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v3.25.1

Acquired Lease Intangible Assets, Net (Tables) | 3 Months Ended
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Mar. 31, 2025
Above Market Leases [Member] |
Finite-Lived Intangible Assets [Line Items] |
Schedule of Intangible Assets, Net | Above-market leases, net is comprised of the following:
| As of March 31, |  |  | As of December 31, |
| 2025 |  |  | 2024 |
Above-market leases | $ | 1,657,256 |  |  | $ | 1,657,256 |
Accumulated amortization |  | (678,638 | ) |  |  | (576,867 | )
Above-market leases, net | $ | 978,618 |  |  | $ | 1,080,389 |
Schedule of Future Amortization for Intangible Assets | The future amortization for above-market leases, net for subsequent years ending December 31, is listed below:
| As of March 31, |
| 2025 |
2025 (9 months remaining) |  | 305,312 |
2026 |  | 380,037 |
2027 |  | 161,539 |
2028 |  | 104,334 |
2029 |  | 19,666 |
Thereafter |  | 7,730 |
| $ | 978,618 |
Leases Acquired In Place [Member] |
Finite-Lived Intangible Assets [Line Items] |
Schedule of Intangible Assets, Net | In-place leases, net is comprised of the following:
| As of March 31, |  |  | As of December 31, |
| 2025 |  |  | 2024 |
In-place leases | $ | 9,758,923 |  |  | $ | 8,847,484 |
Accumulated amortization |  | (3,490,925 | ) |  |  | (3,244,168 | )
In-place leases, net | $ | 6,267,998 |  |  | $ | 5,603,316 |
Schedule of Future Amortization for Intangible Assets | The future amortization for in-place leases, net for subsequent years ending December 31, is listed below:
| As of March 31, |
| 2025 |
2025 (9 months remaining) |  | 1,126,479 |
2026 |  | 1,408,029 |
2027 |  | 1,016,058 |
2028 |  | 828,107 |
2029 |  | 650,946 |
Thereafter |  | 1,238,379 |
| $ | 6,267,998 |

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