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Acquired Lease Intangibles
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Lease Intangibles Acquired Lease Intangibles
Summary of our Acquired Lease Intangibles

 (In thousands)September 30, 2025December 31, 2024
Above-market tenant leases$6,857 $4,338 
Above-market tenant leases - accumulated amortization(2,652)(2,694)
Above-market ground lease where we are the lessor1,152 1,152 
Above-market ground lease - accumulated amortization(321)(309)
Acquired lease intangible assets, net$5,036 $2,487 
Below-market tenant leases$31,482 $34,704 
Below-market tenant leases - accumulated accretion(21,755)(23,373)
Acquired lease intangible liabilities, net$9,727 $11,331 


Impact on the Consolidated Statements of Operations

The table below summarizes the net amortization/accretion related to our above- and below-market leases:

 Three Months Ended September 30,Nine Months Ended September 30,
 (In thousands)2025202420252024
Net accretion of above- and below-market tenant lease assets and liabilities(1)
$1,065 $1,941 $3,695 $6,275 
Amortization of an above-market ground lease asset(2)
(5)(5)(13)(13)
Total$1,060 $1,936 $3,682 $6,262 
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(1)    Recorded as a net increase to office and multifamily rental revenues.
(2)    Recorded as a decrease to office parking and other income.