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Deferred Costs and Intangibles, net

6 Months Ended

Jun. 30, 2021

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 June 30, 2021 and December 31, 2020, deferred costs consisted of the following:


	June 30, 2021		December 31, 2020
Acquired lease intangible assets	$	49,760	$	55,352
Deferred leasing costs and other	54,198		57,481
	103,958		112,833
Less—accumulated amortization	(46,719)		(49,662)
Total	$	57,239	$	63,171

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:


	Six Months Ended June 30,
	2021		2020
Amortization of deferred leasing costs, lease intangibles and other	$	5,431	$	7,131
Amortization of above market lease intangibles	467		483