XML 46 R34.htm IDEA: XBRL DOCUMENT v3.25.1
OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024 is as follows (in thousands):
March 31, 2025December 31, 2024
Intangible assets:
Acquired in-place leases, net of accumulated amortization of $2,890 and $5,195, respectively, with an average useful life of 3 and 6 years, respectively.
$531 $610 
Acquired above-market leases, net of accumulated amortization of $37 and $36, respectively, with an average useful life of 0 and 7 years, respectively.
— 
Trade name and license2,957 2,957 
Total intangible assets, net$3,488 $3,568 
Schedule of Amortization of Acquired Leases
During the three months ended March 31, 2025 and 2024, the Company recognized amortization related to its intangible assets and liabilities as follows (in thousands):
Three Months Ended March 31,
20252024
Acquired above-market lease amortization$$
Acquired in-place lease amortization$79 $94 
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 March 31, 2025, is as follows (in thousands):
 Assets
Years Ending December 31,Acquired
In-Place
Leases
2025 (Nine months ended December 31, 2025)$91 
2026123 
2027123 
2028122 
202972 
Thereafter— 
$531