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Acquired Lease Intangible Assets, Net | 3 Months Ended
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Mar. 31, 2023
Intangible Assets Net Excluding Goodwill [Abstract] |
Acquired Lease Intangible Assets, Net | Note 4 – Acquired Lease Intangible Assets, net Acquired lease intangible assets, net is comprised of the following:
| As of March 31, |  |  | As of December 31, |
| 2023 |  |  | 2022 |
Acquired lease intangible assets | $ | 4,677,928 |  |  | $ | 4,677,928 |
Accumulated amortization |  | (1,658,133 | ) |  |  | (1,522,570 | )
Acquired lease intangible assets, net | $ | 3,019,795 |  |  | $ | 3,155,358 |
The amortization for lease intangible assets for the three months ended March 31, 2023 and 2022 was $135,563 and $113,992, respectively. The future amortization for acquired lease intangible assets, net for subsequent years ending December 31 is listed below:
| As of March 31, |
| 2023 |
2023 (9 months remaining) | $ | 407,391 |
2024 |  | 542,954 |
2025 |  | 509,815 |
2026 |  | 489,884 |
2027 |  | 394,952 |
Thereafter |  | 674,799 |
| $ | 3,019,795 |

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