FINANCIAL RESULTS
Albanese Cormier Holdings, LLC and Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Years ended December 31, 2025 and 2024
7.
Intangible Assets and Liabilities, continued Future amortization of intangible assets and liabilities as of December 31, 2025: is as follows:
Above Market Leases
Below Market Leases
In-Place Leases
Origination costs
Total
2026 2027 2028 2029 2030
$ 1,241,907 (2,193,220) $ $ 1,156,141 2,147,234 $ $ 2,352,062
1,078,474 (2,141,622)
1,113,234 2,093,076 1,084,983 2,054,204 1,041,682 1,993,633 1,019,646 1,958,009 2,575,004 5,600,935 7,990,690 15,847,091
2,143,162 1,989,950 1,855,438 1,785,216 3,323,482 13,449,310
959,371 911,106 888,712 971,264
(2,108,608) (2,090,983) (2,081,151) (5,823,721)
Thereafter
Total
6,050,834 (16,439,305)
8. Acquisition of Real Estate The company acquired 5 property during December 2025, 1 property during April 2024 and 1 property during October 2024. The Company has accounted for the acquisitions under U.S. GAAP with the assets and liabilities of the acquired property recorded as of the acquisition date, at their respective fair values. The following table summarizes the assets acquired and the fair value of the identified assets acquired and liabilities assumed at the acquisition date. The acquisitions were funded by loans and capital contributions. 2025 2024 Land $ 19,874,387 $ 21,287,203 Buildings 180,075,613 41,162,797 Total purchase price $ 199,950,000 $ 62,450,000 9. Disposition of Real Estate Durning 2025, the company sold property known as Cedar Place (June 2025), Copiah Trade Center (July 2025), Phoenix Square (April 2025), Sweetwater (August 2025) and Silver State (October 2025). Durning 2024, the company sold property known as Cross Creek Shopping Center (July 2024), Amberwood Center (July 2024), Winnie Apartments (August 2024), Catawba Village (October 2024), Adams Dairy Landing (October 2024), and Rivergate Square (November 2024). The aggregate gross sales proceeds from these transactions totaled $37,555,000 and $10,117,500 and generated the company’s share of the gains of approximately $14,731,224 and $2,510,548 as of December 31, 2025 and 2024.
20
88
Made with FlippingBook - Share PDF online