Deferred Costs and Intangibles, net

3 Months Ended

Mar. 31, 2021

Deferred Costs [Abstract]

Deferred Costs and Intangibles, net

Deferred Costs and Intangibles, net

Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized commissions incurred in connection with lease originations.  Deferred leasing costs, lease intangibles and similar costs are amortized on a straight-line basis over the terms of the related leases.  At March 31, 2021 and December 31, 2020, deferred costs consisted of the following:  

	March 31, 2021		December 31, 2020
Acquired lease intangible assets	$	50,711	$	55,352
Deferred leasing costs and other	54,738		57,481
	105,449		112,833
Less—accumulated amortization	(46,494)		(49,662)
Total	$	58,955	$	63,171

 Amortization of deferred leasing costs, leasing intangibles and other is included in depreciation and amortization expense in the accompanying consolidated statements of operations. The amortization of above market lease intangibles is included as a reduction to revenue. The amounts of such amortization included in the accompanying consolidated statements of operations are as follows:

	Three Months Ended March 31,
	2021		2020
Amortization of deferred leasing costs, lease intangibles and other	$	2,832	$	4,065
Amortization of above market lease intangibles	244		242