v3.26.1
REAL ESTATE ASSETS (Tables)
12 Months Ended
Dec. 31, 2025
Real Estate [Abstract]  
Schedule of Purchase Price Allocation for Asset Acquisition
The following table summarizes the purchase price allocation for the 2025 Property Acquisitions and 2024 Property Acquisitions (in thousands):
2025 Property Acquisitions
2024 Property Acquisitions
Land
$
75,442 
$
3,132 
Buildings, fixtures and improvements
96,598 
28,709 
Acquired in-place leases and other intangibles (1)
25,011 
12,307 
Acquired above-market leases (2)
15,765 
— 
Acquired below-market leases (3)
(3,696)
— 
Total purchase price
$
209,120 
$
44,148 
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(1)The amortization period for acquired in-place leases and other intangibles is 7.5 years and 20.0 years, for the 2025 and 2024 Property Acquisitions, respectively.
(2)The amortization period for acquired above-market leases is 5.9 years.
(3)The amortization period for acquired below-market leases is 14.5 years.