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Lease Intangibles | 9 Months Ended
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Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract] |
Lease Intangibles | 5. LEASE INTANGIBLES The following table summarizes the net value of other intangible assets acquired and the accumulated amortization for each class of intangible asset:
|  | September 30, 2018 |  |  | December 31, 2017 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 5,592,418 |  |  | $ | (3,970,544 | ) |  | $ | 1,621,875 |  |  | $ | 5,592,418 |  |  | $ | (3,531,441 | ) |  | $ | 2,060,977 |
Leasing costs |  |  | 3,727,331 |  |  |  | (2,408,170 | ) |  |  | 1,319,161 |  |  |  | 3,727,332 |  |  |  | (2,088,799 | ) |  |  | 1,638,533 |
Above-market leases |  |  | 684,542 |  |  |  | (296,295 | ) |  |  | 388,247 |  |  |  | 784,404 |  |  |  | (347,218 | ) |  |  | 437,186 |
|  | $ | 10,004,291 |  |  | $ | (6,675,008 | ) |  | $ | 3,329,283 |  |  | $ | 10,104,154 |  |  | $ | (5,967,458 | ) |  | $ | 4,136,696 |
As of September 30, 2018 and December 31, 2017, $1,007,360 and $1,007,360, respectively, of net lease intangible assets were included in real estate assets held for sale. The net value of acquired intangible liabilities was $1,218,148 and $1,390,372 relating to below-market leases as of September 30, 2018 and December 31, 2017, respectively. Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows:
Three months remaining in 2018 |  | $ | 303,965 |
Years ending December 31: |  |  |  |
2019 |  |  | 885,806 |
2020 |  |  | 696,573 |
2021 |  |  | 497,459 |
2022 |  |  | 369,255 |
Thereafter |  |  | 576,225 |
Total |  | $ | 3,329,283 |
The weighted average remaining amortization period of the intangible assets as of September 30, 2018 is 2.9 years.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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