OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Liabilities and Related Accumulated Amortization and Accretion

A schedule of our intangible assets and liabilities and related accumulated amortization and accretion as of December 31, 2023 and 2022, is as follows:

	As of December 31,
	2023		2022
	(in thousands)
Intangible assets:
Acquired in-place leases, net of accumulated amortization of $4,821 and $7,795, respectively, with an average useful life of 6 and 8 years, respectively	$	984	$	1,488
Acquired above-market leases, net of accumulated amortization of $30 and $39, respectively, both with an average useful life of 7 years	7		16
Trade name and license	2,957		2,957
Total intangible assets, net	$	3,948	$	4,461
Intangible lease liabilities:
Acquired below-market leases, net of accumulated amortization of $0 and $22, respectively, with an average useful life of 0 and 1 years, respectively	$	—	$	20

Schedule of Amortization of Acquired Leases

During the years ended December 31, 2023 and 2022, the Company recognized amortization related to its intangible assets and liabilities as follows:

	Year Ended December 31,
	2023		2022
	(in thousands)
Acquired above-market lease amortization	$	80	$	12
Acquired in-place lease amortization	$	27,714	$	846
Acquired below-market lease amortization	$	243	$	254

Schedule of Future Amortization and Accretion of Acquisition Related Intangible Assets and Liabilities

A schedule of future amortization and accretion of acquired intangible assets and liabilities as of December 31, 2023, is as follows:

	Assets
	Acquired		Acquired
	Above-Market		In-Place
Years Ending December 31,	Leases		Leases
	(in thousands)
2024	$	6	$	373
2025	1		171
2026	—		123
2027	—		123
2028	—		122
Thereafter	—		72
	$	7	$	984