Deferred Costs and Intangibles, net

12 Months Ended

Dec. 31, 2020

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


($ in thousands)	2020		2019
Acquired lease intangible assets	$	55,352	$	60,862
Deferred leasing costs and other	57,481		62,109
	112,833		122,971
Less—accumulated amortization	(49,662)		(49,814)
Total	$	63,171	$	73,157

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
2021	$	978	$	4,409	$	5,387
2022	728		3,590		4,318
2023	676		2,721		3,397
2024	529		2,136		2,665
2025	506		1,756		2,262
Thereafter	1,105		10,487		11,592
Total	$	4,522	$	25,099	$	29,621

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,
	2020		2019		2018
Amortization of deferred leasing costs, lease intangibles and other	$	13,916	$	14,239	$	18,648
Amortization of above market lease intangibles	999		1,200		2,553