Unamortized Lease Commissions, Legal Fees and Loan Costs |
UNAMORTIZED LEASE COMMISSIONS, LEGAL FEES AND LOAN COSTS Costs which have been deferred consist of the following (in thousands): | | | | | | | | | | | | | | | | | December 31, | | | 2021 | | 2020 | Leasing commissions | | $ | 13,341 | | | $ | 10,380 | | Deferred legal cost | | 365 | | | 373 | | Deferred financing cost | | 3,898 | | | 3,898 | | Total cost | | 17,604 | | | 14,651 | | Less: leasing commissions accumulated amortization | | (6,305) | | | (5,029) | | Less: deferred legal cost accumulated amortization | | (248) | | | (216) | | Less: deferred financing cost accumulated amortization | | (2,609) | | | (1,720) | | Total cost, net of accumulated amortization | | $ | 8,442 | | | $ | 7,686 | |
A summary of expected future amortization of deferred costs is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | Leasing Commissions | | Deferred Legal Costs | | Deferred Financing Costs | | Total | 2022 | | $ | 1,634 | | | $ | 32 | | | $ | 829 | | | $ | 2,495 | | 2023 | | 1,344 | | | 22 | | | 241 | | | 1,607 | | 2024 | | 1,125 | | | 19 | | | 188 | | | 1,332 | | 2025 | | 874 | | | 18 | | | 31 | | | 923 | | 2026 | | 677 | | | 17 | | | — | | | 694 | | Thereafter | | 1,382 | | | 9 | | | — | | | 1,391 | | Total | | $ | 7,036 | | | $ | 117 | | | $ | 1,289 | | | $ | 8,442 | |
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