DEFERRED COSTS

12 Months Ended

Dec. 31, 2022

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

DEFERRED COSTS

7. DEFERRED COSTS

As of December 31, 2022 and 2021, the Company’s deferred costs were comprised of the following (in thousands):

	December 31, 2022
	Total Cost		Accumulated Amortization		Deferred Costs, net
Leasing costs	$	155,457	$	(62,920)	$	92,537
Financing costs - Unsecured Credit Facility	4,688		(586)		4,102
Total	$	160,145	$	(63,506)	$	96,639

	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

During the years ended December 31, 2022, 2021 and 2020, the Company capitalized internal direct leasing costs of $3.0 million, $2.1 million, and $1.6 million, respectively.