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Acquired Lease Intangible Asset, Net | 9 Months Ended
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Sep. 30, 2021
Intangible Assets Net Excluding Goodwill [Abstract] |
Acquired Lease Intangible Asset, Net | Note 4 – Acquired Lease Intangible Asset, net Intangible assets, net is comprised of the following:
| September 30, |  |  | December 31, |
| 2021 |  |  | 2020 |
Acquired lease intangible assets | $ | 2,949,411 |  |  | $ | 3,014,149 |
Accumulated amortization |  | (896,918 | ) |  |  | (624,106 | )
Acquired lease intangible assets, net | $ | 2,052,493 |  |  | $ | 2,390,043 |
The amortization for lease intangible assets for the three and nine-months ended September 30, 2021 and 2020 was approximately $114,800 and $331,500 for 2021 and $102,600 and $307,800 for 2020, respectively. The future amortization for intangible assets is listed below:
| As of September 30, 2021
2021 (three months) | $104,000
2022 | 305,100
2023 | 305,100
2024 | 305,100
2025 | 305,100
Thereafter | 728,100
| $2,052,500

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