IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Liabilities

The following table summarizes our identified intangible assets and liabilities:


(Amounts in thousands)	December 31, 2025		December 31, 2024
In-place leases	$	147,827	$	164,291
Accumulated amortization	(65,696)		(61,671)
Above-market leases	10,278		10,564
Accumulated amortization	(4,818)		(3,357)


Identified intangible assets, net of accumulated amortization	87,591		109,827
Below-market leases	234,567		227,771
Accumulated amortization	(59,668)		(50,275)
Identified intangible liabilities, net of accumulated amortization	$	174,899	$	177,496

Schedule of Estimated Annual Amortization Expense

The following table sets forth the estimated annual amortization (expense) and income related to intangible assets and liabilities for the five succeeding years commencing January 1, 2026:


(Amounts in thousands)	Below-Market		Above-Market		In-Place Lease
Year	Operating Lease Amortization		Operating Lease Amortization		Amortization
2026	$	11,888	$	(1,416)	$	(17,179)
2027	11,749		(1,182)		(13,882)
2028	11,589		(1,127)		(11,972)
2029	11,281		(1,040)		(10,217)
2030	11,003		(363)		(7,229)