The following table details the gross carrying amount and accumulated amortization of intangible assets and liabilities, not considered discontinued operations, as of June 30, 2026 and December 31, 2025:

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Amortization expense, which was included in depreciation and amortization expense, was $130,628 for each of the three months ended June 30, 2026 and 2025, and $261,256 for each of the six months ended June 30, 2026 and 2025. The Company recognized an increase in rental revenue of $47,226 for each of the three months ended June 30, 2026 and 2025, and $94,452 for each of the six months ended June 30, 2026 and 2025, for the amortization of the aggregate below-market leases in excess of above-market leases.

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The following table represents the weighted average remaining useful lives of the intangible assets as of June 30, 2026:

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The following sets forth future annual amortization for acquisition-related intangibles for the next five years ended December 31 and thereafter:

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