Acquired Lease Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Acquired Lease Intangible Assets, Net

Note 4 – Acquired Lease Intangible Assets, net

Intangible assets, net is comprised of the following:

	As of December 31,			As of December 31,
	2022			2021
Acquired lease intangible assets	$	4,677,928		$	3,304,014
Accumulated amortization		(1,522,570	)		(994,857	)
Acquired lease intangible assets, net	$	3,155,358		$	2,309,157

The amortization for lease intangible assets for the twelve months ended December 31, 2022 and 2021 was $527,713 and $429,486, respectively.

The future amortization for intangible assets is listed below:

	As of December 31,
	2022
2023	$	542,954
2024		542,954
2025		509,815
2026		489,884
2027		394,952
Thereafter		674,799
	$	3,155,358