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Real Estate (Tables) | 3 Months Ended
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Mar. 31, 2019
Real Estate [Abstract] |
Schedule of future minimum contractual rent payments | The future minimum contractual rent payments pursuant to the current lease terms are shown in the table below. The Company's current leases have expirations ranging from 2021 to 2044.
| As of March 31, 2019
Remaining 2019 | $ | 59,269 |
2020 | 80,495 |
2021 | 72,680 |
2022 | 73,541 |
2023 | 71,311 |
Thereafter | 457,574 |
Total | $ | 814,870 |
Schedule of allocated real estate asset value |
| March 31, 2019 |  | December 31, 2018
In-place lease valuation (above market) | $ | 4,046 |  |  | $ | 4,046 |
In-place lease valuation (above market), accumulated amortization | (1,215 | ) |  | (1,123 | )
Intangible assets, net | $ | 2,831 |  |  | $ | 2,923 |
In-place lease valuation (below market) | $ | (62,070 | ) |  | $ | (62,070 | )
In-place lease valuation (below market) - accumulated amortization | 17,091 |  |  | 15,841 |
In-place lease valuation (below market), net | $ | (44,979 | ) |  | $ | (46,229 | )
Tenant origination and absorption cost | $ | 240,364 |  |  | $ | 240,364 |
Tenant origination and absorption cost - accumulated amortization | (77,331 | ) |  | (71,364 | )
Tenant origination and absorption cost, net | $ | 163,033 |  |  | $ | 169,000 |
Schedule of estimated annual amortization (income) expense | The following table sets forth the estimated annual amortization (income) expense for in-place lease valuation and tenant origination and absorption costs as of March 31, 2019 for the next five years:
Year |  | In-Place Lease Valuation |  | Tenant Origination and Absorption Costs
Remaining 2019 |  | $ | (3,537 | ) |  | $ | 18,232 |
2020 |  | $ | (4,695 | ) |  | $ | 24,198 |
2021 |  | $ | (3,799 | ) |  | $ | 19,715 |
2022 |  | $ | (3,774 | ) |  | $ | 19,256 |
2023 |  | $ | (2,901 | ) |  | $ | 16,502 |

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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77888428&loc=SL77919396-209981 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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