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Lease Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract] |
Net Value of Other Intangible Assets | Lease intangibles consist of the following:
|  | December 31, 2017 |  |  | December 31, 2016 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 4,958,477 |  |  | $ | (2,899,042 | ) |  | $ | 2,059,435 |  |  | $ | 6,180,817 |  |  | $ | (3,156,194 | ) |  | $ | 3,024,623 |
Leasing costs |  |  | 3,628,080 |  |  |  | (1,990,154 | ) |  |  | 1,637,926 |  |  | $ | 4,632,619 |  |  | $ | (2,339,434 | ) |  |  | 2,293,185 |
Above-market leases |  |  | 510,237 |  |  |  | (293,146 | ) |  |  | 217,091 |  |  |  | 1,850,193 |  |  |  | (1,538,348 | ) |  |  | 311,845 |
|  | $ | 9,096,794 |  |  | $ | (5,182,342 | ) |  | $ | 3,914,452 |  |  | $ | 12,663,629 |  |  | $ | (7,033,976 | ) |  | $ | 5,629,653 |
Amortization Expense for the Company Lease Intangible Assets | Aggregate approximate amortization expense for the Company's lease intangible assets is as follows:
Years ending December 31: |  |  |  |
2018 |  | $ | 1,103,919 |
2019 |  |  | 885,806 |
2020 |  |  | 697,113 |
2021 |  |  | 497,459 |
2022 |  |  | 369,255 |
Thereafter |  |  | 360,900 |
Total |  | $ | 3,914,452 |

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- 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
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- 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
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