Quarterly report pursuant to Section 13 or 15(d)

Deferred Costs

v3.19.3
Deferred Costs
9 Months Ended
Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Costs
Deferred Costs
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