Acquired Lease Intangible Liabilities, Net

3 Months Ended

Mar. 31, 2026

Acquired Lease Intangible Liabilities, net

Note 5 – Acquired lease intangible liabilities, net

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


	As of March 31,			As of December 31,
	2026			2025
Acquired lessor lease intangible liabilities	$	1,877,150		$	2,011,964
Accumulated accretion to rental income		(566,285	)		(656,347	)
Acquired lessor lease intangible liabilities, net	$	1,310,865		$	1,355,617

Acquired lessee lease intangible liabilities	$	45,207		$	45,207
Accumulated amortization to offset building expenses		(2,969	)		(2,786	)
Acquired lessee lease intangible liabilities, net	$	42,238		$	42,421

The amortization for acquired lessor lease intangible liabilities for the three months ended March 31, 2026 and 2025 was $44,752 and $41,626 respectively. The future amortization for acquired lessor lease intangible liabilities, net for subsequent years ending March 31 is listed below:


	As of March 31,
	2026
2026 (9 months remaining)	$	122,976
2027		158,548
2028		158,105
2029		105,688
2030		46,608
Thereafter		718,940
	$	1,310,865

The amortization for acquired lessee lease intangible liabilities for both the three months ended March 31, 2026 and 2025 was $183 and $183, respectively. The future amortization for acquired lessee lease intangible liabilities, net for subsequent years ending March 31 is listed below:


	As of March 31,
	2026
2026 (9 months remaining)	$	549
2027		731
2028		731
2029		731
2030		731
Thereafter		38,765
	$	42,238