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Real Estate (Tables)
3 Months Ended
Mar. 31, 2019
Real Estate [Abstract]  
Schedule of future minimum contractual rent payments
The future minimum contractual rent payments pursuant to the current lease terms are shown in the table below. The Company's current leases have expirations ranging from 2021 to 2044.
 
As of March 31, 2019
Remaining 2019
$
59,269

2020
80,495

2021
72,680

2022
73,541

2023
71,311

Thereafter
457,574

Total
$
814,870

Schedule of allocated real estate asset value
 
March 31, 2019
 
December 31, 2018
In-place lease valuation (above market)
$
4,046

 
$
4,046

In-place lease valuation (above market), accumulated amortization
(1,215
)
 
(1,123
)
Intangible assets, net
$
2,831

 
$
2,923

In-place lease valuation (below market)
$
(62,070
)
 
$
(62,070
)
In-place lease valuation (below market) - accumulated amortization
17,091

 
15,841

In-place lease valuation (below market), net
$
(44,979
)
 
$
(46,229
)
Tenant origination and absorption cost
$
240,364

 
$
240,364

Tenant origination and absorption cost - accumulated amortization
(77,331
)
 
(71,364
)
Tenant origination and absorption cost, net
$
163,033

 
$
169,000

Schedule of estimated annual amortization (income) expense
The following table sets forth the estimated annual amortization (income) expense for in-place lease valuation and tenant origination and absorption costs as of March 31, 2019 for the next five years:
Year
 
In-Place Lease Valuation
 
Tenant Origination and Absorption Costs
Remaining 2019
 
$
(3,537
)
 
$
18,232

2020
 
$
(4,695
)
 
$
24,198

2021
 
$
(3,799
)
 
$
19,715

2022
 
$
(3,774
)
 
$
19,256

2023
 
$
(2,901
)
 
$
16,502