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Other Assets and Intangibles, net | 9 Months Ended
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Sep. 30, 2025
Other Assets [Abstract] |
Other Assets and Intangibles, net | 3. Other Assets and Intangibles, net Other assets and intangibles consist of the following (in thousands):
| September 30, 2025 |
| Asset |  |  | Accumulated Amortization |  |  | Net |
Intangible assets, net: |  |  |  |  |  |  |  |
In-place leases | $ | 28,130 |  |  | $ | (21,308 | ) |  | $ | 6,822 |
Above-market leases |  | 2,075 |  |  |  | (1,793 | ) |  |  | 282 |
Lease origination costs |  | 3,231 |  |  |  | (2,537 | ) |  |  | 694 |
Tenant relationships |  | 12,489 |  |  |  | (9,690 | ) |  |  | 2,799 |
Total intangible assets, net |  | 45,925 |  |  |  | (35,328 | ) |  |  | 10,597 |
Operating lease ROU assets |  |  |  |  |  |  |  | 14,986 |
Other assets: |  |  |  |  |  |  |  |
Prepaid expenses |  |  |  |  |  |  |  | 5,312 |
Other assets |  |  |  |  |  |  |  | 1,228 |
Deposits |  |  |  |  |  |  |  | 1,806 |
Total other assets, net |  |  |  |  |  |  | $ | 33,929 |
| Liability |  |  | Accumulated Amortization |  |  | Net |
Below-market leases | $ | 9,144 |  |  | $ | (2,695 | ) |  | $ | 6,449 |
| December 31, 2024 |
| Asset |  |  | Accumulated Amortization |  |  | Net |
Intangible assets, net: |  |  |  |  |  |  |  |
In-place leases | $ | 53,964 |  |  | $ | (45,641 | ) |  | $ | 8,323 |
Above-market leases |  | 3,855 |  |  |  | (3,492 | ) |  |  | 363 |
Lease origination costs |  | 5,732 |  |  |  | (4,884 | ) |  |  | 848 |
Tenant relationships |  | 23,894 |  |  |  | (20,487 | ) |  |  | 3,407 |
Total intangible assets, net |  | 87,445 |  |  |  | (74,504 | ) |  |  | 12,941 |
Operating lease ROU assets |  |  |  |  |  |  |  | 15,818 |
Other assets: |  |  |  |  |  |  |  |
Prepaid expenses |  |  |  |  |  |  |  | 4,283 |
Other assets |  |  |  |  |  |  |  | 1,192 |
Deposits |  |  |  |  |  |  |  | 2,051 |
Total other assets, net |  |  |  |  |  |  | $ | 36,285 |
| Liability |  |  | Accumulated Amortization |  |  | Net |
Below-market leases | $ | 16,034 |  |  | $ | (6,728 | ) |  | $ | 9,306 |
Amortization for the three and nine months ended September 30, 2025 and 2024 related to the Company’s intangibles was as follows (in thousands):
Period |  | Income |  |  | Expense |
Three months ended September 30, 2025 |  | $ | 123 |  |  | $ | 598 |
Three months ended September 30, 2024 |  |  | 488 |  |  |  | 1,701 |
Nine months ended September 30, 2025 |  |  | 429 |  |  |  | 2,070 |
Nine months ended September 30, 2024 |  |  | 1,270 |  |  |  | 6,582 |

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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