Unamortized Leasing Commissions and Loan Costs

12 Months Ended

Dec. 31, 2011

Unamortized Leasing Commissions and Loan Costs [Abstract]

Other Deferred Costs Disclosures

UNAMORTIZED LEASING COMMISSIONS AND LOAN COSTS

Costs which have been deferred consist of the following (in thousands):

	December 31,
	2011			2010
Leasing commissions	$	5,326		$	4,971
Deferred financing costs	2,916			2,307
Total cost	8,242			7,278
Less: leasing commissions accumulated amortization	(2,861		)	(2,669		)
Less: deferred financing cost accumulated amortization	(1,626		)	(1,011		)
Total cost, net of accumulated amortization	$	3,755		$	3,598

     A summary of expected future amortization of deferred costs is as follows (in thousands):

Years Ended December 31,	Leasing Commissions		Deferred Financing Costs		Total
2012	$	702	$	716	$	1,418
2013	536		488		1,024
2014	384		55		439
2015	266		30		296
2016	195		1		196
Thereafter	382		—		382
Total	$	2,465	$	1,290	$	3,755