OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Liabilities and Related Accumulated Amortization and Accretion

A schedule of our intangible assets and liabilities and related accumulated amortization and accretion as of December 31, 2020 and 2019, is as follows:

	As of December 31,
	2020		2019
	(in thousands)
Intangible lease assets:
Acquired in-place leases, net of accumulated amortization of $9,228 and $9,382, respectively, both with an average useful life of 8 years	$	3,316	$	4,271
Acquired above-market leases, net of accumulated amortization of $15 and $42, respectively, with an average useful life of 6 and 5 years, respectively	40		32
Trade name and license	2,957		2,957
Total intangible lease assets, net	$	6,313	$	7,260
Intangible lease liabilities:
Acquired below-market leases, net of accumulated amortization of $1,786 and $2,239, respectively, both with an average useful life of 4 years	$	587	$	1,282

Schedule of Finite-Lived Intangible Assets

During the years ended December 31, 2020, 2019 and 2018, we recognized amortization related to our intangible assets and liabilities as follows:

	Year Ended December 31,
	2020		2019		2018
	(in thousands)
Acquired above-market lease amortization	$	10	$	63	$	51
Acquired in-place lease amortization	$	1,364	$	2,112	$	3,691
Acquired below-market lease amortization	$	700	$	1,590	$	2,190

Schedule of Future Amortization and Accretion of Acquisition Related Intangible Assets and Liabilities

A schedule of future amortization and accretion of acquisition-related intangible assets and liabilities as of December 31, 2020, is as follows:

	Assets				Liabilities
	Acquired		Acquired		Acquired
	Above-Market		In-Place		Below-Market
Years Ending December 31,	Leases		Leases		Leases
	(in thousands)
2021	$	12	$	1,049	$	(349)
2022	12		813		(236)
2023	10		470		(2)
2024	5		374		—
2025	1		171		—
Thereafter	—		439		—
	$	40	$	3,316	$	(587)