LEASE INTANGIBLES (Tables)

9 Months Ended

Sep. 30, 2019

LEASE INTANGIBLES

Schedule of Intangible Assets, Liabilities and Accumulated Amortization

	Lease		Accumulated		Lease
As of September 30, 2019	Intangibles		Amortization		Intangibles, net
Lease Intangible Assets	(in thousands)
In-place leases	$	21,480	$	(13,671)	$	7,809
Above-market leases		3,211		(1,453)		1,758
	$	24,691	$	(15,124)	$	9,567
Lease Intangible Liabilities
Below-market leases	$	(3,088)	$	1,819	$	(1,269)

	Lease		Accumulated		Lease
As of December 31, 2018	Intangibles		Amortization		Intangibles, net
Lease Intangible Assets	(in thousands)
In-place leases	$	21,480	$	(12,422)	$	9,058
Above-market leases		3,211		(1,293)		1,918
	$	24,691	$	(13,715)	$	10,976
Lease Intangible Liabilities
Below-market leases	$	(3,089)	$	1,621	$	(1,468)

Schedule of Estimated Aggregate Amortization Expense

	Intangible		Intangible
Years ending December 31,	Assets		Liabilities
	(in thousands)
2019 (October 1, 2019 to December 31, 2019)	$	434	$	62
2020		1,456		213
2021		1,163		184
2022		1,028		164
2023		891		151
Thereafter		4,595		495
	$	9,567	$	1,269