LEASE INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2016

LEASE INTANGIBLES

Schedule of Intangible Assets, Liabilities and Accumulated Amortization

	Lease		Accumulated		Lease
As of December 31, 2016	Intangibles		Amortization		Intangibles, net
Intangible Assets	(in thousands)
In-place leases	$	23,507	$	(9,860)	$	13,647
Above-market leases		3,115		(910)		2,205
	$	26,622	$	(10,770)	$	15,852
Intangible Liabilities
Below-market leases	$	(3,197)	$	1,122	$	(2,075)

	Lease		Accumulated		Lease
As of December 31, 2015	Intangibles		Amortization		Intangibles, net
Intangible Assets	(in thousands)
In-place leases	$	22,722	$	(6,974)	$	15,748
Above-market leases		3,117		(681)		2,436
	$	25,839	$	(7,655)	$	18,184
Intangible Liabilities
Below-market leases	$	(3,056)	$	803	$	(2,253)

Schedule of Estimated Aggregate Amortization Expense

	Intangible		Intangible
Years ending December 31,	Assets		Liabilities
	(in thousands)
2017	$	2,520	$	288
2018		2,262		282
2019		1,956		273
2020		1,527		221
2021		1,210		189
Thereafter		6,377		822
	$	15,852	$	2,075