v3.26.1
Real Estate (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Summary of Acquisition Transactions The following table summarizes the acquisition ($ in thousands):
300 South Tryon
Closing Purchase Price$317,500 
Acquisition DateFebruary 2026
Square Feet638,000 
MarketCharlotte
Purchase Price Allocation
Tangible assets
Operating properties$306,470 
Intangible and other assets
In-place leases (1)26,467 
Prepaid expenses171 
Above market rents125 
26,763 
Intangible and other liabilities
Below market leases (1)(14,505)
Accounts payable and other liabilities(1,467)
(15,972)
Total net assets acquired (2)$317,261 
(1) The intangible assets and liabilities will be amortized over a weighted average remaining lease term of 6 years from the acquisition date.
(2) Represents net purchase price, including acquisition costs of $1.1 million, as well as net operating liabilities acquired through closing prorations of $1.5 million.
Disposal Groups, Including Discontinued Operations
Held for Sale
The major classes of assets and liabilities of properties held for sale as of June 30, 2026 (One Eleven Congress and 303 Tremont land parcel) and December 31, 2025 (Harborview Plaza and 303 Tremont land parcel) were as follows ($ in thousands):
Real estate assets and other assets held for sale20262025
Operating properties, net of accumulated depreciation of $76,070 and $15,341 in 2026 and 2025, respectively.
$192,230 $35,682 
Land18,854 18,854 
Notes and accounts receivable612 272 
Deferred rents receivable6,355 2,082 
Intangible assets, net of accumulated amortization of $3,576 and $682 in 2026 and 2025, respectively.
280 138 
Other assets5,255 4,461 
$223,586 $61,489 
Liabilities of real estate assets held for sale
Accounts payable and accrued expenses$4,149 $1,769 
Deferred income1,295 266 
Intangible liabilities, net of accumulated amortization of $1,291 and $140 in 2026 and 2025, respectively.
163 49 
Other liabilities2,129 765 
$7,736 $2,849