Intangible assets, net, consisted of the following as of March 31, 2026 and December 31, 2025 (amounts in thousands, except weighted average remaining life amounts):


	March 31, 2026		December 31, 2025
In-place leases, net of accumulated amortization of $108,027 and $107,913, respectively (with a weighted average remaining life of 7.2 years and 7.2 years, respectively)	$	110,362	$	112,168
Above-market leases, net of accumulated amortization of $4,557 and $4,379, respectively (with a weighted average remaining life of 6.4 years and 6.6 years, respectively)	4,347		4,525
	$	114,709	$	116,693

The aggregate weighted average remaining life of the intangible assets was 7.2 years and 7.1 years as of March 31, 2026 and December 31, 2025, respectively.

Amortization of in-place leases was $4,429,000 and $4,784,000 for the three months ended March 31, 2026 and 2025, respectively. Amortization of above-market leases was $178,000 and $186,000 for the three months ended March 31, 2026 and 2025, respectively. Amortization of in-place leases is included in depreciation and amortization, and amortization of above-market leases is recorded as a reduction to rental revenue in the accompanying condensed consolidated statements of comprehensive income.