NOTE 5 - Lease intangibles

The following table summarizes the net value of other intangible assets and liabilities and the accumulated amortization for each class of intangible:


	Lease		Accumulated		Lease
As of March 31, 2018	Intangibles		Amortization		Intangibles, net
Lease Intangible Assets	(in thousands)
In-place leases	$	23,080	$	(12,336)	$	10,744
Above-market leases		3,115		(1,192)		1,923
	$	26,195	$	(13,528)	$	12,667
Lease Intangible Liabilities
Below-market leases	$	(3,162)	$	1,456	$	(1,706)


	Lease		Accumulated		Lease
As of December 31, 2017	Intangibles		Amortization		Intangibles, net
Lease Intangible Assets	(in thousands)
In-place leases	$	23,080	$	(11,797)	$	11,283
Above-market leases		3,115		(1,135)		1,980
	$	26,195	$	(12,932)	$	13,263
Lease Intangible Liabilities
Below-market leases	$	(3,162)	$	1,386	$	(1,776)

The estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:


	Intangible		Intangible
Years ending December 31,	Assets		Liabilities
	(in thousands)
2018 (April 1, 2018 to December 31, 2018)	$	1,641	$	208
2019		1,932		269
2020		1,507		218
2021		1,210		189
2022		1,076		169
Thereafter		5,301		653
	$	12,667	$	1,706

The weighted average amortization period for the intangible assets, in-place leases, above-market leases, and below-market leases acquired as of March 31, 2018 was 6.1 years.