Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT PROPERTIES - Amortization (Details)

v3.24.3
INVESTMENT PROPERTIES - Amortization (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Acquired lease intangible assets, net          
Period from October 1 to December 31, 2024 $ 3,004   $ 3,004    
2025 12,018   12,018    
2026 12,018   12,018    
2027 12,018   12,018    
2028 12,018   12,018    
Thereafter 144,208   144,208    
Total 195,284   195,284   $ 212,001
Acquired below market lease intangibles          
Period from October 1 to December 31, 2024 1,214   1,214    
2025 4,854   4,854    
2026 4,854   4,854    
2027 4,854   4,854    
2028 4,854   4,854    
Thereafter 58,254   58,254    
Total 78,884   78,884   93,078
Acquired lease intangible assets, net, accumulated amortization 44,443   44,443   36,373
Acquired lease intangible liabilities, accumulated amortization 18,953   18,953   $ 15,969
Amortization of below market lease intangibles 1,264 $ 1,387 3,919 $ 4,180  
Above market lease intangibles          
Acquired lease intangible assets, net          
Period from October 1 to December 31, 2024 1,876   1,876    
2025 7,507   7,507    
2026 7,507   7,507    
2027 7,507   7,507    
2028 7,507   7,507    
Thereafter 90,078   90,078    
Total 121,982   121,982    
Acquired below market lease intangibles          
Amortization of lease intangible assets 1,881 1,933 5,679 5,847  
In-place lease value intangibles          
Acquired lease intangible assets, net          
Period from October 1 to December 31, 2024 1,128   1,128    
2025 4,511   4,511    
2026 4,511   4,511    
2027 4,511   4,511    
2028 4,511   4,511    
Thereafter 54,130   54,130    
Total 73,302   73,302    
Acquired below market lease intangibles          
Amortization of lease intangible assets $ 1,148 $ 1,204 $ 3,510 $ 3,627