Intangible Assets

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

5.Intangible Assets

Intangible assets subject to amortization consisted of the following:

	June 30, 2023			December 31, 2022
In-place lease intangible asset
Gross carrying amount	$	17,363		$	15,800
Less accumulated amortization:		(5,124	)		(3,679	)
Intangible assets, net	$	12,239		$	12,121

Amortization expense was $528 and $353 for the three months ended June 30, 2023 and 2022, respectively, and $1,319 and $708 for the six months ended June 30, 2023 and 2022, respectively. The Company reviewed the portfolio of real property interests and intangible assets for impairment, in which the Company identified wireless communication sites for which impairment charges were recorded in Impairment - decommissions in the condensed consolidated statements of operations.

As of June 30, 2023, the intangible asset amortization expense to be recognized for each of the succeeding five years was as follows:

Remainder of 2023	$	947
2024		1,683
2025		1,469
2026		1,340
2027		1,172
Thereafter		5,628
	$	12,239