XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Lease Intangibles (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract] |
Net Value of Other Intangible Assets | The following table summarizes the net value of other intangible assets acquired and the accumulated amortization for each class of intangible asset:
|  | June 30, 2017 |  |  | December 31, 2016 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 6,635,928 |  |  | $ | (4,150,414 | ) |  | $ | 2,485,514 |  |  | $ | 6,872,980 |  |  | $ | (3,840,670 | ) |  | $ | 3,032,310 |
Leasing costs |  |  | 4,622,792 |  |  |  | (2,709,250 | ) |  |  | 1,913,542 |  |  |  | 4,813,951 |  |  |  | (2,517,759 | ) |  |  | 2,296,192 |
Above-market leases |  |  | 2,124,360 |  |  |  | (1,641,992 | ) |  |  | 482,368 |  |  |  | 2,124,360 |  |  |  | (1,586,328 | ) |  |  | 538,032 |
|  | $ | 13,383,080 |  |  | $ | (8,501,656 | ) |  | $ | 4,881,424 |  |  | $ | 13,811,291 |  |  | $ | (7,944,757 | ) |  | $ | 5,866,534 |
Amortization Expense for the Company Lease Intangible Assets | Aggregate approximate amortization expense for the Company's lease intangible assets is as follows:
Six months remaining in 2017 |  | $ | 749,854 |
Years ending December 31: |  |  |  |
2018 |  |  | 1,320,270 |
2019 |  |  | 1,066,827 |
2020 |  |  | 850,757 |
2021 |  |  | 554,344 |
Thereafter |  |  | 339,372 |
Total |  | $ | 4,881,424 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: 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=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived 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 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration