OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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

A schedule of the Company’s intangible assets and liabilities and related accumulated amortization and accretion as of June 30, 2021 and December 31, 2020 is as follows (in thousands):

	June 30, 2021		December 31, 2020
Intangible lease assets:
Acquired in-place leases, net of accumulated amortization of $8,744 and $9,228, respectively, with an average useful life of 9 and 8 years, respectively	$	2,763	$	3,316
Acquired above-market leases, net of accumulated amortization of $21 and $15, respectively, both with an average useful life of 6 years	34		40
Trade name and license	2,957		2,957
Total intangible lease assets, net	$	5,754	$	6,313
Intangible lease liabilities:
Acquired below-market leases, net of accumulated amortization of $1,174 and $1,786, respectively, with an average useful life of 5 and 4 years, respectively	$	388	$	587

Schedule of Amortization of Acquired Leases

During the three and six months ended June 30, 2021 and 2020, the Company recognized amortization related to its intangible assets and liabilities as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Acquired above-market lease amortization	$	3	$	1	$	6	$	7
Acquired in-place lease amortization	$	257	$	303	$	553	$	744
Acquired below-market lease amortization	$	84	$	148	$	199	$	402

Schedule of Future Amortization and Accretion of Acquired Intangible Assets and Liabilities

A schedule of future amortization and accretion of acquired intangible assets and liabilities as of June 30, 2021, is as follows (in thousands):

	Assets				Liabilities
Years Ending December 31,	Acquired Above-Market Leases		Acquired In-Place Leases		Acquired Below-Market Leases
2021 (Six months ending December 31, 2021)	$	6	$	496	$	(150)
2022	12		813		(236)
2023	10		470		(2)
2024	5		374		—
2025	1		171		—
Thereafter	—		439		—
	$	34	$	2,763	$	(388)