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font-weight: bold;"> <span>(1)  Organization – </span> </div> <div style="text-align: justify; font-size: 8pt;">  </div> <div style="text-align: justify;"> <span>AEI Income &amp; Growth Fund XXII Limited Partnership (the “Partnership”) was formed to acquire and lease commercial properties to operating tenants. The Partnership's operations are managed by AEI Fund Management XXI, Inc. (“AFM”), the Managing General Partner. The Estate of Robert P. Johnson serves as the Individual General Partner. AFM is a wholly owned subsidiary of AEI Capital Corporation of which the Credit Trust fbo Patricia Johnson and Patricia Johnson own a majority interest. AEI Fund Management, Inc. (“AEI”), an affiliate of AFM, performs the administrative and operating functions for the Partnership.</span> </div> <div style="text-align: justify; font-size: 8pt;">  </div> <div style="text-align: justify;"> <span>The terms of the Partnership offering called for a subscription price of $1,000 per Limited Partnership Unit, payable on acceptance of the offer. The Partnership commenced operations on May 1, 1997 when minimum subscriptions of 1,500 Limited Partnership Units ($1,500,000) were accepted. The offering terminated January 9, 1999 when the extended offering period ended. The Partnership received subscriptions for 16,917.222 Limited Partnership Units. Under the terms of the Limited Partnership Agreement, the Limited Partners and General Partners contributed funds of $16,917,222 and $1,000, respectively.</span> </div> <div style="text-align: justify; font-size: 8pt;">  </div> <div style="text-align: justify;"> <span>During operations, any Net Cash Flow, as defined in the Partnership Agreement, which the General Partners determine to distribute will be distributed 97% to the Limited Partners and 3% to the General Partners. Distributions to Limited Partners will be made pro rata by Units.</span> </div> <div style="text-align: justify; font-size: 8pt;">  </div> <div style="text-align: justify;"> <span>Any Net Proceeds of Sale, as defined in the Partnership Agreement, from the sale or financing of properties which the General Partners determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Partners and 1% to the General Partners until the Limited Partners receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 9% of their Adjusted Capital Contribution per annum, cumulative but not compounded, to the extent not previously distributed from Net Cash Flow; (ii) any remaining balance will be distributed 90% to the Limited Partners and 10% to the General Partners. Distributions to the Limited Partners will be made pro rata by Units.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>For tax purposes, profits from operations, other than profits attributable to the sale, exchange, financing, refinancing or other disposition of property, will be allocated first in the same ratio in which, and to the extent, Net Cash Flow is distributed to the Partners for such year. Any additional profits will be allocated in the same ratio as the last dollar of Net Cash Flow is distributed. Net losses from operations will be allocated 99% to the Limited Partners and 1% to the General Partners.</span> </div><div style="text-align: justify;"> <span>For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Partnership Agreement as follows: (i) first, to those Partners with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Partners and 1% to the General Partners until the aggregate balance in the Limited Partners' capital accounts equals the sum of the Limited Partners' Adjusted Capital Contributions plus an amount equal to 9% of their Adjusted Capital Contributions per annum, cumulative but not compounded, to the extent not previously allocated; (iii) third, the balance of any remaining gain will then be allocated 90% to the Limited Partners and 10% to the General Partners. Losses will be allocated 98% to the Limited Partners and 2% to the General Partners.</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify;"> <span>The General Partners are not required to currently fund a deficit capital balance. Upon liquidation of the Partnership or withdrawal by a General Partner, the General Partners will contribute to the Partnership an amount equal to the lesser of the deficit balances in their capital accounts or 1% of total Limited Partners' and General Partners' capital contributions.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>Pursuant to Section 12.1(f) of the Partnership Agreement, the Managing General Partner can liquidate the Partnership upon the sale or other disposition of all or substantially all of its assets. The Managing General Partner has decided to begin the final liquidation process by disposing of its assets in accordance with the terms of the Partnership Agreement.</span> </div> 1000 1500 1500000 16917.222 16917222 1000 During operations, any Net Cash Flow, as defined in the Partnership Agreement, which the General Partners determine to distribute will be distributed 97% to the Limited Partners and 3% to the General Partners. Distributions to Limited Partners will be made pro rata by Units. Any Net Proceeds of Sale, as defined in the Partnership Agreement, from the sale or financing of properties which the General Partners determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Partners and 1% to the General Partners until the Limited Partners receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 9% of their Adjusted Capital Contribution per annum, cumulative but not compounded, to the extent not previously distributed from Net Cash Flow; (ii) any remaining balance will be distributed 90% to the Limited Partners and 10% to the General Partners. Distributions to the Limited Partners will be made pro rata by Units. For tax purposes, profits from operations, other than profits attributable to the sale, exchange, financing, refinancing or other disposition of property, will be allocated first in the same ratio in which, and to the extent, Net Cash Flow is distributed to the Partners for such year. Any additional profits will be allocated in the same ratio as the last dollar of Net Cash Flow is distributed. Net losses from operations will be allocated 99% to the Limited Partners and 1% to the General Partners. For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Partnership Agreement as follows: (i) first, to those Partners with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Partners and 1% to the General Partners until the aggregate balance in the Limited Partners' capital accounts equals the sum of the Limited Partners' Adjusted Capital Contributions plus an amount equal to 9% of their Adjusted Capital Contributions per annum, cumulative but not compounded, to the extent not previously allocated; (iii) third, the balance of any remaining gain will then be allocated 90% to the Limited Partners and 10% to the General Partners. Losses will be allocated 98% to the Limited Partners and 2% to the General Partners. The General Partners are not required to currently fund a deficit capital balance. Upon liquidation of the Partnership or withdrawal by a General Partner, the General Partners will contribute to the Partnership an amount equal to the lesser of the deficit balances in their capital accounts or 1% of total Limited Partners' and General Partners' capital contributions. <div style="text-align: justify; font-weight: bold;"> <span>(2)  Summary of Significant Accounting Policies – </span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>Financial Statement Presentation</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The accounts of the Partnership are maintained on the accrual basis of accounting for both federal income tax purposes and financial reporting purposes.</span> </div><div style="text-align: justify; font-weight: bold;"> <span>Accounting Estimates</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>Management uses estimates and assumptions in preparing these financial statements in accordance with United States Generally Accepted Accounting Principles (US GAAP). Those estimates and assumptions may affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates, and the difference could be material. Significant items, subject to such estimates and assumptions, include the carrying value of real estate held for investment, real estate held for sale, the allocation of overhead expenses, and the allocation of purchase price of real estate assets and intangible assets. </span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The Partnership regularly assesses whether market events and conditions indicate that it is reasonably possible to recover the carrying amounts of its investments in real estate from future operations and sales. A change in those market events and conditions could have a material effect on the carrying amount of its real estate.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>Cash Concentrations of Credit Risk</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The Partnership's cash is deposited in one financial institution and at times during the year it may exceed Federal Deposit Insurance Corporation (FDIC) insurance limits.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>Rent Receivables </span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>Credit terms are extended to tenants in the normal course of business. The Partnership performs ongoing credit evaluations of its tenants’ financial condition and, generally, requires no collateral.