v3.26.1
Investments in Real Estate (Tables)
3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Schedule of Intangible Assets and Related Accumulated Amortization
In-place lease intangible assets and related accumulated amortization as of March 31, 2026 and December 31, 2025 is as follows (in thousands):
March 31, 2026December 31, 2025
In-place lease intangible assets$9,757 $9,757 
Accumulated amortization(3,602)(3,391)
In-place lease intangible assets, net$6,155 $6,366 
The above-market lease and related accumulated amortization included in other assets, net on our consolidated balance sheets as of March 31, 2026 and December 31, 2025 is as follows (in thousands):
March 31, 2026December 31, 2025
Above-market lease$1,054 $1,054 
Accumulated amortization(394)(371)
Above-market lease, net$660 $683 
Schedule of Estimated Annual Amortization The
weighted-average remaining amortization period of the acquired in-place leases was 7.5 years, and the estimated annual amortization of the value of the acquired in-place leases as of March 31, 2026 is as follows (in thousands):
YearAmount
2026 (nine months ending December 31)$633 
2027844 
2028844 
2029844 
2030844 
Thereafter2,146 
Total$6,155 
Schedule of Future Contractual Minimum Rent
Future contractual minimum rent (including base rent and property management fees) to be received on our leases as of March 31, 2026 for future periods is summarized as follows (in thousands):
YearContractual Minimum Rent
2026 (nine months ending December 31)$221,637 
2027308,687 
2028316,054 
2029322,309 
2030326,717 
Thereafter2,903,981 
Total$4,399,385