v3.26.1
Note 6 - Lease Intangible Assets
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

6.

Lease Intangible Assets

 

Lease intangible assets, net, consists of the following:

 

  

June 30, 2026

  

December 31, 2025

 

Acquired in-place lease

 $1,878  $1,878 

Above market leases

  1,151   1,151 
   3,029   3,029 

Accumulated amortization

  (467)  (319)

Total lease intangible assets

 $2,562  $2,710 

 

Amortization expense for the three and six months ended June 30, 2026 totaled approximately $0.1 million and $0.1 million, respectively. Amortization expense for the three and six months ended June 30, 2025 totaled approximately $0.1 million and $0.1 million, respectively. Less than $0.1 million of amortization expense is included within rental revenue within the consolidated statements of operations for all periods presented.