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Investments in Real Estate (Tables)
6 Months Ended
Jun. 30, 2023
Schedule of Acquired Properties

The following table details the properties acquired during the six months ended June 30, 2022.



Fresenius-Chicago, IL

 



Starbucks -Tampa, FL

 



Kohl's -Tucson, AZ

 



Total

 

Land

$

1,690,837

 

 

$

1,443,262

 



$

-

 



$

3,134,099

 

Building and site improvements

 

1,217,395

 

 

 

700,859

 

 

 

6,175,908

 

 

 

8,094,162

 

Tenant improvements

 

55,041

 

 

 

20,504

 



 

349,136

 



 

424,681

 

Acquired lease intangible assets

 

276,013

 

 

 

112,830

 

 

 

981,203

 

 

 

1,370,046

 

Total real estate investments

$

3,239,286

 

 

$

2,277,455

 



$

7,506,247

 



$

13,022,988

 

Right of use asset

 

-

 

 

 

-

 

 

 

6,304,334

 

 

 

6,304,334

 

Less: Acquired lease intangible liabilities

 

(19,864

)

 

 

(13,497

)

 

 

(131,999

)

 

 

(165,360

)

Less: Lease liability

 

-

 

 

 

-

 

 

 

(6,304,334

)

 

 

(6,304,334

)

Total real estate investments, net

$

3,219,422

 

 

$

2,263,958

 



$

7,374,248

 



$

12,857,628