Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of intangible assets and liabilities

As of December 31, 2019 and 2018, the Company’s intangible assets and liabilities, including properties held for sale (if any), consisted of the following (dollars in thousands):

	December 31, 2019						December 31, 2018
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
In-place leases	$	84,425	$	(59,504)	$	24,921	$	75,101	$	(51,239)	$	23,862
Above-market leases	4,169		(3,853)		316		4,169		(3,610)		559
Below-market leases	(44,099)		15,972		(28,127)		(34,485)		11,392		(23,093)
Total	$	44,495	$	(47,385)	$	(2,890)	$	44,785	$	(43,457)	$	1,328

Schedule of expected amortization of intangible assets and liabilities

Projected net amortization of the intangible assets and liabilities for the next five years and thereafter as of December 31, 2019 is as follows (dollars in thousands):

2020	$	2,887
2021	1,742
2022	949
2023	277
2024	(131)
Thereafter	(8,614)
Total	$	(2,890)

Schedule of depreciation and useful lives of real estate and intangible assets

The following table reflects the standard depreciable lives typically used to compute depreciation and amortization. However, such depreciable lives may be different based on the estimated useful life of such assets or liabilities.

Description	Standard Depreciable Life
Land	Not depreciated
Building	40 years
Building Improvements	5-40 years
Tenant Improvements	Shorter of lease term or useful life
Leasing Costs	Lease term
In-place leases	Lease term
Above/Below-Market Leases	Lease term

Schedule of cash and cash equivalents and restricted cash

The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):

	For the Year Ended December 31,
	2019		2018		2017
Beginning
Cash and cash equivalents at beginning of year	$	31,004	$	35,710	$	14,208
Restricted cash	3,475		7,090		4,270
Cash and cash equivalents and restricted cash	34,479		42,800		18,478
Ending
Cash and cash equivalents at end of year	110,082		31,004		35,710
Restricted cash	2,657		3,475		7,090
Cash and cash equivalents and restricted cash	112,739		34,479		42,800
Net increase (decrease) in cash and cash equivalents and restricted cash	$	78,260	$	(8,321)	$	24,322

Schedule of cash and cash equivalents and restricted cash

The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):

	For the Year Ended December 31,
	2019		2018		2017
Beginning
Cash and cash equivalents at beginning of year	$	31,004	$	35,710	$	14,208
Restricted cash	3,475		7,090		4,270
Cash and cash equivalents and restricted cash	34,479		42,800		18,478
Ending
Cash and cash equivalents at end of year	110,082		31,004		35,710
Restricted cash	2,657		3,475		7,090
Cash and cash equivalents and restricted cash	112,739		34,479		42,800
Net increase (decrease) in cash and cash equivalents and restricted cash	$	78,260	$	(8,321)	$	24,322