v3.26.1
Investments in Real Estate (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Intangible Assets and Related Accumulated Amortization
In-place lease intangible assets and related accumulated amortization as of June 30, 2026 and December 31, 2025 is as follows (in thousands):
June 30, 2026December 31, 2025
In-place lease intangible assets$8,965 $9,757 
Accumulated amortization(3,450)(3,391)
In-place lease intangible assets, net$5,515 $6,366 
The above-market lease and related accumulated amortization included in other assets, net on our consolidated balance sheets as of June 30, 2026 and December 31, 2025 is as follows (in thousands):
June 30, 2026December 31, 2025
Above-market lease$1,054 $1,054 
Accumulated amortization(417)(371)
Above-market lease, net$637 $683 
Schedule of Estimated Annual Amortization The weighted-average remaining amortization period of the acquired in-place leases was 7.4 years, and the estimated annual amortization of the value of the acquired in-place leases as of June 30, 2026 is as follows (in thousands):
YearAmount
2026 (six months ending December 31)$382 
2027764 
2028764 
2029764 
2030764 
Thereafter2,077 
Total$5,515 
Schedule of Future Contractual Minimum Rent
Future contractual minimum rent (including base rent and property management fees) to be received on our leases as of June 30, 2026 for future periods is summarized as follows (in thousands):
YearContractual Minimum Rent
2026 (six months ending December 31)$138,254 
2027286,947 
2028293,634 
2029299,187 
2030302,872 
Thereafter2,628,324 
Total$3,949,218