Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT PROPERTIES - Amortization (Details)

v3.23.2
INVESTMENT PROPERTIES - Amortization (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2023 $ 6,330   $ 6,330    
2024 12,660   12,660    
2025 12,660   12,660    
2026 12,660   12,660    
2027 12,660   12,660    
Thereafter 164,577   164,577    
Total 221,547   221,547   $ 228,529
Acquired below market lease intangibles          
Period from July 1 to December 31, 2023 2,774   2,774    
2024 5,548   5,548    
2025 5,548   5,548    
2026 5,548   5,548    
2027 5,548   5,548    
Thereafter 72,127   72,127    
Total 97,093   97,093   $ 101,920
Amortization of below market lease intangibles 1,387 $ 1,668 2,793 $ 3,336  
Above market lease intangibles          
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2023 3,913   3,913    
2024 7,827   7,827    
2025 7,827   7,827    
2026 7,827   7,827    
2027 7,827   7,827    
Thereafter 101,747   101,747    
Total 136,968   136,968    
Acquired below market lease intangibles          
Amortization of lease intangible assets 1,957 2,000 3,913 4,000  
In-place lease value intangibles          
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2023 2,417   2,417    
2024 4,833   4,833    
2025 4,833   4,833    
2026 4,833   4,833    
2027 4,833   4,833    
Thereafter 62,830   62,830    
Total 84,579   84,579    
Acquired below market lease intangibles          
Amortization of lease intangible assets $ 1,208 $ 1,350 $ 2,423 $ 2,700