Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

5. Intangible Assets

Intangible assets subject to amortization consisted of the following:

	March 31, 2022			December 31, 2021
In-place lease intangible asset
Gross carrying amount	$	10,795		$	10,295
Less accumulated amortization:		(2,700	)		(2,381	)
Intangible assets, net	$	8,095		$	7,914

Amortization expense was $355 and $309 for the three months ended March 31, 2022 and 2021, respectively. The Company reviewed the portfolio of real property interests and intangible assets for impairment, in which the Company identified wireless communication sites for which impairment charges were recorded in Impairment – decommissions in the condensed consolidated statements of operations.

As of March 31, 2022, the intangible asset amortization expense to be recognized for each of the succeeding five years was as follows:

Remainder of 2022	$	1,002
2023		1,166
2024		1,009
2025		869
2026		761
Thereafter		3,288
	$	8,095