Acquired Lease Intangible Liabilities, Net (Tables)

6 Months Ended

Jun. 30, 2023

Below Market Lease [Abstract]

Summary of Acquired Lease Intangible Liabilities

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

	As of June 30,			As of December 31,
	2023			2022
Acquired lessor lease intangible liabilities	$	880,468		$	965,216
Accumulated accretion to rental income		(387,099	)		(369,858	)
Acquired lessor lease intangible liabilities, net	$	493,369		$	595,358
Acquired lessee lease intangible liabilities	$	45,207		$	45,207
Accumulated amortization to offset building expenses		(958	)		(592	)
Acquired lessee lease intangible liabilities, net	$	44,249		$	44,615

Summary of Future Amortization for Intangible Liabilities

The future amortization for acquired lessor lease intangible liabilities, net for subsequent years ending December 31 is listed below:

	As of June 30,
	2023
2023 (6 months remaining)	$	52,594
2024		105,188
2025		105,188
2026		93,907
2027		93,907
Thereafter		42,585
	$	493,369

The amortization for acquired lessee lease intangible liabilities for the three months ended June 30, 2023 and 2022 was $183 and $183, respectively. The amortization for acquired lessee lease intangible liabilities for the six months ended June 30, 2023 and 2022 was $366 and $226, respectively. The future amortization for acquired lessee lease intangible liabilities, net for subsequent years ending December 31 is listed below:

	As of June 30,
	2023
2023 (6 months remaining)	$	366
2024		732
2025		732
2026		732
2027		732
Thereafter		40,955
	$	44,249