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OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables) | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Liabilities and Related Accumulated Amortization and Accretion | A schedule of our intangible assets and liabilities and related accumulated amortization and accretion as of December 31, 2021 and 2020, is as follows:
| As of December 31,
| 2021 |  | 2020
| (in thousands)
Intangible assets: |  |  |
Acquired in-place leases, net of accumulated amortization of $9,030 and $9,228, respectively, with an average useful life of 9 and 8 years, respectively | $ | 2,266 |  |  | $ | 3,316 |
Acquired above-market leases, net of accumulated amortization of $27 and $15, respectively, both with an average useful life of 6 years | 28 |  |  | 40 |
Trade name and license | 2,957 |  |  | 2,957 |
Total intangible lease assets, net | $ | 5,251 |  |  | $ | 6,313 |
Intangible lease liabilities: |  |  |
Acquired below-market leases, net of accumulated amortization of $1,134 and $1,786, respectively, with an average useful life of 5 and 4 years, respectively | $ | 237 |  |  | $ | 587 |
Schedule of Amortization of Acquired Leases | During the years ended December 31, 2021 and 2020, the Company recognized amortization related to its intangible assets and liabilities as follows:
| Year Ended December 31,
| 2021 |  | 2020 |  |
| (in thousands)
Acquired above-market lease amortization | $ | 12 |  |  | $ | 10 |  |  |
Acquired in-place lease amortization | $ | 1,050 |  |  | $ | 1,364 |  |  |
Acquired below-market lease amortization | $ | 350 |  |  | $ | 700 |  |  |
Schedule of Future Amortization and Accretion of Acquisition Related Intangible Assets and Liabilities | A schedule of future amortization and accretion of acquired intangible assets and liabilities as of December 31, 2021, is as follows:
|  | Assets |  |  |  |  |  | Liabilities
|  | Acquired |  | Acquired |  |  |  |  |  | Acquired
|  | Above-Market |  | In-Place |  |  |  |  |  | Below-Market
Years Ending December 31, |  | Leases |  | Leases |  |  |  |  |  | Leases
|  | (in thousands)
2022 |  | $ | 12 |  |  | $ | 813 |  |  |  |  |  |  | $ | (236) |
2023 |  | 10 |  |  | 470 |  |  |  |  |  |  | (1) |
2024 |  | 5 |  |  | 374 |  |  |  |  |  |  | — |
2025 |  | 1 |  |  | 171 |  |  |  |  |  |  | — |
2026 |  | — |  |  | 123 |  |  |  |  |  |  | — |
Thereafter |  | — |  |  | 315 |  |  |  |  |  |  | — |
|  | $ | 28 |  |  | $ | 2,266 |  |  |  |  |  |  | $ | (237) |

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- 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
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