Quarterly report [Sections 13 or 15(d)]

INVESTMENT PROPERTIES - Amortization (Details)

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INVESTMENT PROPERTIES - Amortization (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Acquired lease intangible assets, net      
Period from April 1 to December 31, 2025 $ 8,768    
2026 11,691    
2027 11,691    
2028 11,691    
2029 11,691    
Thereafter 128,595    
Total 184,127   $ 191,262
Acquired below market lease intangibles      
Period from April 1 to December 31, 2025 3,309    
2026 4,412    
2027 4,412    
2028 4,412    
2029 4,412    
Thereafter 48,537    
Total 69,494   73,205
Acquired lease intangible assets, net, accumulated amortization 48,711   46,819
Acquired lease intangible liabilities, accumulated amortization 18,385   $ 17,920
Amortization of below market lease intangibles 1,139 $ 1,349  
Above market lease intangibles      
Acquired lease intangible assets, net      
Period from April 1 to December 31, 2025 5,500    
2026 7,333    
2027 7,333    
2028 7,333    
2029 7,333    
Thereafter 80,663    
Total 115,495    
Acquired below market lease intangibles      
Amortization of lease intangible assets 1,872 1,910  
In-place lease value intangibles      
Acquired lease intangible assets, net      
Period from April 1 to December 31, 2025 3,268    
2026 4,358    
2027 4,358    
2028 4,358    
2029 4,358    
Thereafter 47,932    
Total 68,632    
Acquired below market lease intangibles      
Amortization of lease intangible assets $ 1,109 $ 1,190