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LEASE INTANGIBLES (Tables)
3 Months Ended
Mar. 31, 2020
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, 2020December 31, 2019
Lease
Intangibles
Accumulated
Amortization
Lease
Intangibles, net
Lease
Intangibles
Accumulated
Amortization
Lease
Intangibles, net
In-place leases$3,186,889  $(2,592,558) $594,331  $4,360,027  $(3,283,027) $1,077,000  
Leasing costs1,800,922  (1,455,228) 345,694  2,937,976  (2,002,711) 935,265  
Above-market leases333,485  (253,410) 80,075  333,485  (240,739) 92,746  
$5,321,296  $(4,301,196) $1,020,100  $7,631,488  $(5,526,477) $2,105,011  
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 2020$397,753  
Years ending December 31:
2021372,484  
2022202,479  
202317,663  
202417,663  
Thereafter12,058  
Total$1,020,100