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Lease Termination Fee | 9 Months Ended
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Sep. 30, 2018
Lease Termination Fee |
Lease Termination Fee | Note 8 – Lease Termination Fee In July 2018, the Company received a $372,000 lease termination fee from a retail tenant in a lease buy-out transaction. In addition, the Company recorded $804,000 as rental income, representing the write-off of the $878,000 balance of the unamortized intangible lease liability, offset in part by the write-off of the $74,000 balance of the unbilled rent receivable related to this tenant. The Company re-leased this property simultaneously with the termination of the lease.

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