Note 4 - Intangibles (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021.

(in thousands)	December 31, 2022			December 31, 2021
Assets:
Above-market leases	$	5,150		$	4,792
Above-market leases accumulated amortization		(2,199	)		(1,210	)
In-place leases		36,078			30,643
In-place leases accumulated amortization		(18,251	)		(10,368	)
Total net real estate intangible assets	$	20,778		$	23,857
Liabilities
Below-market leases		4,992			4,792
Below-market leases accumulated amortization		(3,439	)		(2,063	)
Total net real estate intangible liabilities	$	1,553		$	2,729

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, 2022.

(in thousands)	Amortization of in-place leases		Amortization of above-market leases		Amortization of below-market leases			Total amortization, net
2023	$	6,980	$	923	$	(708	)	$	7,195
2024		3,636		703		(457	)		3,882
2025		2,507		541		(200	)		2,848
2026		1,751		313		(115	)		1,949
2027		1,175		215		(58	)		1,332
Thereafter		1,778		256		(15	)		2,019
Total	$	17,827	$	2,951	$	(1,553	)	$	19,225