Deferred Costs, Capitalized, Prepaid, and Other Assets

3 Months Ended

Mar. 31, 2023

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

Deferred Leasing Costs

6. DEFERRED LEASING COSTS, NET

Deferred leasing costs consist primarily of initial direct costs in connection with lease originations. We record amortization of deferred leasing costs on a straight-line basis over the terms of the related leases. As of March 31, 2023 and December 31, 2022, details of these deferred costs were as follows (amounts in thousands):

	March 31, 2023		December 31, 2022
Deferred leasing costs	$	444	$	440
Accumulated amortization	(101)		(87)
Deferred leasing costs, net	$	343	$	353

Amortization of deferred leasing costs is recorded in depreciation and amortization expense in the consolidated statements of operations and comprehensive income. The Company’s deferred leasing costs amortization for the three months ended March 31, 2023 and 2022, were as follows (amounts in thousands):

	Three Months Ended March 31,
	2023		2022
Amortization of deferred leasing costs	$	(14)	$	(11)