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>Rent receivables are recorded at their estimated net realizable value. The Partnership follows a policy of providing an allowance for credit losses; however, based on historical experience, and its evaluation of the current status of receivables, the Partnership is of the belief that such accounts, if any, will be collectible in all material respects and thus an allowance is not necessary. Accounts are considered past due if payment is not made on a timely basis in accordance with the Partnership’s credit terms. Receivables considered uncollectible are written off. The Partnership did not have an opening balance of rent receivable as of January 1, 2024. </span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The Partnership has adopted the practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the asset when developing a reasonable and supportable forecast as part of the estimating expected credit losses on these assets. The Partnership did not have an allowance for credit losses as of December 31, 2025 or 2024.</span> </div><div style="text-align: justify; font-weight: bold;"> <span>Income Taxes</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The income or loss of the Partnership for federal income tax reporting purposes is includable in the income tax returns of the Partners. In general, no recognition has been given to income taxes in the accompanying financial statements.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The tax return and the amount of distributable Partnership income or loss are subject to examination by federal and state taxing authorities. If such an examination results in changes to distributable Partnership income or loss, the taxable income of the Partners would be adjusted accordingly. Primarily due to its tax status as a partnership, the Partnership has no significant tax uncertainties that require recognition or disclosure. The Partnership is no longer subject to U.S. federal income tax examinations for tax years before 2022, and with few exceptions, is no longer subject to state tax examinations for tax years before 2022.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>Revenue Recognition</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The Partnership's real estate is leased under net leases, classified as operating leases. The leases provide for base annual rental payments payable in monthly installments. The Partnership recognizes rental income according to the terms of the individual leases. For deferred rents, the Partnership recognizes the deferred rent related to the month it applies and records a rental receivable. For unearned rent, the Company records a current liability for any amounts received but not yet earned. The opening balance of unearned rent was approximately $15,200 as of January 1, 2024. For leases that contain stated rental increases, the increases are recognized in the year in which they are effective. Contingent rental payments are recognized when the contingencies on which the payments are based are satisfied and the rental payments become due under the terms of the leases.</span> </div> <div style="text-align: justify; font-weight: bold;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>Real Estate Investments</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>Upon acquisition of real properties, the Partnership records them in the financial statements at cost. The purchase price is allocated to tangible assets, consisting of land and building, and to identified intangible assets and liabilities, which may include the value of above market and below market in-place leases. The allocation of the purchase price is based upon the relative fair value of each component of the property. Although independent appraisals may be used to assist in the determination of fair value, in many cases these values will be based upon management’s assessment of each property, the selling prices of comparable properties and the discounted value of cash flows from the asset. </span> </div><div style="text-align: justify;"> <span>The fair values of above market and below market in-place leases will be recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) an estimate of fair market lease rates for the corresponding in-place leases measured over a period equal to the non-cancelable term of the lease including any bargain renewal periods. The above market and below market lease values will be capitalized as intangible lease assets or liabilities. Above market lease values will be amortized on a straight-line basis as an adjustment of rental income over the remaining term of the respective leases. Below market lease values will be amortized on a straight-line basis as an adjustment of rental income over the remaining term of the respective leases, including any bargain renewal periods. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above market and below market in-place lease values relating to that lease would be recorded as an adjustment to rental income.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The fair values of in-place leases will include estimated direct costs associated with obtaining a new tenant, and opportunity costs associated with lost rentals which are avoided by acquiring an in-place lease. Direct costs associated with obtaining a new tenant may include commissions, tenant improvements, and other direct costs and are estimated, in part, by management’s consideration of current market costs to execute a similar lease. These direct costs will be included in intangible lease assets on the balance sheet and will be amortized on a straight-line basis to expense over the remaining term of the respective leases. The value of opportunity costs will be calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease. These intangibles will be included in intangible lease assets on the balance sheet and will be amortized on a straight-line basis to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed. </span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The Partnership tests real estate for recoverability when events or changes in circumstances indicate that the carrying value may not be recoverable. For properties the Partnership will hold and operate, it compares the carrying amount of the property to the estimated probability-weighted future undiscounted cash flows expected to result from the property and its eventual disposition. If the sum of the expected future cash flows is less than the carrying amount of the property, the Partnership recognizes an impairment loss equal to the amount by which the carrying amount of the property exceeds the fair value of the property. For properties held for sale, the Partnership determines whether impairment has occurred by comparing the property’s estimated fair value less cost to sell to its current carrying value. If the carrying value is greater than the net realizable value, an impairment loss is recorded to reduce the carrying value of the property to its net realizable value. </span> </div><div style="text-align: justify;"> <span>For financial reporting purposes, the buildings owned by the Partnership are depreciated using the straight-line method over an estimated useful life of 25 years. Intangible lease assets are amortized using the straight-line method for financial reporting purposes over the remaining life of the lease.</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify;"> <span>The disposition of a property or classification of a property as Real Estate Held for Sale by the Partnership does not represent a strategic shift that will have a major effect on the Partnership’s operations and financial results. Therefore, the results from operating and selling the property are included in continuing operations.</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify;"> <span>The Partnership accounts for properties owned as tenants-in-common with affiliated entities and/or unrelated third parties using the proportionate consolidation method. Each tenant-in-common owns a separate, undivided interest in the properties. Any tenant-in-common that holds more than a 50% interest does not control decisions over the other tenant-in-common interests. The financial statements reflect only this Partnership's percentage share of the properties, land, building, intangible assets, liabilities, revenues and expenses.</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify;"> <span>The Partnership's properties are subject to environmental laws and regulations adopted by various governmental entities in the jurisdiction in which the properties are located. These laws could require the Partnership to investigate and remediate the effects of the release or disposal of hazardous materials at these locations if found. For each property, an environmental assessment is completed prior to acquisition. In addition, the lease agreements typically strictly prohibit the production, handling, or storage of hazardous materials (except where incidental to the tenant’s business such as use of cleaning supplies) in violation of applicable law to restrict environmental and other damage. Environmental liabilities are recorded when it is determined the liability is probable and the costs can reasonably be estimated. There were no environmental issues noted or liabilities recorded at December 31, 2025 and 2024.</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>Fair Value Measurements</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>Fair value, as defined by US GAAP, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. US GAAP establishes a hierarchy in determining the fair value of an asset or liability. The fair value hierarchy has three levels of inputs, both observable and unobservable. US GAAP requires the utilization of the lowest possible level of input to determine fair value. Level 1 inputs include quoted market prices in an active market for identical assets or liabilities. Level 2 inputs are market data, other than Level 1 inputs, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data. Level 3 inputs are unobservable and corroborated by little or no market data.