Note 4 - Intangibles (Tables)

6 Months Ended

Jun. 30, 2021

Schedule Of Intangible Assets And Liabilities [Abstract]

Summary of Carrying Amount of Intangible Assets and Liabilities

The following is a summary of the carrying amount of the Company’s intangible assets and liabilities as of June 30, 2021 and December 31, 2020 (dollars in thousands).

	June 30, 2021			December 31, 2020
Assets:
Above-market leases	$	4,070		$	2,661
Above-market leases accumulated amortization		(773	)		(504	)
In-place leases		25,587			17,958
In-place leases accumulated amortization		(6,899	)		(4,841	)
Total net real estate intangible assets	$	21,985		$	15,274
Liabilities
Below-market leases		4,277			3,290
Below-market leases accumulated amortization		(1,356	)		(909	)
Total net real estate intangible liabilities	$	2,921		$	2,381

Summary of Expected Amortization of Real Estate Intangible Assets Liabilities

The following table represents expected amortization of existing real estate intangible assets and liabilities as of June 30, 2021 (dollars in thousands):

	Amortization of in-place leases		Amortization of above-market leases		Amortization of below-market leases			Total amortization, net
Remainder of 2021	$	3,128	$	394	$	(669	)	$	2,853
2022		5,521		764		(1,173	)		5,112
2023		3,611		661		(542	)		3,730
2024		2,263		466		(316	)		2,413
2025		1,394		348		(111	)		1,631
2026		997		224		(41	)		1,180
Thereafter		1,774		440		(69	)		2,145
Total	$	18,688	$	3,297	$	(2,921	)	$	19,064