Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of intangible leased assets

The following table summarizes the Company's intangible lease asset recognized in the consolidated balance sheets as of September 30, 2022 (dollars in thousands):

Acquisition Date	Property Type	Primary Location(s)	Intangible Lease Asset, Gross		Accumulated Amortization		Intangible Lease Asset, Net of Amortization
September 2021	Industrial	Jeffersonville, GA	$	49,192	$	(2,879)	$	46,313

The following table summarizes the Company's intangible lease asset recognized in the consolidated balance sheets as of December 31, 2021 (dollars in thousands):

Acquisition Date	Property Type	Primary Location(s)	Intangible Lease Asset, Gross		Accumulated Amortization		Intangible Lease Asset, Net of Amortization
September 2021	Industrial	Jeffersonville, GA	$	49,192	$	(720)	$	48,472

Schedule of future minimum payments to be received

The following table summarizes the Company's schedule of future minimum rents to be received under the lease as described above (dollars in thousands):

Future Minimum Rents	September 30, 2022
2022 (October - December)	$	1,992
2023	8,046
2024	8,207
2025	8,372
2026	8,539
2027 and beyond	114,981
Total future minimum rent	$	150,137

Schedule of expected future amortization expense

The following table summarizes the Company's expected amortization for intangible assets over the next five years, assuming no further acquisitions or dispositions (dollars in thousands):

Amortization Expense	September 30, 2022
2022 (October - December)	$	(720)
2023	(2,880)
2024	(2,880)
2025	(2,880)
2026	(2,880)