v3.26.3
Identified Intangible Assets and Liabilities
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Excluding Goodwill, after Accumulated Amortization [Abstract]  
Identified Intangible Assets and Liabilities Identified Intangible Assets and Liabilities
The following summarizes our identified intangible assets (primarily in-place and above-market leases) and liabilities (primarily below-market leases).
(Amounts in thousands)Balance as of
September 30, 2026December 31, 2025
Identified intangible assets:
Gross amount$192,026 $192,555 
Accumulated amortization(87,096)(81,962)
Total, net$104,930 $110,593 
Identified intangible liabilities (included in other liabilities):
Gross amount$130,079 $134,499 
Accumulated amortization(110,599)(113,271)
Total, net$19,480 $21,228 
Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $104,000 and $100,000 for the three months ended September 30, 2026 and 2025, respectively, and $340,000 and $284,000 for the nine months ended September 30, 2026 and 2025, respectively.
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $1,419,000 and $1,451,000 for the three months ended September 30, 2026 and 2025, respectively, and $4,256,000 and $4,324,000 for the nine months ended September 30, 2026 and 2025, respectively.