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TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)
9 Months Ended
Sep. 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
As of September 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
September 30, 2020December 31, 2019September 30, 2020December 31, 2019September 30, 2020December 31, 2019
Cost$11,222 $13,822 $213 $213 $(5,393)$(6,213)
Accumulated Amortization(6,031)(6,818)(115)(93)3,651 3,680 
Net Amount$5,191 $7,004 $98 $120 $(1,742)$(2,533)
Amortization of Tenant Origination and Absorption Costs, Above-Market Leases and Below-Market Lease Liabilities
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 nine months ended September 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 September 30,For the Three Months Ended September 30,For the Three Months Ended September 30,
202020192020201920202019
Amortization$(470)$(627)$(7)$(7)$236 $308 


Tenant Origination and Absorption CostsAbove-Market
Lease Assets
Below-Market
Lease Liabilities
For the Nine Months Ended September 30,For the Nine Months Ended September 30,For the Nine Months Ended September 30,
202020192020201920202019
Amortization$(1,559)$(1,977)$(22)$(22)$791 $981