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TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP
 12 Months Ended
Dec. 31, 2014
TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP [Abstract]  
Tenant Origination and Absorption Costs and Tenant Relationship
TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP ASSETS
As of December 31, 2014 and 2013, 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,
 
 
2014
 
2013
 
2014
 
2013
Cost
  
$
17,621

 
$
8,884

 
$
5,341

 
$
1,900

Accumulated amortization
  
(1,576
)
 
(837
)
 
(225
)
 
(106
)
 
  
 
 
 
 
 
 
 
Net amount
  
$
16,045

 
$
8,047

 
$
5,116

 
$
1,794


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, 2014, 2013 and 2012 are as follows (in thousands): 
 
 
Tenant Origination and Absorption Costs
 
Tenant Relationship
 
 
For the Year Ended December 31,
 
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
 
  
 
 
 
 
 
 
 
 
 
 
 
Amortization
  
$
(1,109
)
 
$
(493
)
 
$
(269
)
 
$
(192
)
 
$
(68
)
 
$
(31
)

 The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2014 will be amortized for the years ending December 31 as follows (dollars in thousands):
 
 
Tenant Origination and Absorption Costs
 
Tenant Relationship
 
 
  

 
 
2015
 
$
1,293

 
$
229

2016
 
1,293

 
229

2017
 
1,293

 
229

2018
 
1,293

 
229

2019
 
1,293

 
229

Thereafter
 
9,580

 
3,971

 
 
 
 
 
 
 
$
16,045

 
$
5,116

 
 
  
 
 
Weighted-Average Remaining Amortization Period
 
13.1 years

 
22.7 years