TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP (Tables)

12 Months Ended

Dec. 31, 2012

TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP [Abstract]

Schedule of Finite-Lived Intangible Assets

As of December 31, 2012 and 2011, the Company’s tenant origination and absorption costs and tenant relationship assets were as follows (in thousands):

	Tenant Origination and Absorption Costs						Tenant Relationship
	December 31,
	2012			2011			2012			2011
Cost	$	6,688		$	3,166		$	1,551		$	564
Accumulated amortization	(344		)	(75		)	(38		)	(7		)
Net amount	$	6,344		$	3,091		$	1,513		$	557

Schedule of Amortization Expense of Finite-Lived Intangible Assets

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 years ended December 31, 2012 and 2011 are as follows (in thousands):

	Tenant Origination and Absorption Costs						Tenant Relationship
	For the Year Ended December 31,
	2012			2011			2012			2011
Amortization	$	(269	)	$	(75	)	$	(31	)	$	(7	)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2012 will be amortized for the years ending December 31 as follows:

	Tenant Origination and Absorption Costs		Tenant Relationship
2013	$	472	$	65
2014	472		65
2015	472		65
2016	472		65
2017	472		65
Thereafter	3,984		1,188
	$	6,344	$	1,513
Weighted-Average Remaining Amortization Period	14.4 years		24.0 years