Deferred Costs and Intangible Assets

Deferred costs and intangible assets consist of the following:

	June 30, 2019			December 31, 2018
	(unaudited)
Deferred costs	$	347		$	286
Above-market leases		480			480
Lease origination costs		3,122			3,110
In-place leases		7,347			8,078
Real estate tax abatements		9,143			12,571
Total deferred costs and intangible assets		20,439			24,525
Less accumulated amortization		(11,066	)		(14,561	)
Total deferred costs and intangible assets, net	$	9,373		$	9,964

Amortization of lease origination costs and in-place lease intangible assets was

$196

and

$311

for the

three

months ended

June 30, 2019

and

2018,

respectively, and

$384

and

$864

for the

six

months ended

June 30, 2019

and

2018,

respectively;

$749

of fully amortized lease origination costs and in-place leases was written off during the

six

months ended

June 30, 2019.

Amortization of real estate tax abatements of

$120

and

$118

for the

three

months ended

June 30, 2019

and

2018,

respectively, and

$239

and

$236

for the

six

months ended

June 30, 2019

and

2018,

respectively, is included in real estate taxes and insurance in the consolidated statements of operations;

$3,428

of fully amortized real estate tax abatements was written off during the

six

months ended

June 30, 2019.

Amortization of above-market leases of

$29

and

$58

for the

three

months ended

June 30, 2019

and

2018,

respectively, and

$59

and

$117

for the

six

months ended

June 30, 2019

and

2018,

respectively, is included in commercial rental income in the consolidated statements of operations.

Deferred costs and intangible assets as of

June 30, 2019,

amortize in future years as follows:

2019 (Remainder)	$	527
2020		801
2021		775
2022		743
2023		597
Thereafter		5,930
Total	$	9,373