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TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES
9 Months Ended
Sep. 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 TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES
As of September 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
 September 30,
2022
December 31, 2021September 30,
2022
December 31, 2021September 30,
2022
December 31, 2021
Cost$49,979 $60,162 $983 $1,112 $(9,869)$(15,395)
Accumulated Amortization(35,774)(41,387)(701)(764)7,708 12,118 
Net Amount$14,205 $18,775 $282 $348 $(2,161)$(3,277)

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 nine months ended September 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
September 30,
For the Three Months Ended
September 30,
For the Three Months Ended
September 30,
202220212022202120222021
Amortization$(1,332)$(1,990)$(21)$(24)$284 $582 
Tenant Origination and
Absorption Costs
Above-Market
Lease Assets
Below-Market
Lease Liabilities
For the Nine Months Ended
September 30,
For the Nine Months Ended
September 30,
For the Nine Months Ended
September 30,
202220212022202120222021
Amortization$(4,570)$(6,159)$(66)$(76)$1,116 $1,773