Total fees incurred under the Property Management Agreement and Asset Management Agreement are as follows:

(in thousands)	Financial Statement	For the years ended December 31,
Type of Fee	Presentation	2019		2018		2017
Asset management fee	Asset management fees	$	21,863	$	18,173	$	14,754
Property management fee	Property management fees		8,256		6,529		4,988
Total management fee expense			30,119		24,702		19,742

Marketing fee (offering costs)	Additional paid-in capital		1,649		1,158		1,380
Acquisition fee	Capitalized as a component of assets acquired		10,319		5,907		6,580
Leasing and re-leasing fees	Leasing fees, net		843		1,399		3,339
Disposition fee	Gain on sale of real estate		1,765		573		605
Total management fees		$	44,695	$	33,739	$	31,646