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LEASE INTANGIBLES (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2020 | Dec. 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, 2020 |  |  | December 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 costs |  |  | 1,800,922 |  |  |  | (1,455,228 | ) |  |  | 345,694 |  |  |  | 2,937,976 |  |  |  | (2,002,711 | ) |  |  | 935,265 |
Above-market leases |  |  | 333,485 |  |  |  | (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 |
| Lease intangibles consist of the following:
|  | December 31, 2019 |  |  | December 31, 2018 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 4,360,027 |  |  | $ | (3,283,027 | ) |  | $ | 1,077,000 |  |  | $ | 4,958,477 |  |  | $ | (3,467,781 | ) |  | $ | 1,490,696 |
Leasing costs |  |  | 2,937,976 |  |  |  | (2,002,711 | ) |  |  | 935,265 |  |  |  | 3,628,080 |  |  |  | (2,405,514 | ) |  |  | 1,222,566 |
Above-market leases |  |  | 333,485 |  |  |  | (240,739 | ) |  |  | 92,746 |  |  |  | 439,878 |  |  |  | (291,666 | ) |  |  | 148,212 |
|  | $ | 7,631,488 |  |  | $ | (5,526,477 | ) |  | $ | 2,105,011 |  |  | $ | 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 2020 |  | $ | 397,753 |
Years ending December 31: |  |  |  |
2021 |  |  | 372,484 |
2022 |  |  | 202,479 |
2023 |  |  | 17,663 |
2024 |  |  | 17,663 |
Thereafter |  |  | 12,058 |
Total |  | $ | 1,020,100 |
| Aggregate approximate amortization expense for the Company’s lease intangible assets is as follows:
Year ending December 31, |  |  |  |
2020 |  | $ | 687,974 |
2021 |  |  | 510,215 |
2022 |  |  | 360,116 |
2023 |  |  | 173,785 |
2024 |  |  | 118,989 |
Thereafter |  |  | 253,932 |
Total |  | $ | 2,105,011 |

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