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Deferred Financing and Leasing Costs
12 Months Ended
Dec. 31, 2017
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Deferred Financing and Leasing Costs
DEFERRED FINANCING AND LEASING COSTS
Deferred financing and leasing costs were comprised of the following as of December 31, 2017 and 2016 (in thousands):
 
December 31,
 
2017
 
2016
Deferred financing costs
$
17,044

 
$
11,917

Deferred leasing costs
198,767

 
179,161

Market value intangible
18,802

 
19,451

Origination value intangible
90,116

 
83,485

 
324,729

 
294,014

Accumulated amortization:
 
 
 
Deferred financing costs
11,002

 
10,152

Deferred leasing costs
80,434

 
70,842

Market value intangible
14,324

 
12,625

Origination value intangible
59,719

 
53,357

 
165,479

 
146,976

Deferred financing and leasing costs, net
$
159,250

 
$
147,038


Amortization of deferred financing costs was $3.8 million, $4.0 million and $4.4 million for the years ended December 31, 2017, 2016 and 2015, respectively. Amortization of deferred leasing costs and origination value intangible was $31.6 million, $37.1 million and $44.2 million for the years ended December 31, 2017, 2016 and 2015, respectively.
As of December 31, 2017, the remaining weighted-average amortization period was 3.2 years for market value intangible and 5.5 years for origination value intangible.
The table above includes market value intangible assets. There were also $9.6 million and $4.4 million of unamortized market value intangible liabilities as of December 31, 2017 and 2016, respectively. These liabilities are included as other liabilities in the accompanying consolidated balance sheets of the Company. Amortization of the aggregate asset and liability for market value intangible was an expense of $1.3 million, $1.6 million and $1.9 million for the years ended December 31, 2017, 2016, and 2015, respectively. These amounts were included as a decrease in rental revenue in the accompanying consolidated statements of comprehensive income.
The aggregate amortization of net market value intangible assets and liabilities is a decrease (increase) in rental revenue over the next five years and thereafter as follows (in thousands):
2018
$
242

2019
(265
)
2020
(858
)
2021
(891
)
2022
(762
)
Thereafter
(2,637
)
Total
$
(5,171
)

The aggregate amortization expense for origination value intangible asset for the next five years and thereafter is as follows (in thousands):
2018
$
9,748

2019
6,437

2020
3,664

2021
2,839

2022
2,158

Thereafter
5,551

Total
$
30,397