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Deferred Costs, Acquired Lease Intangibles and Goodwill (Tables)
9 Months Ended
Sep. 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)September 30, 2025December 31, 2024
Deferred leasing costs$226,090 $230,836 
Acquired in-place lease value, acquired deferred leasing costs and deferred acquisition costs137,333 137,580 
Acquired above-market leases19,553 19,636 
Total deferred costs, excluding deferred financing costs382,976 388,052 
Less: accumulated amortization(213,424)(212,972)
Total deferred costs, net, excluding net deferred financing costs169,552 175,080 
Deferred financing costs, net, of accumulated amortization of $9,369 and $7,783, respectively (See Note 5)
7,755 8,907 
Total deferred costs, net$177,307 $183,987 
Deferred financing costs, net, consisted of the following:
(amounts in thousands)September 30, 2025December 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(17,037)(33,970)
Total deferred financing costs, net$16,208 $18,977 
The total amortization expense related to deferred financing costs consisted of the following:
Three Months Ended September 30,Nine Months Ended September 30,
(amounts in thousands)2025202420252024
Amortization of deferred financing costs$1,082 $1,110 $3,256 $3,179 
Schedule of Amortizing Acquired Intangible Assets and Liabilities
Acquired below-market ground leases, net, consisted of the following:
(amounts in thousands)September 30, 2025December 31, 2024
Acquired below-market ground leases$396,916 $396,916 
Less: accumulated amortization(89,379)(83,506)
Acquired below-market ground leases, net$307,537 $313,410 
Acquired below-market leases, net, consisted of the following:
(amounts in thousands)September 30, 2025December 31, 2024
Acquired below-market leases$(56,359)$(56,359)
Less: accumulated amortization40,484 36,862 
Acquired below-market leases, net$(15,875)$(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 September 30,Nine Months Ended September 30,
(amounts in thousands)2025202420252024
Rental revenue:
Amortization of below-market leases, net of above-market leases$821 $476 $2,459 $1,503 
Depreciation and amortization:
Amortization of deferred leasing costs and acquired deferred leasing costs5,081 5,930 15,578 16,948 
Amortization related to acquired in-place lease value1,406 1,144 4,229 3,663