TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP [Abstract]

Schedule of Tenant Origination and Absorption Costs and Tenant Relationship Assets

As of December 31, 2016 and 2015, 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,
	2016			2015			2016			2015
Cost	$	23,987		$	24,492		$	7,430		$	7,269
Accumulated amortization	(4,432		)	(4,215		)	(735		)	(679		)
Net amount	$	19,555		$	20,277		$	6,695		$	6,590

Schedule of Decrease in Net Income as a Result of Amortization

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, 2016, 2015 and 2014 are as follows (in thousands):

	Tenant Origination and Absorption Costs									Tenant Relationship
	For the Year Ended December 31,
	2016			2015			2014			2016			2015			2014
Amortization	$	(2,705	)	$	(2,729	)	$	(1,109	)	$	(477	)	$	(466	)	$	(192	)

Schedule of Unamortized Balance for Outstanding Intangible Assets and Liabilities

The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2016 will be amortized for the years ending December 31 as follows (dollars in thousands):

	Tenant Origination and Absorption Costs		Tenant Relationship
2017	$	1,868	$	326
2018	1,868		326
2019	1,868		326
2020	1,868		326
2021	1,868		326
Thereafter	10,215		5,065
	$	19,555	$	6,695
Weighted-Average Remaining Amortization Period	13.4 years		23.1 years