TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2019

Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]

Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities

As of December 31, 2019 and 2018, the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands):

	Tenant Origination and Absorption Costs				Above-Market Lease Assets				Below-Market Lease Liabilities
	December 31, 2019		December 31, 2018		December 31, 2019		December 31, 2018		December 31, 2019		December 31, 2018
Cost	$	30,569	$	22,472	$	3,714	$	3,714	$	(4,958)	$	(4,406)
Accumulated Amortization	(10,223)		(5,255)		(741)		(337)		1,778		878
Net Amount	$	20,346	$	17,217	$	2,973	$	3,377	$	(3,180)	$	(3,528)

Amortization of Tenant Origination and Absorption Costs, Above-Market Leases and Below-Market Lease Liabilities

Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the years ended December 31, 2019, 2018 and 2017 were as follows (in thousands):

	Tenant Origination and Absorption Costs						Above-Market Lease Assets						Below-Market Lease Liabilities
	For the Years Ended December 31,						For the Years Ended December 31,						For the Years Ended December 31,
	2019		2018		2017		2019		2018		2017		2019		2018		2017
Amortization	$	(7,036)	$	(7,895)	$	(10,265)	$	(404)	$	(361)	$	(283)	$	1,495	$	1,513	$	2,858

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2019 will be amortized for the years ending December 31 as follows (in thousands):

	Tenant Origination and Absorption Costs		Above-Market Lease Assets		Below-Market Lease Liabilities
2020	$	(6,470)	$	(315)	$	866
2021	(4,226)		(297)		560
2022	(3,104)		(297)		507
2023	(2,106)		(297)		416
2024	(1,745)		(297)		407
Thereafter	(2,695)		(1,470)		424
	$	(20,346)	$	(2,973)	$	3,180
Weighted-Average Remaining Amortization Period	4.8 years		10.5 years		5.1 years