Intangible Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Intangible Assets And Liabilities

Schedule of Intangible Assets And Liabilities

Intangible assets and liabilities are summarized as follows (amounts in thousands):

		June 30, 2026												December 31, 2025
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
		(unaudited)				(unaudited)				(unaudited)
Finite-Lived Intangible Assets
In-place leases		$	2,538			$	(1,076	)		$	1,462			$	2,538			$	(1,023	)		$	1,515
Indefinite-Lived Intangible Assets
Development rights			5,659				—				5,659				5,659				—				5,659
Total intangible assets		$	8,197			$	(1,076	)		$	7,121			$	8,197			$	(1,023	)		$	7,174

Finite-Lived Intangible Liabilities
Below-market leases		$	(1,538	)		$	450			$	(1,088	)		$	(1,538	)		$	411			$	(1,127	)
Total intangible liabilities		$	(1,538	)		$	450			$	(1,088	)		$	(1,538	)		$	411			$	(1,127	)