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Deferred Costs and Other Assets, net
 12 Months Ended
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Costs and Other Assets, net Deferred Costs and Other Assets, net
Deferred costs and other assets, net, are composed of the following:
 December 31,
 2024 2023
Lease origination costs$4,471,000 $5,501,000 
Right-of-use assets2,024,000 2,059,000 
Prepaid expenses1,872,000 1,504,000 
Other125,000 77,000 
Total other assets and deferred charges, net$8,492,000 $9,141,000 
Deferred costs are amortized over the terms of the related agreements. Amortization expense related to deferred costs amounted to $1.0 million and $1.0 million for 2024 and 2023, respectively. The unamortized balances of deferred lease origination costs is net of accumulated amortization of $7.6 million and $10.7 million at December 31, 2024 and 2023, respectively. Deferred lease origination costs will be charged to future operations as follows:
 Lease
origination
costs
2025$748,000 
2026716,000 
2027665,000 
2028556,000 
2029450,000 
Thereafter1,336,000 
 $4,471,000