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Deferred Costs, Acquired Lease Intangibles and Goodwill
 3 Months Ended
Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Costs, Acquired Lease Intangibles and Goodwill Deferred Costs, Acquired Lease Intangibles and Goodwill
Deferred costs, net, consisted of the following as of March 31, 2020 and December 31, 2019 (amounts in thousands):  
 
March 31, 2020
 
December 31, 2019
Leasing costs
$
200,792

 
$
199,033

Acquired in-place lease value and deferred leasing costs
193,478

 
200,296

Acquired above-market leases
44,813

 
49,213

 
439,083

 
448,542

Less: accumulated amortization
(220,505
)
 
(224,598
)
Total deferred costs, net, excluding net deferred financing costs
$
218,578

 
$
223,944


At December 31, 2019, $4.2 million of net deferred financing costs associated with the unsecured revolving credit facility was included in deferred costs, net on the condensed consolidated balance sheet. At March 31, 2020, the net deferred financing costs associated with the unsecured revolving credit facility were included as a reduction of debt.
Amortization expense related to deferred leasing costs and acquired deferred leasing costs was $5.9 million and $6.2 million for the three months ended March 31, 2020 and 2019, respectively. Amortization expense related to acquired lease intangibles was $2.0 million and $3.2 million for the three months ended March 31, 2020 and 2019, respectively.
Amortizing acquired intangible assets and liabilities consisted of the following as of March 31, 2020 and December 31, 2019 (amounts in thousands):
 
March 31, 2020
 
December 31, 2019
Acquired below-market ground leases
$
396,916

 
$
396,916

Less: accumulated amortization
(46,307
)
 
(44,350
)
Acquired below-market ground leases, net
$
350,609

 
$
352,566


 
March 31, 2020
 
December 31, 2019
Acquired below-market leases
$
(97,101
)
 
$
(100,472
)
Less: accumulated amortization
59,478

 
60,793

Acquired below-market leases, net
$
(37,623
)
 
$
(39,679
)

Rental revenue related to the amortization of below-market leases, net of above-market leases, was $0.9 million and $2.4 million for the three months ended March 31, 2020 and 2019, respectively.
As of March 31, 2020, we had goodwill of $491.5 million. Goodwill was allocated $227.5 million to the observatory reportable segment and $264.0 million to the real estate segment.