v3.25.3
REAL ESTATE ASSETS (Tables)
9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
Schedule of Purchase Price Allocation for Asset Acquisition
The following table summarizes the purchase price allocation for the 2025 Property Acquisitions and 2024 Property Acquisitions (in thousands):
2025 Property Acquisitions
2024 Property Acquisitions
Land$72,641 $3,132 
Buildings, fixtures and improvements72,627 28,709 
Acquired in-place leases and other intangibles (1)
22,618 12,307 
Acquired above-market leases (2)
15,294 — 
Acquired below-market leases (3)
(3,416)— 
Total purchase price$179,764 $44,148 
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(1) The amortization period for acquired in-place leases and other intangibles is 6.4 years and 20.0 years, for the 2025 and 2024 Property Acquisitions, respectively.
(2) The amortization period for acquired above-market leases is 5.5 years.
(3) The amortization period for acquired below-market leases is 14.5 years.