Acquired Lease Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Intangible Assets Net Excluding Goodwill [Abstract]

Acquired Lease Intangible Assets, Net

Note 4 – Acquired Lease Intangible Assets, net

Acquired lease intangible assets, net is comprised of the following:

	As of March 31,			As of December 31,
	2023			2022
Acquired lease intangible assets	$	4,677,928		$	4,677,928
Accumulated amortization		(1,658,133	)		(1,522,570	)
Acquired lease intangible assets, net	$	3,019,795		$	3,155,358

The amortization for lease intangible assets for the three months ended March 31, 2023 and 2022 was $135,563 and $113,992, respectively. The future amortization for acquired lease intangible assets, net for subsequent years ending December 31 is listed below:

	As of March 31,
	2023
2023 (9 months remaining)	$	407,391
2024		542,954
2025		509,815
2026		489,884
2027		394,952
Thereafter		674,799
	$	3,019,795