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Lease Intangibles (Tables)

12 Months Ended

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