INTANGIBLE ASSETS AND LIABILITIES - Summary of Estimated Amortization and Accretion (Details) - USD ($)
$ in Thousands |
9 Months Ended |
|
Sep. 30, 2021 |
Dec. 31, 2020 |
| Future Amortization Amount |
|
|
| Sub-total Intangible Lease Assets-Net |
$ 52,685
|
$ 36,881
|
| Future Accretion to Income Property Revenue |
|
|
| Sub-total Intangible Lease Liabilities -Net |
(4,998)
|
$ (3,299)
|
| Net Future Amortization of Intangible Assets and Liabilities |
|
|
| Remainder of 2021 |
1,745
|
|
| 2022 |
6,979
|
|
| 2023 |
6,977
|
|
| 2024 |
6,759
|
|
| 2025 |
6,257
|
|
| 2026 and thereafter |
18,970
|
|
| Total |
$ 47,687
|
|
| Amount allocated of total acquisition cost |
|
|
| Weighted average amortization period |
8 years 10 months 24 days
|
|
| Future Amortization |
|
|
| Future Amortization Amount |
|
|
| Remainder of 2021 |
$ 1,819
|
|
| 2022 |
7,276
|
|
| 2023 |
7,274
|
|
| 2024 |
7,044
|
|
| 2025 |
6,496
|
|
| 2026 and thereafter |
20,063
|
|
| Sub-total Intangible Lease Assets-Net |
49,972
|
|
| Future Accretion to Income Property Revenue |
|
|
| Future Accretion to Income Property Revenue |
|
|
| Remainder of 2021 |
(74)
|
|
| 2022 |
(297)
|
|
| 2023 |
(297)
|
|
| 2024 |
(285)
|
|
| 2025 |
(239)
|
|
| 2026 and thereafter |
(1,093)
|
|
| Sub-total Intangible Lease Liabilities -Net |
$ (2,285)
|
|