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OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Liabilities and Related Accumulated Amortization and Accretion
A schedule of the Company’s intangible assets and liabilities and related accumulated amortization and accretion as of June 30, 2023 and December 31, 2022 is as follows (in thousands):
June 30, 2023December 31, 2022
Intangible assets:
Acquired in-place leases, net of accumulated amortization of $25,928 and $7,795, respectively, with an average useful life of 2 and 8 years, respectively.
$10,566 $1,488 
Acquired above-market leases, net of accumulated amortization of $97 and $39, respectively, with an average useful life of 3 and 6 years, respectively
29 16 
Trade name and license2,957 2,957 
Total intangible assets, net$13,552 $4,461 
Intangible lease liabilities:
Acquired below-market leases, net of accumulated amortization of $173 and $22, respectively, both with an average useful life of 1 year
$93 $20 
Schedule of Amortization of Acquired Leases
During the three and six months ended June 30, 2023 and 2022, the Company recognized amortization related to its intangible assets and liabilities as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Acquired above-market lease amortization$34 $$58 $
Acquired in-place lease amortization$14,005 $195 $18,132 $433 
Acquired below-market lease amortization$141 $60 $150 $129 
Schedule of Future Amortization and Accretion of Acquired Intangible Assets and Liabilities
A schedule of future amortization and accretion of acquired intangible assets and liabilities as of June 30, 2023, is as follows (in thousands):
 AssetsLiabilities
Years Ending December 31,Acquired
Above-Market
Leases
Acquired
In-Place
Leases
Acquired
Below-Market
Leases
2023$23 $9,581 $(93)
2024374 — 
2025171 — 
2026— 123 — 
2027— 123 — 
Thereafter— 194 — 
$29 $10,566 $(93)