Annual report [Section 13 and 15(d), not S-K Item 405]

INVESTMENT PROPERTIES - Amortization (Details)

v3.25.4
INVESTMENT PROPERTIES - Amortization (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Acquired lease intangible assets, net      
2026 $ 11,397    
2027 11,397    
2028 11,397    
2029 11,397    
2030 11,397    
Thereafter 113,982    
Total 170,967 $ 191,262  
Acquired below market lease intangibles      
2026 4,412    
2027 4,412    
2028 4,412    
2029 4,412    
2030 4,412    
Thereafter 44,125    
Total 66,185 73,205  
Acquired lease intangible assets, net, accumulated amortization 56,288 46,819  
Acquired lease intangible liabilities, accumulated amortization 21,694 17,920  
Below market ground lease intangibles 4,448 5,111 $ 5,561
Above market lease intangibles      
Acquired lease intangible assets, net      
2026 7,137    
2027 7,137    
2028 7,137    
2029 7,137    
2030 7,137    
Thereafter 71,374    
Total 107,059    
Acquired below market lease intangibles      
Amortization of lease intangible assets 7,306 7,555 7,768
In-place lease value intangibles      
Acquired lease intangible assets, net      
2026 4,260    
2027 4,260    
2028 4,260    
2029 4,260    
2030 4,260    
Thereafter 42,608    
Total 63,908    
Acquired below market lease intangibles      
Amortization of lease intangible assets $ 4,362 $ 4,633 $ 4,827