Note 5. Deferred costs and other intangibles

Deferred costs and other intangibles, net, consists of the following as of September 30, 2014 and December 31, 2013 (in thousands):

	September 30, 2014			December 31, 2013

Deferred leasing costs	$	16,595		$	12,526
Deferred financing costs		40,047			12,147
Intangible assets:
Value of in-place leases		8,202			6,085
Trademark		3,100			3,100
Database		2,100			2,100


		70,044			35,958
Less: accumulated amortization		(27,237	)		(15,385	)


Total	$	42,807		$	20,573

Amortization expense related to deferred leasing costs, the value of in-place leases, trademark and database was $4.0 million and $3.2 million for the three months ended September 30, 2014 and 2013, respectively, and $11.7 million and $5.1 million for the nine months ended September 30, 2014 and 2013, respectively, which has been included in depreciation and amortization in the accompanying condensed consolidated statements of operations. Amortization of deferred financing costs was $1.4 million and $2.2 million for the three months ended September 30, 2014, and 2013, respectively, and $2.9 million and $3.1 million for the nine months ended September 30, 2014 and 2013, 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 September 30, 2014 for future periods (in thousands):

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

Remaining 2014	$	1,595	$	1,656	$	769	$	165	$	75
2015		2,489		6,569		488		660		300
2016		—		6,587		4		660		300
2017		—		5,233		—		660		300
2018		—		4,764		—		91		300
Thereafter		—		8,710		—		—		432


Total	$	4,084	$	33,519	$	1,261	$	2,236	$	1,707