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Intangible Assets, Liabilities, and Deferred Leasing Costs
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Liabilities, and Deferred Leasing Costs Intangible Assets, Liabilities, and Deferred Leasing Costs
The following table summarizes the Company's intangible assets, intangible liabilities, and deferred leasing costs:
As of December 31
20252024
Intangible assets:
In-place leases$289,721 $216,175 
Above-market leases16,970 16,053 
Intangible assets306,691 232,228 
Accumulated amortization:
In-place leases(104,186)(87,104)
Above-market leases(8,542)(7,704)
Accumulated amortization(112,728)(94,808)
Intangible assets, net$193,963 $137,420 
Intangible liabilities:
Below-market leases$91,953 $65,776 
Accumulated amortization(23,478)(22,879)
Intangible liabilities, net$68,475 $42,897 
Deferred leasing costs:
Leasing costs$26,410 $25,132 
Accumulated amortization(10,170)(8,993)
Deferred leasing costs, net$16,240 $16,139 

The following table summarizes the amortization related to intangible assets, intangible liabilities, and deferred leasing costs:
Year ended December 31
202520242023
Intangible assets:
In-place leases$36,655 $28,133 $32,179 
Above-market leases2,309 2,452 2,977 
Amortization of intangible assets$38,964 $30,585 $35,156 
Intangible liabilities:
Amortization of below-market leases$6,273 $4,879 $5,976 
Deferred leasing costs:
Amortization of deferred leasing costs$3,153 $3,213 $2,691 

The following table summarizes the amortization during the next five years and thereafter related to intangible assets, intangible liabilities, and deferred leasing costs as of December 31, 2025:
Year ending December 31,In-place leasesAbove-market leasesBelow-market leasesDeferred leasing costs
2026$37,418 $2,080 $6,987 $2,628 
202729,831 1,600 6,198 2,386 
202824,941 1,236 5,705 2,109 
202919,212 868 5,271 1,852 
203015,375 737 5,082 1,583 
Thereafter58,758 1,907 39,232 5,682 
Total$185,535 $8,428 $68,475 $16,240