XML 48 R14.htm IDEA: XBRL DOCUMENT v3.20.1
Deferred Costs and Intangibles, net
3 Months Ended
Mar. 31, 2020
Deferred Costs [Abstract]  
Deferred Costs and Intangibles, net Deferred Costs and Intangibles, net
  
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 March 31, 2020 and December 31, 2019, deferred costs consisted of the following:  
 
March 31,
2020
 
December 31,
2019
Acquired lease intangible assets
$
59,137

 
$
60,862

Deferred leasing costs and other
60,372

 
62,109

 
119,509

 
122,971

Less—accumulated amortization
(49,989
)
 
(49,814
)
Total
$
69,520

 
$
73,157


 
 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:
 
Three Months Ended March 31,
 
2020
 
2019
Amortization of deferred leasing costs, lease intangibles and other
$
4,065

 
$
3,694

Amortization of above market lease intangibles
242

 
399