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 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2026 $ 5,692   $ 5,692    
2027 11,397   11,397    
2028 11,397   11,397    
2029 11,397   11,397    
2030 11,397   11,397    
Thereafter 113,982   113,982    
Lease intangible assets, net 165,262   165,262   $ 170,967
Acquired below market lease intangibles          
Period from July 1 to December 31, 2026 2,206   2,206    
2027 4,412   4,412    
2028 4,412   4,412    
2029 4,412   4,412    
2030 4,412   4,412    
Thereafter 44,125   44,125    
Lease intangible liabilities, net 63,979   63,979   66,185
Acquired lease intangible assets, net, accumulated amortization 61,993   61,993   56,288
Acquired lease intangible liabilities, accumulated amortization 23,900   23,900   $ 21,694
Amortization of below market lease intangibles 1,102 $ 1,102 2,207 $ 2,242  
Above market lease intangibles          
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2026 3,566   3,566    
2027 7,137   7,137    
2028 7,137   7,137    
2029 7,137   7,137    
2030 7,137   7,137    
Thereafter 71,374   71,374    
Lease intangible assets, net 103,488   103,488    
Acquired below market lease intangibles          
Amortization of lease intangible assets 1,784 1,833 3,569 3,705  
In-place lease value intangibles          
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2026 2,126   2,126    
2027 4,260   4,260    
2028 4,260   4,260    
2029 4,260   4,260    
2030 4,260   4,260    
Thereafter 42,608   42,608    
Lease intangible assets, net 61,774   61,774    
Acquired below market lease intangibles          
Amortization of lease intangible assets $ 1,068 $ 1,089 $ 2,136 $ 2,199