The following tables summarize the Company’s lease intangible assets (acquired in-place leases and above-market leases) and liabilities (acquired below-market leases, which is included in accounts payable, accrued expenses and other liabilities on the consolidated balance sheets), net of accumulated amortization, as of June 30, 2024 and December 31, 2023 (in thousands):


June 30, 2024
	Gross		Accumulated
Lease Intangible Assets	Asset		Amortization			Balance
In-place leases, net	$	294	$	(106	)	$	188
Total	$	294	$	(106	)	$	188


	Gross		Accumulated
Lease Intangible Liabilities	Liability		Amortization			Balance
Below-market leases, net	$	1,168	$	(419	)	$	749
Total	$	1,168	$	(419	)	$	749


December 31, 2023
	Gross		Accumulated
Lease Intangible Assets	Asset		Amortization			Balance
In-place leases, net	$	1,541	$	(655	)	$	886
Total	$	1,541	$	(655	)	$	886


	Gross		Accumulated
Lease Intangible Liabilities	Liability		Amortization			Balance
Below-market leases, net	$	1,304	$	(456	)	$	848
Total	$	1,304	$	(456	)	$	848

Amortization of acquired below-market leases, net of acquired above-market leases, resulted in additional rental income of $12.2 thousand and $0.1 million for the three months ended June 30, 2024 and 2023, respectively and $25.7 thousand and $0.1 million for the six months ended June 30, 2024 and 2023, respectively. Amortization of an acquired below-market ground lease resulted in additional property expense of $50.7 thousand for each of the three months ended June 30, 2024 and 2023, respectively and $101.4 thousand for each of the six months ended June 30, 2024 and 2023, respectively. Amortization of acquired in-place leases resulted in additional depreciation and amortization expense of $8.4 thousand and $0.1 million for the three months ended June 30, 2024 and 2023, respectively and $27.6 thousand and $.02 million for the six months ended June 30, 2024 and 2023, respectively. Future amortization of these leases intangibles is set forth below (in thousands):


	(Above) / below market leases, net		Below market ground lease		In-place leases
Remainder of 2024	$	24	$	101	$	5
2025		47		203		12
2026		47		203		12
2027		47		203		12
2028		47		203		12
2029		47		203		12
Thereafter		490		8,824		123