LEASE INTANGIBLES (Tables)

3 Months Ended

Mar. 31, 2018

LEASE INTANGIBLES

Schedule of Intangible Assets, Liabilities and Accumulated Amortization

	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)

Schedule of Estimated Aggregate Amortization Expense

	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