Note 5 - Below-market Lease Intangibles

6 Months Ended

Jun. 30, 2019

Below-Market Lease Intangibles

The Company’s below-market lease intangibles liabilities are as follows:

	June 30, 2019			December 31, 2018
	(unaudited)
Below-market leases	$	23,178		$	23,178
Less accumulated amortization		(21,144	)		(20,255	)
Below-market leases, net	$	2,034		$	2,923

Rental income included amortization of below-market leases of

$435

and

$538

for the

three

months ended

June 30, 2019

and

2018,

respectively, and

$889

and

$1,076

for the

six

months ended

June 30, 2019

and

2018,

respectively.

Below-market leases as of

June 30, 2019,

amortize in future years as follows: