XML 46 R33.htm IDEA: XBRL DOCUMENT v3.24.2.u1
OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Liabilities and Related Accumulated Amortization and Accretion
A schedule of the Company’s intangible assets and liabilities and related accumulated amortization and accretion as of June 30, 2024 and December 31, 2023 is as follows (in thousands):
June 30, 2024December 31, 2023
Intangible assets:
Acquired in-place leases, net of accumulated amortization of $5,008 and $4,821, respectively, both with an average useful life of 6 years, respectively.
$797 $984 
Acquired above-market leases, net of accumulated amortization of $33 and $30, respectively, both with an average useful life of 7 years, respectively
Trade name and license2,957 2,957 
Total intangible assets, net$3,758 $3,948 
Schedule of Amortization of Acquired Leases
During the three and six months ended June 30, 2024 and 2023, the Company recognized amortization related to its intangible assets and liabilities as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Acquired above-market lease amortization$$34 $$58 
Acquired in-place lease amortization$93 $14,005 $187 $18,132 
Acquired below-market lease amortization$— $141 $— $150 
Schedule of Future Amortization and Accretion of Acquired Intangible Assets and Liabilities
A schedule of future amortization and accretion of acquired intangible assets and liabilities as of June 30, 2024, is as follows (in thousands):
 Assets
Years Ending December 31,Acquired
Above-Market
Leases
Acquired
In-Place
Leases
2024 (Six months ended December 31, 2024)$$186 
2025171 
2026— 123 
2027— 123 
2028— 122 
Thereafter— 72 
$$797