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INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Assets and Liabilities Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets and Liabilities
Intangible assets and liabilities, net are summarized as follows:
June 30, 2026 (unaudited) December 31, 2025
Intangible assets
Acquired favorable lease intangibles$4,961 $17,245 
Less: Accumulated amortization(2,772)(8,935)
Acquired favorable lease intangibles, net2,189 8,310 
Acquired customer relationships 12,607 12,607 
Less: Accumulated amortization(1,748)(988)
Acquired customer relationships, net10,859 11,619 
Total intangible assets, net$13,048 $19,929 
Intangible liabilities
Acquired unfavorable lease intangibles$5,970 $7,688 
Less: Accumulated amortization(2,516)(2,132)
Acquired unfavorable lease intangibles, net$3,454 $5,556 
Schedule of Weighted Average Amortization Period of Intangible Assets
The weighted average amortization period of intangible assets acquired during the six months ended June 30, 2026 is as follows:
Weighted Average Amortization Period
Lease intangibles
1.3 years
Customer relationships
10.2 years
Total intangible assets
7.3 years
Schedule of Amortization of Intangible Assets and Liabilities
Amortization of intangible assets and liabilities is recorded as follows (unaudited):
Classification in Consolidated Statements of OperationsThree Months Ended June 30,Six Months Ended June 30,
2026202520262025
Lease income$(89)$2,153 $248 $5,359 
Depreciation and amortization379 124 757 219 
$290 2,277 $1,005 5,578 
Schedule of Net Annual Amortization of Intangibles
As of June 30, 2026, estimated net annual amortization of intangibles is as follows (unaudited):
Remainder of 2026
$305 
2027662 
20281,295 
20291,273 
20301,192 
Thereafter4,867 
Total$9,594