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OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables) | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Liabilities and Related Accumulated Amortization and Accretion | A schedule of the Company’s intangible assets and liabilities and related accumulated amortization and accretion as of June 30, 2022 and December 31, 2021 is as follows (in thousands):
| June 30, 2022 |  | December 31, 2021
Intangible assets: |  |  |
Acquired in-place leases, net of accumulated amortization of $8,657 and $9,030, respectively, both with an average useful life of 9 years | $ | 1,833 |  |  | $ | 2,266 |
Acquired above-market leases, net of accumulated amortization of $33 and $27, respectively, both with an average useful life of 6 years | 22 |  |  | 28 |
Trade name and license | 2,957 |  |  | 2,957 |
Total intangible lease assets, net | $ | 4,812 |  |  | $ | 5,251 |
Intangible lease liabilities: |  |  |
Acquired below-market leases, net of accumulated amortization of $1,056 and $1,134, respectively, both with an average useful life of 5 years | $ | 108 |  |  | $ | 237 |
Schedule of Amortization of Acquired Leases | During the three and six months ended June 30, 2022 and 2021, the Company recognized amortization related to its intangible assets and liabilities as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Acquired above-market lease amortization |  | $ | 3 |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | 6 |
Acquired in-place lease amortization |  | $ | 195 |  |  | $ | 257 |  |  | $ | 433 |  |  | $ | 553 |
Acquired below-market lease amortization |  | $ | 60 |  |  | $ | 84 |  |  | $ | 129 |  |  | $ | 199 |
Schedule of Future Amortization and Accretion of Acquired Intangible Assets and Liabilities | A schedule of future amortization and accretion of acquired intangible assets and liabilities as of June 30, 2022, is as follows (in thousands):
|  | Assets |  | Liabilities
Years Ending December 31, |  | Acquired Above-Market Leases |  | Acquired In-Place Leases |  | Acquired Below-Market Leases
2022 (Six months ending December 31, 2022) |  | $ | 6 |  |  | $ | 379 |  |  | $ | (106) |
2023 |  | 9 |  |  | 469 |  |  | (2) |
2024 |  | 5 |  |  | 374 |  |  | — |
2025 |  | 2 |  |  | 171 |  |  | — |
2026 |  | — |  |  | 123 |  |  | — |
Thereafter |  | — |  |  | 317 |  |  | — |
|  | $ | 22 |  |  | $ | 1,833 |  |  | $ | (108) |

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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets and liabilities. + References No definition available. + Details
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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 https://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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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