</span> </div><div style="text-align: justify;"> <span>As of December 31, 2025 and 2024, the Partnership had no assets or liabilities measured at fair value on a recurring basis or nonrecurring basis. </span> </div> <div style="text-align: justify; font-size: 8pt;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>Income Per Unit</span> </div> <div style="text-align: justify; font-size: 6pt;">  </div> <div style="text-align: justify;"> <span>Income per Limited Partnership Unit is calculated based on the weighted average number of Limited Partnership Units outstanding during each period presented. Diluted income per Limited Partnership Unit considers the effect of any potentially dilutive Unit equivalents, of which the Partnership had none for each of the years ended December 31, 2025 and 2024.</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>Reportable Segments</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify;"> <span>The Partnership invests in single tenant commercial properties throughout the United States that are net leased to tenants in various industries. Because these net leased properties have similar economic characteristics, the Partnership evaluates operating performance on an overall portfolio basis. Therefore, the Partnership’s properties are classified as one reportable segment.</span> </div> <div style="text-align: justify; font-size: 8pt;">  </div> <div style="text-align: justify;"> The Chief Operating Decision Maker (“CODM”) is the General Partners. The CODM assesses performance and decides how to allocate resources based on operating results. The significant segment expenses include partnership administration expenses incurred from affiliates and unrelated parties, as well as property management expenses allocated from affiliates, as presented in the statements of income. </div><div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>Recently Adopted Accounting Pronouncements</span> </div> <div style="text-align: justify; font-size: 6pt;">  </div> <div style="text-align: justify;"> <span>In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07: Improvements to Reportable Segment Disclosures. This ASU, which amends Topic 280: Segment Reporting, improves disclosure requirements for reportable segments. The Partnership has a single reportable segment based on the nature of its services and regulatory environment under which it operates. The nature of business and the accounting policies of the segment are the same as described throughout Notes 1 and 2. The Partnership’s CODM is the General Partners. The Partnership adopted the standard as of January 1, 2024. The adoption did not have a material impact on the Partnership’s financial statements.</span> </div><div style="text-align: justify; font-weight: bold;"> <span style="font-weight: normal;">In July 2025, the FASB issued ASU 2025-05, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses for Accounts Receivable and Contract Assets. ASU 2025-05 aims to reduce the cost and complexity of estimating credit losses while maintaining decision-useful information for financial statement users. The guidance allows all entities to elect a practical expedient related to developing forecasts as part of estimating expected credit losses that assumes the current conditions as of the balance sheet date do not change for the remaining life of the asset. ASU 2025-05 is effective for fiscal years beginning after December 15, 2025, and interim periods within those annual reporting periods, with early adoption permitted. The Partnership adopted the standard as of January 1, 2025 and the adoption did not have a material impact on the Partnership's financial statements.</span> </div><div style="text-align: justify; font-weight: bold;"> <span style="font-weight: normal;">The Partnership has evaluated subsequent events through March 27, 2026, the date which the financial statements were available to be issued, and has determined that no events or transactions have occurred that would require recognition or disclosure.</span> </div> <div style="text-align: justify;"> <span>The accounts of the Partnership are maintained on the accrual basis of accounting for both federal income tax purposes and financial reporting purposes.</span> </div> <div style="text-align: justify;"> <span>Management uses estimates and assumptions in preparing these financial statements in accordance with United States Generally Accepted Accounting Principles (US GAAP). Those estimates and assumptions may affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates, and the difference could be material. Significant items, subject to such estimates and assumptions, include the carrying value of real estate held for investment, real estate held for sale, the allocation of overhead expenses, and the allocation of purchase price of real estate assets and intangible assets. </span> </div><div style="text-align: justify;"> <span>The Partnership regularly assesses whether market events and conditions indicate that it is reasonably possible to recover the carrying amounts of its investments in real estate from future operations and sales. A change in those market events and conditions could have a material effect on the carrying amount of its real estate.</span> </div> <div style="text-align: justify;"> <span>The Partnership's cash is deposited in one financial institution and at times during the year it may exceed Federal Deposit Insurance Corporation (FDIC) insurance limits.</span> </div> <div style="text-align: justify;"> <span>Credit terms are extended to tenants in the normal course of business. The Partnership performs ongoing credit evaluations of its tenants’ financial condition and, generally, requires no collateral.</span> </div><div style="text-align: justify;"> <span>Rent receivables are recorded at their estimated net realizable value. The Partnership follows a policy of providing an allowance for credit losses; however, based on historical experience, and its evaluation of the current status of receivables, the Partnership is of the belief that such accounts, if any, will be collectible in all material respects and thus an allowance is not necessary. Accounts are considered past due if payment is not made on a timely basis in accordance with the Partnership’s credit terms. Receivables considered uncollectible are written off. The Partnership did not have an opening balance of rent receivable as of January 1, 2024. </span> </div><div style="text-align: justify;"> <span>The Partnership has adopted the practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the asset when developing a reasonable and supportable forecast as part of the estimating expected credit losses on these assets. The Partnership did not have an allowance for credit losses as of December 31, 2025 or 2024.</span> </div><div style="text-align: justify; font-weight: bold;"> <span>Income Taxes</span> </div><div style="text-align: justify;"> <span>The income or loss of the Partnership for federal income tax reporting purposes is includable in the income tax returns of the Partners. In general, no recognition has been given to income taxes in the accompanying financial statements.</span> </div><div style="text-align: justify;"> <span>The tax return and the amount of distributable Partnership income or loss are subject to examination by federal and state taxing authorities. If such an examination results in changes to distributable Partnership income or loss, the taxable income of the Partners would be adjusted accordingly. Primarily due to its tax status as a partnership, the Partnership has no significant tax uncertainties that require recognition or disclosure. The Partnership is no longer subject to U.S. federal income tax examinations for tax years before 2022, and with few exceptions, is no longer subject to state tax examinations for tax years before 2022.</span> </div><div style="text-align: justify; font-weight: bold;"> <span>Revenue Recognition</span> </div> The Partnership's real estate is leased under net leases, classified as operating leases. The leases provide for base annual rental payments payable in monthly installments. The Partnership recognizes rental income according to the terms of the individual leases. For deferred rents, the Partnership recognizes the deferred rent related to the month it applies and records a rental receivable. For unearned rent, the Company records a current liability for any amounts received but not yet earned. The opening balance of unearned rent was approximately $15,200 as of January 1, 2024. <div style="text-align: justify;"> <span>The income or loss of the Partnership for federal income tax reporting purposes is includable in the income tax returns of the Partners. In general, no recognition has been given to income taxes in the accompanying financial statements.</span> </div><div style="text-align: justify;"> <span>The tax return and the amount of distributable Partnership income or loss are subject to examination by federal and state taxing authorities. If such an examination results in changes to distributable Partnership income or loss, the taxable income of the Partners would be adjusted accordingly. Primarily due to its tax status as a partnership, the Partnership has no significant tax uncertainties that require recognition or disclosure. The Partnership is no longer subject to U.S. federal income tax examinations for tax years before 2022, and with few exceptions, is no longer subject to state tax examinations for tax years before 2022.</span> </div> <div style="text-align: justify;"> <span>The Partnership's real estate is leased under net leases, classified as operating leases. The leases provide for base annual rental payments payable in monthly installments. The Partnership recognizes rental income according to the terms of the individual leases. For deferred rents, the Partnership recognizes the deferred rent related to the month it applies and records a rental receivable. For unearned rent, the Company records a current liability for any amounts received but not yet earned. The opening balance of unearned rent was approximately $15,200 as of January 1, 2024. For leases that contain stated rental increases, the increases are recognized in the year in which they are effective. Contingent rental payments are recognized when the contingencies on which the payments are based are satisfied and the rental payments become due under the terms of the leases.