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Deferred Costs and Intangibles, net

9 Months Ended

Sep. 30, 2019

Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized commissions incurred in connection with lease originations. Deferred leasing costs, lease intangibles and similar costs are amortized on a straight-line basis over the terms of the related leases. At September 30, 2019 and December 31, 2018, deferred costs consisted of the following:



	September 30, 2019			December 31, 2018
Acquired lease intangible assets	$	63,762		$	81,852
Deferred leasing costs and other	63,807			69,870
	127,569			151,722
Less—accumulated amortization	(50,830		)	(56,307		)
Subtotal	$	76,739		$	95,415
Less: properties held for sale	$	—		$	(151	)
Total	$	76,739		$	95,264

Amortization of deferred leasing costs, leasing intangibles and other is included in depreciation and amortization expense in the accompanying consolidated statements of operations. The amortization of above market lease intangibles is included as a reduction to revenue. The amounts of such amortization included in the accompanying consolidated statements of operations are as follows:



	Nine Months Ended September 30,
	2019		2018
Amortization of deferred leasing costs, lease intangibles and other	$	10,601	$	14,531
Amortization of above market lease intangibles	958		2,026