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Deferred Costs and Intangibles, net

9 Months Ended

Sep. 30, 2020

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, 2020 and December 31, 2019, deferred costs consisted of the following:


	September 30, 2020		December 31, 2019
Acquired lease intangible assets	$	56,113	$	60,862
Deferred leasing costs and other	58,843		62,109
	114,956		122,971
Less—accumulated amortization	(51,073)		(49,814)
Total	$	63,883	$	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:


	Nine Months Ended September 30,
	2020		2019
Amortization of deferred leasing costs, lease intangibles and other	$	10,464	$	10,601
Amortization of above market lease intangibles	725		958