</span> </div> <div style="text-align: justify;"> <span>Upon acquisition of real properties, the Partnership records them in the financial statements at cost. The purchase price is allocated to tangible assets, consisting of land and building, and to identified intangible assets and liabilities, which may include the value of above market and below market in-place leases. The allocation of the purchase price is based upon the relative fair value of each component of the property. Although independent appraisals may be used to assist in the determination of fair value, in many cases these values will be based upon management’s assessment of each property, the selling prices of comparable properties and the discounted value of cash flows from the asset. </span> </div><div style="text-align: justify;"> <span>The fair values of above market and below market in-place leases will be recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) an estimate of fair market lease rates for the corresponding in-place leases measured over a period equal to the non-cancelable term of the lease including any bargain renewal periods. The above market and below market lease values will be capitalized as intangible lease assets or liabilities. Above market lease values will be amortized on a straight-line basis as an adjustment of rental income over the remaining term of the respective leases. Below market lease values will be amortized on a straight-line basis as an adjustment of rental income over the remaining term of the respective leases, including any bargain renewal periods. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above market and below market in-place lease values relating to that lease would be recorded as an adjustment to rental income.</span> </div><div style="text-align: justify;"> <span>The fair values of in-place leases will include estimated direct costs associated with obtaining a new tenant, and opportunity costs associated with lost rentals which are avoided by acquiring an in-place lease. Direct costs associated with obtaining a new tenant may include commissions, tenant improvements, and other direct costs and are estimated, in part, by management’s consideration of current market costs to execute a similar lease. These direct costs will be included in intangible lease assets on the balance sheet and will be amortized on a straight-line basis to expense over the remaining term of the respective leases. The value of opportunity costs will be calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease. These intangibles will be included in intangible lease assets on the balance sheet and will be amortized on a straight-line basis to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed. </span> </div><div style="text-align: justify;"> <span>The Partnership tests real estate for recoverability when events or changes in circumstances indicate that the carrying value may not be recoverable. For properties the Partnership will hold and operate, it compares the carrying amount of the property to the estimated probability-weighted future undiscounted cash flows expected to result from the property and its eventual disposition. If the sum of the expected future cash flows is less than the carrying amount of the property, the Partnership recognizes an impairment loss equal to the amount by which the carrying amount of the property exceeds the fair value of the property. For properties held for sale, the Partnership determines whether impairment has occurred by comparing the property’s estimated fair value less cost to sell to its current carrying value. If the carrying value is greater than the net realizable value, an impairment loss is recorded to reduce the carrying value of the property to its net realizable value. </span> </div><div style="text-align: justify;"> <span>For financial reporting purposes, the buildings owned by the Partnership are depreciated using the straight-line method over an estimated useful life of 25 years. Intangible lease assets are amortized using the straight-line method for financial reporting purposes over the remaining life of the lease.</span> </div><div style="text-align: justify;"> <span>The disposition of a property or classification of a property as Real Estate Held for Sale by the Partnership does not represent a strategic shift that will have a major effect on the Partnership’s operations and financial results. Therefore, the results from operating and selling the property are included in continuing operations.</span> </div><div style="text-align: justify;"> <span>The Partnership accounts for properties owned as tenants-in-common with affiliated entities and/or unrelated third parties using the proportionate consolidation method. Each tenant-in-common owns a separate, undivided interest in the properties. Any tenant-in-common that holds more than a 50% interest does not control decisions over the other tenant-in-common interests. The financial statements reflect only this Partnership's percentage share of the properties, land, building, intangible assets, liabilities, revenues and expenses.</span> </div><div style="text-align: justify;"> <span>The Partnership's properties are subject to environmental laws and regulations adopted by various governmental entities in the jurisdiction in which the properties are located. These laws could require the Partnership to investigate and remediate the effects of the release or disposal of hazardous materials at these locations if found. For each property, an environmental assessment is completed prior to acquisition. In addition, the lease agreements typically strictly prohibit the production, handling, or storage of hazardous materials (except where incidental to the tenant’s business such as use of cleaning supplies) in violation of applicable law to restrict environmental and other damage. Environmental liabilities are recorded when it is determined the liability is probable and the costs can reasonably be estimated. There were no environmental issues noted or liabilities recorded at December 31, 2025 and 2024.</span> </div> <div style="text-align: justify;"> <span>Fair value, as defined by US GAAP, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. US GAAP establishes a hierarchy in determining the fair value of an asset or liability. The fair value hierarchy has three levels of inputs, both observable and unobservable. US GAAP requires the utilization of the lowest possible level of input to determine fair value. Level 1 inputs include quoted market prices in an active market for identical assets or liabilities. Level 2 inputs are market data, other than Level 1 inputs, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data. Level 3 inputs are unobservable and corroborated by little or no market data.</span> </div><div style="text-align: justify;"> <span>As of December 31, 2025 and 2024, the Partnership had no assets or liabilities measured at fair value on a recurring basis or nonrecurring basis. </span> </div> Income per Limited Partnership Unit is calculated based on the weighted average number of Limited Partnership Units outstanding during each period presented. Diluted income per Limited Partnership Unit considers the effect of any potentially dilutive Unit equivalents, of which the Partnership had none for each of the years ended December 31, 2025 and 2024 <div style="text-align: justify;"> <span>The Partnership invests in single tenant commercial properties throughout the United States that are net leased to tenants in various industries. Because these net leased properties have similar economic characteristics, the Partnership evaluates operating performance on an overall portfolio basis. Therefore, the Partnership’s properties are classified as one reportable segment.</span> </div> The Chief Operating Decision Maker (“CODM”) is the General Partners. The CODM assesses performance and decides how to allocate resources based on operating results. The significant segment expenses include partnership administration expenses incurred from affiliates and unrelated parties, as well as property management expenses allocated from affiliates, as presented in the statements of income <div style="text-align: justify; font-weight: bold;"> <span>(3)  Related Party Transactions –</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify;"> <span>The Partnership owns the percentage interest shown below in the following property as a tenant-in-common with the affiliated entity with common ownership listed: Talecris Plasma Facility in Dallas, Texas (50% – AEI Income &amp; Growth Fund 25 LLC).</span> </div><div style="text-align: center; font-weight: bold;"> <span>AEI INCOME &amp; GROWTH FUND XXII LIMITED PARTNERSHIP</span> </div> <div style="text-align: center; font-weight: bold;"> <span>NOTES TO FINANCIAL STATEMENTS</span> </div> <div style="text-align: center; font-weight: bold;"> <span>DECEMBER 31, 2025 AND 2024</span> </div> <div style="text-align: center;">  </div> <div style="text-align: justify; font-weight: bold;"> <span>(2)  Related Party Transactions – (Continued)</span> </div> <div style="text-align: justify; font-weight: bold;">  </div> <div style="text-align: justify;"> <span>AEI received the following reimbursements for costs and expenses from the Partnership for the years ended December 31:</span> </div> <table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top; height: 5.4pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2025</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2024</span> </div> </td> </tr> <tr style="vertical-align: top; height: 3.5pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; vertical-align: middle;"> <div> <span>AEI is reimbursed for costs incurred in providing services related to managing the Partnership's operations and properties, maintaining the Partnership's books, and communicating with the Limited Partners.