Acquired Tenant Improvements and Lease Intangible Assets, net (Tables)

9 Months Ended

Sep. 30, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Tenant Improvements Intangible Assets, Net

Acquired tenant improvements is comprised of the following:

	As of September 30,			As of December 31,
	2023			2022
Acquired tenant improvements	$	2,247,081		$	907,382
Accumulated amortization		(484,910	)		(389,738	)
Acquired tenant improvements, net	$	1,762,171		$	517,644

Schedule of future amortization of Tenant Improvements

he future amortization for acquired tenant improvements for subsequent years ending December 31 is listed below:

	As of September 30,
	2023
2023 (3 months remaining)	$	78,527
2024		314,106
2025		309,841
2026		280,156
2027		200,761
Thereafter		578,780
	$	1,762,171

Schedule of Intangible Assets, Net

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

	As of September 30,			As of December 31,
	2023			2022
Acquired lease intangible assets	$	10,573,535		$	4,677,928
Accumulated amortization		(1,917,817	)		(1,522,570	)
Acquired lease intangible assets, net	$	8,655,718		$	3,155,358

Schedule of Future Amortization for Intangible Assets

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

	As of September 30,
	2023
2023 (3 months remaining)	$	592,695
2024		1,801,801
2025		1,697,272
2026		1,609,317
2027		985,425
Thereafter		1,969,208
	$	8,655,718