Unamortized Lease Commissions, Legal Fees and Loan Costs

12 Months Ended

Dec. 31, 2021

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

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