Annual report pursuant to section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Details of Deferred Costs, Net of Amortization and Other Assets

Details of these deferred costs, net of amortization and other assets are as follows:

 

     December 31,  
     2013      2012  

Lease origination costs, net

   $ 3,720,812       $ 1,941,457   

Leases in place, net

     8,754,154         2,916,084   

Financing costs, net

     3,110,904         779,969   

Property escrows

     2,151,755         253,969   

Legal and marketing costs, net

     203,819         260,146   

Tenant relationships

     2,372,600         —     

Other

     533,940         376,281   
  

 

 

    

 

 

 

Total Deferred Costs and Other Assets, net

   $ 20,847,984       $ 6,527,906   
  

 

 

    

 

 

 
Future Amortization of Lease Origination Costs, Financing Costs and in Place Leases

Future amortization of lease origination costs, leases in place, financing costs, legal and marketing costs and tenant relationships is as follows:

 

For the Years Ending

December 31,

   Lease
Origination
Costs
     Leases
In Place
     Financing
Costs
     Legal &
Marketing
Costs
     Tenant
Relationships
 

2014

   $ 476,589       $ 2,317,788       $ 746,912       $ 49,890       $ 978,098   

2015

     438,146         1,846,242         725,155         35,381         710,773   

2016

     399,520         1,311,656         432,337         29,660         406,888   

2017

     353,904         931,557         313,130         22,261         222,010   

2018

     271,049         442,912         277,691         16,483         40,523   

Thereafter

     1,781,604         1,903,999         615,679         50,144         14,308   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $ 3,720,812       $ 8,754,154       $ 3,110,904       $ 203,819       $ 2,372,600