XML 33 R22.htm IDEA: XBRL DOCUMENT v3.19.3

LEASE INTANGIBLES (Tables)

9 Months Ended

Sep. 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:

			September 30, 2019																														December 31, 2018
			Lease Intangibles						Accumulated Amortization						Lease Intangibles, net						Lease Intangibles						Accumulated Amortization						Lease Intangibles, net
In-place leases			$	4,360,027					$	(3,188,320)					$	1,171,707					$	4,958,477					$	(3,467,781)					$	1,490,696
Leasing costs			2,937,977						(1,943,128)						994,849						3,628,080						(2,405,514)						1,222,566
Above-market leases			333,485						(228,069)						105,416						439,878						(291,666)						148,212
			$	7,631,489					$	(5,359,517)					$	2,271,972					$	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:

Three months remaining in 2019			$	142,408
Years ending December 31:
2020			687,974
2021			510,215
2022			360,116
2023			173,785
Thereafter			397,474
Total			$	2,271,972

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ 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

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration