Acquired Lease Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

Intangible Assets Net Excluding Goodwill [Abstract]

Acquired Lease Intangible Assets, Net

Note 4 – Acquired Lease Intangible Assets, net

Intangible assets, net is comprised of the following:

	December 31,			December 31,
	2021			2020
Acquired lease intangible assets	$	3,304,014		$	3,014,149
Accumulated amortization		(994,857	)		(624,106	)
Acquired lease intangible assets, net	$	2,309,157		$	2,390,043

 The amortization for lease intangible assets for the year ended December 31, 2021 and 2020 was approximately $429,500 and $411,300, respectively.

The future amortization for intangible assets is listed below:  

	As of December 31, 2021
2022	$	346,000
2023		339,700
2024		339,700
2025		306,600
2026		296,200
Thereafter		681,000
	$	2,309,200