Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of details of deferred costs, net of amortization and other expenses
Details of these deferred costs, net of amortization and other assets are as follows (in thousands):
 
 
December 31,
 
2018
 
2017
Leases in place, net
$
21,785

 
$
25,118

Tenant relationships, net
3,764

 
6,804

Ground lease sandwich interest, net
2,488

 

Lease origination costs, net
1,261

 
1,077

Other
716

 
810

Deposits on acquisitions

 
547

Legal and marketing costs, net
59

 
76

Total Deferred Costs and Other Assets, net
$
30,073

 
$
34,432

Schedule of future amortization of lease origination costs, financing costs and in place leases
Future amortization of lease origination costs, leases in place, legal and marketing costs, tenant relationships and ground lease sandwich interest is as follows (in thousands):
For the Years Ended December 31,
Leases
In Place, net
 
Tenant
Relationships, net
 
Lease
Origination
Costs, net
 
Legal &
Marketing
Costs, net
 
Ground Lease Sandwich Interest, net
 
Total
2019
$
6,391

 
$
1,567

 
$
233

 
$
14

 
$
274

 
$
8,479

2020
4,553

 
865

 
190

 
11

 
274

 
5,893

2021
2,850

 
453

 
175

 
9

 
274

 
3,761

2022
2,181

 
359

 
134

 
6

 
274

 
2,954

2023
1,696

 
232

 
116

 
6

 
274

 
2,324

Thereafter
4,114

 
288

 
413

 
13

 
1,118

 
5,946

 
$
21,785

 
$
3,764

 
$
1,261

 
$
59

 
$
2,488

 
$
29,357

Schedule of disaggregation of Company's revenue
The below table disaggregates the Company’s revenue by type of service for the years ended December 31, 2018, 2017 and 2016 (in thousands):
 
Twelve Months Ended December 31,
 
2018
 
2017
 
2016
 
 
 
 
 
 
Minimum rent
$
50,698

 
$
43,957

 
$
32,876

Tenant reimbursements
12,595

 
11,032

 
8,649

Lease termination fees
1,271

 
560

 
26

Percentage rent
254

 
199

 
289

Asset management fees
189

 
927

 
855

Commissions
140

 
899

 
964

Development income

 
537

 
244

Other
562

 
424

 
257

Total
$
65,709

 
$
58,535

 
$
44,160

Schedule of corporate general and administrative expense
A detail for the "corporate general & administrative" ("CG&A") line item from the consolidated statements of operations is presented below (in thousands):
    
 
December 31,
 
2018
 
2017
 
2016
Professional fees
$
2,844

 
$
1,780

 
$
1,683

Compensation and benefits
2,673

 
2,736

 
5,046

Acquisition and development costs
300

 
1,101

 
2,018

Corporate administration
1,272

 
1,156

 
1,111

Capital related costs
576

 
663

 
514

Travel
240

 
289

 
481

Advertising
261

 
237

 
228

Taxes and licenses
212

 
90

 
162

 
8,378

 
8,052

 
11,243

Less: Allocation of CG&A to Non-REIT management and leases services
(150
)
 
(688
)
 
(1,319
)
Total
$
8,228

 
$
7,364

 
$
9,924