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v3.25.1

Real Estate, Real Estate-Related Intangibles and Real Estate Available and Held for Sale - Intangibles (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items] |  |  |  |
Gross Intangible |  | $ 256,383 |  | $ 256,383
Accumulated Amortization |  | (49,033) |  | (47,652)
Carrying Value | [1] | 207,350 |  | 208,731
Below-market lease liabilities - Gross Intangible |  | 68,618 |  | 68,618
Below-market lease liabilities - Accumulated Amortization |  | (5,904) |  | (5,696)
Below-market lease liabilities - Carrying Value | [1] | 62,714 |  | 62,922
Above-market lease assets, net |  |  |  |
Finite-Lived Intangible Assets [Line Items] |  |  |  |
Gross Intangible |  | 186,002 |  | 186,002
Accumulated Amortization |  | (22,307) |  | (21,524)
Carrying Value |  | 163,695 |  | 164,478
Above-market lease assets, net | Operating Lease Income |  |  |  |
Finite-Lived Intangible Assets [Line Items] |  |  |  |
Amortization of intangible assets |  | 784 | $ 784 |
In-place lease assets, net |  |  |  |
Finite-Lived Intangible Assets [Line Items] |  |  |  |
Gross Intangible |  | 69,631 |  | 69,631
Accumulated Amortization |  | (26,672) |  | (26,076)
Carrying Value |  | 42,959 |  | 43,555
In-place lease assets, net | Depreciation and amortization |  |  |  |
Finite-Lived Intangible Assets [Line Items] |  |  |  |
Amortization of intangible assets |  | 595 | 876 |
Below-market lease | Operating Lease Income |  |  |  |
Finite-Lived Intangible Assets [Line Items] |  |  |  |
Amortization of real estate related intangible liabilities |  | 208 | 208 |
Other intangible assets, net |  |  |  |
Finite-Lived Intangible Assets [Line Items] |  |  |  |
Gross Intangible |  | 750 |  | 750
Accumulated Amortization |  | (54) |  | (52)
Carrying Value |  | 696 |  | $ 698
Other intangible assets, net | Operating Lease Income |  |  |  |
Finite-Lived Intangible Assets [Line Items] |  |  |  |
Amortization of intangible assets |  | $ 2 | $ 2 |
[1] | Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).

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