v3.26.1
Intangible Assets and Below Market Lease Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Total Intangible Assets and Below Market Lease Liabilities
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:

June 30,
2026		December 31,
2025
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$452,806 $414,230 
Less accumulated amortization(174,584)(169,972)
$278,222 $244,258 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$35,959 $32,628 
Less accumulated amortization(17,051)(17,102)
$18,908 $15,526 
Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth amortization of intangible assets and below market lease liabilities:

Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$11,240 $9,070 $22,193 $18,074 
Amortization of lease incentives (in rental and other revenues)$850 $660 $1,734 $1,305 
Amortization of acquisition-related above market lease intangible assets (in rental and other revenues)$839 $636 $1,684 $1,234 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(886)$(665)$(1,770)$(1,417)
Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)Amortization of Lease Incentives (in Rental and Other Revenues)Amortization of Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues)Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
July 1 through December 31, 2026$23,859 $1,360 $1,676 $(1,659)
202742,653 2,542 3,006 (3,080)
202837,698 2,388 2,811 (2,666)
202933,495 2,125 2,581 (2,289)
203029,427 1,789 2,255 (2,154)
Thereafter76,365 5,087 7,105 (7,060)
$243,497 $15,291 $19,434 $(18,908)
Weighted average remaining amortization periods as of June 30, 2026 (in years)7.17.37.57.5
Total Intangible Assets from Acquisition Activity
The following table sets forth the intangible assets acquired as a result of the acquisitions of Bloc83 in Raleigh and The Terraces in Dallas in the first quarter of 2026:

Acquisition-Related Above Market Lease Intangible Assets (amortized in Rental and Other Revenues)Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues)
Amount recorded at acquisition$7,751 $37,190 $(5,152)
Weighted average remaining amortization periods as of June 30, 2026 (in years)8.06.76.5