v3.26.1
Acquired Lease Intangibles (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Summary of Acquired Lease Intangibles
Summary of our Acquired Lease Intangibles

 (In thousands)June 30, 2026December 31, 2025
Above-market tenant leases$11,383 $6,775 
Above-market tenant leases - accumulated amortization(3,083)(2,870)
Above-market ground lease where we are the lessor1,152 1,152 
Above-market ground lease - accumulated amortization(334)(326)
Acquired lease intangible assets, net$9,118 $4,731 
Below-market tenant leases$27,039 $28,095 
Below-market tenant leases - accumulated accretion(15,351)(19,819)
Acquired lease intangible liabilities, net$11,688 $8,276 
Schedule of Net Amortization or Accretion of Above- and Below-Market Leases
The table below summarizes the net amortization/accretion related to our above- and below-market leases:

Three Months Ended June 30,Six Months Ended June 30,
 (In thousands)2026202520262025
Net accretion of above- and below-market tenant lease assets and liabilities(1)
$599 $1,163 $1,677 $2,630 
Amortization of an above-market ground lease asset(2)
(4)(4)(8)(8)
Total$595 $1,159 $1,669 $2,622 
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(1)    Recorded as a net increase to office and multifamily rental revenues.
(2)    Recorded as a decrease to office parking and other income.