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TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES
 12 Months Ended
Dec. 31, 2020
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]  
TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES
As of December 31, 2020 and 2019, the Company’s tenant origination and absorption costs (included in real estate held for investment, net), above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands):
 Tenant Origination and
Absorption Costs		Above-Market
Lease Assets		Below-Market
Lease Liabilities
 December 31, 2020December 31, 2019December 31, 2020December 31, 2019December 31, 2020December 31, 2019
Cost$57,594 $30,569 $4,159 $3,714 $(8,732)$(4,958)
Accumulated Amortization(17,088)(10,223)(1,002)(741)2,270 1,778 
Net Amount$40,506 $20,346 $3,157 $2,973 $(6,462)$(3,180)

Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the years ended December 31, 2020, 2019 and 2018 were as follows (in thousands):
 Tenant Origination and
Absorption Costs		Above-Market
Lease Assets		Below-Market
Lease Liabilities
For the Years Ended December 31,For the Years Ended December 31,For the Years Ended December 31,
 202020192018202020192018202020192018
Amortization$(10,453)$(7,036)$(7,895)$(476)$(404)$(361)$1,328 $1,495 $1,513 
The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2020 will be amortized for the years ending December 31 as follows (in thousands):
Tenant Origination and
Absorption Costs		Above-Market
Lease Assets		Below-Market
Lease Liabilities		Housing SubsidyTax Abatements
2021$(15,351)$(515)$1,856 $(71)$(866)
2022(8,529)(368)1,520 (71)(466)
2023(5,486)(356)1,241 (71)(233)
2024(4,228)(355)974 (71)(14)
2025(2,827)(339)662 (71)— 
Thereafter(4,085)(1,224)209 (1,625)— 
$(40,506)$(3,157)$6,462 $(1,980)$(1,579)
Weighted-Average Remaining Amortization Period4.8 years9.1 years4.1 years27.9 years2.1 years

As of December 31, 2020, the Company had recorded a housing subsidy intangible asset, net of amortization, which is included in prepaid expenses and other assets in the accompanying balance sheets, of $2.0 million. As of December 31, 2020, the housing subsidy intangible asset has a remaining amortization period of 27.9 years. During the year ended December 31, 2020, the Company recorded amortization expense of $18,000 related to the housing subsidy intangible asset.
Additionally, as of December 31, 2020 and 2019, the Company had recorded tax abatement intangible assets, net of amortization, on real estate held for investment, which are included in prepaid expenses and other assets in the accompanying balance sheets, of $1.6 million and $1.0 million, respectively. During the years ended December 31, 2020, 2019 and 2018, the Company recorded amortization expense of $0.7 million, $0.6 million, and $1.0 million related to tax abatement intangible assets, respectively. As of December 31, 2020, the tax abatement intangible assets had a remaining amortization period of 2.1 years.