</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">74,820</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">116,430</span> </div> </td> </tr> <tr style="vertical-align: top; height: 3.5pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>AEI is reimbursed for all direct expenses it paid on the Partnership's behalf to third parties related to Partnership administration and property management. These expenses included printing costs, legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs.</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">84,398</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">69,899</span> </div> </td> </tr> <tr style="vertical-align: top; height: 3.5pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>AEI is reimbursed for costs incurred in providing services and direct expenses related to the acquisition of property on behalf of the Partnership.</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">0</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">0</span> </div> </td> </tr> <tr style="vertical-align: top; height: 3.5pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>AEI is reimbursed for costs incurred in providing services related to the sale of property on behalf of the Partnership.</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">0</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">6,262</span> </div> </td> </tr> </table> <div style="text-align: justify; font-weight: bold;">  </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The payable to AEI represents the balance due for the services described in 3a, b, c and d. This balance is non-interest bearing and unsecured and is to be paid in the normal course of business.</span> </div> <div style="text-align: justify; font-weight: bold;">  </div> <div style="text-align: justify;"> <span>The registrant, AFM and its affiliates have common management and utilize the same facilities. As a result, certain administrative expenses are allocated among these related entities. All of such activities and any other transactions involving the affiliates of the General Partner of the registrant are governed by, and are conducted in conformity with, the limitations set forth in the Partnership Agreement of the registrant.</span> </div> Related Party Transactions<table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top; height: 5.4pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2025</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2024</span> </div> </td> </tr> <tr style="vertical-align: top; height: 3.5pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; vertical-align: middle;"> <div> <span>AEI is reimbursed for costs incurred in providing services related to managing the Partnership's operations and properties, maintaining the Partnership's books, and communicating with the Limited Partners.</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">74,820</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">116,430</span> </div> </td> </tr> <tr style="vertical-align: top; height: 3.5pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>AEI is reimbursed for all direct expenses it paid on the Partnership's behalf to third parties related to Partnership administration and property management. These expenses included printing costs, legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs.</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">84,398</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">69,899</span> </div> </td> </tr> <tr style="vertical-align: top; height: 3.5pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>AEI is reimbursed for costs incurred in providing services and direct expenses related to the acquisition of property on behalf of the Partnership.</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">0</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">0</span> </div> </td> </tr> <tr style="vertical-align: top; height: 3.5pt;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 21.6pt; padding-left: 5.75pt; padding-right: 5.75pt;">  </td> <td style="padding: 0; width: 284.4pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>AEI is reimbursed for costs incurred in providing services related to the sale of property on behalf of the Partnership.</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">0</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">6,262</span> </div> </td> </tr> </table> 74820 116430 84398 69899 0 0 0 6262 <div style="text-align: justify; font-weight: bold;"> <span>(4)  Real Estate Investments –</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify;"> <span>The Partnership leases its properties to tenants under net leases, classified as operating leases. Under a net lease, the tenant is responsible for real estate taxes, insurance, maintenance, repairs and operating expenses for the property. For some leases, the Partnership is responsible for repairs to the structural components of the building, the roof, and the parking lot. At the time the properties were acquired, the remaining primary lease terms varied from 7.75 to 20 years. The leases provide the tenants with two to five five-year renewal options subject to the same terms and conditions as the primary term, except for the Talecris Plasma Facility in Dallas, Texas which has one ten-year renewal option. </span> </div> <div style="text-align: justify; font-size: 8pt;">  </div> <div style="text-align: justify;"> <span>The Partnership's properties are commercial, single-tenant buildings. The Advance Auto Parts store in Indianapolis, Indiana was constructed in 2005, acquired in 2006 and sold in July 2025. The Talecris Plasma Facility in Dallas, Texas was constructed in 2008 and acquired in 2020. The DaVita facility in Hempstead, Texas was constructed in 2015 and acquired in 2022. There have been no costs capitalized as improvements subsequent to the acquisitions.</span> </div> <div style="text-align: justify; font-size: 8pt;">  </div> <div style="text-align: justify;"> <span>The cost of the properties not held for sale and related accumulated depreciation at December 31, 2025 are as follows:</span> </div> <table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 213.85pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 57.6pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 57.6pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 57.6pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 57.6pt;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div> <span style="text-decoration: underline;">Property</span> </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="text-align: center;"> <span style="text-decoration: underline;">Land</span> </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="text-align: center;"> <span style="text-decoration: underline;">Buildings</span> </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="text-align: center;"> <span style="text-decoration: underline;">Total</span> </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="text-align: center;"> <span>Accumulated</span> </div> <div style="text-align: center;"> <span style="text-decoration: underline;">Depreciation</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span>DaVita, Hempstead, TX</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">629,728</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">2,069,828</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">2,699,556</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">269,077</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span>Talecris Plasma Facility, Dallas, TX</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">585,423</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">1,707,998</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">2,293,421</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">370,067</span> </div> </td> </tr> <tr style="vertical-align: top; height: 21.6pt;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">1,215,151</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">3,777,826</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">4,992,977</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">639,144</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> <div style="text-align: justify;"> <span>For the years ended December 31, 2025 and 2024, the Partnership recognized depreciation expense of $165,238 and $205,532, respectively.