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Lease Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract] |
Net Value of Other Intangible Assets | Lease intangibles consist of the following:
|  | December 31, 2018 |  |  | December 31, 2017 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 4,958,477 |  |  | $ | (3,467,781 | ) |  | $ | 1,490,696 |  |  | $ | 4,958,477 |  |  | $ | (2,899,042 | ) |  | $ | 2,059,435 |
Leasing costs |  |  | 3,628,080 |  |  |  | (2,405,514 | ) |  |  | 1,222,566 |  |  |  | 3,628,080 |  |  |  | (1,990,154 | ) |  |  | 1,637,926 |
Above-market leases |  |  | 439,878 |  |  |  | (291,666 | ) |  |  | 148,212 |  |  |  | 510,237 |  |  |  | (293,146 | ) |  |  | 217,091 |
|  | $ | 9,026,435 |  |  | $ | (6,164,961 | ) |  | $ | 2,861,474 |  |  | $ | 9,096,794 |  |  | $ | (5,182,342 | ) |  | $ | 3,914,452 |
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: |  |  |  |
2019 |  | $ | 876,667 |
2020 |  |  | 687,974 |
2021 |  |  | 488,320 |
2022 |  |  | 360,116 |
2023 |  |  | 173,785 |
Thereafter |  |  | 274,612 |
Total |  | $ | 2,861,474 |

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