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DEFERRED COSTS AND INTANGIBLES, NET
 12 Months Ended
Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Costs and Intangibles, net DEFERRED COSTS AND INTANGIBLES, NET
Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized internal 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 December 31, 2021 and 2020, deferred costs consisted of the following:
($ in thousands)20212020
Acquired lease intangible assets$567,149 $55,352 
Deferred leasing costs and other55,817 57,481 
 622,966 112,833 
Less: accumulated amortization(81,448)(49,662)
Total$541,518 $63,171 
The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows:
($ in thousands)Amortization of above-market leasesAmortization of acquired lease intangible assetsTotal
2022$12,610 $133,302 $145,912 
202310,297 85,763 96,060 
20248,461 58,852 67,313 
20256,571 39,351 45,922 
20266,405 39,159 45,564 
Thereafter18,155 79,502 97,657 
Total$62,499 $435,929 $498,428 
Amortization of deferred leasing costs, lease intangibles and other is included within “Depreciation and amortization” in the accompanying consolidated statements of operations and comprehensive income. The amortization of above-market lease intangibles is included as a reduction to “Rental income” in the accompanying consolidated statements of operations and comprehensive income. The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows:
Year ended December 31,
($ in thousands)202120202019
Amortization of deferred leasing costs, lease intangibles and other$45,423 $13,916 $14,239 
Amortization of above-market lease intangibles3,483 999 1,200