Deferred Costs and Intangibles, net

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized salaries and related benefits 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 December 31, 2019 and 2018, deferred costs consisted of the following:



($ in thousands)	2019			2018
Acquired lease intangible assets	$	60,862		$	81,852
Deferred leasing costs and other	62,109			69,870
	122,971			151,722
Less—accumulated amortization	(49,814		)	(56,307		)
Subtotal	$	73,157		$	95,415
Less - asset held for sale	—			(151		)
Total	73,157			95,264

The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows:



($ in thousands)	Amortization of above market leases		Amortization of acquired lease intangible assets		Total
2020	$	926	$	4,846	$	5,772
2021	681		3,872		4,553
2022	446		3,184		3,630
2023	424		2,463		2,887
2024	401		1,912		2,313
Thereafter	1,343		15,207		16,550
Total	$	4,221	$	31,484	$	35,705

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:



($ in thousands)	For the year ended December 31,
	2019		2018		2017
Amortization of deferred leasing costs, lease intangibles and other	$	14,239	$	18,648	$	22,960
Amortization of above market lease intangibles	1,200		2,553		4,025