Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Depreciation expense is computed using the straight-line method based on the following useful lives:



	Years
Buildings and Improvements	7 to 50
Land Improvements	3 to 20
Furniture, Fixtures and Equipment	3 to 10
Tenant Improvements	Lease Term

Summary of Deferred Leasing Intangibles

Deferred leasing intangibles, net of accumulated amortization, included in our total assets and total liabilities consist of the following:



	December 31, 2019		December 31, 2018
In-Place Leases	$	20,188	$	19,971
Above Market Leases	2,197		2,569
Below Market Ground Lease Obligation	1,597		1,643
Tenant Relationships	4,551		5,495
Total Included in Total Assets, Net of $29,541 and $26,337 of Accumulated Amortization	$	28,533	$	29,678
Below Market Leases	$	11,893	$	9,560
Total Included in Total Liabilities, Net of $13,045 and $11,356 of Accumulated Amortization	$	11,893	$	9,560

Future Amortization Expense Related to Deferred Leasing Intangibles

We will recognize net amortization expense related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2019 as follows:



	Estimated Amortization of In-Place Leases and Tenant Relationships		Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases
2020	$	6,166	$	1,716
2021	$	4,052	$	1,262
2022	$	3,631	$	1,225
2023	$	3,197	$	973
2024	$	2,425	$	993