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Real Estate Investments and Related Intangibles (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Fair Values of the Assets Acquired and Liabilities Assumed
The following table presents the allocation of the purchase consideration and capitalized transaction costs to the assets acquired and liabilities assumed based on their relative fair values during the six months ended June 30, 2026 (in thousands):
Real estate investment, at cost:
Land$2,724 
Building, fixtures and improvements5,041 
Total real estate investment, at cost7,765 
Acquired intangible assets:
Intangible lease asset6,421 
Net assets acquired$14,186 
Schedule of Property Dispositions
The following table summarizes the Company’s property dispositions during the periods indicated below (dollars in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Total dispositions8 4 10 4 
Aggregate gross sales price$70,600 $26,930 $83,700 $26,930 
Gain on disposition of real estate assets$28,826 $891 $28,826 $891 
Property count8 3 10 3 
Impairments on disposition of real estate assets$— $1,165 $— $1,165 
Property count— 1 — 1 
Schedule of Intangible Lease Assets and Liabilities
Intangible lease assets and liabilities consisted of the following as of the dates indicated below (in thousands, except weighted average useful life as of June 30, 2026):
Weighted Average Useful Life (Years)June 30, 2026December 31, 2025
Intangible lease assets:
In-place leases, net of accumulated amortization of $149,712 and $152,989, respectively
11.5$40,059 $43,906 
Leasing commissions, net of accumulated amortization of $7,776 and $7,522, respectively
12.528,958 25,171 
Above-market lease assets, net of accumulated amortization of $12,584 and $12,451, respectively
13.3797 1,194 
Deferred lease incentives, net of accumulated amortization of $1,563 and $1,295, respectively
12.38,058 5,676 
Total intangible lease assets, net$77,872 $75,947 
Intangible lease liabilities:
Below-market lease liabilities, net of accumulated amortization of $21,231 and $20,211, respectively
15.3$17,429 $18,449 
Schedule of Amortization Expenses
The following table summarizes amortization recognized on the Company’s intangible lease assets and liabilities during the periods indicated below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Amortization of in-place leases and leasing commissions included in depreciation and amortization expense$5,392 $6,692 $10,670 $14,425 
Amortization of above-market lease assets and below-market lease liabilities included as a net increase to rental revenue$312 $321 $624 $675 
Amortization of deferred lease incentives included as a net decrease to rental revenue$221 $115 $383 $219 
Schedule of Future Amortization Expense of Intangible Lease Assets and Liabilities
The following table provides the projected amortization expense and adjustments to rental revenue related to the intangible lease assets and liabilities for the next five years as of June 30, 2026 (in thousands):
Remainder of 202620272028202920302031
In-place leases:
Total projected to be included in amortization expense$6,453 $7,944 $5,902 $3,182 $2,761 $2,387 
Leasing commissions:
Total projected to be included in amortization expense$1,653 $3,258 $2,961 $2,669 $2,643 $2,581 
Above-market lease assets:
Total projected to be deducted from rental revenue$284 $237 $115 $63 $63 $34 
Deferred lease incentives:
Total projected to be deducted from rental revenue$404 $808 $795 $784 $781 $779 
Below-market lease liabilities:
Total projected to be added to rental revenue$908 $1,766 $1,682 $1,500 $1,425 $1,135 
Schedule of Company's Investment in Joint Venture
The following is a summary of the Company’s investment in the Unconsolidated Joint Venture, as of the dates and for the periods indicated below (dollars in thousands):
Ownership % (1)
Number of PropertiesCarrying Value of
Investment		Equity in Loss of Unconsolidated Joint Venture, Net
Six Months Ended
InvestmentJune 30, 2026June 30, 2026December 31, 2025June 30, 2026June 30, 2025
Unconsolidated Joint Venture20%6$— $— $— $(517)
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(1)The Company’s ownership interest reflects its legal ownership interest. The Company’s legal ownership interest may, at times, not equal the Company’s economic interest because of various provisions in the joint venture agreement regarding capital contributions, distributions of cash flow based on capital account balances and allocations of profits and losses. As a result, the Company’s actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interest.