Copper Property CTL Pass Through Trust Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2021

The following table summarizes the allocated fair value by property type as of the Effective Date, including Retail Properties classified as held for sale:


Property Type	Ownership	Square Footage	Fair Value
Retail	Fee Simple	18,326	$	1,234,100
	Ground Leasehold	3,386	203,208
Warehouse	Fee Simple	10,109	497,900
		31,821	$	1,935,208

The following table presents the amortization during the next five years and thereafter related to the lease intangible assets and liabilities for properties owned as of June 30, 2021, excluding Retail Properties classified as held for sale:


	Period from July 1 to December 31, 2021		2022		2023		2024		2025		Thereafter		Total
Amortization of:
Above market lease intangibles (a)	$	4,174	$	8,347	$	8,347	$	8,347	$	8,347	$	125,204	$	162,766
In-place lease intangibles (a)	3,558		7,116		7,116		7,116		7,116		106,744		138,766
Lease intangible assets, net (b)	$	7,732	$	15,463	$	15,463	$	15,463	$	15,463	$	231,948	$	301,532

Below market lease intangibles (a)	$	4,043	$	8,086	$	8,086	$	8,086	$	8,086	$	121,296	$	157,683
Lease intangible liabilities, net (b)	$	4,043	$	8,086	$	8,086	$	8,086	$	8,086	$	121,296	$	157,683

(a) Represents the portion of the leases in which the Trust is the lessor. The amortization of above and below market lease intangibles is recorded as an adjustment to lease income and the amortization of in-place lease intangibles is recorded to depreciation and amortization expense.

(b) Lease intangible assets, net and lease intangible liabilities, net are presented net of $6,575 and $3,518 of accumulated amortization, respectively, as of June 30, 2021.