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Intangible Lease Asset/Liability | 12 Months Ended
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Dec. 31, 2024
Intangible Lease Asset Liability [Abstract] |
Intangible Lease Asset/Liability | Intangible Lease Asset/Liability Unamortized intangible lease liabilities that relate to below market leases amounted to $1.3 million and $2.7 million at December 31, 2024 and 2023, respectively. The unamortized balance of intangible lease liabilities at December 31, 2024 is net of accumulated amortization of $15.2 million, and will be credited to future operations as follows:
2025 | $ | 181,000 |
2026 | 181,000 |
2027 | 181,000 |
2028 | 181,000 |
2029 | 181,000 |
Thereafter | 360,000 |
| $ | 1,265,000 |

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