</span> </div><div style="text-align: justify;"> <span>The following schedule presents the cost and related accumulated amortization of acquired lease intangibles not held for sale at December 31:</span> </div> <table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 216pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 52.55pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 64.8pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 52.55pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 64.8pt;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td colspan="3" style="padding: 0; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>2025</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td colspan="3" style="padding: 0; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>2024</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 52.55pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Cost</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 64.8pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Accumulated Amortization</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 52.55pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Cost</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 64.8pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Accumulated Amortization</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div> <span>In-Place Lease Intangibles</span> </div> <div> <span>   </span><span style="font-size: 8.0pt;">(weighted average life of 43 and 55 months, respectively)</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">558,153</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">305,387</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">558,153</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">234,881</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div> <span>Above-Market Lease Intangibles</span> </div> <div> <span>   </span><span style="font-size: 8.0pt;">(weighted average life of 39 and 51 months, respectively)</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">246,229</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">145,506</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">246,229</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">114,631</span> </div> </td> </tr> <tr style="vertical-align: top; height: 25.2pt;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div> <span>          Acquired Intangible Lease Assets</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt; vertical-align: 5pt;">$</span> </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">804,382</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">450,893</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt; vertical-align: 5pt;">$</span> </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">804,382</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt; vertical-align: 5pt;">$</span> </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">349,512</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>For the years ended December 31, 2025 and 2024, the value of in-place lease intangibles amortized to expense was $70,506 and the decrease to rental income for above-market leases was $30,875.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>For lease intangibles not held for sale at December 31, 2025, the estimated amortization for the next five years is as follows:</span> </div> <div style="text-align: justify;">  </div> <table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 47.5pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 26.65pt;"> </td> <td style="width: 108pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 26.65pt;"> </td> <td style="width: 108pt;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Amortization Expense for</span> </div> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>In-Place Lease Intangibles</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Decrease to Rental Income</span> </div> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>for Above-Market Leases</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2026</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">70,506</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">30,875</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2027</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">70,506</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">30,875</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2028</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">58,777</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">23,927</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2029</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">35,318</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">10,031</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2030</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">17,659</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">5,015</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">252,766</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">100,723</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table><div style="text-align: justify;"> <span>In October 2024, the Partnership entered into an agreement to sell its 100% interest in the St. Vincent Clinic in Lonoke, Arkansas to an unrelated third party. On December 17, 2024, the sale closed with the Partnership receiving net proceeds of $661,301, which resulted in a net gain of $32,817. At the time of sale, the cost and related accumulated depreciation was $1,645,000 and $1,016,516, respectively.</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>In May 2025, the Partnership entered into an agreement to sell its 65% interest in the Advance Auto Parts store in Indianapolis, Indiana to an unrelated third party. On July 29, 2025, the sale closed with the Partnership receiving net proceeds of $920,594, which resulted in a net gain of $200,237. At the time of sale, the cost and related accumulated depreciation was $1,244,173 and $523,816, respectively. </span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>For properties owned as of December 31, 2025, the minimum future rent payments required by the leases are as follows:</span> </div> <table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2026</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">419,962</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2027</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">426,548</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2028</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">354,161</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2029</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">200,430</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2030</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">100,215</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">Thereafter</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">0</span> </div> </td> </tr> <tr style="vertical-align: top; height: 21.6pt;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">1,501,316</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>There were no contingent rents recognized in 2025 and 2024.</span> </div> properties not held for sale<table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 213.85pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 57.6pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 57.6pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 57.6pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 57.6pt;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div> <span style="text-decoration: underline;">Property</span> </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="text-align: center;"> <span style="text-decoration: underline;">Land</span> </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="text-align: center;"> <span style="text-decoration: underline;">Buildings</span> </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="text-align: center;"> <span style="text-decoration: underline;">Total</span> </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="text-align: center;"> <span>Accumulated</span> </div> <div style="text-align: center;"> <span style="text-decoration: underline;">Depreciation</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span>DaVita, Hempstead, TX</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">629,728</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">2,069,828</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">2,699,556</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">269,077</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span>Talecris Plasma Facility, Dallas, TX</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">585,423</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">1,707,998</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">2,293,421</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">370,067</span> </div> </td> </tr> <tr style="vertical-align: top; height: 21.6pt;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">1,215,151</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">3,777,826</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">4,992,977</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">639,144</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 213.85pt; padding-left: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 57.6pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> 629728 2069828 2699556 269077 585423 1707998 2293421 370067 1215151 3777826 4992977 639144 165238 205532 acquired lease intangibles not held for sale<table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 216pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 52.55pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 64.8pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 52.55pt;"> </td> <td style="width: 7.2pt;"> </td> <td style="width: 64.8pt;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td colspan="3" style="padding: 0; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>2025</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td colspan="3" style="padding: 0; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>2024</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 52.55pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Cost</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 64.8pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Accumulated Amortization</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 52.55pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Cost</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 64.8pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Accumulated Amortization</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div> <span>In-Place Lease Intangibles</span> </div> <div> <span>   </span><span style="font-size: 8.0pt;">(weighted average life of 43 and 55 months, respectively)</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">558,153</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">305,387</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">558,153</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">234,881</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div> <span>Above-Market Lease Intangibles</span> </div> <div> <span>   </span><span style="font-size: 8.0pt;">(weighted average life of 39 and 51 months, respectively)</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">246,229</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">145,506</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">246,229</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">114,631</span> </div> </td> </tr> <tr style="vertical-align: top; height: 25.2pt;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div> <span>          Acquired Intangible Lease Assets</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt; vertical-align: 5pt;">$</span> </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">804,382</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">450,893</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt; vertical-align: 5pt;">$</span> </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">804,382</span> </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt; vertical-align: 5pt;">$</span> </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">349,512</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 216pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 52.