• Filing Date: 2020-03-06
  • Form Type: 10-K
  • Description: Annual report
v3.19.3.a.u2
Intangible Assets, net
12 Months Ended
Dec. 31, 2019
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,

 

 

 

2019

 

 

2018

 

Anchor tenant relationships

 

$

1,761

 

 

$

1,761

 

In-place leases

 

 

4,215

 

 

 

4,215

 

Total, at cost

 

 

5,976

 

 

 

5,976

 

Less: accumulated amortization

 

 

(1,784

)

 

 

(1,176

)

Intangible assets, net

 

$

4,192

 

 

$

4,800

 

 

For the years ended December 31, 2019, 2018 and 2017, amortization expense associated with intangible assets was $608, $604 and $503, respectively. The remaining weighted-average amortization period as of December 31, 2019 was 14.2 years and 10.0 years for anchor tenant relationships and in-place leases, respectively, or a combined weighted average of 11.4 years.

Amortization expense for intangible assets after December 31, 2019 is as follows:

 

Year

 

Amount

 

2020

 

$

624

 

2021

 

 

519

 

2022

 

 

445

 

2023

 

 

337

 

2024

 

 

333

 

Thereafter

 

 

1,934

 

Total

 

$

4,192