Deferred Costs and Other Intangibles

Deferred costs and other intangibles, net, consists of the following as of December 31, 2015 and 2014 (in thousands):



	December 31, 2015			December 31, 2014
Deferred leasing costs	$	8,692		$	18,307
Deferred financing costs	78,348			53,013
Intangible assets:
Value of in-place leases	152			10,468
Trademark	3,100			3,100
Database	2,100			2,100
	92,392			86,988
Less: accumulated amortization	(25,396		)	(32,406		)
Total	$	66,996		$	54,582

Amortization expense related to deferred leasing costs, the value of in-place leases, trademark and database was $13.1 million, $15.1 million and $10.7 million for the years ended December 31, 2015, 2014 and 2013, respectively, which has been included in depreciation and amortization expense within the consolidated statements of operations. Amortization of deferred financing costs was $9.4 million, $4.6 million and $3.7 million for the years ended December 31, 2015, 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 December 31, 2015, for future periods (in thousands):



Year	Deferred Leasing Costs		Deferred Financing Costs		Value of In-place Leases		Trademark		Database
2016	$	3,622	$	10,691	$	38	$	660	$	300
2017	—		9,034		—		660		300
2018	—		8,536		—		92		300
2019	—		6,383		—		—		300
2020	—		5,064		—		—		132
Thereafter	—		20,884		—		—		—
Total	$	3,622	$	60,592	$	38	$	1,412	$	1,332