Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2026

Intangible Assets and Liabilities

Schedule of Intangible Assets and Liabilities


		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

Schedule of Estimated Future Amortization of In-Place Lease Assets and Other Lease Intangibles

In-place lease
assets

Above-market
lease asset

Other lease
intangible assets

Below-market
lease
liabilities

2026 (Remaining)

$

1,635

$

2

$

21

$

311

2027

6,542

6

85

1,245

2028

6,542

6

85

1,245

2029

6,542

6

85

1,245

2030

6,542

6

85

1,245

2031

6,542

6

85

1,245

Thereafter

39,101

58

734

17,118

Total

$

73,446

$

90

$

1,180

$

23,654