Lease Intangibles (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Net Value of Other Intangible Assets

The following table summarizes the net value of other intangible assets acquired and the accumulated amortization for each class of intangible asset:

	June 30, 2019							December 31, 2018
	Lease Intangibles		Accumulated Amortization			Lease Intangibles, net		Lease Intangibles		Accumulated Amortization			Lease Intangibles, net
In-place leases	$	4,924,439	$	(3,654,980	)	$	1,269,459	$	4,958,477	$	(3,467,781	)	$	1,490,696
Leasing costs		3,593,077		(2,524,054	)		1,069,023		3,628,080		(2,405,514	)		1,222,566
Above-market leases		339,414		(221,327	)		118,087		439,878		(291,666	)		148,212
	$	8,856,930	$	(6,400,361	)	$	2,456,569	$	9,026,435	$	(6,164,961	)	$	2,861,474

Amortization Expense for the Company Lease Intangible Assets

Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows:

Six months remaining in 2019	$	500,709
Years ending December 31:
2020		687,974
2021		510,215
2022		360,116
2023		173,785
Thereafter		223,770
Total	$	2,456,569