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IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Liabilities
The following table summarizes our identified intangible assets and liabilities:
(Amounts in thousands)December 31, 2023December 31, 2022
In-place leases$148,668 $93,191 
Accumulated amortization(45,877)(36,196)
Above-market leases14,993 9,013 
Accumulated amortization(3,897)(3,396)
Other intangible assets1,635 1,635 
Accumulated amortization(1,625)(1,391)
Identified intangible assets, net of accumulated amortization113,897 62,856 
Below-market leases217,021 134,144 
Accumulated amortization(46,610)(40,816)
Identified intangible liabilities, net of accumulated amortization$170,411 $93,328 
Schedule of Estimated Annual Amortization Expense
The following table sets forth the estimated annual amortization (expense) and income related to intangible assets and liabilities for the five succeeding years commencing January 1, 2024:
(Amounts in thousands)Below-MarketAbove-MarketIn-Place Lease
YearOperating Lease AmortizationOperating Lease AmortizationAmortization
2024$10,836 $(2,009)$(25,969)
202510,641 (2,686)(18,070)
202610,297 (1,479)(12,195)
202710,019 (1,245)(9,799)
20289,372 (1,211)(8,316)