Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Identified Intangible Lease Assets

The gross carrying amount and accumulated amortization of the Company’s identified intangible lease assets consisted of the following ($ in thousands):


Intangible lease assets		December 31, 2025				December 31, 2024
In-place lease intangibles		$	483,790			$	203,574
Condominium interest			7,492				7,492
Total intangible lease assets			491,282				211,066
Accumulated amortization
In-place lease intangibles			(23,082	)			(3,492	)
Intangible lease assets, net		$	468,200			$	207,574

Schedule of Future Amortization of Intangible Lease Assets

The estimated future amortization of the Company’s in-place intangible lease assets for each of the next five years and thereafter as of December 31, 2025 is as follows ($ in thousands):


Year		Amount
2026		$	29,795
2027			29,800
2028			29,800
2029			29,800
2030			28,671
Thereafter			312,842
Total		$	460,708