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Acquired Lease Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Intangible Assets, Net

Intangible assets, net is comprised of the following:

 

 

As of December 31,

 

 

As of December 31,

 

 

2024

 

 

2023

 

Acquired lease intangible assets

$

10,504,740

 

 

$

10,571,331

 

Accumulated amortization

 

(3,821,035

)

 

 

(2,581,586

)

Acquired lease intangible assets, net

$

6,683,705

 

 

$

7,989,745

 

 

Schedule of Future Amortization for Intangible Assets

The future amortization for intangible assets is listed below:

 

 

As of December 31,

 

 

2024

 

2025

$

1,841,891

 

2026

 

1,713,593

 

2027

 

1,103,124

 

2028

 

843,763

 

2029

 

579,092

 

Thereafter

 

602,242

 

 

$

6,683,705