Intangibles

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

Note 6 - Intangibles

The Company did not have any intangible assets as of December 31, 2022. The gross carrying amount and accumulated amortization of the Company's intangible assets consisted of the following as of June 30, 2023 ($ in thousands):

	June 30, 2023
Intangible assets:
In-place lease intangibles	$	7,051
Above-market lease intangibles		176
Total intangible assets		7,227
Accumulated amortization:
In-place lease amortization		(213	)
Above-market lease amortization		(5	)
Total intangible assets, net	$	7,009

The estimated future amortization on the Company's intangibles for each of the next five years and thereafter as of June 30, 2023, is as follows ($ in thousands):

	In-Place Lease Intangibles		Above-Market Intangibles
2023 (remaining)	$	232	$	6
2024		465		12
2025		465		12
2026		465		12
2027		465		12
Thereafter		4,746		117
	$	6,838	$	171