Note 6 - Below-market Lease Intangibles

12 Months Ended

Dec. 31, 2019

Below-Market Leases, Net

The Company’s below-market lease intangibles liabilities are as follows:

	December 31, 2019			December 31, 2018

Below-market leases	$	4,087		$	23,178
Less accumulated amortization		(2,462	)		(20,255	)
Below-market leases, net	$	1,625		$	2,923

Rental income included amortization of below-market leases of

$1,298,

$2,152

and

$1,787

for the years ended

December 31, 2019,

2018

and

2017,

respectively;

$19,091

of fully amortized below-market leases was written off during the year ended

December 31, 2019.

Below-market leases as of

December 31, 2019,

amortize in future years as follows: