• Filing Date: 2017-02-22
  • Form Type: 10-K
  • Description: Annual report
v3.6.0.2
Intangible Assets, net
12 Months Ended
Dec. 31, 2016
Intangible Assets Disclosure [Abstract]  
Intangible Assets, net

Note 10 — Intangible Assets, net

The Company’s intangible assets, net consist of the following:

 

     December 31,  
     2016      2015  

Anchor tenants relationships

   $ 1,761       $ —     

In-place leases

     3,214         —     
  

 

 

    

 

 

 

Total, at cost

     4,975         —     

Less: accumulated amortization

     (76      —     
  

 

 

    

 

 

 

Intangible assets, net

   $ 4,899       $ —     
  

 

 

    

 

 

 

In connection with the 2016 business acquisitions described in Note 6 — “Business Acquisitions,” the Company recognized $5,199 of intangible assets and recorded $77 of amortization expense for the year ended December 31, 2016. The remaining weighted-average amortization period as of December 31, 2016 was 16.9 years and 10.8 years for anchor tenants relationships and in-place leases, respectively, or 12.9 years in aggregate.

Amortization expense for intangible assets after December 31, 2016 is as follows:

 

Year    Amount  

2017

   $ 483   

2018

     483   

2019

     483   

2020

     476   

2021

     373   

Thereafter

     2,601   
  

 

 

 

Total

   $ 4,899