Deferred Costs and Other Assets, net

12 Months Ended

Dec. 31, 2023

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

Deferred Costs and Other Assets, net

Deferred Costs and Other Assets, net

Deferred costs and other assets, net of accumulated amortization are as follows (in thousands):

	December 31,
	2023		2022
Leases in place, net	$	16,663	$	24,956
Lease origination costs, net	7,461		7,165
Ground lease sandwich interest, net	1,119		1,393
Tenant relationships, net	280		500
Legal and marketing costs, net	278		389
Prepaid expenses	2,224		1,456
Other	3		21
Total deferred costs and other assets, net	$	28,028	$	35,880

As of December 31, 2023 and 2022, the Company’s intangible accumulated amortization totaled $69.9 million and $62.4 million, respectively. During the years ended December 31, 2023 and 2022, the Company’s intangible amortization expense totaled $10.4 million and $6.1 million, respectively. Future amortization of leases in place, lease origination costs, ground lease sandwich interest, tenant relationships, and legal and marketing costs is as follows (in thousands):

For the Years Ended December 31,	Leases in place, net		Lease origination costs, net		Ground lease sandwich interest, net		Tenant relationships, net		Legal & marketing costs, net		Total
2024	$	5,045	$	1,293	$	274	$	124	$	82	$	6,818
2025	3,522		1,161		274		62		60		5,079
2026	2,214		1,017		274		11		45		3,561
2027	1,782		908		274		11		31		3,006
2028	1,192		732		23		11		20		1,978
Thereafter	2,908		2,350		—		61		40		5,359
	$	16,663	$	7,461	$	1,119	$	280	$	278	$	25,801