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Acquisitions and Dispositions (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Combination and Dispositions [Abstract] |
Schedule of Purchase Price Allocations | The following table summarizes the purchase price allocations of these acquisitions (amounts in thousands):
|  |  |  | Intangibles |
Property | Date Acquired | Land | Building and Improvements | Assets | Liabilities | Total
The North 6th Street Collection(1) | 6/30/2025 | $ | 11,243 |  | $ | 20,458 |  | $ | — |  | $ | — |  | $ | 31,701 |
The North 6 th Street Collection(2) | September 2024-October 2024 | 44,924 |  | 146,826 |  | 10,984 |  | (9,664) |  | 193,070 |
(1) Includes two retail properties on North 6 th Street in Williamsburg, Brooklyn. Includes capitalized transaction costs of $0.7 million. (2) Includes nine retail properties on North 6 th Street in Williamsburg, Brooklyn. Includes capitalized transaction costs of $(1.9) million, net of certain closing credits.
Schedule of Property Dispositions | The following table summarizes properties disposed of during the six and twelve months ended June 30, 2025 and December 31, 2024, respectively (amounts in thousands):
Property | Date of Disposal | Sales Price(1) | Gain on Disposition(2)
First Stamford Place, Stamford, Connecticut | 5/22/2024 | $ | 165,807 |  | $ | 26,472 |
(1) We transferred First Stamford Place, which was encumbered by mortgage and other debt obligations of $165.8 million back to the lender in a consensual foreclosure and recognized non-cash gain upon the disposition. (2) Gain on disposition includes $13.2 million and $13.3 million for the three months ended March 31, 2025 and the year ended December 31, 2024, respectively.

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