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TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2022
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
As of June 30, 2022 and December 31, 2021, 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
 June 30,
2022
December 31, 2021June 30,
2022
December 31, 2021June 30,
2022
December 31, 2021
Cost$52,512 $60,162 $983 $1,112 $(10,876)$(15,395)
Accumulated Amortization(36,975)(41,387)(680)(764)8,431 12,118 
Net Amount$15,537 $18,775 $303 $348 $(2,445)$(3,277)
Amortization of Tenant Origination and Absorption Costs, Above-Market Leases and Below-Market Lease Liabilities
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 and six months ended June 30, 2022 and 2021 were as follows (in thousands):
Tenant Origination and
Absorption Costs
Above-Market
Lease Assets
Below-Market
Lease Liabilities
For the Three Months Ended
June 30,
For the Three Months Ended
June 30,
For the Three Months Ended
June 30,
202220212022202120222021
Amortization$(1,458)$(2,067)$(21)$(26)$391 $587 
Tenant Origination and
Absorption Costs
Above-Market
Lease Assets
Below-Market
Lease Liabilities
For the Six Months Ended
June 30,
For the Six Months Ended
June 30,
For the Six Months Ended
June 30,
202220212022202120222021
Amortization$(3,238)$(4,169)$(45)$(52)$832 $1,191