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Intangible Assets and Below Market Lease Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Total Intangible Assets and Below Market Lease Liabilities | The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:
| March 31, 2025 |  | December 31, 2024
Assets: |  |  |
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) | $ | 386,249 |  |  | $ | 380,279 |
Less accumulated amortization | (161,824) |  |  | (170,312) |
| $ | 224,425 |  |  | $ | 209,967 |
Liabilities (in accounts payable, accrued expenses and other liabilities): |  |  |
Acquisition-related below market lease liabilities | $ | 31,178 |  |  | $ | 37,482 |
Less accumulated amortization | (15,744) |  |  | (21,296) |
| $ | 15,434 |  |  | $ | 16,186 |
Amortization of Intangible Assets and Below Market Lease Liabilities | The following table sets forth amortization of intangible assets and below market lease liabilities:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) |  |  |  |  | $ | 9,004 |  |  | $ | 9,645 |
Amortization of lease incentives (in rental and other revenues) |  |  |  |  | $ | 645 |  |  | $ | 693 |
Amortization of acquisition-related above market lease intangible assets (in rental and other revenues) |  |  |  |  | $ | 598 |  |  | $ | 802 |
Amortization of acquisition-related below market lease liabilities (in rental and other revenues) |  |  |  |  | $ | (752) |  |  | $ | (1,144) |
Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities | The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:
|  |  |  | Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) |  | Amortization of Lease Incentives (in Rental and Other Revenues) |  | Amortization of Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues) |  |  |  | Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
April 1 through December 31, 2025 |  |  |  | $ | 28,253 |  |  | $ | 1,766 |  |  | $ | 1,833 |  |  |  |  | $ | (1,973) |
2026 |  |  |  | 33,590 |  |  | 2,120 |  |  | 2,161 |  |  |  |  | (2,431) |
2027 |  |  |  | 29,328 |  |  | 1,884 |  |  | 1,680 |  |  |  |  | (2,062) |
2028 |  |  |  | 25,322 |  |  | 1,675 |  |  | 1,544 |  |  |  |  | (1,649) |
2029 |  |  |  | 22,549 |  |  | 1,388 |  |  | 1,432 |  |  |  |  | (1,377) |
Thereafter |  |  |  | 59,894 |  |  | 4,426 |  |  | 3,580 |  |  |  |  | (5,942) |
|  |  |  | $ | 198,936 |  |  | $ | 13,259 |  |  | $ | 12,230 |  |  |  |  | $ | (15,434) |
Weighted average remaining amortization periods as of March 31, 2025 (in years) |  |  |  | 7.3 |  | 7.8 |  | 6.9 |  |  |  | 7.9
Total Intangible Assets from Acquisition Activity | The following table sets forth the intangible assets acquired as a result of the acquisition of Advance Auto Parts Tower in the first quarter of 2025:
|  |  |  | Acquisition-Related Above Market Lease Intangible Assets (amortized in Rental and Other Revenues) |  | Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization) |  |
Amount recorded at acquisition |  |  |  | $ | 1,656 |  |  | $ | 16,445 |  |  |
Weighted average remaining amortization periods as of March 31, 2025 (in years) |  |  |  | 8.3 |  | 8.0 |  |

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