Deferred Costs

3 Months Ended

Mar. 31, 2012

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

DEFERRED COSTS

DEFERRED COSTS

As of March 31, 2012 and December 31, 2011, the Company’s deferred costs were comprised of the following (in thousands):

	March 31, 2012
	Total Cost		Accumulated Amortization			Deferred Costs, net
Leasing Costs	$	136,932	$	(51,196	)	$	85,736
Financing Costs	42,019		(9,070		)	32,949
Total	$	178,951	$	(60,266	)	$	118,685

	December 31, 2011
	Total Cost		Accumulated Amortization			Deferred Costs, net
Leasing Costs	$	140,772	$	(50,990	)	$	89,782
Financing Costs	38,929		(13,349		)	25,580
Total	$	179,701	$	(64,339	)	$	115,362

During the three-month periods ended March 31, 2012 and 2011, the Company capitalized internal direct leasing costs of $1.3 million and $1.5 million, respectively, in accordance with the accounting standard for the capitalization of leasing costs.