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Acquired Lease Intangible Liabilities, Net (Tables)
12 Months Ended
Dec. 31, 2023
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,

 

 

2023

 

 

2022

 

Acquired lessor lease intangible liabilities

$

1,304,309

 

 

$

965,216

 

Accumulated accretion to rental income

 

(331,932

)

 

 

(369,858

)

Acquired lessor lease intangible liabilities, net

$

972,377

 

 

$

595,358

 

 

 

 

 

 

 

Acquired lessee lease intangible liabilities

$

45,207

 

 

$

45,207

 

Accumulated amortization to offset building expenses

 

(1,324

)

 

 

(592

)

Acquired lessee lease intangible liabilities, net

$

43,883

 

 

$

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,

 

 

2023

 

2024

 

136,166

 

2025

 

135,543

 

2026

 

119,262

 

2027

 

110,322

 

2028

 

109,706

 

Thereafter

 

361,378

 

 

$

972,377