Deferred Costs

3 Months Ended

Mar. 31, 2013

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

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

DEFERRED COSTS

As of March 31, 2013 and December 31, 2012, the Company’s deferred costs were comprised of the following (in thousands):

	March 31, 2013
	Total Cost		Accumulated Amortization			Deferred Costs, net
Leasing Costs	$	147,528	$	(57,203	)	$	90,325
Financing Costs	40,205		(11,152		)	29,053
Total	$	187,733	$	(68,355	)	$	119,378

	December 31, 2012
	Total Cost		Accumulated Amortization			Deferred Costs, net
Leasing Costs	$	150,331	$	(58,343	)	$	91,988
Financing Costs	40,246		(9,991		)	30,255
Total	$	190,577	$	(68,334	)	$	122,243

During the three-month periods ended March 31, 2013 and 2012, the Company capitalized internal direct leasing costs of $1.5 million and $1.3 million, respectively, in accordance with the accounting standard for the capitalization of leasing costs.