v3.26.1
Intangible Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Intangible Assets and Liabilities  
Schedule of intangible assets and liabilities

 

December 31, 2025

Gross

Weighted average

 

carrying

 

Accumulated

 

Net carrying

 

amortization

  ​ ​ ​

amount

  ​ ​ ​

amortization

  ​ ​ ​

amount

  ​ ​ ​

period (years)

Intangible assets

 

  ​

 

  ​

 

  ​

 

  ​

In-place lease intangibles

$

57,946

$

(15,195)

$

42,751

 

15.9

Above-market lease

 

120

 

(26)

 

94

 

22.3

Other lease intangibles

 

1,356

 

(309)

 

1,047

 

19.3

Total intangible assets

$

59,422

$

(15,530)

$

43,892

 

16.00

Intangible liabilities

 

 

 

 

  ​

Below-market leases

$

7,191

$

(797)

$

6,394

 

12.2

Total intangible liabilities

$

7,191

$

(797)

$

6,394

 

12.2

 

December 31, 2024

Gross 

 

Weighted average

 

carrying

 

Accumulated

 

Net carrying

 

amortization

  ​ ​ ​

amount

  ​ ​ ​

amortization

  ​ ​ ​

amount

  ​ ​ ​

period (years)

Intangible assets

 

  ​

 

  ​

 

  ​

 

  ​

In-place lease intangibles

$

47,572

$

(11,936)

$

35,636

 

16.8

Above-market lease

 

121

 

(21)

 

100

 

22.3

Other lease intangibles

 

1,432

 

(314)

 

1,118

 

19.1

Total intangible assets

$

49,125

$

(12,271)

$

36,854

 

16.9

Intangible liabilities

 

 

 

 

Below-market leases

$

1,613

$

(548)

$

1,065

 

13.1

Total intangible liabilities

$

1,613

$

(548)

$

1,065

 

13.1

Schedule of estimated future amortization of in-place lease assets and other lease intangibles

  ​ ​ ​

In-place lease

  ​ ​ ​

Above-market

  ​ ​ ​

Other lease

  ​ ​ ​

Below-market lease

 

assets

 

lease asset

 

intangible assets

 

liabilities

2026

$

3,889

$

6

$

71

$

593

2027

 

3,889

 

6

 

71

 

593

2028

 

3,889

 

6

 

71

 

593

2029

 

3,889

 

6

 

71

 

593

2030

 

3,889

 

6

 

71

 

593

Thereafter

 

23,306

 

64

 

692

 

3,429

Total

$

42,751

$

94

$

1,047

$

6,394