Acquired Lease Intangible Liabilities, Net

6 Months Ended

Jun. 30, 2022

Below Market Lease [Abstract]

Acquired Lease Intangible Liabilities, net

Note 5 – Acquired Lease Intangible Liabilities, net

Acquired Lease Intangible Liabilities, net is comprised of the following:

	As of June 30,			As of December 31,
	2022			2021
Acquired lessor lease intangible liabilities	$	965,216		$	845,063
Accumulated accretion to Rental income		(317,630	)		(267,675	)
Acquired lessor lease intangible liabilities, net	$	647,586		$	577,388
Acquired lessee lease intangible liabilities	$	45,207		$	-
Accumulated amortization to offset Building expenses		(226	)		-
Acquired lessee lease intangible liabilities, net	$	44,981		$	-

The future amortization for Acquired Lessor Lease Intangible Liabilities, net for subsequent years ending December 31 is listed below:

	As of June 30,
	2022
2022 (6 months remaining)	$	52,594
2023		105,188
2024		105,188
2025		105,188
2026		93,907
Thereafter		185,521
	$	647,586

The future amortization for Acquired Lessee Lease Intangible Liabilities, net for subsequent years ending December 31 is listed below:

	As of June 30,
	2022
2022 (6 months remaining)	$	366
2023		732
2024		732
2025		732
2026		732
Thereafter		41,687
	$	44,981