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Escrow Deposits, Prepaid Expenses and Other Assets
 6 Months Ended
Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Escrow Deposits, Prepaid Expenses and Other Assets Escrow Deposits, Prepaid Expenses and Other Assets
The following table summarizes the components of escrow deposits, prepaid expenses and other assets as of June 30, 2023 and December 31, 2022 (amounts in thousands):
June 30, 2023December 31, 2022
Consolidated land not owned$125,682 $108,114 
Escrow deposits, prepaid expenses and other113,978 105,811 
Commercial real estate, software, vehicles and FF&E, net91,355 85,772 
Operating lease right-of-use assets17,389 19,129 
Deferred costs and other intangibles, net9,035 10,237 
Notes receivable, net2,034 2,383 
Total$359,473 $331,446 

Depreciation expense related to commercial real estate, software, vehicles and furniture, fixtures and equipment (“FF&E”), net was $4.2 million and $3.1 million for the three months ended June 30, 2023 and 2022, respectively, and $8.4 million and $6.1 million for the six months ended June 30, 2023 and 2022, respectively.

Deferred Costs and Other Intangibles, Net

Deferred costs and other intangibles, net consisted of the following as of June 30, 2023 and December 31, 2022 (amounts in thousands):
 June 30, 2023December 31, 2022
Deferred leasing costs$2,753 $2,375 
Deferred financing costs22,491 22,491 
 25,244 24,866 
Less: accumulated amortization(16,209)(14,629)
Total$9,035 $10,237 

Amortization expense related to deferred leasing costs was $0.7 million for both the three months ended June 30, 2023 and 2022 and $1.4 million and $1.5 million for the six months ended June 30, 2023 and 2022, respectively, and is included in depreciation and amortization within the condensed consolidated statements of operations. Amortization of deferred financing costs related to our revolving credit facility was $0.6 million and $0.7 million for the three months ended June 30, 2023 and 2022, respectively, and $1.3 million and $1.4 million for the six months ended June 30, 2023 and 2022, respectively, and is included in gross interest, prior to interest capitalization (see Note 8. Debt).

The following table sets forth the estimated annual amortization expense related to deferred costs and other intangibles, net as of June 30, 2023 for future periods (amounts in thousands):
Deferred
Leasing Costs		Deferred
Financing Costs		Total
Remaining 2023$1,013 $1,378 $2,391 
2024408 2,730 3,138 
2025— 2,722 2,722 
2026— 784 784 
Total$1,421 $7,614 $9,035