Intangibles (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Finite-Lived Intangible Assets |
The gross carrying amount and accumulated amortization of our intangible assets and liabilities are: | | | | | | | | | | | | | | | | | | | March 31, 2026 | | in thousands | Total Cost | | Accumulated Amortization | | Intangible Assets, net | | Intangible assets, net: | | | | | | | In-place lease intangibles | $ | 68,486 | | | $ | (37,127) | | | $ | 31,359 | | | Leasing commissions | 10,781 | | | (3,419) | | | 7,362 | | | Above-market lease intangibles | 1,951 | | | (761) | | | 1,190 | | | Total intangible assets, net | $ | 81,218 | | | $ | (41,307) | | | $ | 39,911 | | | | | | | | | Total Cost | | Accumulated Amortization | | Intangible Liabilities, net | | Intangible liabilities, net: | | | | | | | Below-market lease intangibles | $ | 11,844 | | | $ | (4,009) | | | $ | 7,835 | | | Total intangible liabilities, net | $ | 11,844 | | | $ | (4,009) | | | $ | 7,835 | |
| | | | | | | | | | | | | | | | | | | December 31, 2025 | | in thousands | Total Cost | | Accumulated Amortization | | Intangible Assets, net | | Intangible assets, net: | | | | | | | In-place lease intangibles | $ | 68,725 | | | $ | (34,418) | | | $ | 34,307 | | | Leasing commissions | 10,730 | | | (3,063) | | | 7,667 | | | Above-market lease intangibles | 1,951 | | | (718) | | | 1,233 | | | Total intangible assets, net | $ | 81,406 | | | $ | (38,199) | | | $ | 43,207 | | | | | | | | | Total Cost | | Accumulated Amortization | | Intangible Liabilities, net | | Intangible liabilities, net: | | | | | | | Below-market lease intangibles | $ | 11,875 | | | $ | (3,421) | | | $ | 8,454 | | | Total intangible liabilities, net | $ | 11,875 | | | $ | (3,421) | | | $ | 8,454 | |
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| Schedule of Below Market Leases |
The gross carrying amount and accumulated amortization of our intangible assets and liabilities are: | | | | | | | | | | | | | | | | | | | March 31, 2026 | | in thousands | Total Cost | | Accumulated Amortization | | Intangible Assets, net | | Intangible assets, net: | | | | | | | In-place lease intangibles | $ | 68,486 | | | $ | (37,127) | | | $ | 31,359 | | | Leasing commissions | 10,781 | | | (3,419) | | | 7,362 | | | Above-market lease intangibles | 1,951 | | | (761) | | | 1,190 | | | Total intangible assets, net | $ | 81,218 | | | $ | (41,307) | | | $ | 39,911 | | | | | | | | | Total Cost | | Accumulated Amortization | | Intangible Liabilities, net | | Intangible liabilities, net: | | | | | | | Below-market lease intangibles | $ | 11,844 | | | $ | (4,009) | | | $ | 7,835 | | | Total intangible liabilities, net | $ | 11,844 | | | $ | (4,009) | | | $ | 7,835 | |
| | | | | | | | | | | | | | | | | | | December 31, 2025 | | in thousands | Total Cost | | Accumulated Amortization | | Intangible Assets, net | | Intangible assets, net: | | | | | | | In-place lease intangibles | $ | 68,725 | | | $ | (34,418) | | | $ | 34,307 | | | Leasing commissions | 10,730 | | | (3,063) | | | 7,667 | | | Above-market lease intangibles | 1,951 | | | (718) | | | 1,233 | | | Total intangible assets, net | $ | 81,406 | | | $ | (38,199) | | | $ | 43,207 | | | | | | | | | Total Cost | | Accumulated Amortization | | Intangible Liabilities, net | | Intangible liabilities, net: | | | | | | | Below-market lease intangibles | $ | 11,875 | | | $ | (3,421) | | | $ | 8,454 | | | Total intangible liabilities, net | $ | 11,875 | | | $ | (3,421) | | | $ | 8,454 | |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The estimated future amortization of our intangibles for each of the next five years and thereafter as of March 31, 2026 is: | | | | | | | | | | | | | | | | | | | | | | | | | in thousands | In-place Lease
Intangibles | | Leasing Commissions | | Above-market Lease Intangibles | | Below-market
Lease Intangibles | | 2026 (remainder) | $ | 6,709 | | | $ | 1,018 | | | $ | 133 | | | $ | (1,670) | | | 2027 | 6,357 | | | 1,227 | | | 175 | | | (2,091) | | | 2028 | 4,220 | | | 1,093 | | | 175 | | | (1,155) | | | 2029 | 3,870 | | | 954 | | | 164 | | | (943) | | | 2030 | 3,404 | | | 859 | | | 94 | | | (595) | | | 2031 | 4,413 | | | 1,121 | | | 94 | | | (533) | | | Thereafter | 2,386 | | | 1,090 | | | 355 | | | (848) | | | $ | 31,359 | | | $ | 7,362 | | | $ | 1,190 | | | $ | (7,835) | |
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| Schedule of Below Market Lease, Future Amortization Income |
The estimated future amortization of our intangibles for each of the next five years and thereafter as of March 31, 2026 is: | | | | | | | | | | | | | | | | | | | | | | | | | in thousands | In-place Lease
Intangibles | | Leasing Commissions | | Above-market Lease Intangibles | | Below-market
Lease Intangibles | | 2026 (remainder) | $ | 6,709 | | | $ | 1,018 | | | $ | 133 | | | $ | (1,670) | | | 2027 | 6,357 | | | 1,227 | | | 175 | | | (2,091) | | | 2028 | 4,220 | | | 1,093 | | | 175 | | | (1,155) | | | 2029 | 3,870 | | | 954 | | | 164 | | | (943) | | | 2030 | 3,404 | | | 859 | | | 94 | | | (595) | | | 2031 | 4,413 | | | 1,121 | | | 94 | | | (533) | | | Thereafter | 2,386 | | | 1,090 | | | 355 | | | (848) | | | $ | 31,359 | | | $ | 7,362 | | | $ | 1,190 | | | $ | (7,835) | |
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