Schedule of Finite-Lived Intangible Assets |
Identified intangible assets, net consisted of the following as of December 31, 2018 and 2017: | | | | | | | | | | December 31, | | 2018 | | 2017 | Amortized intangible assets: | | | | In-place leases, net of accumulated amortization of $11,299,000 and $5,832,000 as of December 31, 2018 and 2017, respectively (with a weighted average remaining life of 10.3 years and 7.3 years as of December 31, 2018 and 2017, respectively) | $ | 67,332,000 |
| | $ | 37,766,000 |
| Leasehold interests, net of accumulated amortization of $217,000 and $119,000 as of December 31, 2018 and 2017, respectively (with a weighted average remaining life of 69.1 years and 70.6 years as of December 31, 2018 and 2017, respectively) | 6,288,000 |
| | 6,292,000 |
| Above-market leases, net of accumulated amortization of $323,000 and $173,000 as of December 31, 2018 and 2017, respectively (with a weighted average remaining life of 4.5 years and 5.6 years as of December 31, 2018 and 2017, respectively) | 755,000 |
| | 763,000 |
| Unamortized intangible assets: | | | | Certificates of need | 348,000 |
| | — |
| Total | $ | 74,723,000 |
| | $ | 44,821,000 |
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Amortization expense on identified intangible assets |
As of December 31, 2018, estimated amortization expense on the identified intangible assets for each of the next five years ending December 31 and thereafter was as follows: | | | | | | Year | | Amount | 2019 | | $ | 10,464,000 |
| 2020 | | 8,549,000 |
| 2021 | | 7,680,000 |
| 2022 | | 6,708,000 |
| 2023 | | 5,716,000 |
| Thereafter | | 35,258,000 |
| Total | | $ | 74,375,000 |
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