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TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP
 12 Months Ended
Dec. 31, 2011
TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP [Abstract]  
Intangible Assets Disclosure [Text Block]
TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP

As of December 31, 2011, the Company’s tenant origination and absorption costs and tenant relationship assets are as follows (in thousands):
 
 
 
 
 
 
 
  
Tenant Origination and Absorption Costs
 
Tenant Relationship
Cost
  
$
3,166

 
$
564

Accumulated amortization
  
(75
)
 
(7
)
 
  
 
 
 
Net amount
  
$
3,091

 
$
557

 
  
 
 
 

Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs and tenant relationship assets for the year ended December 31, 2011 are as follows (in thousands):
 
 
 
Year Ended December 31, 2011
 
  
Tenant Origination and Absorption Costs
 
Tenant Relationship
 
  
 
 
 
Amortization
  
$
(75
)
 
$
(7
)
 
  
 
 
 
 
The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2011 will be amortized for the years ending December 31 as follows:
 
 
 
Tenant Origination and Absorption Costs
 
Tenant Relationship
 
 
  

 
 
2012
 
$
187

 
$
20

2013
 
187

 
20

2014
 
187

 
20

2015
 
187

 
20

2016
 
187

 
20

Thereafter
 
2,156

 
457

 
 
 
 
 
 
 
$
3,091

 
$
557

 
 
  
 
 
Weighted-Average Remaining Amortization Period
 
18.0 years

 
29.2 years