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 7.2pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 64.8pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> P43M P55M 558153 305387 558153 234881 P39M P51M 246229 145506 246229 114631 804382 450893 804382 349512 70506 30875 estimated amortization<table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 47.5pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 26.65pt;"> </td> <td style="width: 108pt;"> </td> <td style="width: 9.35pt;"> </td> <td style="width: 26.65pt;"> </td> <td style="width: 108pt;"> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Amortization Expense for</span> </div> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>In-Place Lease Intangibles</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td colspan="2" style="padding: 0; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>Decrease to Rental Income</span> </div> <div style="border-bottom: 1pt solid black; text-align: center;"> <span>for Above-Market Leases</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2026</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">70,506</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">30,875</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2027</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">70,506</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">30,875</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2028</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">58,777</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">23,927</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2029</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">35,318</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">10,031</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2030</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">17,659</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">5,015</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">252,766</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">100,723</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 47.5pt; padding-left: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 26.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 108pt; padding-left: 5.75pt; padding-right: 36pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> 70506 30875 70506 30875 58777 23927 35318 10031 17659 5015 252766 100723 661301 32817 1645000 1016516 920594 200237 1244173 523816 minimum future rent payment<table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2026</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">419,962</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2027</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">426,548</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2028</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">354,161</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2029</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">200,430</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">2030</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">100,215</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="font-size: 11.0pt;">Thereafter</span> </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">0</span> </div> </td> </tr> <tr style="vertical-align: top; height: 21.6pt;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">1,501,316</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 90pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 10.8pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> 419962 426548 354161 200430 100215 0 1501316 <div style="text-align: justify; font-weight: bold;"> <span>(5)  Major Tenants –</span> </div> <div style="text-align: justify;">  </div> <div style="text-align: justify;"> <span>The following schedule presents rental income from individual tenants, or affiliated groups of tenants, who each contributed more than ten percent of the Partnership's total rental income for the years ended December 31:</span> </div> <div style="text-align: justify;">  </div> <table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="text-decoration: underline;">Tenants</span> </div> </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2025</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2024</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;">  </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Bollinger Dialysis, LLC</span> </div> </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">181,289</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">172,178</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Talecris Plasma Resources, Inc.</span> </div> </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">192,294</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">186,087</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Advance Stores Company</span> </div> </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">43,799</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">81,861</span> </div> </td> </tr> <tr style="vertical-align: top; height: 32.4pt;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span>Aggregate rental income of major tenants</span> </div> </td> <td style="padding: 0; width: 7.2pt;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">417,382</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">440,126</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; vertical-align: bottom;"> <div> <span>Aggregate rental income of major tenants</span> </div> <div> <span>as a percentage of total rental income</span> </div> </td> <td style="padding: 0; width: 7.2pt;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">100%</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">100%</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> Major Tenants<table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span style="text-decoration: underline;">Tenants</span> </div> </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2025</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2024</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;">  </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Bollinger Dialysis, LLC</span> </div> </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">181,289</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">172,178</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Talecris Plasma Resources, Inc.</span> </div> </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">192,294</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">186,087</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Advance Stores Company</span> </div> </td> <td style="padding: 0; width: 7.2pt;">  </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">43,799</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">81,861</span> </div> </td> </tr> <tr style="vertical-align: top; height: 32.4pt;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; vertical-align: middle;"> <div> <span>Aggregate rental income of major tenants</span> </div> </td> <td style="padding: 0; width: 7.2pt;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">417,382</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">440,126</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; vertical-align: bottom;"> <div> <span>Aggregate rental income of major tenants</span> </div> <div> <span>as a percentage of total rental income</span> </div> </td> <td style="padding: 0; width: 7.2pt;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">100%</span> </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">100%</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 230.4pt; padding-left: 5.75pt; vertical-align: bottom;">  </td> <td style="padding: 0; width: 7.2pt;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 79.2pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 9.35pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 72pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> 181289 172178 192294 186087 43799 81861 417382 440126 1 1 <div style="text-align: justify; font-weight: bold;"> <span>(6)  Partners’ Capital –</span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify;"> <span>For the years ended December 31, 2025 and 2024, the Partnership declared distributions of $1,282,247 and $276,879, respectively. The Limited Partners were allocated declared distributions of $1,263,982 and $268,572 and the General Partners were allocated declared distributions of $18,265 and $8,307 for the years ended December 31, 2025 and 2024, respectively. The Limited Partners' distributions represented $111.25 and $22.86 per Limited Partnership Unit outstanding using 11,362 and 11,749 weighted average Units in 2025 and 2024, respectively. The distributions represented $111.25 and $22.86 per Unit of Net Income and $0 per Unit of return of capital in 2025 and 2024, respectively. </span> </div> <div style="text-align: justify; font-size: 7pt;">  </div> <div style="text-align: justify;"> <span>The Partnership may repurchase Units from Limited Partners who have tendered their Units to the Partnership. Such Units may be acquired at a discount. The Partnership will not be obligated to purchase in any year any number of Units that, when aggregated with all other transfers of Units that have occurred since the beginning of the same calendar year (excluding Permitted Transfers as defined in the Partnership Agreement), would exceed 5% of the total number of Units outstanding on January 1 of such year. In no event shall the Partnership be obligated to purchase Units if, in the sole discretion of the Managing General Partner, such purchase would impair the capital or operation of the Partnership.