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Lease Intangibles (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill And Intangible Assets Disclosure [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, 2016												December 31, 2015
		Lease Intangibles				Accumulated Amortization				Lease Intangibles, net				Lease Intangibles				Accumulated Amortization				Lease Intangibles, net
In-place leases		$	6,903,882			$	(2,989,707	)		$	3,914,175			$	6,903,882			$	(2,647,002	)		$	4,256,880
Leasing costs			4,816,858				(1,975,197	)		$	2,841,661				4,816,858				(1,766,578	)			3,050,280
Above-market leases			2,124,360				(1,462,330	)		$	662,030				2,124,360				(1,415,762	)			708,598
		$	13,845,100			$	(6,427,234	)		$	7,417,866			$	13,845,100			$	(5,829,342	)		$	8,015,758

Amortization Expense for the Company Lease Intangible Assets

Aggregate approximate amortization expense for the Company's lease intangible assets is as follows:



Nine months remaining in 2016		$	1,556,000
Years ending December 31:
2017			1,652,598
2018			1,132,151
2019			913,421
2020			708,769
Thereafter			1,454,927
Total		$	7,417,866