Note 5. Deferred costs and other intangibles

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

	March 31, 2014			December 31, 2013

Deferred leasing costs	$	13,497		$	12,526
Deferred financing costs		12,796			12,147
Intangible assets:
Value of in-place leases		5,547			6,085
Trademark		3,100			3,100
Database		2,100			2,100


		37,040			35,958
Less: accumulated amortization		(18,412	)		(15,385	)


Total	$	18,628		$	20,573

Amortization expense related to deferred leasing costs, the value of in-place leases, trademark and database was $4.1 million for the three months ended March 31, 2014, which has been included in depreciation and amortization. Amortization of deferred financing costs was $0.6 million for the three months ended March 31, 2014, 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 March 31, 2014 for future periods (in thousands):

Year	Deferred Leasing Costs		Deferred Financing Costs		Value of In-place Leases		Trademark		Database

Remaining 2014	$	5,269	$	1,844	$	193	$	495	$	225
2015		192		2,483		—		660		300
2016		—		2,490		—		660		300
2017		—		1,148		—		660		300
2018		—		586		—		91		300
Thereafter		—		—		—		—		432


Total	$	5,461	$	8,551	$	193	$	2,566	$	1,857