• Filing Date: 2018-03-07
  • Form Type: 10-K
  • Description: Annual report
v3.8.0.1
Intangible Assets, net
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net

Note 10 — Intangible Assets, net

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

 

     December 31,  
     2017      2016  

Anchor tenants relationships

   $ 1,761      $ 1,761  

In-place leases

     3,806        3,214  
  

 

 

    

 

 

 

Total, at cost

     5,567        4,975  

Less: accumulated amortization

     (572      (76
  

 

 

    

 

 

 

Intangible assets, net

   $ 4,995      $ 4,899  
  

 

 

    

 

 

 

Recognized with the 2017 acquisition of commercial real estate described in Real Estate Investments in Note 4 — “Investments” was $636 of in-place leases. In connection with the 2016 business acquisitions described in Note 6 — “Business Acquisitions,” the Company recognized $5,199 of intangible assets. For the years ended December 31, 2017 and 2016, amortization expense associated with intangible assets was $503 and $77, respectively. The remaining weighted-average amortization period as of December 31, 2017 was 17.3 years and 11.4 years for anchor tenants relationships and in-place leases, respectively, or 13.3 years in aggregate.

Amortization expense for intangible assets after December 31, 2017 is as follows:

 

Year

   Amount  

2018

   $ 604  

2019

     604  

2020

     597  

2021

     493  

2022

     419  

Thereafter

     2,278  
  

 

 

 

Total

   $ 4,995