Intangible lease assets and liabilities consisted of the following as of March 31, 2026 and December 31, 2025 (in thousands, except weighted average life remaining):


	March 31, 2026		December 31, 2025
Intangible lease assets:
In-place leases and other intangibles, net of accumulated amortization of $61,255 and $59,881, respectively (with a weighted average life remaining of 11.5 years and 11.6 years, respectively)
	$	90,662	$	93,674
Acquired above-market leases, net of accumulated amortization of $5,819 and $5,332, respectively (with a weighted average life remaining of 7.9 years and 7.9 years, respectively)
	9,343		10,014
Total intangible lease assets, net	$	100,005	$	103,688
Intangible lease liabilities:
Acquired below-market leases, net of accumulated amortization of $7,052 and $7,078, respectively (with a weighted average life remaining of 12.4 years and 12.5 years, respectively)
	$	13,745	$	14,293

Amortization of the above-market leases is recorded as a reduction to rental and other property income, and amortization expense for the in-place leases and other intangibles is included in depreciation and amortization in the accompanying condensed consolidated statements of operations. Amortization of below-market leases is recorded as an increase to rental and other property income in the accompanying condensed consolidated statements of operations.

The following table summarizes the amortization related to the intangible lease assets and liabilities for the three months ended March 31, 2026 and 2025 (in thousands):


	Three Months Ended March 31,
	2026		2025
In-place lease and other intangible amortization	$	2,711	$	2,876
Above-market lease amortization	$	530	$	513
Below-market lease amortization	$	326	$	269


	Amortization
	In-Place Leases and Other Intangibles		Above-Market Leases		Below-Market Leases
Remainder of 2026	$	7,754	$	1,563	$	965
2027	10,149		2,050		1,287
2028	9,151		1,729		1,287
2029	8,397		1,208		1,287
2030	7,962		1,037		1,278
Thereafter	47,249		1,756		7,641
Total	$	90,662	$	9,343	$	13,745