v3.26.1
Acquired Lease Intangibles (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Lease Intangibles
Summary of our Acquired Lease Intangibles

 (In thousands)March 31, 2026December 31, 2025
Above-market tenant leases$6,517 $6,775 
Above-market tenant leases - accumulated amortization(2,892)(2,870)
Above-market ground lease where we are the lessor1,152 1,152 
Above-market ground lease - accumulated amortization(330)(326)
Acquired lease intangible assets, net$4,447 $4,731 
Below-market tenant leases$25,344 $28,095 
Below-market tenant leases - accumulated accretion(18,426)(19,819)
Acquired lease intangible liabilities, net$6,918 $8,276 
Schedule of Net Amortization or Accretion of Above- and Below-Market Leases
The table below summarizes the net amortization/accretion related to our above- and below-market leases:

 Three Months Ended March 31,
 (In thousands)20262025
Net accretion of above- and below-market tenant lease assets and liabilities(1)
$1,078 $1,467 
Amortization of an above-market ground lease asset(2)
(4)(4)
Total$1,074 $1,463 
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(1)    Recorded as a net increase to office and multifamily rental revenues.
(2)    Recorded as a decrease to office parking and other income.