Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Intangible Assets And Liabilities

Schedule of Intangible Assets And Liabilities

Intangible assets and liabilities are summarized as follows (amounts in thousands):

	September 30, 2024									December 31, 2023
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
	(unaudited)			(unaudited)			(unaudited)
Finite-Lived Intangible Assets
In-place leases	$	2,871		$	(1,159	)	$	1,712		$	3,513		$	(1,699	)	$	1,814
Indefinite-Lived Intangible Assets
Development rights		5,659			—			5,659			5,659			—			5,659
Total intangible assets	$	8,530		$	(1,159	)	$	7,371		$	9,172		$	(1,699	)	$	7,473
Finite-Lived Intangible Liabilities
Below-market leases	$	(1,743	)	$	498		$	(1,245	)	$	(2,100	)	$	776		$	(1,324	)
Total intangible liabilities	$	(1,743	)	$	498		$	(1,245	)	$	(2,100	)	$	776		$	(1,324	)