,054 $128,230 
Ledgewood Commons24,313 56,352 15,137 (12,591)— 83,211 
Heritage Square7,343 24,643 4,763 (2,911)— 33,838 
2024 Total$68,378 $172,202 $33,041 $(33,396)$5,054 $245,279 
(1) As of December 31, 2025, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2025 were 5.8 years and 15.1 years, respectively, and the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2024 were 8.3 years and 16.9 years, respectively.
(2) Included in mortgages payable, net on the consolidated balance sheets.