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OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022 and December 31, 2021 is as follows (in thousands):
June 30, 2022December 31, 2021
Intangible assets:
Acquired in-place leases, net of accumulated amortization of $8,657 and $9,030, respectively, both with an average useful life of 9 years
$1,833 $2,266 
Acquired above-market leases, net of accumulated amortization of $33 and $27, respectively, both with an average useful life of 6 years
22 28 
Trade name and license2,957 2,957 
Total intangible lease assets, net$4,812 $5,251 
Intangible lease liabilities:
Acquired below-market leases, net of accumulated amortization of $1,056 and $1,134, respectively, both with an average useful life of 5 years
$108 $237 
Schedule of Amortization of Acquired Leases
During the three and six months ended June 30, 2022 and 2021, 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,
2022202120222021
Acquired above-market lease amortization$$$$
Acquired in-place lease amortization$195 $257 $433 $553 
Acquired below-market lease amortization$60 $84 $129 $199 
Schedule of Future Amortization and Accretion of Acquired Intangible Assets and Liabilities
A schedule of future amortization and accretion of acquired intangible assets and liabilities as of June 30, 2022, is as follows (in thousands):
 AssetsLiabilities
Years Ending December 31,Acquired
Above-Market
Leases
Acquired
In-Place
Leases
Acquired
Below-Market
Leases
2022 (Six months ending December 31, 2022)$$379 $(106)
2023469 (2)
2024374 — 
2025171 — 
2026— 123 — 
Thereafter— 317 — 
$22 $1,833 $(108)