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Intangible Assets and Liabilities (Tables)
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets 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 $171,989 
Schedule of Intangible Liabilities At September 30, 2025 and December 31, 2024, intangible liabilities were the following ($ in thousands):
20252024
Below-market leases, net of accumulated amortization of $62,143 and $56,982 in 2025 and 2024, respectively
$121,494 $111,221 
Schedule of Amortization of Intangible Assets and Liabilities
The amortization of the above assets and liabilities are recorded as follows ($ 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 $4,495 
Expenses:
Depreciation and amortization (In-place leases)5,925 4,107 17,243 14,471 
Rental property operating and other expenses (Below-market ground leases)71 69 211 240 
Schedule of Aggregate Amortization of Intangible Assets and Liabilities
Over the next five years and thereafter, aggregate amortization of these intangible assets and liabilities is anticipated to be as follows ($ 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)