OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020, is as follows:

	As of December 31,
	2021		2020
	(in thousands)
Intangible assets:
Acquired in-place leases, net of accumulated amortization of $9,030 and $9,228, respectively, with an average useful life of 9 and 8 years, respectively	$	2,266	$	3,316
Acquired above-market leases, net of accumulated amortization of $27 and $15, respectively, both with an average useful life of 6 years	28		40
Trade name and license	2,957		2,957
Total intangible lease assets, net	$	5,251	$	6,313
Intangible lease liabilities:
Acquired below-market leases, net of accumulated amortization of $1,134 and $1,786, respectively, with an average useful life of 5 and 4 years, respectively	$	237	$	587

Schedule of Amortization of Acquired Leases

During the years ended December 31, 2021 and 2020, the Company recognized amortization related to its intangible assets and liabilities as follows:

	Year Ended December 31,
	2021		2020
	(in thousands)
Acquired above-market lease amortization	$	12	$	10
Acquired in-place lease amortization	$	1,050	$	1,364
Acquired below-market lease amortization	$	350	$	700

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

A schedule of future amortization and accretion of acquired intangible assets and liabilities as of December 31, 2021, is as follows:

	Assets				Liabilities
	Acquired		Acquired		Acquired
	Above-Market		In-Place		Below-Market
Years Ending December 31,	Leases		Leases		Leases
	(in thousands)
2022	$	12	$	813	$	(236)
2023	10		470		(1)
2024	5		374		—
2025	1		171		—
2026	—		123		—
Thereafter	—		315		—
	$	28	$	2,266	$	(237)