Deferred costs and other intangibles

6 Months Ended

Jun. 30, 2014

Deferred costs and other intangibles

Deferred costs and other intangibles

Note 5. Deferred costs and other intangibles

        Deferred costs and other intangibles, net, consists of the following as of June 30, 2014 and December 31, 2013 (in thousands):

	June 30, 2014			December 31, 2013
Deferred leasing costs	$	14,837		$	12,526
Deferred financing costs		27,111			12,147
Intangible assets:
Value of in-place leases		5,547			6,085
Trademark		3,100			3,100
Database		2,100			2,100
		52,695			35,958
Less: accumulated amortization		(22,330	)		(15,385	)
Total	$	30,365		$	20,573

        Amortization expense related to deferred leasing costs, the value of in-place leases, trademark and database was $3.5 million and $1.9 million for the three months ended June 30, 2014 and 2013, respectively, and $7.7 million and $1.9 million for the six months ended June 30, 2014 and 2013, respectively, which has been included in depreciation and amortization in the accompanying condensed consolidated statements of operations. Amortization of deferred financing costs was $0.9 million and $0.7 million for the three months ended June 30, 2014, and 2013, respectively, and $1.5 million and $0.9 million for the six months ended June 30, 2014 and 2013, respectively, which has been included in gross interest, prior to interest capitalization (see Note 6).

        The following table sets forth the estimated annual amortization expense related to deferred costs and other intangibles, net as of June 30, 2014 for future periods (in thousands):

Year	Deferred Leasing Costs		Deferred Financing Costs		Value of In-place Leases		Trademark		Database
Remaining 2014	$	3,423	$	2,654	$	—	$	330	$	150
2015		808		5,274		—		660		300
2016		—		5,289		—		660		300
2017		—		3,939		—		660		300
2018		—		3,469		—		91		300
Thereafter		—		1,326		—		—		432
Total	$	4,231	$	21,951	$	—	$	2,401	$	1,782