XML 71 R38.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net

The Company’s intangible assets, net consist of the following:

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

In-place leases (a)

 

 

2,220

 

 

 

2,221

 

Policy renewal rights - United

 

 

10,100

 

 

 

10,100

 

Non-compete agreements - United (b)

 

 

314

 

 

 

314

 

Total, at cost

 

 

12,634

 

 

 

12,635

 

Less: accumulated amortization

 

 

(6,202

)

 

 

(4,976

)

Intangible assets, net

 

$

6,432

 

 

$

7,659

 

 

(a)
Amortization related to the Haines City property is expected to start in November 2024.
(b)
Fully amortized.
Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets

The remaining weighted-average amortization periods for the intangible assets as of June 30, 2024 are summarized in the table below:

 

In-place leases

 

18.2 years

Policy renewal rights - United

 

1.8 years