Lease Intangible Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Real Estate [Abstract]

Summary of Finite Lived Intangible Assets and Liabilities

The following table summarizes the Company’s lease intangible assets (acquired in-place leases and above-market leases) and liabilities (acquired below-market lease, which is included in accounts payable, accrued expenses and other liabilities on the condensed consolidated balance sheets), net of accumulated amortization, as of December 31, 2025 (in thousands):


December 31, 2025
		Gross				Accumulated
Lease Intangible Assets		Asset				Amortization				Balance
In-place leases, net		$	294			$	(123	)		$	171
Total		$	294			$	(123	)		$	171

		Gross				Accumulated
Lease Intangible Liabilities		Liability				Amortization				Balance
Below-market leases, net		$	(1,168	)		$	489			$	(679	)
Total		$	(1,168	)		$	489			$	(679	)

Schedule of Future Amortization of Acquired Leases

Future amortization of these lease intangibles is set forth below (in thousands):


		Below Market Ground Lease
Remainder of 2026		$	101
2027			203
2028			203
2029			203
2030			203
2031			203
Thereafter			8,419