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Lease Intangibles (Tables)

3 Months Ended

Mar. 31, 2019

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:

		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

Amortization Expense for the Company Lease Intangible Assets

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

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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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