v3.26.3
INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)
 9 Months Ended
Sep. 30, 2026
Intangible Assets and Liabilities Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets and Liabilities
Intangible assets and liabilities, net are summarized as follows:
September 30, 2026 (unaudited) December 31, 2025
Intangible assets
Acquired favorable lease intangibles$3,489 $17,245 
Less: Accumulated amortization(1,496)(8,935)
Acquired favorable lease intangibles, net1,993 8,310 
Acquired customer relationships 12,607 12,607 
Less: Accumulated amortization(2,122)(988)
Acquired customer relationships, net10,485 11,619 
Total intangible assets, net$12,478 $19,929 
Intangible liabilities
Acquired unfavorable lease intangibles$5,970 $7,688 
Less: Accumulated amortization(2,926)(2,132)
Acquired unfavorable lease intangibles, net$3,044 $5,556 
Schedule of Weighted Average Amortization Period of Intangible Assets
The weighted average amortization period of acquired intangible assets during the nine months ended September 30, 2026 is as follows:
Weighted Average Amortization Period
Lease intangibles
1.2 years
Customer relationships
10.1 years
Total intangible assets
7.3 years
Schedule of Amortization of Intangible Assets and Liabilities
Amortization of intangible assets and liabilities is recorded as follows (unaudited):
Classification in Consolidated Statements of OperationsThree Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Lease intangiblesLease income$(242)$534 $6 $5,893 
Customer relationshipsDepreciation and amortization373 95 1,130 314 
Total$131 629 $1,136 6,207 
Schedule of Net Annual Amortization of Intangibles
As of September 30, 2026, estimated net annual amortization of intangibles is as follows (unaudited):
Remainder of 2026
$150 
2027657 
20281,290 
20291,273 
20301,193 
Thereafter4,871 
Total$9,434