XML 69 R12.htm IDEA: XBRL DOCUMENT v3.20.1
TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES
3 Months Ended
Mar. 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 March 31, 2020 and December 31, 2019, the Company’s tenant origination and absorption costs, 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
 March 31, 2020December 31, 2019March 31, 2020December 31, 2019March 31, 2020December 31, 2019
Cost$90,017  $95,808  $1,168  $2,661  $(25,402) $(25,630) 
Accumulated Amortization(54,804) (56,886) (639) (2,095) 16,313  15,781  
Net Amount$35,213  $38,922  $529  $566  $(9,089) $(9,849) 

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 three months ended March 31, 2020 and 2019 were as follows (in thousands):
 Tenant Origination and
Absorption Costs
Above-Market
Lease Assets
Below-Market
Lease Liabilities
For the Three Months Ended March 31,For the Three Months Ended March 31,For the Three Months Ended March 31,
202020192020201920202019
Amortization$(2,775) $(7,210) $(37) $(377) $760  $1,325