INTANGIBLE ASSETS AND LIABILITIES (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of components of intangible lease assets and liabilities |
| | | | | | | | | As of | | | September 30, 2026 | | December 31, 2025 | Intangible Lease Assets: | | | | | | | Value of In-Place Leases | | $ | 61,974 | | $ | 56,614 | Value of Above Market In-Place Leases | | | 1,824 | | | 1,708 | Value of Intangible Leasing Costs | | | 20,819 | | | 19,457 | Sub-total Intangible Lease Assets | | | 84,617 | | | 77,779 | Accumulated Amortization | | | (36,729) | | | (28,854) | Sub-total Intangible Lease Assets—Net | | | 47,888 | | | 48,925 | Intangible Lease Liabilities: | | | | | | | Value of Below Market In-Place Leases | | | (9,760) | | | (7,763) | Sub-total Intangible Lease Liabilities | | | (9,760) | | | (7,763) | Accumulated Amortization | | | 3,640 | | | 2,792 | Sub-total Intangible Lease Liabilities—Net | | | (6,120) | | | (4,971) | Total Intangible Assets and Liabilities—Net | | $ | 41,768 | | $ | 43,954 |
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| Schedule of amortization of intangible assets and liabilities |
| | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, 2026 | | September 30, 2025 | | September 30, 2026 | | September 30, 2025 | Amortization Expense | | $ | 2,623 | | $ | 2,052 | | $ | 7,792 | | $ | 6,648 | Accretion to Properties Revenue | | | (256) | | | (176) | | | (733) | | | (422) | Net Amortization of Intangible Assets and Liabilities | | $ | 2,367 | | $ | 1,876 | | $ | 7,059 | | $ | 6,226 |
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| Schedule of estimated future amortization expense (income) related to net intangible assets and liabilities |
| | | | | | | | | | Year Ending December 31, | | Future Amortization Expense | | Future Accretion to Property Revenue | | Net Future Amortization of Intangible Assets and Liabilities | Remainder of 2026 | | $ | 2,870 | | $ | (354) | | $ | 2,516 | 2027 | | | 10,091 | | | (1,447) | | | 8,644 | 2028 | | | 8,086 | | | (1,183) | | | 6,903 | 2029 | | | 6,903 | | | (835) | | | 6,068 | 2030 | | | 5,630 | | | (520) | | | 5,110 | 2031 | | | 4,923 | | | (452) | | | 4,471 | 2032 and Thereafter | | | 8,375 | | | (319) | | | 8,056 | Total | | $ | 46,878 | | $ | (5,110) | | $ | 41,768 |
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