v3.25.2

REAL ESTATE - Summary of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Real Estate [Line Items]
TOTAL ASSETS	$ 2,955,676	$ 3,273,365
Security deposits payable	(9,206)	(8,896)
Other liabilities and deferred credits	(59,386)	(62,588)
Liabilities assumed	(1,821,831)	$ (2,149,044)
Apartment Building \| Genesee Park
Real Estate [Line Items]
Land	27,125
Building	38,101
Land improvements	1,156
Furniture, fixtures, and equipment	274
Total real estate	66,656
Lease intangibles	1,373
Prepaid expenses and other assets	114
TOTAL ASSETS	68,143
Security deposits payable	(236)
Other liabilities and deferred credits	(28)
Liabilities assumed	$ (264)

Amount of asset recognized for present right to economic benefit.

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Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.

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This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. Such amount may include the value assigned to existing tenant relationships and excludes the market adjustment component of the value assigned for above or below-market leases acquired.

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American Assets Trust, Inc. 10-Q