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LEASE INTANGIBLES AND BELOW-MARKET LEASE LIABILITIES
 3 Months Ended
Mar. 31, 2023
Finite-Lived Intangible Assets, Net [Abstract]  
ACQUIRED LEASE INTANGIBLES AND BELOW-MARKET LEASE LIABILITIES
5. LEASE INTANGIBLES AND BELOW-MARKET LEASE LIABILITIES, NET
As of March 31, 2023 and December 31, 2022, the Company’s above-market lease intangibles, at-market lease intangibles and below-market lease liabilities were as follows (amounts in thousands):
March 31, 2023December 31, 2022
At-Market Lease IntangiblesAbove-Market Lease IntangiblesBelow-Market Lease IntangiblesAt-Market Lease IntangiblesAbove-Market Lease IntangiblesBelow-Market Lease Intangibles
Cost$765 $— $(247)$765 $— $(247)
Accumulated amortization(476)— 145 (457)— 139 
Total$289 $— $(102)$308 $— $(108)
Amortization of at-market lease intangible assets is recorded in depreciation and amortization expense and amortization of above-market rent and below-market rent is recorded as a reduction to and increase to rental and reimbursements, respectively, in the consolidated statements of operations and comprehensive income. The Company’s amortization of above-market lease intangibles, at-market lease intangibles and below-market lease liabilities for the three months ended March 31, 2023 and 2022, were as follows (amounts in thousands):
Three Months Ended March 31,
20232022
Amortization
At-Market lease intangibles$(19)$(22)
Above-Market lease intangibles$— $(1)
Below-Market lease liabilities$6 $5