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Lease Intangibles | 12 Months Ended
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Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract] |
Lease Intangibles | 5. LEASE INTANGIBLES Lease intangibles consist of the following:
|  | As of December 31, 2015 |  |  | As of December 31, 2014 |
|  | Lease |  |  | Accumulated |  |  | Lease Intangibles, |  |  | Lease |  |  | Accumulated |  |  | Lease Intangibles, |
|  | Intangibles |  |  | Amortization |  |  | net |  |  | Intangibles |  |  | Amortization |  |  | net |
In-place leases |  | $ | 6,903,882 |  |  | $ | (2,647,002 | ) |  | $ | 4,256,880 |  |  | $ | 4,255,565 |  |  | $ | (1,842,782 | ) |  | $ | 2,412,783 |
Leasing costs |  |  | 4,816,858 |  |  |  | (1,766,578 | ) |  |  | 3,050,280 |  |  |  | 3,228,415 |  |  |  | (1,214,967 | ) |  |  | 2,013,448 |
Above-market leases |  |  | 2,124,360 |  |  |  | (1,415,762 | ) |  |  | 708,598 |  |  |  | 1,977,113 |  |  |  | (1,202,821 | ) |  |  | 774,292 |
Tenant relationships |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 332,721 |  |  |  | (332,721 | ) |  |  | — |
Total |  | $ | 13,845,100 |  |  | $ | (5,829,342 | ) |  | $ | 8,015,758 |  |  | $ | 9,793,814 |  |  | $ | (4,593,291 | ) |  | $ | 5,200,523 |
Future aggregate amortization expense for the Company’s other intangible assets is as follows: $2,165,192 (2016), $1,652,832 (2017), $1,131,293 (2018), $913,181 (2019), $708,519 (2020) and $1,444,741 (thereafter). The weighted average amortization period for the intangible assets as of December 31, 2015 was approximately 4.5 years. Lease incentives are amortized over the term of the related lease and included as a reduction of rental income in the statement of income.

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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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