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Intangible Lease Asset/Liability
 12 Months Ended
Dec. 31, 2014
Intangible Lease Asset/Liability [Abstract]  
Intangible Lease Asset/Liability

Note 11. Intangible Lease Asset/Liability

 

Unamortized intangible lease liabilities that relate to below-market leases amounted to $23.8 million and $26.9 million at December 31, 2014 and December 31, 2013, respectively. Unamortized intangible lease assets that relate to above-market leases amounted to $0.1 million and $0.2 million at December 31, 2014 and December 31, 2013, respectively.

 

The unamortized balance of intangible lease liabilities at December 31, 2014 is net of accumulated amortization of $46.5 million, and will be credited to future operations through 2080 as follows:

 

 

 

 
2015 

 

$       3,230,000
2016 

 
2,722,000 
2017 

 
2,451,000 
2018 

 
2,198,000 
2019 

 
1,799,000 

Thereafter

 
11,376,000 

 

 

$     23,776,000