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Deferred Costs, Acquired Lease Intangibles and Goodwill (Tables) | 6 Months Ended
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Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of Deferred Costs, Net | Deferred costs, net, consisted of the following:
(amounts in thousands) | June 30, 2025 |  | December 31, 2024
Deferred leasing costs | $ | 224,592 |  |  | $ | 230,836 |
Acquired in-place lease value, acquired deferred leasing costs and deferred acquisition costs | 137,329 |  |  | 137,580 |
Acquired above-market leases | 19,589 |  |  | 19,636 |
Total deferred costs, excluding deferred financing costs | 381,510 |  |  | 388,052 |
Less: accumulated amortization | (208,099) |  |  | (212,972) |
Total deferred costs, net, excluding net deferred financing costs | 173,411 |  |  | 175,080 |
Deferred financing costs, net, of accumulated amortization of $8,841 and $7,783, respectively (See Note 5) | 8,283 |  |  | 8,907 |
Total deferred costs, net | $ | 181,694 |  |  | $ | 183,987 |
Deferred financing costs, net, consisted of the following:
(amounts in thousands) |  | June 30, 2025 |  | December 31, 2024
Deferred financing costs, included as a component of net debt |  | $ | 16,121 |  |  | $ | 36,309 |
Deferred financings costs, included as a component of net deferred costs (See Note 4) |  | 17,124 |  |  | 16,638 |
Total deferred financing costs |  | $ | 33,245 |  |  | $ | 52,947 |
Less: accumulated amortization |  | (15,955) |  |  | (33,970) |
Total deferred financing costs, net |  | $ | 17,290 |  |  | $ | 18,977 |
The total amortization expense related to deferred financing costs consisted of the following:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(amounts in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Amortization of deferred financing costs | $ | 1,080 |  |  | $ | 1,050 |  |  | $ | 2,174 |  |  | $ | 2,069 |
Schedule of Amortizing Acquired Intangible Assets and Liabilities | Acquired below-market ground leases, net, consisted of the following:
(amounts in thousands) | June 30, 2025 |  | December 31, 2024
Acquired below-market ground leases | $ | 396,916 |  |  | $ | 396,916 |
Less: accumulated amortization | (87,421) |  |  | (83,506) |
Acquired below-market ground leases, net | $ | 309,495 |  |  | $ | 313,410 |
Acquired below-market leases, net, consisted of the following:
(amounts in thousands) | June 30, 2025 |  | December 31, 2024
Acquired below-market leases | $ | (56,359) |  |  | $ | (56,359) |
Less: accumulated amortization | 39,278 |  |  | 36,862 |
Acquired below-market leases, net | $ | (17,081) |  |  | $ | (19,497) |
Schedule of Amortization Related to Deferred Costs and Acquired Lease Intangibles | The total amortization related to deferred costs and acquired lease intangibles consisted of the following:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(amounts in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Rental revenue: |  |  |  |  |  |  |
Amortization of below-market leases, net of above-market leases | $ | 840 |  |  | $ | 513 |  |  | $ | 1,638 |  |  | $ | 1,027 |
Depreciation and amortization: |  |  |  |  |  |  |
Amortization of deferred leasing costs and acquired deferred leasing costs | 5,128 |  |  | 5,231 |  |  | 10,497 |  |  | 11,018 |
Amortization related to acquired in-place lease value | 1,415 |  |  | 1,234 |  |  | 2,823 |  |  | 2,520 |

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- Definition Schedule of Amortizing Acquired Intangible Assets and Liabilities [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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