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Lease Intangibles | 3 Months Ended
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Mar. 31, 2019
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:
|  | March 31, 2019 |  |  | December 31, 2018 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 4,958,477 |  |  | $ | (3,590,585 | ) |  | $ | 1,367,892 |  |  | $ | 4,958,477 |  |  | $ | (3,467,781 | ) |  | $ | 1,490,696 |
Leasing costs |  |  | 3,628,080 |  |  |  | (2,496,491 | ) |  |  | 1,131,589 |  |  |  | 3,628,080 |  |  |  | (2,405,514 | ) |  |  | 1,222,566 |
Above-market leases |  |  | 439,878 |  |  |  | (309,121 | ) |  |  | 130,757 |  |  |  | 439,878 |  |  |  | (291,666 | ) |  |  | 148,212 |
|  | $ | 9,026,435 |  |  | $ | (6,396,197 | ) |  | $ | 2,630,238 |  |  | $ | 9,026,435 |  |  | $ | (6,164,961 | ) |  | $ | 2,861,474 |
As of March 31, 2019 and December 31, 2018, $953,062 and $1,000,618, of net lease intangible assets were included in real estate assets held for sale, respectively. The net value of acquired intangible liabilities was $448,328 and $495,927 relating to below-market leases as of March 31, 2019 and December 31, 2018, respectively. Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows:
Nine months remaining in 2019 |  | $ | 645,431 |
Years ending December 31: |  |  |  |
2020 |  |  | 687,974 |
2021 |  |  | 488,320 |
2022 |  |  | 378,394 |
2023 |  |  | 173,785 |
Thereafter |  |  | 256,334 |
Total |  | $ | 2,630,238 |
The weighted average remaining amortization period of the intangible assets as of March 31, 2019 is 3.4 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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