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Lease Intangibles (Tables) | 3 Months Ended
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Mar. 31, 2015
Lease Intangible Assets [Abstract] |
Net Value of Other Intangible Assets | The following table summarizes the net value of other intangible assets and the accumulated amortization for each class of intangible asset:
| March 31, 2015 |  | December 31, 2014
| Lease |  | Accumulated |  | Lease |  | Lease |  | Accumulated |  | Lease
| intangibles |  | amortization |  | Intangibles, net |  | intangibles |  | amortization |  | Intangibles, net
In-place leases | $ | 4,255,565 |  | $ | (2,038,772) |  | $ | 2,216,793 |  | $ | 4,255,565 |  | $ | (1,842,782) |  | $ | 2,412,783
Leasing costs |  | 3,228,415 |  |  | (1,335,466) |  |  | 1,892,949 |  |  | 3,228,415 |  |  | (1,214,967) |  |  | 2,013,448
Above-market leases |  | 1,977,113 |  |  | (1,262,194) |  |  | 714,919 |  |  | 1,977,113 |  |  | (1,202,821) |  |  | 774,292
Tenant relationships |  | 332,721 |  |  | (332,721) |  |  | - |  |  | 332,721 |  |  | (332,721) |  |  | -
| $ | 9,793,814 |  | $ | (4,969,153) |  | $ | 4,824,661 |  | $ | 9,793,814 |  | $ | (4,593,291) |  | $ | 5,200,523
Aggregate approximate amortization expense for the Company's lease intangible assets is as follows: $ 934,000
(2015), 853,000 (2016), $853,000 (2017), $688,000 (2018), $485,000 (2019) and $1,865,000 (thereafter). The
weighted average period for the intangible assets as of March 31, 2015 was 5.9 years.

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
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