Deferred Costs and Other Intangibles, Net

6 Months Ended

Jun. 30, 2019

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

Deferred Costs and Other Intangibles, Net

Deferred Costs and Other Intangibles, Net

Deferred costs and other intangibles, net, consisted of the following as of June 30, 2019 and December 31, 2018 (in thousands):

	June 30, 2019			December 31, 2018
Deferred leasing costs	$	7,521		$	11,912
Deferred financing costs	11,245			11,246
Intangible assets:
Database	2,100			2,100
	20,866			25,258
Less: accumulated amortization	(11,880		)	(12,572		)
Total	$	8,986		$	12,686

Amortization expense related to deferred leasing costs, the value of in-place leases, and database intangibles was $2.4 million and $2.5 million for the three months ended June 30, 2019 and 2018, respectively, and $4.9 million and $4.7 million for the six months ended June 30, 2019 and 2018, respectively, and was included in depreciation and amortization within the condensed consolidated statements of operations. Amortization of deferred financing costs that relate to our revolving credit facility was $0.5 million for both the three months ended June 30, 2019 and 2018 and $1.0 million for both the six months ended June 30, 2019 and 2018 and was included in gross interest, prior to interest capitalization (see Note 8).

The following table sets forth the estimated annual amortization expense related to deferred costs and other intangibles, net as of June 30, 2019 for future periods (in thousands):

	Deferred Leasing Costs		Deferred Financing Costs		Database		Total
Remaining 2019	$	2,360	$	990	$	150	$	3,500
2020	453		1,969		132		2,554
2021	—		1,964		—		1,964
2022	—		968		—		968
Total	$	2,813	$	5,891	$	282	$	8,986