DEFERRED COSTS

12 Months Ended

Dec. 31, 2021

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

DEFERRED COSTS

7. DEFERRED COSTS

As of December 31, 2021 and 2020, the Company’s deferred costs were comprised of the following (in thousands):

	December 31, 2021
	Total Cost		Accumulated Amortization		Deferred Costs, net
Leasing costs	$	143,895	$	(57,445)	$	86,450
Financing costs - Unsecured Credit Facility	6,299		(5,887)		412
Total	$	150,194	$	(63,332)	$	86,862

	December 31, 2020
	Total Cost		Accumulated Amortization		Deferred Costs, net
Leasing costs	$	139,207	$	(55,656)	$	83,551
Financing costs - Unsecured Credit Facility	6,299		(4,994)		1,305
Total	$	145,506	$	(60,650)	$	84,856

During the years ended December 31, 2021, 2020 and 2019, the Company capitalized internal direct leasing costs of $2.1 million, $1.6 million, and $1.7 million, respectively.