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Intangible Assets and Liabilities | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Liabilities | Intangible Assets and Liabilities In-place lease intangibles, at cost are included in In-place lease intangible assets and other in the consolidated financial statements. Above-market rent intangibles, at cost are included in Above-market rent intangible assets in the consolidated financial statements. Accumulated amortization of in-place lease and above-market rent intangibles is included in Accumulated depreciation and amortization in the consolidated financial statements. Below-market rent intangibles are included in Below-market rent intangible liabilities, net in the consolidated financial statements. Intangible assets and liabilities are summarized as follows (in thousands):
| June 30, 2025 |  | December 31, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Finite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |
In-place lease | $ | 190,054 |  |  | $ | (121,177) |  |  | $ | 68,877 |  |  | $ | 207,988 |  |  | $ | (123,040) |  |  | $ | 84,948 |
Above-market rent | 29,742 |  |  | (18,946) |  |  | 10,796 |  |  | 30,512 |  |  | (17,572) |  |  | 12,940 |
Total intangible assets | $ | 219,796 |  |  | $ | (140,123) |  |  | $ | 79,673 |  |  | $ | 238,500 |  |  | $ | (140,612) |  |  | $ | 97,888 |
Finite-Lived Intangible Liabilities |  |  |  |  |  |  |  |  |  |  |
Below-market rent | $ | (14,824) |  |  | $ | 10,839 |  |  | $ | (3,985) |  |  | $ | (18,856) |  |  | $ | 12,551 |  |  | $ | (6,305) |
Total intangible liabilities | $ | (14,824) |  |  | $ | 10,839 |  |  | $ | (3,985) |  |  | $ | (18,856) |  |  | $ | 12,551 |  |  | $ | (6,305) |
Net amortization of intangibles, including the effect of foreign currency translation, was $5.5 million and $9.8 million for the three months ended June 30, 2025 and 2024, respectively, and $10.9 million and $21.5 million for the six months ended June 30, 2025 and 2024, respectively. Amortization of below-market rent and above-market rent intangibles is recorded as an adjustment to Lease revenues and amortization of in-place lease intangibles is included in Depreciation and amortization.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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