Unamortized Leasing Commissions and Loan Costs

6 Months Ended

Jun. 30, 2012

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Unamortized Leasing Comissions and Loan Costs

UNAMORTIZED LEASING COMMISSIONS AND LOAN COSTS

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

	June 30, 2012			December 31, 2011
Leasing commissions	$	5,193		$	5,326
Deferred financing cost	4,315			2,916
Total cost	9,508			8,242
Less: leasing commissions accumulated amortization	(2,760		)	(2,861		)
Less: deferred financing cost accumulated amortization	(2,253		)	(1,626		)
Total cost, net of accumulated amortization	$	4,495		$	3,755