INTANGIBLE ASSETS AND LIABILITIES - Summary of Estimated Amortization and Accretion (Details) - USD ($)
$ in Thousands |
6 Months Ended |
|
Jun. 30, 2022 |
Dec. 31, 2021 |
| Future Amortization Amount |
|
|
| Sub-total Intangible Lease Assets-Net |
$ 61,371
|
$ 58,821
|
| Future Accretion to Property Revenue |
|
|
| Sub-total Intangible Lease Liabilities -Net |
(5,177)
|
$ (5,476)
|
| Net Future Amortization of Intangible Assets and Liabilities |
|
|
| Remainder of 2022 |
4,181
|
|
| 2023 |
8,128
|
|
| 2024 |
7,770
|
|
| 2025 |
7,144
|
|
| 2026 |
6,676
|
|
| 2027 |
5,422
|
|
| 2028 and Thereafter |
16,873
|
|
| Total |
$ 56,194
|
|
| Amount allocated of total acquisition cost |
|
|
| Weighted average amortization period |
9 years 2 months 12 days
|
|
| Future Amortization |
|
|
| Future Amortization Amount |
|
|
| Remainder of 2022 |
$ 4,324
|
|
| 2023 |
8,420
|
|
| 2024 |
8,054
|
|
| 2025 |
7,392
|
|
| 2026 |
6,913
|
|
| 2027 |
5,618
|
|
| 2028 and thereafter |
17,134
|
|
| Sub-total Intangible Lease Assets-Net |
57,855
|
|
| Future Accretion to Income Property Revenue |
|
|
| Future Accretion to Property Revenue |
|
|
| Remainder of 2022 |
(143)
|
|
| 2023 |
(292)
|
|
| 2024 |
(284)
|
|
| 2025 |
(248)
|
|
| 2026 |
(237)
|
|
| 2027 |
(196)
|
|
| 2028 and Thereafter |
(261)
|
|
| Sub-total Intangible Lease Liabilities -Net |
$ (1,661)
|
|