XML 29 R14.htm IDEA: XBRL DOCUMENT v3.20.4
Other Assets
12 Months Ended
Dec. 31, 2020
Other Assets [Abstract]  
Other Assets Other Assets
Real Estate Mortgages Receivable

We provided mortgage financing totaling $7.7 million at 6.0% per annum in connection with our sale of three properties (18 buildings) in January 2013 in Dearborn, MI.  In August 2018, we sold this real estate mortgage receivable for $5.7 million and recorded a loss of $2.1 million in interest and other income for the year ended December 31, 2018.
As of December 31, 2020 and 2019, we did not have any real estate mortgages receivable.

Deferred Leasing Costs and Capitalized Lease Incentives

The following table summarizes our deferred leasing costs and capitalized lease incentives as of December 31, 2020, and 2019 (in thousands):
December 31,
20202019
Deferred leasing costs$21,692 $36,546 
Accumulated amortization
(10,251)(9,928)
Deferred leasing costs, net$11,441 $26,618 
Capitalized lease incentives$2,938 $3,103 
Accumulated amortization
(1,371)(1,073)
Capitalized lease incentives, net$1,567 $2,030 

Future amortization of deferred leasing costs, included in amortization expense, and capitalized lease incentives, included in rental revenues, to be recognized by us during the current terms of our leases as of December 31, 2020 are approximately (in thousands):
Deferred Leasing CostsCapitalized Lease Incentives
2021$2,425 $327 
20222,059 311 
20231,754 267 
20241,304 151 
20251,053 108 
Thereafter2,846 403 
$11,441 $1,567