
	September 30, 2026
	Gross carrying amount		Accumulated amortization			Net carrying amount		Weighted average amortization period (years)
Intangible assets
In-place lease intangibles	$	91,939	$	(18,493	)	$	73,446		14.9
Above-market leases		120		(30	)		90		22.3
Other lease intangibles		1,545		(365	)		1,180		18.7
Total intangible assets	$	93,604	$	(18,888	)	$	74,716		15.0

Intangible liabilities
Below-market leases	$	24,978	$	(1,324	)	$	23,654		24.1
Total intangible liabilities	$	24,978	$	(1,324	)	$	23,654		24.1


	December 31, 2025
	Gross carrying amount		Accumulated amortization			Net carrying amount		Weighted average amortization period (years)
Intangible assets
In-place lease intangibles	$	57,946	$	(15,195	)	$	42,751		15.9
Above-market leases		120		(26	)		94		22.3
Other lease intangibles		1,356		(309	)		1,047		19.3
Total intangible assets	$	59,422	$	(15,530	)	$	43,892		16.0

Intangible liabilities
Below-market leases	$	7,191	$	(797	)	$	6,394		12.2
Total intangible liabilities	$	7,191	$	(797	)	$	6,394		12.2

The Company records amortization of in-place lease assets to amortization expense and records net amortization of above-market and below-market lease intangibles to rental revenue. Amortization of intangible assets and liabilities for the three months ended September 30, 2026 and 2025 was $1,114 and $750, of which $1,335 and $803 was included in depreciation and amortization, and ($221) and ($53) was included in rental revenue, respectively. Amortization of intangible assets and liabilities for the nine months ended September 30, 2026 and 2025 was $2,831 and $2,201, of which $3,354 and $2,312 was included in depreciation and amortization and ($523) and ($111) was included in rental revenue, respectively.

The estimated future amortization of our intangible assets and liabilities are as follows: