| Schedule of Intangible Assets and Liabilities, and Leasing Fees, and Related Accumulated Amortization |
The following is a summary of intangible assets and liabilities, and leasing fees, and related accumulated amortization: | | | | | | | | | | | | | (in thousands) | September 30,
2026 | | December 31,
2025 | | Lease intangibles: | | | | | Acquired above-market leases | $ | 40,134 | | | $ | 41,082 | | | Less accumulated amortization | (21,479) | | | (20,574) | | | Acquired above-market leases, net | 18,655 | | | 20,508 | | | Acquired in-place leases | 418,512 | | | 423,920 | | | Less accumulated amortization | (188,945) | | | (176,418) | | | Acquired in-place leases, net | 229,567 | | | 247,502 | | | Total intangible lease assets, net | $ | 248,222 | | | $ | 268,010 | | | Acquired below-market leases | $ | 90,240 | | | $ | 91,670 | | | Less accumulated amortization | (53,894) | | | (50,143) | | | Intangible lease liabilities, net | $ | 36,346 | | | $ | 41,527 | | | Leasing fees | $ | 31,563 | | | $ | 22,643 | | | Less accumulated amortization | (9,123) | | | (7,760) | | | Leasing fees, net | $ | 22,440 | | | $ | 14,883 | |
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| Schedule of Amortization of Intangible Lease Assets and Liabilities, and Leasing Fees |
Amortization of intangible lease assets and liabilities, and leasing fees was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Financial Statement Presentation | | For the Three Months
Ended September 30, | | For the Nine Months
Ended September 30, | | Intangible | | | 2026 | | 2025 | | 2026 | | 2025 | | Acquired in-place leases and leasing fees | | Depreciation and amortization | | $ | 8,010 | | | $ | 8,220 | | | $ | 25,145 | | | $ | 26,984 | | | Above-market and below-market leases | | Lease revenues, net | | 1,015 | | | 1,199 | | | 3,049 | | | 3,456 | |
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| Schedule of Estimated Future Amortization of Intangible Assets and Liabilities, and Leasing Fees |
Estimated future amortization of intangible assets and liabilities, and leasing fees at September 30, 2026 is as follows: | | | | | | | (in thousands) | | | Remainder of 2026 | $ | 7,096 | | | 2027 | 27,055 | | | 2028 | 24,704 | | | 2029 | 23,105 | | | 2030 | 20,961 | | | Thereafter | 131,395 | | | $ | 234,316 | |
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