DEFERRED COSTS

12 Months Ended

Dec. 31, 2023

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

DEFERRED COSTS

7. DEFERRED COSTS

As of December 31, 2023 and 2022, the Company’s deferred costs were comprised of the following (in thousands):

	December 31, 2023
	Total Cost		Accumulated Amortization		Deferred Costs, net
Leasing costs	$	164,274	$	(71,220)	$	93,054
Financing costs - Unsecured Credit Facility	4,688		(1,758)		2,930
Total	$	168,962	$	(72,978)	$	95,984

	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

During the years ended December 31, 2023, 2022 and 2021, the Company capitalized internal direct leasing costs of $1.8 million, $3.0 million, and $2.1 million, respectively.