AEI Income & Growth Fund XXII Ltd Partnership is a U.S. real estate partnership that owns and operates income-producing properties and generates returns primarily from rental income and property cash flows. The partnership’s business model centers on acquiring properties with existing tenant leases and managing those leases over time, including renewals and tenant turnover. Its reporting emphasizes property-level valuation, purchase price allocation, and the accounting treatment of in-place leases and related intangibles. Results are therefore closely tied to occupancy, market rental rates, and the valuation assumptions used for property and lease-related assets.
61,9 %
57,9 %
−5,2 %
3.18
3.18
| % | |
|---|---|
| Rental operations (base rent and lease income) | 85% Rental income earned from tenants occupying the partnership’s properties under lease contracts. |
| Lease-related intangible amortization effects | 10% Non-cash adjustments to rental income/expense from amortizing above/below-market leases and in-place lease intangibles. |
| Property sales and other property-level income | 5% Gains/losses and ancillary income associated with property dispositions and other operating items. |
The partnership’s customers are the tenants that lease space in its owned properties and pay contractual rent...
Provide contracted rental cash flows; retention reduces vacancy and avoids re-leasing costs embedded in in-place lease valuations.
Extend occupancy and stabilize cash flows; renewals can include bargain renewal periods that affect below-market lease amortization.
Backfill space after expirations/terminations; typically require commissions, tenant improvements, and absorption time.
The partnership is based in the United States and its operations are tied to the local markets where its properties are...
The partnership’s strategy is oriented around owning stabilized, leased properties and preserving income through active...
Acquire/hold properties with in-place leases to support income
Manage renewals and re-leasing to limit downtime and lost rent
Underwrite market rent vs contractual rent to capture rent resets
Control leasing costs (commissions, tenant improvements) on turnover
Optimize hold-vs-sell decisions given market values and liquidity
A central company-specific risk is valuation and purchase price allocation risk: the partnership uses significant...
Fair values depend on assumptions for market rents, growth, discount/cap rates and interest rates; inaccuracies can misallocate purchase price and impact reported net income (loss).
Recoverability testing compares probability-weighted undiscounted cash flows (held/operated) or fair value less cost to sell (held for sale) to carrying value; assumption changes can cause material write-downs.
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: 11/08/2026