Deferred Costs

9 Months Ended

Sep. 30, 2012

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

DEFERRED COSTS

DEFERRED COSTS

As of September 30, 2012 and December 31, 2011, the Company’s deferred costs were comprised of the following (in thousands):

	September 30, 2012
	Total Cost		Accumulated Amortization			Deferred Costs, net
Leasing Costs	$	145,212	$	(56,536	)	$	88,676
Financing Costs	40,828		(10,322		)	30,506
Total	$	186,040	$	(66,858	)	$	119,182

	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 and nine-month periods ended September 30, 2012, the Company capitalized internal direct leasing costs of $1.3 million and $4.0 million, respectively, and $1.4 million and $4.7 million during the three and nine-month periods ended September 30, 2011, respectively, in accordance with the accounting standard for the capitalization of leasing costs.