Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT PROPERTIES - Amortization (Details)

v3.23.3
INVESTMENT PROPERTIES - Amortization (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Acquired lease intangible assets, net          
Period from October 1 to December 31, 2023 $ 3,125   $ 3,125    
2024 12,497   12,497    
2025 12,497   12,497    
2026 12,497   12,497    
2027 12,497   12,497    
Thereafter 162,460   162,460    
Total 215,573   215,573   $ 228,529
Acquired below market lease intangibles          
Period from October 1 to December 31, 2023 1,387   1,387    
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 95,706   95,706   $ 101,920
Amortization of below market lease intangibles 1,387 $ 1,524 4,180 $ 4,860  
Above market lease intangibles          
Acquired lease intangible assets, net          
Period from October 1 to December 31, 2023 1,922   1,922    
2024 7,687   7,687    
2025 7,687   7,687    
2026 7,687   7,687    
2027 7,687   7,687    
Thereafter 99,926   99,926    
Total 132,596   132,596    
Acquired below market lease intangibles          
Amortization of lease intangible assets 1,933 2,000 5,847 6,001  
In-place lease value intangibles          
Acquired lease intangible assets, net          
Period from October 1 to December 31, 2023 1,203   1,203    
2024 4,810   4,810    
2025 4,810   4,810    
2026 4,810   4,810    
2027 4,810   4,810    
Thereafter 62,534   62,534    
Total 82,977   82,977    
Acquired below market lease intangibles          
Amortization of lease intangible assets $ 1,204 $ 1,299 $ 3,627 $ 3,999