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Lease Intangibles (Tables)

9 Months Ended

Sep. 30, 2018

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:

		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

Amortization Expense for the Company Lease Intangible Assets

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

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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://fasb.org/us-gaap/role/ref/legacyRef
-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

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-Name Accounting Standards Codification
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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

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-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

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