NOTE 7 - Lease intangibles The following table summarizes the net value of other intangible assets and liabilities and the accumulated amortization for each class of intangible: | | | | | | | | | | | | Lease | | Accumulated | | Lease | As of September 30, 2026 | | Intangibles | | Amortization | | Intangibles, net | | Lease Intangible Assets | | (in thousands) | In-place leases | | $ | 16,280 | | $ | (15,242) | | $ | 1,038 | Above-market leases | | | 1,377 | | | (1,137) | | | 240 | | | $ | 17,657 | | $ | (16,379) | | $ | 1,278 | Lease Intangible Liabilities | | | | | | | | | | Below-market leases | | $ | (1,309) | | $ | 1,191 | | $ | (118) |
| | | | | | | | | | | | Lease | | Accumulated | | Lease | As of December 31, 2025 | | Intangibles | | Amortization | | Intangibles, net | | Lease Intangible Assets | | (in thousands) | In-place leases | | $ | 16,744 | | $ | (15,051) | | $ | 1,693 | Above-market leases | | | 1,377 | | | (1,072) | | | 305 | | | $ | 18,121 | | $ | (16,123) | | $ | 1,998 | Lease Intangible Liabilities | | | | | | | | | | Below-market leases | | $ | (2,107) | | $ | 1,930 | | $ | (177) |
The estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows: | | | | | | | | | Intangible | | Intangible | Years ending December 31, | | Assets | | Liabilities | | | | (in thousands) | 2026 (October - December) | | $ | 75 | | $ | 17 | 2027 | | | 375 | | | 38 | 2028 | | | 308 | | | 19 | 2029 | | | 207 | | | 17 | 2030 | | | 101 | | | 12 | Thereafter | | | 212 | | | 15 | | | $ | 1,278 | | $ | 118 |
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