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Intangible Assets, net and Intangible Liabilities, net
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net and Intangible Liabilities, net Intangible Assets, net and Intangible Liabilities, net
Intangible assets, net and intangible liabilities, net consisted of the following (in thousands):
Intangible Assets, netIntangible Liabilities, net
December 31,December 31,
2024202320242023
Cost$797 $797 $2,723 $2,723 
Accumulated amortization— — (742)(706)
$797 $797 $1,981 $2,017 
The intangible assets represent the acquisition of the permanent exclusive docking easement for riverfront land located in front of the Hyatt Savannah hotel in Savannah, Georgia. This intangible asset is not subject to amortization and has a carrying value of $797,000 as of December 31, 2024 and 2023.
As of December 31, 2024 and 2023, intangible liabilities, net represents below market rate leases where the Company is the lessor. For the years ended December 31, 2024, 2023 and 2022 we recorded $36,000, $80,000, and $80,000, respectively, of other revenue related to leases where we are the lessor.
Estimated future amortization for intangible liabilities for each of the next five years and thereafter is as follows (in thousands):
2025$32 
202632 
202732 
202832 
202932 
Thereafter1,821 
Total$1,981