Wheeler Real Estate Investment Trust, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Deferred Costs

Deferred Costs

9 Months Ended

Sep. 30, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Deferred costs, net of amortization and other assets are as follows (in thousands):



	September 30, 2019		December 31, 2018
	(unaudited)
Leases in place, net	$	16,530	$	21,785
Tenant relationships, net	2,481		3,764
Ground lease sandwich interest, net	2,283		2,488
Lease origination costs, net	1,166		1,261
Legal and marketing costs, net	48		59
Other	749		716
Total deferred costs and other assets, net	$	23,257	$	30,073

As of September 30, 2019 and December 31, 2018, the Company’s intangible accumulated amortization totaled $55.36 million and $50.55 million, respectively. During the three and nine months ended September 30, 2019, the Company’s intangible amortization expense totaled $2.14 million and $7.18 million, respectively. During the three and nine months ended September 30, 2018, the Company's intangible amortization expense totaled $2.99 million and $11.39 million, respectively. Future amortization of lease origination costs, leases in place, legal and marketing costs, tenant relationships, and ground lease sandwich interests is as follows (in thousands, unaudited):



	Leases In Place, net		Tenant Relationships, net		Ground Lease Sandwich Interest, net		Lease Origination Costs, net		Legal & Marketing Costs, net		Total
For the remaining three months ending December 31, 2019	$	1,358	$	308	$	68	$	54	$	3	$	1,791
For the years ending:
December 31, 2020	4,506		860		274		187		11		5,838
December 31, 2021	2,810		448		274		174		9		3,715
December 31, 2022	2,142		354		274		132		6		2,908
December 31, 2023	1,661		227		274		115		6		2,283
December 31, 2024	1,147		128		274		100		3		1,652
Thereafter	2,906		156		845		404		10		4,321
	$	16,530	$	2,481	$	2,283	$	1,166	$	48	$	22,508