Acquired Lease Intangible Liabilities, Net

12 Months Ended

Dec. 31, 2022

Below Market Lease [Abstract]

Acquired Lease Intangible Liabilities, Net

Note 5 – Acquired Lease Intangible Liabilities, net

Acquired lease intangible liabilities are comprised of the following:

	As of December 31,			As of December 31,
	2022			2021
Acquired lessor lease intangible liabilities	$	965,216		$	845,063
Accumulated accretion to Rental income		(369,858	)		(267,675	)
Acquired lessor lease intangible liabilities, net	$	595,358		$	577,388
Acquired lessee lease intangible liabilities	$	45,207		$	-
Accumulated amortization to offset Building expenses		(592	)		-
Acquired lessee lease intangible liabilities, net	$	44,615		$	-

The amortization for acquired lessor lease intangible liabilities for the twelve months ended December 31, 2022 and 2021 was $102,183 and $147,228, respectively. The future amortization for acquired lessor lease intangible liabilities is listed below:

	As of December 31,
	2022
2023	$	105,188
2024		105,188
2025		105,188
2026		93,907
2027		93,907
Thereafter		91,980
	$	595,358

The amortization for acquired lessee lease intangible liabilities for the twelve months ended December 31, 2022 and 2021 was $592 and $0, respectively. The future amortization for acquired lessee lease intangible liabilities is listed below:

	As of December 31,
	2022
2023	$	732
2024		732
2025		732
2026		732
2027		732
Thereafter		40,955
	$	44,615