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Deferred Financing and Leasing Costs
12 Months Ended
Dec. 31, 2018
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, 2018 and 2017 (in thousands):
 
December 31,
 
2018
 
2017
Deferred financing costs
$
19,598

 
$
17,044

Deferred leasing costs
203,609

 
175,656

Market value intangible
18,071

 
18,802

Origination value intangible
96,529

 
90,116

 
337,807

 
301,618

Accumulated amortization:
 
 
 
Deferred financing costs
13,217

 
11,002

Deferred leasing costs
84,806

 
69,118

Market value intangible
14,611

 
14,324

Origination value intangible
56,434

 
59,719

 
169,068

 
154,163

Deferred financing and leasing costs, net
$
168,739

 
$
147,455


Amortization of deferred financing costs was $3.8 million, $3.8 million and $4.0 million for the years ended December 31, 2018, 2017 and 2016, respectively. Amortization of deferred leasing costs and origination value intangible was $30.0 million, $31.6 million and $37.1 million for the years ended December 31, 2018, 2017 and 2016, respectively.
As of December 31, 2018, the remaining weighted-average amortization period was 2.1 years for market value intangible and 4.2 years for origination value intangible.
The table above includes market value intangible assets. There were also $11.2 million and $9.6 million of unamortized market value intangible liabilities as of December 31, 2018 and 2017, 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 income of $45,000 for the year ended December 31, 2018 and expense of $1.3 million and $1.6 million for the years ended December 31, 2017, and 2016, respectively. The amount for the year ended December 31, 2018 was an increase in rental revenue and the amounts for the years ended December 31, 2017 and 2016 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):
2019
$
(435
)
2020
(1,224
)
2021
(1,128
)
2022
(1,177
)
2023
(638
)
Thereafter
(3,121
)
Total
$
(7,723
)

The aggregate amortization expense for origination value intangible asset for the next five years and thereafter is as follows (in thousands):
2019
$
12,345

2020
7,674

2021
6,315

2022
4,063

2023
2,498

Thereafter
7,200

Total
$
40,095