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Acquired Lease Intangible Asset, Net (Tables)
9 Months Ended
Sep. 30, 2021
Intangible Assets Net Excluding Goodwill [Abstract]  
Schedule of Intangible Assets, Net

Intangible assets, net is comprised of the following:

 

September 30,

 

 

December 31,

 

 

2021

 

 

2020

 

Acquired lease intangible assets

$

2,949,411

 

 

$

3,014,149

 

Accumulated amortization

 

(896,918

)

 

 

(624,106

)

Acquired lease intangible assets, net

$

2,052,493

 

 

$

2,390,043

 

Schedule of Future Amortization for Intangible Assets

The future amortization for intangible assets is listed below:  

 

As of September 30, 2021

 

 

2021 (three months)

$104,000

2022

305,100

2023

305,100

2024

305,100

2025

305,100

Thereafter

728,100

 

$2,052,500