INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 8. INTANGIBLE ASSETS

As of March 31, 2014, the in-place lease value totaled approximately $6.2 million, net of accumulated amortization of approximately $3.1 million. At December 31, 2013, the in-place lease value totaled approximately $6.4 million, net of accumulated amortization of approximately $3.0 million. Amortization expense for the three months ended March 31, 2014 and 2013 was approximately $169,000 and $168,000, respectively.

The estimated future amortization expense related to intangible assets is as follows:

Year Ending December 31,	Amount
Remainder of 2014	$	507,389
2015		676,518
2016		638,430
2017		547,676
2018		539,988
2019		525,153
Thereafter		2,755,154
Total	$	6,190,308