
	December 31,
	2025		2024
Land	$	111,348	$	121,437
Buildings and improvements, less accumulated depreciation of $59,070 and $54,763, respectively	227,492		241,901
Furniture, fixtures and equipment, less accumulated depreciation of $3,764 and $3,107, respectively	1,621		1,795
Acquired intangible lease assets, less accumulated amortization of $35,612 and $41,270, respectively	11,927		13,398
Investment in real estate assets, net	$	352,388	$	378,531

On January 12, 2023, the Company sold land and granted an easement over land to a state authority with a combined total area of approximately 0.4 acres from its Flats at Carrs Hill investment for approximately $657, before deducting closing costs.

On June 26, 2023, the Company sold a 64,217 rentable square-foot Class A medical office building located in Dedham, Massachusetts ("Allied Drive"). Allied Drive was sold to an entity which is not affiliated with the Company, the Advisor, or any of its affiliates, for $41,900. The Allied Drive sale resulted in a net realized gain of $15,426. The sale proceeds were used to reduce the outstanding balance on the Wells Fargo Line of Credit.

On September 6, 2023, the Company sold a 73,892 rentable square-foot Class A suburban office building located in Anaheim, California ("Anaheim Hills Office Plaza"). Anaheim Hills Office Plaza was sold to an entity which is not affiliated with the Company, the Advisor, or any of its affiliates, for $18,000. The Anaheim Hills Office Plaza sale resulted in a net realized gain of $2,012 The sale proceeds were used to reduce the outstanding balance on the Wells Fargo Line of Credit.

On December 20, 2024, the Company sold a 57,000 rentable square-foot Class B industrial building located in Miami, Florida ("Hialeah I"). Hialeah I was sold to an entity which is not affiliated with the Company, the Advisor, or any of its affiliates, for $8,369. The Hialeah I sale resulted in a net realized gain of $4,256. The sale proceeds were used to reduce the outstanding balance on the Wells Fargo Line of Credit.

During the year ended December 31, 2024, in accordance with authoritative guidance for impairment of long-lived assets, the Company determined that Heritage Parkway was impaired as the carrying value of the investment was not deemed recoverable due to a reduction of the expected hold period. Therefore, the Company recognized an impairment charge totaling $2,201 for the year ended December 31, 2024. On February 28, 2025, the Company sold Heritage Parkway to an entity which is not affiliated with the Company, RREEF America, or any of its affiliates, for $5,000. The Heritage Parkway sale resulted in a net realized loss of $91.

On September 18, 2025, the Company sold two Class B industrial buildings located in Miami, Florida ("Palmetto Lakes" and "Hialeah II") with rentable square-feet of 182,919 and 50,000, respectively. Palmetto Lakes and Hialeah II were sold in a single transaction to an entity which was not affiliated with the Company, RREEF America, or any of its affiliates, for $27,800 and $8,850, respectively. The Palmetto Lakes sale resulted in a net realized gain of $17,533. The Hialeah II sale resulted in a net realized gain of $4,982. The sale proceeds were used to reduce the outstanding balance on the Wells Fargo Line of Credit.

Future amortization related to acquired intangible assets and liabilities for all of the Company's properties as of December 31, 2025 is as follows: