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Lease Intangibles (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Net Value of Other Intangible Assets

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