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Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2025
Accounting Policies [Abstract] |
Schedule of Intangible Assets and Liabilities | As of March 31, 2025 and December 31, 2024, the Company’s intangible assets and liabilities, including properties held for sale (if any), consisted of the following (dollars in thousands):
| March 31, 2025 |  | December 31, 2024
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
In-place leases | $ | 205,705 |  |  | $ | (117,448) |  |  | $ | 88,257 |  |  | $ | 203,386 |  |  | $ | (111,927) |  |  | $ | 91,459 |
Above-market leases | 5,089 |  |  | (3,855) |  |  | 1,234 |  |  | 5,089 |  |  | (3,723) |  |  | 1,366 |
Below-market leases | (185,902) |  |  | 74,503 |  |  | (111,400) |  |  | (185,995) |  |  | 69,453 |  |  | (116,542) |
Total | $ | 24,892 |  |  | $ | (46,800) |  |  | $ | (21,909) |  |  | $ | 22,480 |  |  | $ | (46,197) |  |  | $ | (23,717) |
Schedule of Depreciation and Useful Lives of Real Estate and Intangible Assets | The following table reflects the standard depreciable lives typically used to compute depreciation and amortization. However, such depreciable lives may be different based on the estimated useful life of such assets or liabilities.
Description |  | Standard Depreciable Life
Land |  | Not depreciated
Building |  | 40 years
Building Improvements |  | 5-40 years
Tenant Improvements |  | Shorter of lease term or useful life
Leasing Costs |  | Lease term
In-place Leases |  | Lease term
Above/Below-Market Leases |  | Lease term
Schedule of Cash and Cash Equivalents and Restricted Cash | The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):
| For the Three Months Ended March 31,
| 2025 |  | 2024 |  |
Beginning |  |  |  |  |
Cash and cash equivalents at beginning of period | $ | 18,070 |  |  | $ | 165,400 |  |  |
Restricted cash | 282 |  |  | 836 |  |  |
Cash and cash equivalents and restricted cash | 18,352 |  |  | 166,236 |  |  |
Ending |  |  |  |  |
Cash and cash equivalents at end of period | 156,502 |  |  | 649,575 |  |  |
Restricted cash | 624 |  |  | 10,874 |  |  |
Cash and cash equivalents and restricted cash | 157,126 |  |  | 660,449 |  |  |
Net increase in cash and cash equivalents and restricted cash | $ | 138,774 |  |  | $ | 494,213 |  |  |
Schedule of Cash and Cash Equivalents and Restricted Cash | The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):
| For the Three Months Ended March 31,
| 2025 |  | 2024 |  |
Beginning |  |  |  |  |
Cash and cash equivalents at beginning of period | $ | 18,070 |  |  | $ | 165,400 |  |  |
Restricted cash | 282 |  |  | 836 |  |  |
Cash and cash equivalents and restricted cash | 18,352 |  |  | 166,236 |  |  |
Ending |  |  |  |  |
Cash and cash equivalents at end of period | 156,502 |  |  | 649,575 |  |  |
Restricted cash | 624 |  |  | 10,874 |  |  |
Cash and cash equivalents and restricted cash | 157,126 |  |  | 660,449 |  |  |
Net increase in cash and cash equivalents and restricted cash | $ | 138,774 |  |  | $ | 494,213 |  |  |

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