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Intangible Assets
 6 Months Ended
Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
Intangibles, net represents in-place leases, purchased with acquired communities. A portion of purchase price for acquisitions have been allocated to in-place leases. The intangible assets are estimated to be amortized over the straight-line method over their estimated useful lives as of the date of acquisition. The intangibles, net balance is as follows (in thousands):
June 30,
2025		December 31,
2024		Weighted Average Life Remaining (in years)
In-place leases, gross$32,699 $28,960 
Accumulated amortization(9,126)(4,434)
Intangibles, net$23,573 $24,526 2.3
Amortization expense for intangible assets was $2.3 million and $0.3 million for the three months ended June 30, 2025 and 2024, respectively, and $4.7 million and $0.4 million for the six months ended June 30, 2025 and 2024, respectively. Expected future amortization expense of intangible assets as of June 30, 2025 is as follows (in thousands):
Future amortization:
2025, remaining$5,163 
202610,327 
20277,564 
2028519 
Total Amortization$23,573