Quarterly report pursuant to Section 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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2024 $ 6,101   $ 6,101    
2025 12,203   12,203    
2026 12,203   12,203    
2027 12,203   12,203    
2028 12,203   12,203    
Thereafter 146,438   146,438    
Total 201,351   201,351   $ 212,001
Acquired below market lease intangibles          
Period from July 1 to December 31, 2024 2,589   2,589    
2025 5,177   5,177    
2026 5,177   5,177    
2027 5,177   5,177    
2028 5,177   5,177    
Thereafter 62,127   62,127    
Total 85,424   85,424   93,078
Acquired lease intangible assets, net, accumulated amortization 41,694   41,694   36,373
Acquired lease intangible liabilities, accumulated amortization 17,689   17,689   $ 15,969
Amortization of below market lease intangibles 1,306 $ 1,387 2,655 $ 2,793  
Above market lease intangibles          
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2024 3,775   3,775    
2025 7,550   7,550    
2026 7,550   7,550    
2027 7,550   7,550    
2028 7,550   7,550    
Thereafter 90,607   90,607    
Total 124,582   124,582    
Acquired below market lease intangibles          
Amortization of lease intangible assets 1,888 1,957 3,798 3,913  
In-place lease value intangibles          
Acquired lease intangible assets, net          
Period from July 1 to December 31, 2024 2,326   2,326    
2025 4,653   4,653    
2026 4,653   4,653    
2027 4,653   4,653    
2028 4,653   4,653    
Thereafter 55,831   55,831    
Total 76,769   76,769    
Acquired below market lease intangibles          
Amortization of lease intangible assets $ 1,173 $ 1,208 $ 2,362 $ 2,423