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Acquired Lease Intangible Liabilities, Net (Tables)
12 Months Ended
Dec. 31, 2022
Below Market Lease [Abstract]  
Summary Of Acquired Lease Intangible Liability

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

 

 

$

-

 

 

Summary of Future Amortization for Acquired Lease Intangible Liabilities 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 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