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Lease Intangibles | 9 Months Ended
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Sep. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract] |
Lease Intangibles | 5. LEASE INTANGIBLES The following table summarizes the net value of other intangible assets and the accumulated amortization for each class of intangible asset:
|  | September 30, 2015 |  |  | December 31, 2014 |
|  | Lease |  |  | Accumulated |  |  | Lease |  |  | Lease |  |  | Accumulated |  |  | Lease |
|  | intangibles |  |  | amortization |  |  | Intangibles, net |  |  | intangibles |  |  | amortization |  |  | Intangibles, net |
In-place leases |  | $ | 5,458,643 |  |  | $ | (2,378,147 | ) |  | $ | 3,080,496 |  |  | $ | 4,255,565 |  |  | $ | (1,842,782 | ) |  | $ | 2,412,783 |
Leasing costs |  |  | 4,194,901 |  |  |  | (1,578,737 | ) |  | $ | 2,616,164 |  |  |  | 3,228,415 |  |  |  | (1,214,967 | ) |  |  | 2,013,448 |
Above-market leases |  |  | 2,124,360 |  |  |  | (1,363,984 | ) |  | $ | 760,376 |  |  |  | 1,977,113 |  |  |  | (1,202,821 | ) |  |  | 774,292 |
Tenant relationships |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 332,721 |  |  |  | (332,721 | ) |  |  | - |
|  | $ | 11,777,904 |  |  | $ | (5,320,868 | ) |  | $ | 6,457,036 |  |  | $ | 9,793,814 |  |  | $ | (4,593,291 | ) |  | $ | 5,200,523 |
Aggregate approximate amortization expense for the Company's lease intangible assets is as follows: $ 509,000 (2015), $853,000 (2016), $1,607,000 (2017), $1,218,000 (2018), $848,000 (2019) and $1,422,000 (thereafter). The weighted average period for the intangible assets as of September 30, 2015 was 5.1 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 1 -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 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 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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