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Lease Intangibles (Tables) | 6 Months Ended
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Jun. 30, 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:
|  | June 30, 2019 |  |  | December 31, 2018 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 4,924,439 |  |  | $ | (3,654,980 | ) |  | $ | 1,269,459 |  |  | $ | 4,958,477 |  |  | $ | (3,467,781 | ) |  | $ | 1,490,696 |
Leasing costs |  |  | 3,593,077 |  |  |  | (2,524,054 | ) |  |  | 1,069,023 |  |  |  | 3,628,080 |  |  |  | (2,405,514 | ) |  |  | 1,222,566 |
Above-market leases |  |  | 339,414 |  |  |  | (221,327 | ) |  |  | 118,087 |  |  |  | 439,878 |  |  |  | (291,666 | ) |  |  | 148,212 |
|  | $ | 8,856,930 |  |  | $ | (6,400,361 | ) |  | $ | 2,456,569 |  |  | $ | 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:
Six months remaining in 2019 |  | $ | 500,709 |
Years ending December 31: |  |  |  |
2020 |  |  | 687,974 |
2021 |  |  | 510,215 |
2022 |  |  | 360,116 |
2023 |  |  | 173,785 |
Thereafter |  |  | 223,770 |
Total |  | $ | 2,456,569 |

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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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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