The gross carrying amount and accumulated amortization of the Company’s real estate related intangible assets consisted of the following as of June 30, 2026 and December 31, 2025 ($ in thousands):


	June 30, 2026			December 31, 2025
Intangible assets:
In-place lease intangibles	$	18,502		$	18,502
Tenant origination costs		23,414			23,414
Total		41,916			41,916
Accumulated amortization:
In-place lease intangibles		(2,910	)		(2,043	)
Tenant origination costs		(4,016	)		(2,904	)
Real estate intangible assets, net	$	34,990		$	36,969

The intangible assets associated with the properties are amortized over the remaining lease terms. As a result, the Company’s real estate related intangibles have a weighted average amortization period of approximately 8.9 years remaining.

The estimated future amortization of the Company’s real estate related intangibles for each of the next five years and thereafter as of June 30, 2026, is as follows ($ in thousands):


	In-Place Lease Intangibles		Tenant Origination Costs			Total
2026 (remaining)	$	867	$	1,114	$		1,981
2027		1,733		2,226			3,959
2028		1,733		2,226			3,959
2029		1,733		2,226			3,959
2030		1,733		2,226			3,959
2031		1,733		2,226			3,959
Thereafter		6,060		7,154			13,214
Total	$	15,592	$	19,398	$		34,990