Acquired Lease Intangible Liabilities, Net

12 Months Ended

Dec. 31, 2021

Below Market Lease [Abstract]

Acquired Lease Intangible Liabilities, Net

Note 5 – Acquired Lease Intangible Liabilities, net

Acquired lease intangible liability is comprised of the following:  

	December 31,			December 31,
	2021			2020
Acquired lease intangible liability	$	845,063		$	585,792
Less: recognized rental income		(267,675	)		(170,144	)
Total below market lease, net	$	577,388		$	415,648

The amortization for below market leases for the year ended December 31 2021 and 2020 was approximately $147,200 and $109,500, respectively.

The future amortization for intangible liabilities is listed below:

	As of December 31, 2021
2022	$	86,700
2023		86,700
2024		86,700
2025		86,700
2026		76,200
Thereafter		154,400
	$	577,400