Deferred Costs and Other Intangibles, Net

Deferred costs and other intangibles, net, consist of the following as of March 31, 2017, and December 31, 2016 (in thousands):



	March 31, 2017			December 31, 2016
Deferred leasing costs	$	8,952		$	7,470
Deferred financing costs	6,552			6,552
Intangible assets:
Value of in-place leases	4,644			4,739
Trademark	3,100			3,100
Database	2,100			2,100
	25,348			23,961
Less: accumulated amortization	(15,209		)	(12,005		)
Total	$	10,139		$	11,956

Amortization expense related to deferred leasing costs, the value of in-place leases, trademark and database was $2.9 million and $7.6 million for the three months ended March 31, 2017 and 2016, respectively, which has been included in depreciation and amortization within the condensed consolidated statements of operations. Deferred financing costs that relate to our revolving credit facility are included in deferred costs and other intangibles, net within the condensed consolidated balance sheets. Amortization of deferred financing costs that relate to our revolving credit facility was $0.4 million and $0.6 million for the three months ended March 31, 2017 and 2016, respectively, which has been included in gross interest, prior to interest capitalization (see Note 7).

The following table sets forth the estimated annual amortization expense related to deferred costs and other intangibles, net as of March 31, 2017, for future periods (in thousands):



Year	Deferred Leasing Costs		Deferred Financing Costs		Value of In-place Leases		Trademark		Database
Remaining 2017	$	2,700	$	1,237	$	181	$	495	$	225
2018	155		1,641		21		92		300
2019	—		1,641		2		—		300
2020	—		1,017		—		—		132
2021	—		—		—		—		—
Total	$	2,855	$	5,536	$	204	$	587	$	957