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Investments in Real Estate (Tables) | 6 Months Ended
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Jun. 30, 2022
Schedule of Acquired Properties | The following table details the properties acquired during the three and six months ended June 30, 2022.
﻿ | Fresenius-Chicago, IL |  | ﻿ | Starbucks -Tampa, FL |  | ﻿ | Kohl's -Tucson, AZ |  | ﻿ | Total |
Land | $ | 1,690,837 |  | ﻿ | $ | 1,443,262 |  | ﻿ | $ | - |  | ﻿ | $ | 3,134,099 |
Building and site improvements |  | 1,194,895 |  |  |  | 700,859 |  |  |  | 6,153,408 |  |  |  | 8,049,162 |
Tenant improvements |  | 55,041 |  | ﻿ |  | 20,504 |  | ﻿ |  | 349,136 |  | ﻿ |  | 424,681 |
Acquired lease intangible assets |  | 276,013 |  | ﻿ |  | 112,830 |  | ﻿ |  | 981,203 |  | ﻿ |  | 1,370,046 |
Total real estate investments | $ | 3,216,786 |  | ﻿ | $ | 2,277,455 |  | ﻿ | $ | 7,483,747 |  | ﻿ | $ | 12,977,988 |
Right of use asset |  | - |  |  |  | - |  |  |  | 6,304,334 |  |  |  | 6,304,334 |
Less Acquired lease intangible liabilities |  | (19,864 | ) |  |  | (13,497 | ) |  |  | (131,999 | ) |  |  | (165,360 | )
Less Right of use liability |  | - |  |  |  | - |  |  |  | (6,304,334 | ) |  |  | (6,304,334 | )
Total real estate investments, net | $ | 3,196,922 |  |  | $ | 2,263,958 |  | ﻿ | $ | 7,351,748 |  | ﻿ | $ | 12,812,628 |
Property of GSA-Manteo, NC and Irby Construction-Plant City, FL |
Schedule of Acquired Properties | The following table details the properties acquired during the three and six months ended June 30, 2021:
﻿ | GSA-Manteo, NC |  |  | Irby Construction-Plant City, FL |  |  | Total |
Land | $ | 341,949 |  | ﻿ | $ | 1,212,213 |  |  | $ | 1,554,162 |
Building and site improvements |  | 1,807,066 |  |  |  | 423,611 |  |  |  | 2,230,677 |
Tenant improvements |  | - |  | ﻿ |  | - |  |  |  | - |
Acquired lease intangible assets |  | 100,379 |  | ﻿ |  | 121,509 |  |  |  | 221,888 |
Total real estate investments | $ | 2,249,394 |  | ﻿ | $ | 1,757,333 |  |  | $ | 4,006,727 |
Less Acquired lease intangible liabilities |  | (511,620 | ) |  |  | - |  |  |  | (511,620 | )
Total real estate investments, net | $ | 1,737,774 |  |  | $ | 1,757,333 |  |  | $ | 3,495,107 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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- Details
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