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Intangible Lease Asset/Liability
 12 Months Ended
Dec. 31, 2015
Intangible Lease Asset/Liability [Abstract]  
Intangible Lease Asset/Liability

Note 10. Intangible Lease Asset/Liability

 

Unamortized intangible lease liabilities that relate to below-market leases amounted to $23.2 million and $23.8 million at December 31, 2015 and December 31, 2014, respectively. Unamortized intangible lease assets that relate to above-market leases amounted to $0.6 million and $0.1 million at December 31, 2015 and December 31, 2014, respectively.

The unamortized balance of intangible lease liabilities at December 31, 2015 is net of accumulated amortization of $40.7 million, and will be credited to future operations through 2080 as follows:

 

 

 

 

 
2016 

 

$       2,921,000
2017 

 

 2,667,000 
2018 

 

 2,538,000 
2019 

 

 2,254,000 
2020 

 

 1,703,000 

Thereafter

 

 11,104,000 

 

 

$     23,187,000