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DEFERRED COSTS AND INTANGIBLES, NET
 3 Months Ended
Mar. 31, 2023
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 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. As of March 31, 2023 and December 31, 2022, deferred costs consisted of the following (in thousands):
March 31, 2023December 31, 2022
Acquired lease intangible assets$491,585 $522,152 
Deferred leasing costs and other68,336 66,842 
 559,921 588,994 
Less: accumulated amortization(178,278)(179,166)
$381,643 $409,828 
Less: deferred costs associated with investment property held for sale(104)— 
Total$381,539 $409,828 
 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 (in thousands):
 Three Months Ended March 31,
20232022
Amortization of deferred leasing costs, lease intangibles and other$28,481 $42,829 
Amortization of above-market lease intangibles$3,183 $3,275