5.	*Intangible Assets*

The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:


	September 30, 2014		December 31, 2013

Database	$	18,868,000	$	17,149,000
Accumulated amortization		(14,548,000)		(13,238,000)

Database, net		4,320,000		3,911,000

Customer relationships		14,100,000		14,100,000
Accumulated amortization		(7,139,000)		(6,417,000)

Customer relationships, net		6,961,000		7,683,000

Web site		11,648,000		10,402,000
Accumulated amortization		(8,447,000)		(7,095,000)

Web site, net		3,201,000		3,307,000

Acquired below market lease		2,800,000		2,800,000
Accumulated amortization		(2,241,000)		(2,014,000)

Acquired below market lease, net		559,000		786,000

Intangibles, net	$	15,041,000	$	15,687,000

The Company capitalized approximately $561,000 and $464,000 during the three months ended September 30, 2014 and 2013, respectively, and approximately $1,719,000 and $1,488,000 during the nine months ended September 30, 2014 and 2013, respectively, to the database intangible asset. The Company capitalized approximately $354,000 and $468,000 during the three months ended September 30, 2014 and 2013, respectively, and approximately $1,246,000 and $1,575,000 during the nine months ended September 30, 2014 and 2013, respectively, to the web site intangible asset.

Amortization expense for intangible assets aggregated approximately $1,249,000 and $3,611,000 for the three and nine months ended September 30, 2014, of which approximately $458,000 and $1,310,000 related to the database, which is charged to cost of sales, approximately $240,000 and $722,000 related to customer relationships, which is charged to sales and marketing expense, approximately $476,000 and $1,352,000 related to web site development, which is charged to product development expense, and approximately $75,000 and $227,000 related to the value ascribed to the below market terms of the office lease, which is charged to general and administrative expense, all in the Reis Services segment. Amortization expense for intangible assets aggregated approximately $1,194,000 and $3,536,000 for the three and nine months ended September 30, 2013, of which approximately $395,000 and $1,144,000 related to the database, approximately $243,000 and $731,000 related to customer relationships, approximately $480,000 and $1,434,000 related to web site development, and approximately $76,000 and $227,000 related to the value ascribed to the below market terms of the office lease.