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Acquisitions | 9 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Acquisitions | Acquisitions Operating Property Acquisitions During the nine months ended September 30, 2025, we acquired the operating property listed below from an unrelated third party:
Property |  | Date of Acquisition |  | Number of Buildings |  | Rentable Square Feet |  | Purchase Price (in millions) (1)
335-345 N. Maple Drive (Maple Plaza) |  | September 9, 2025 |  | 1 |  | 306,366 |  | $ | 205.3 |
________________________ (1)Excludes acquisition-related costs and purchase price credits. The related assets, liabilities, and results of operations of the acquired properties are included in the consolidated financial statements as of the date of acquisition. The following table summarizes the estimated relative fair values of the assets acquired and liabilities assumed as of the date of acquisition, excluding acquisition-related costs:
| Total 2025 Operating Property Acquisitions (1)
| (in thousands)
Assets |
Land and improvements | $ | 28,921 |
Buildings and improvements (2) | 143,833 |
Deferred leasing costs and acquisition-related intangible assets (3) | 31,865 |
Total assets acquired | $ | 204,619 |
Liabilities |
Acquisition-related intangible liabilities (4) | $ | 82 |
Total liabilities assumed | $ | 82 |
Net assets and liabilities acquired | $ | 204,537 |
________________________ (1)Represents purchase price net of credits. Excludes acquisition-related costs of $0.5 million. (2)Represents buildings, building improvements, and tenant improvements. (3)Represents in-place leases (approximately $28.7 million with a weighted average amortization period of 4.2 years) and above-market leases (approximately $3.2 million with a weighted average amortization period of 4.8 years). (4)Represents below-market leases (approximately $0.1 million with a weighted average amortization period of 1.4 years).

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- Definition The entire disclosure for asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805-50/tableOfContent + Details
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- References No definition available. + Details
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