5.	*Intangible Assets*

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


	December 31,
	2014		2013
Database	$	19,435,000	$	17,149,000
Accumulated amortization		(15,018,000)		(13,238,000)

Database, net		4,417,000		3,911,000

Customer relationships		14,100,000		14,100,000
Accumulated amortization		(7,379,000)		(6,417,000)

Customer relationships, net		6,721,000		7,683,000

Website		11,936,000		10,402,000
Accumulated amortization		(8,876,000)		(7,095,000)

Website, net		3,060,000		3,307,000

Acquired below market lease		2,800,000		2,800,000
Accumulated amortization		(2,317,000)		(2,014,000)

Acquired below market lease, net		483,000		786,000

Intangibles, net	$	14,681,000	$	15,687,000

The Company capitalized approximately $2,286,000 and $1,974,000 to the database intangible asset and $1,537,000 and $2,077,000 to the website intangible asset during the years ended December 31, 2014 and 2013, respectively.

Amortization expense for intangible assets aggregated approximately $4,829,000 for the year ended December 31, 2014, of which approximately $1,780,000 related to the database, which is charged to cost of sales, approximately $962,000 related to customer relationships, which is charged to sales and marketing expense, approximately $1,784,000 related to website development, which is charged to product development expense, and approximately $303,000 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 $4,697,000 for the year ended December 31, 2013, of which approximately $1,547,000 related to the database, approximately $973,000 related to customer relationships, approximately $1,875,000 related to website development, and approximately $302,000 related to the value ascribed to the below market terms of the office lease. Amortization expense for intangible assets aggregated approximately $4,629,000 for the year ended December 31, 2012, of which approximately $1,907,000 related to the database, approximately $982,000 related to customer relationships, approximately $1,436,000 related to website development, and approximately $304,000 related to the value ascribed to the below market terms of the office lease, all in the Reis Services segment.

The Company’s future amortization expense related to the net intangible asset balance at December 31, 2014 follows:


For the Year Ended December 31,	Amount

2015	$	4,552,000
2016		3,424,000
2017		2,131,000
2018		1,367,000
2019		1,058,000
Thereafter		2,149,000

Total	$	14,681,000