XML 27 R12.htm IDEA: XBRL DOCUMENT v3.20.1
Note 5 - Deferred Costs and Intangible Assets
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Deferred Costs and Intangible Assets Disclosure [Text Block]
5.
Deferred Costs and Intangible Assets
 
Deferred costs and intangible assets consist of the following:
 
   
December 31,
2019
   
December 31,
2018
 
                 
Deferred costs
  $
348
    $
286
 
Above-market leases
   
444
     
480
 
Lease origination costs
   
1,385
     
3,110
 
In-place leases
   
859
     
8,078
 
Real estate tax abatements
   
9,142
     
12,571
 
Total deferred costs and intangible assets
   
12,178
     
24,525
 
Less accumulated amortization
   
(3,396
)    
(14,561
)
Total deferred costs and intangible assets, net
  $
8,782
    $
9,964
 
 
Amortization of deferred costs, lease origination costs and in-place lease intangible assets was
$693,
$1,240
and
$1,182
for the years ended
December 31, 2019,
2018
and
2017,
respectively;
$8,994
of fully amortized deferred costs, lease origination costs and in-place leases was written off during the year ended
December 31, 2019.
Amortization of real estate tax abatements of
$482,
$475
and
$1,568
for the years ended
December 31, 2019,
2018
and
2017,
respectively, is included in real estate taxes and insurance in the consolidated statements of operations;
$3,428
of fully amortized real estate tax abatements was written off during the year ended
December 31, 2019.
Amortization of above-market leases of
$118,
$235
and
$58
for the years ended
December 31, 2019,
2018
and
2017,
respectively, is included in commercial rental income in the consolidated statements of operations;
$36
of fully amortized above-market leases was written off during the year ended
December 31, 2019.
 
Deferred costs and intangible assets as of
December 31, 2019,
amortize in future years as follows:
 
2020
  $
801
 
2021
   
775
 
2022
   
743
 
2023
   
597
 
2024
   
552
 
Thereafter
   
5,314
 
Total
  $
8,782