Note 4 - Intangibles (Tables)

12 Months Ended

Dec. 31, 2021

Schedule Of Intangible Assets And Liabilities [Abstract]

Summary of Carrying Amount of Intangible Assets and Liabilities

The following is a summary of the carrying amount of the Company’s intangible assets and liabilities as of December 31, 2021 and 2020.

(in thousands)	December 31, 2021			December 31, 2020
Assets:
Above-market leases	$	4,792		$	2,661
Above-market leases accumulated amortization		(1,210	)		(504	)
In-place leases		30,643			17,958
In-place leases accumulated amortization		(10,368	)		(4,841	)
Total net real estate intangible assets	$	23,857		$	15,274
Liabilities
Below-market leases		4,792			3,290
Below-market leases accumulated amortization		(2,063	)		(909	)
Total net real estate intangible liabilities	$	2,729		$	2,381

Summary of Expected Amortization of Real Estate Intangible Assets Liabilities

The following table represents expected amortization of existing real estate intangible assets and liabilities as of December 31, 2021.

(in thousands)	Amortization of in-place leases		Amortization of above-market leases		Amortization of below-market leases			Total amortization, net
2022	$	7,156	$	959	$	(1,333	)	$	6,782
2023		4,801		846		(654	)		4,993
2024		3,140		619		(410	)		3,349
2025		2,036		456		(170	)		2,322
2026		1,343		275		(85	)		1,533
Thereafter		1,800		427		(77	)		2,150
Total	$	20,276	$	3,582	$	(2,729	)	$	21,129