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Acquired Lease Intangible Liability, Net (Tables) | 9 Months Ended
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Sep. 30, 2021
Below Market Lease [Abstract] |
Summary of Acquired Lease Intangible Liability | Acquired lease intangible liability is comprised of the following:
| September 30, |  | December 31,
| 2021 |  | 2020
Acquired lease intangible liability | $845,063 |  | $585,792
Less: recognized rental income | (236,366) |  | (170,144)
Total below market lease, net | $608,697 |  | $415,648
Summary of Future Amortization for Intangible Liabilities | The future amortization for intangible liabilities is listed below:
| As of September 30, 2021
2021 (three months) | $31,300
2022 | 86,700
2023 | 86,700
2024 | 86,700
2025 | 86,700
Thereafter | 230,600
| $608,700

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- Definition Summary of acquired lease intangible liability. + References No definition available. + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of the amount of amortization income expected to be recorded in succeeding fiscal years for leases acquired as part of a real property acquisition at below market lease rate with a finite life. + References No definition available. + Details
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