Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.23.3
Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2023
Significant Accounting Policies  
Summary of allocation for the acquisition of assets

    

Amount

Land

$

3,956,786

Building

 

4,935,714

Site improvements

 

359,249

Tenant improvements

 

1,182,842

Below-market lease intangible

 

(664,737)

Lease in-place intangible (included in Other assets)

 

568,460

Deferred leasing costs (included in Other assets)

 

386,923

Total

$

10,725,237

Summary of estimated annual amortization of acquired in-place lease intangible

2023 (3 months)

    

$

14,212

2024

 

56,846

2025

 

56,846

2026

 

56,846

2027

 

56,846

Thereafter

 

326,864

Total

$

568,460

Summary of estimated annual amortization of acquired below-market leases

2023 (3 months)

    

$

9,673

2024

 

38,692

2025

 

38,692

2026

 

38,692

2027

 

38,692

Thereafter

 

222,482

Total

$

386,923