Deferred Costs and Other Intangibles

Deferred costs and other intangibles, net, consisted of the following as of June 30, 2016, and December 31, 2015 (in thousands):



	June 30, 2016			December 31, 2015
Deferred leasing costs	$	12,866		$	8,692
Deferred financing costs	12,804			12,454
Intangible assets:
In-place lease values	22,754			152
Trademark	3,100			3,100
Database	2,100			2,100
	53,624			26,498
Less: accumulated amortization	(37,225		)	(16,069		)
Total	$	16,399		$	10,429

Deferred costs and other intangibles, net increased $6.0 million to $16.4 million as of June 30, 2016, compared to $10.4 million as of December 31, 2015, primarily related to the acquisition of $22.7 million of in-place leases in connection with the Merger with ARPI (see Note 10).

Amortization expense related to deferred leasing costs, the value of in-place leases, trademark and database was $12.3 million and $4.0 million for the three months ended June 30, 2016 and 2015, respectively, and $19.8 million and $7.2 million for the six months ended June 30, 2016 and 2015, respectively, which has been included in depreciation and amortization within the condensed consolidated statements of operations. Deferred financing costs relate to our credit facility. Amortization of deferred financing costs was $0.7 million and $0.6 million for the three months ended June 30, 2016 and 2015, respectively, and $1.3 million and $1.2 million for the six months ended June 30, 2016 and 2015, 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, 2016, for future periods (in thousands):



Year	Deferred Leasing Costs		Deferred Financing Costs		Value of In-place Leases		Trademark		Database
Remaining 2016	$	2,682	$	1,515	$	6,213	$	330	$	150
2017	745		1,017		1,435		660		300
2018	—		519		9		92		300
2019	—		—		—		—		300
2020	—		—		—		—		132
Total	$	3,427	$	3,051	$	7,657	$	1,082	$	1,182