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REAL ESTATE ASSETS (Tables)
6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
Schedule of real estate assets and intangible lease assets The following schedules present the cost and related accumulated depreciation or amortization (as applicable) of the Partnership’s real estate assets and intangible lease assets:
As of
Estimated Useful LivesJune 30, 2020December 31, 2019
(Years)(In thousands)
Buildings
20-30
$102,493  $102,375  
Tenant improvements154,501  4,501  
Land improvements15484  484  
Total real estate assets107,478  107,360  
Less: accumulated depreciation(11,005) (8,681) 
Total investment in real estate, net$96,473  $98,679  
As of
Weighted Average Useful LivesJune 30, 2020December 31, 2019
(Months)(In thousands)
In-place lease intangibles45$11,384  $11,389  
Less: accumulated amortization(7,112) (5,927) 
In-place lease intangibles, net4,272  5,462  
Above-market lease intangibles453,623  3,623  
Less: accumulated amortization(1,316) (1,015) 
Above-market lease intangibles, net2,307  2,608  
Total intangible lease assets, net$6,579  $8,070  
Schedule of amortization expense
The following table presents the Partnership’s estimated amortization expense related to lease intangibles for the periods indicated (in thousands):
Remainder of
20202021202220232024
$1,326  $1,715  $652  $724  $2,162