v3.26.1
Acquired Lease Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2026
Above Market Leases [Member]  
Intangible Asset, Finite-Lived [Line Items]  
Schedule of Intangible Assets, Net

Above-market leases, net is comprised of the following:

 

 

As of June 30,

 

 

As of December 31,

 

 

2026

 

 

2025

 

Above-market leases

$

752,437

 

 

$

926,381

 

Accumulated amortization

 

(432,507

)

 

 

(454,037

)

Above-market leases, net

$

319,930

 

 

$

472,344

 

Schedule of Future Amortization for Intangible Assets The future amortization for above-market leases, net for subsequent years ending December 31, is listed below:

 

 

As of June 30,

 

 

2026

 

2026 (6 months remaining)

 

74,144

 

2027

 

148,288

 

2028

 

91,083

 

2029

 

6,415

 

2030

 

-

 

Thereafter

 

-

 

 

$

319,930

 

Leases Acquired In Place [Member]  
Intangible Asset, Finite-Lived [Line Items]  
Schedule of Intangible Assets, Net

In-place leases, net is comprised of the following:

 

 

As of June 30,

 

 

As of December 31,

 

 

2026

 

 

2025

 

In-place leases

$

6,785,804

 

 

$

8,518,021

 

Accumulated amortization

 

(3,248,464

)

 

 

(3,774,057

)

In-place leases, net

$

3,537,340

 

 

$

4,743,964

 

Schedule of Future Amortization for Intangible Assets The future amortization for in-place leases, net for subsequent years ending December 31, is listed below:

 

 

As of June 30,

 

 

2026

 

2026 (6 months remaining)

 

446,993

 

2027

 

845,008

 

2028

 

660,755

 

2029

 

483,594

 

2030

 

134,552

 

Thereafter

 

966,438

 

 

$

3,537,340