</span> </div> <div style="text-align: justify; font-size: 9pt;">  </div> <div style="text-align: justify;"> <span>During 2025, the Partnership repurchased a total of 720.72 Units for $380,973 from 32 Limited Partners in accordance with the Partnership Agreement. The Partnership acquired these Units using net sales proceeds. The repurchases increase the remaining Limited Partners' ownership interest in the Partnership. As a result of these repurchases and pursuant to the Partnership Agreement, the General Partners received distributions of $3,848 in 2025. During 2024, the Partnership did not repurchase any Units from the Limited Partners.</span> </div><div style="text-align: center; font-weight: bold;"> <span>AEI INCOME &amp; GROWTH FUND XXII LIMITED PARTNERSHIP</span> </div> 1282247 276879 1263982 268572 18265 8307 111.25 22.86 11362 11749 111.25 22.86 720.72 380973 3848 <div style="text-align: justify; font-weight: bold;"> <span>(7)  Income Taxes – </span> </div> <div style="text-align: justify; font-size: 6pt;">  </div> <div style="text-align: justify;"> <span>The following is a reconciliation of net income for financial reporting purposes to income reported for federal income tax purposes for the years ended December 31:</span> </div> <div style="text-align: justify; font-size: 6pt;">  </div> <table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2025</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2024</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Net Income for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">241,738</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">16,521</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Depreciation for Tax Purposes Under Depreciation</span> </div> <div> <span>    and Amortization for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">127,533</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">121,412</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Income Accrued for Tax Purposes Under</span> </div> <div> <span>    Income for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">2,046</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">16,477</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Gain on Sale of Real Estate for Tax Purposes</span> </div> <div> <span>  Under Gain for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 2.15pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">(190,234)</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 2.15pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">(595,672)</span> </div> </td> </tr> <tr style="vertical-align: top; height: 21.6pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="margin-left: 36pt;"> <span>Taxable Income to Partners</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; border-top: 1pt solid black; padding-right: 2.15pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">181,083</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; border-top: 1pt solid black; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">(441,262)</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> <div style="text-align: justify;"> <span>The following is a reconciliation of Partners' capital for financial reporting purposes to Partners' capital reported for federal income tax purposes for the years ended December 31:</span> </div> <div style="text-align: justify; font-size: 4pt;">  </div> <table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2025</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2024</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Partners' Capital for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">5,031,293</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">6,456,623</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Adjusted Tax Basis of Investments in Real Estate</span> </div> <div> <span>    Over Net Investments in Real Estate</span> </div> <div> <span>    for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">540,733</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">601,388</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Syndication Costs Treated as Reduction</span> </div> <div> <span>    of Capital For Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">2,418,726</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">2,418,726</span> </div> </td> </tr> <tr style="vertical-align: top; height: 21.6pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="margin-left: 36pt;"> <span>Partners' Capital for Tax Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">7,990,752</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">9,476,737</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> reconciliation of net income for financial reporting<table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2025</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2024</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Net Income for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">241,738</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">16,521</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Depreciation for Tax Purposes Under Depreciation</span> </div> <div> <span>    and Amortization for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">127,533</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">121,412</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Income Accrued for Tax Purposes Under</span> </div> <div> <span>    Income for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">2,046</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">16,477</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Gain on Sale of Real Estate for Tax Purposes</span> </div> <div> <span>  Under Gain for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 2.15pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">(190,234)</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 2.15pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">(595,672)</span> </div> </td> </tr> <tr style="vertical-align: top; height: 21.6pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="margin-left: 36pt;"> <span>Taxable Income to Partners</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; border-top: 1pt solid black; padding-right: 2.15pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">181,083</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; border-top: 1pt solid black; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">(441,262)</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> 241738 16521 127533 121412 2046 16477 -190234 -595672 181083 -441262 reconciliation of Partners' capital for financial reporting<table style="font-size: 12pt; border-spacing: 0px; border-collapse: collapse; margin: auto;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2025</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: center;"> <span style="text-decoration: underline;">2024</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Partners' Capital for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">5,031,293</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">6,456,623</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Adjusted Tax Basis of Investments in Real Estate</span> </div> <div> <span>    Over Net Investments in Real Estate</span> </div> <div> <span>    for Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">540,733</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="text-align: right;"> <span style="font-size: 11.0pt;">601,388</span> </div> </td> </tr> <tr style="vertical-align: top; height: 7.2pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;"> <div> <span>Syndication Costs Treated as Reduction</span> </div> <div> <span>    of Capital For Financial Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">2,418,726</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 1pt solid black; text-align: right;"> <span style="font-size: 11.0pt;">2,418,726</span> </div> </td> </tr> <tr style="vertical-align: top; height: 21.6pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="margin-left: 36pt;"> <span>Partners' Capital for Tax Reporting Purposes</span> </div> </td> <td style="padding: 0; width: 8.65pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">7,990,752</span> </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: bottom;"> <div style="margin-bottom: 2pt; text-align: right;"> <span style="font-size: 11.0pt;">$</span> </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: bottom;"> <div style="border-bottom: 3px double black; text-align: right;"> <span style="font-size: 11.0pt;">9,476,737</span> </div> </td> </tr> <tr style="vertical-align: top; height: 1.45pt;"> <td style="padding: 0; width: 306pt; padding-left: 5.75pt; padding-right: 5.75pt; vertical-align: middle;">  </td> <td style="padding: 0; width: 8.65pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 23.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> <td style="padding: 0; width: 70.55pt; padding-right: 5.75pt; vertical-align: middle;"> <div style="text-align: right; font-size: 11pt;">  </div> </td> </tr> </table> 5031293 6456623 540733 601388 2418726 2418726 7990752 9476737 None None true true true true 0001023458 false FY