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Intangible Assets

12 Months Ended

Dec. 31, 2022

6. Intangible assets

The components of intangible assets, net, as of December 31, 2022 and 2021 were as follows (in thousands):



	December 31,
	2022		2021
Lease-in-place agreements	$	1,053	$	1,053
Leasing commissions and other		290		246
Gross intangible assets	$	1,343	$	1,299
Accumulated amortization		(721)		(224)
Intangible assets, net	$	622	$	1,075

Amortization expense for intangible assets was $497,000 and $224,000 for the years ended December 31, 2022 and 2021, respectively. There was no amortization expense for the year ended December 31, 2020.

Amortization expense for finite-lived intangible assets is expected to be as follows (in thousands):



For the year ending December 31,
2023		451
2024		167
2025		4
Total amortization	$	622