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Intangible Assets and Liabilities
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND LIABILITIES INTANGIBLE ASSETS AND LIABILITIES
At September 30, 2025 and December 31, 2024, intangible assets included the following ($ in thousands):
20252024
In-place leases, net of accumulated amortization of $134,072 and $135,945
in 2025 and 2024, respectively
$141,722 $139,704 
Below-market ground leases, net of accumulated amortization of $2,784 and
$2,572 in 2025 and 2024, respectively
16,469 16,681 
Above-market leases, net of accumulated amortization of $23,774 and $24,190
in 2025 and 2024, respectively
11,856 13,930 
      Goodwill1,674 1,674 
$171,721 $171,989 

At September 30, 2025 and December 31, 2024, intangible liabilities were the following ($ in thousands):
20252024
Below-market leases, net of accumulated amortization of $62,143 and $56,982 in 2025 and 2024, respectively
$121,494 $111,221 

The amortization of the above assets and liabilities are recorded as follows ($ in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenues:
Rental property revenues, net (Below-market and Above-market leases)$3,398 $1,476 $9,024 $4,495 
Expenses:
Depreciation and amortization (In-place leases)5,925 4,107 17,243 14,471 
Rental property operating and other expenses (Below-market ground leases)71 69 211 240 
Over the next five years and thereafter, aggregate amortization of these intangible assets and liabilities is anticipated to be as follows ($ in thousands):
In-Place 
Leases		Below-Market Ground LeasesAbove-Market LeasesBelow-Market
Leases
2025 (three months)$6,038 $71 $673 $(4,360)
202621,950 282 2,417 (15,037)
202718,286 282 1,830 (12,618)
202816,027 282 1,718 (12,274)
202914,630 282 1,449 (11,870)
Thereafter64,791 15,270 3,769 (65,335)
$141,722 $16,469 $11,856 $(121,494)