XML 33 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Real Estate Investments (Tables)
9 Months Ended
Sep. 30, 2016
Real Estate [Abstract]  
Schedule of Real Estate Properties [Table Text Block]
The Company’s real estate investments consisted of the following as of September 30, 2016 and December 31, 2015 (in thousands, except number of properties):
 
 
 
September 30, 2016
 
December 31, 2015
 
 
 
 
 
 
 
 
 
Number of Properties
 
 
341
 
 
278
 
Gross Leasable Area
 
 
6,685
 
 
5,207
 
 
 
 
 
 
 
 
 
Land
 
$
295,311
 
$
225,274
 
Buildings
 
 
662,612
 
 
526,912
 
Property under Development
 
 
5,795
 
 
3,663
 
Gross Real Estate Investments
 
$
963,718
 
$
755,849
 
Less Accumulated Depreciation
 
$
(65,884)
 
 
(56,401)
 
Net Real Estate Investments
 
$
897,834
 
$
699,448
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
The following table details lease intangibles, net of accumulated amortization, as of September 30, 2016 and December 31, 2015 (in thousands):
 
 
 
September 30, 2016
 
December 31, 2015
 
 
 
 
 
 
 
 
 
Intangible Lease Asset - In-Place Leases
 
$
59,602
 
$
47,052
 
Less: Accumulated Amortization
 
 
(10,667)
 
 
(7,239)
 
Intangible Lease Asset - Above-Market Leases
 
 
94,968
 
 
61,241
 
Less: Accumulated Amortization
 
 
(11,936)
 
 
(7,367)
 
Intangible Lease Liability - Below-Market Leases
 
 
(35,530)
 
 
(21,164)
 
Less: Accumulated Amortization
 
 
6,165
 
 
4,029
 
Lease Intangible Asset, net
 
$
102,602
 
$
76,552