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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2019
Accounting Policies [Abstract] |
Useful Lives of Depreciable Assets | Depreciation expense is computed using the straight-line method based on the following useful lives:
| Years
Buildings and Improvements | 7 to 50
Land Improvements | 3 to 20
Furniture, Fixtures and Equipment | 3 to 10
Tenant Improvements | Lease Term
Summary of Deferred Leasing Intangibles | Deferred leasing intangibles, net of accumulated amortization, included in our total assets and total liabilities consist of the following:
| December 31, 2019 |  | December 31, 2018
In-Place Leases | $ | 20,188 |  |  | $ | 19,971 |
Above Market Leases | 2,197 |  |  | 2,569 |
Below Market Ground Lease Obligation | 1,597 |  |  | 1,643 |
Tenant Relationships | 4,551 |  |  | 5,495 |
Total Included in Total Assets, Net of $29,541 and $26,337 of Accumulated Amortization | $ | 28,533 |  |  | $ | 29,678 |
Below Market Leases | $ | 11,893 |  |  | $ | 9,560 |
Total Included in Total Liabilities, Net of $13,045 and $11,356 of Accumulated Amortization | $ | 11,893 |  |  | $ | 9,560 |
Future Amortization Expense Related to Deferred Leasing Intangibles | We will recognize net amortization expense related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2019 as follows:
| Estimated Amortization of In-Place Leases and Tenant Relationships |  | Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases
2020 | $ | 6,166 |  |  | $ | 1,716 |
2021 | $ | 4,052 |  |  | $ | 1,262 |
2022 | $ | 3,631 |  |  | $ | 1,225 |
2023 | $ | 3,197 |  |  | $ | 973 |
2024 | $ | 2,425 |  |  | $ | 993 |

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