Lease Intangibles (Tables)

12 Months Ended

Dec. 31, 2014

Lease Intangible Assets [Abstract]

Net Value of Other Intangible Assets

5. Lease Intangibles
The following table summarizes the net value of other intangible assets and the accumulated amortization for each
class of intangible asset:
			December 31, 2014						December 31, 2013
			Lease		Accumulated		Lease		Lease		Accumulated		Lease
			intangibles		amortization		intangibles, net		intangibles		amortization		intangibles, net
In-place leases		$	4,255,565		(1,842,782)		2,412,783	$	2,015,459	$	(1,493,808)	$	521,651
Leasing costs			3,228,415		(1,214,967)		2,013,448		1,448,985		(999,444)		449,541
Tenant relationships			332,721		(332,721)		-		332,721		(332,721)		-
Above-market leases			1,977,113		(1,202,821)		774,292		1,614,114		(1,018,516)		595,598
	Total	$	9,793,814	$	(4,593,291)	$	5,200,523	$	5,411,279	$	(3,844,489)	$	1,566,790