v3.25.4
Real Estate (Intangible Assets and Liabilities) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Intangible lease liabilities (included in other liabilities):      
Below-market in-place leases $ 37,758 $ 39,869  
Less: accumulated amortization (27,293) (28,946)  
Below-market in-place leases, net 10,465 10,923  
Above-market in-place leases, net      
Intangible lease assets (included in other assets):      
Leases 14,051 14,753  
Less: accumulated amortization (11,115) (12,159)  
Leases, net 2,936 2,594  
Above-Market and Below-Market In-Place Lease      
Intangible lease assets (included in other assets):      
Leases, net [1] 7,529    
Intangible lease liabilities (included in other liabilities):      
Amortization expense, above- and below-market leases 1,898,000 495,000 $ 430,000
In-place leases, net      
Intangible lease assets (included in other assets):      
Leases 117,302 116,549  
Less: accumulated amortization (82,926) (85,741)  
Leases, net 34,376 [2] 30,808  
Intangible lease liabilities (included in other liabilities):      
Amortization expense, in-place leases $ 7,919,000 $ 6,108,000 $ 6,793,000
[1]

(1)

Recorded as a net increase to rental income over the life of the lease.

 

[2]

(2)

Amortized as an increase to amortization expense.