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Lease Intangibles | 12 Months Ended
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Dec. 31, 2014
Lease Intangible Assets [Abstract] |
Lease Intangible Assets Disclosure [Text Block] |
5. Lease Intangibles
The following table summarizes the net value of other intangible assets and the accumulated amortization for each
class of intangible asset:
|  |  | December 31, 2014 |  |  | December 31, 2013
|  |  | Lease |  |  | Accumulated |  |  | Lease |  |  | Lease |  |  | Accumulated |  |  | Lease
|  |  | intangibles |  |  | amortization |  |  | intangibles, net |  |  | intangibles |  |  | amortization |  |  | intangibles, net
In-place leases | $ | 4,255,565 |  |  | (1,842,782) |  |  | 2,412,783 |  | $ | 2,015,459 |  | $ | (1,493,808) |  | $ | 521,651
Leasing costs |  | 3,228,415 |  |  | (1,214,967) |  |  | 2,013,448 |  |  | 1,448,985 |  |  | (999,444) |  |  | 449,541
Tenant relationships |  | 332,721 |  |  | (332,721) |  |  | - |  |  | 332,721 |  |  | (332,721) |  |  | -
Above-market leases |  | 1,977,113 |  |  | (1,202,821) |  |  | 774,292 |  |  | 1,614,114 |  |  | (1,018,516) |  |  | 595,598
| Total | $ | 9,793,814 |  | $ | (4,593,291) |  | $ | 5,200,523 |  | $ | 5,411,279 |  | $ | (3,844,489) |  | $ | 1,566,790
Aggregate amortization expense for the Company’s other intangible assets is as follows: $673,000 (2015), $314,000 (2016), $169,000 (2017), $132,000 (2018), $93,000 (2019) and $3,819,000 (thereafter). The weighted average amortization period for the intangible assets as of December 31, 2014 was 5.6 years.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 + Details
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