XML 21 R10.htm IDEA: XBRL DOCUMENT v3.20.2
TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES
6 Months Ended
Jun. 30, 2020
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]  
TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-
MARKET LEASE LIABILITIES
As of June 30, 2020 and December 31, 2019, the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands):
 Tenant Origination and
Absorption Costs
Above-Market
Lease Assets
Below-Market
Lease Liabilities
June 30, 2020December 31, 2019June 30, 2020December 31, 2019June 30, 2020December 31, 2019
Cost$11,228  $13,822  $213  $213  $(5,393) $(6,213) 
Accumulated Amortization(5,567) (6,818) (108) (93) 3,415  3,680  
Net Amount$5,661  $7,004  $105  $120  $(1,978) $(2,533) 

Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the three and six months ended June 30, 2020 and 2019 were as follows (in thousands):
Tenant Origination and
Absorption Costs
Above-Market
Lease Assets
Below-Market
Lease Liabilities
For the Three Months Ended June 30,For the Three Months Ended June 30,For the Three Months Ended June 30,
202020192020201920202019
Amortization$(518) $(660) $(8) $(8) $270  $323  


Tenant Origination and Absorption CostsAbove-Market
Lease Assets
Below-Market
Lease Liabilities
For the Six Months Ended June 30,For the Six Months Ended June 30,For the Six Months Ended June 30,
202020192020201920202019
Amortization$(1,089) $(1,350) $(15) $(15) $555  $673