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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
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 16
Furniture, Fixtures and Equipment | 3 to 5
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, 2021 |  | December 31, 2020
In-Place Leases | $ | 15,428 |  |  | $ | 18,253 |
Above Market Leases | 1,621 |  |  | 1,948 |
Below Market Ground Lease Obligation | 1,507 |  |  | 1,552 |
Tenant Relationships | 2,760 |  |  | 3,458 |
Total Included in Total Assets, Net of $24,933 and $24,781 of Accumulated Amortization | $ | 21,316 |  |  | $ | 25,211 |
Below Market Leases | $ | 9,252 |  |  | $ | 11,064 |
Total Included in Total Liabilities, Net of $15,040 and $13,849 of Accumulated Amortization | $ | 9,252 |  |  | $ | 11,064 |
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, 2021 as follows:
| Estimated Amortization of In-Place Leases and Tenant Relationships |  | Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases
2022 | $ | 3,870 |  |  | $ | 1,353 |
2023 | $ | 3,325 |  |  | $ | 1,101 |
2024 | $ | 2,648 |  |  | $ | 1,120 |
2025 | $ | 2,082 |  |  | $ | 1,029 |
2026 | $ | 1,697 |  |  | $ | 942 |

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- Definition Tabular disclosure which describes the periods of time which an entity anticipates to receive utility from its property, plant and equipment (that is, the periods of time over which an entity allocates the initial cost of its property, plant and equipment). + References No definition available. + Details
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