| Schedule of Intangible Lease Assets and Liabilities |
Intangible lease assets and liabilities consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands, except weighted average life remaining): | | | | | | | | | | | | | September 30, 2025 | | December 31, 2024 | Intangible lease assets: | | | | In-place leases and other intangibles, net of accumulated amortization of $57,484 and $51,282, respectively (with a weighted average life remaining of 10.9 years and 11.8 years, respectively) | | | | | $ | 92,594 | | | $ | 88,698 | | Acquired above-market leases, net of accumulated amortization of $4,737 and $3,213, respectively (with a weighted average life remaining of 7.8 years and 10.6 years, respectively) | | | | | 10,139 | | | 3,447 | | | Total intangible lease assets, net | $ | 102,733 | | | $ | 92,145 | | | Intangible lease liabilities: | | | | Acquired below-market leases, net of accumulated amortization of $6,884 and $6,036, respectively (with a weighted average life remaining of 11.1 years and 11.2 years, respectively) | | | | | $ | 14,380 | | | $ | 11,812 | |
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| Schedule of Amortization Expense Related to the Intangible Lease Assets |
The following table summarizes the amortization related to the intangible lease assets and liabilities for the three and nine months ended September 30, 2025 and 2024 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | In-place lease and other intangible amortization | $ | 2,865 | | | $ | 2,211 | | | $ | 9,006 | | | $ | 7,541 | | | Above-market lease amortization | $ | 582 | | | $ | 96 | | | $ | 1,926 | | | $ | 308 | | | Below-market lease amortization | $ | 310 | | | $ | 280 | | | $ | 848 | | | $ | 846 | |
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| Schedule of Estimated Amortization Relating to the Intangible Lease Assets and Liabilities |
As of September 30, 2025, the estimated amortization relating to the intangible lease assets and liabilities is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | Amortization | | | In-Place Leases and
Other Intangibles | | Above-Market Leases | | Below-Market Leases | | Remainder of 2025 | | $ | 2,750 | | | $ | 529 | | | $ | 325 | | | 2026 | | 10,272 | | | 2,076 | | | 1,301 | | | 2027 | | 9,972 | | | 2,036 | | | 1,301 | | | 2028 | | 8,975 | | | 1,715 | | | 1,301 | | | 2029 | | 8,221 | | | 1,194 | | | 1,301 | | | Thereafter | | 52,404 | | | 2,589 | | | 8,851 | | | Total | | $ | 92,594 | | | $ | 10,139 | | | $ | 14,380 | |
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