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Intangible Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2024
Intangible Assets And Liabilities |
Schedule of Intangible Assets And Liabilities | The following table summarizes our intangible assets and liabilities (amounts in thousands): Schedule of Intangible Assets And Liabilities
|  | December 31, |
|  | 2024 |  |  | 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Finite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
In-place leases |  | $ | 2,871 |  |  | $ | (1,188 | ) |  | $ | 1,683 |  |  | $ | 3,513 |  |  | $ | (1,699 | ) |  | $ | 1,814 |
Indefinite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Development rights |  |  | 5,659 |  |  |  | — |  |  |  | 5,659 |  |  |  | 5,659 |  |  |  | — |  |  |  | 5,659 |
Total intangible assets |  | $ | 8,530 |  |  | $ | (1,188 | ) |  | $ | 7,342 |  |  | $ | 9,172 |  |  | $ | (1,699 | ) |  | $ | 7,473 |
Finite-Lived Intangible Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Below-market leases |  | $ | (1,743 | ) |  | $ | 518 |  |  | $ | (1,225 | ) |  | $ | (2,100 | ) |  | $ | 776 |  |  | $ | (1,324 | )
Total intangible liabilities |  | $ | (1,743 | ) |  | $ | 518 |  |  | $ | (1,225 | ) |  | $ | (2,100 | ) |  | $ | 776 |  |  | $ | (1,324 | )
Schedule of Annual Net Amortization of Intangibles | Based on the intangible assets and liabilities recorded as of December 31, 2024, scheduled annual net amortization of intangibles for the next five calendar years and thereafter is as follows (amounts in thousands): Schedule of Annual Net Amortization of Intangibles
Years Ending December 31, |  | Increase in Rental Revenue |  |  | Increase to Amortization |  |  | Net |
2025 |  | $ | (80 | ) |  | $ | 114 |  |  | $ | 34 |
2026 |  |  | (80 | ) |  |  | 114 |  |  |  | 34 |
2027 |  |  | (80 | ) |  |  | 114 |  |  |  | 34 |
2028 |  |  | (80 | ) |  |  | 114 |  |  |  | 34 |
2029 |  |  | (80 | ) |  |  | 114 |  |  |  | 34 |
Thereafter |  |  | (825 | ) |  |  | 1,113 |  |  |  | 288 |
|  | $ | (1,225 | ) |  | $ | 1,683 |  |  | $ | 458 |

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