TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP (Tables)

12 Months Ended

Dec. 31, 2011

TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP [Abstract]

Schedule of Finite-Lived Intangible Assets

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

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 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	)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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