v3.26.1
Real Estate (Tables)
 3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Schedule of Real Estate Properties
The following table summarizes the Company’s gross investment in real estate as of March 31, 2026 and December 31, 2025:
March 31, 2026December 31, 2025
Land$388,229 $381,824 
Building and improvements819,937 810,112 
In-place lease intangible assets
110,969 109,852 
Construction in progress837 4,233 
Total real estate$1,319,972 $1,306,021 
Schedule of Aggregate Purchase Price Allocation
Below is a summary of the purchase price allocation for the acquisition:
March 31, 2026
Assets acquired:
Land$6,405 
Building and improvements5,662 
In-place lease intangible assets1,118 
Total real estate13,185 
Above-market lease intangible assets
45 
Total assets acquired$13,230 
Schedule of Real Estate and Acquired Lease Intangibles
The following table summarizes the Company’s allocation of acquired and contributed real estate asset value related to in-place leases, above- and below-market lease intangibles, and other intangibles, net of amortization (excluding the Office Discontinued Operations Properties) as of March 31, 2026 and December 31, 2025:
March 31, 2026December 31, 2025
In-place lease intangible assets
$110,969 $109,852 
In-place lease intangible assets - accumulated amortization
(59,036)(54,592)
In-place lease intangible assets, net (1)
$51,933 $55,260 
Above-market lease intangible assets
4,430 4,384 
Above-market lease intangible assets - accumulated amortization
(3,192)(3,127)
Above-market lease intangible assets, net
1,238 1,257 
Below-market lease intangible liabilities
(48,878)(48,878)
Below-market lease intangible liabilities - accumulated amortization17,134 14,617 
Below-market lease intangible liabilities, net (1)
$(31,744)$(34,261)
(1)The weighted average remaining amortization period of the Company’s in-place leases, above- and below-market lease intangibles and other intangibles was 6.8 years and 6.7 years as of March 31, 2026 and December 31, 2025, respectively.
Schedule of Amortization of Intangible Assets and Other Leasing Costs
The amortization of the intangible assets (excluding Office Discontinued Operations Properties) for the respective periods is as follows:
Three Months Ended March 31,
20262025
Above and below market leases, net$(2,452)$(1,724)
In-place lease intangible assets$4,445 $3,491