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Intangible Assets
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
Intangible assets consist of lease intangibles for leases acquired with lease rates above market in a business combination. The following table summarizes the amortization of intangible assets as of September 30, 2023 (in thousands):
Year ending December 31,Total Intangible Assets
2023 (Remaining 3 months)$876 
2024$1,963 
Total$2,839 
Amortization expense related to intangible assets was $1.2 million and $3.8 million for the three and nine months ended September 30, 2023, respectively and $2.6 million and $8.0 million for the three and nine months ended September 30, 2022, respectively.