Annual report pursuant to Section 13 and 15(d)

Deferred Costs Deferred Costs

v3.20.4
Deferred Costs Deferred Costs
12 Months Ended
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Costs
5. Deferred Costs
Deferred costs and other assets, net of amortization are as follows (in thousands):
December 31,
2020 2019
Leases in place, net $ 10,233  $ 14,968 
Ground lease sandwich interest, net 1,941  2,215 
Lease origination costs, net 1,334  1,038 
Tenant relationships, net 1,308  2,173 
Legal and marketing costs, net 22  43 
Other 592  588 
    Total deferred costs and other assets, net $ 15,430  $ 21,025 
As of December 31, 2020 and 2019, the Company’s intangible accumulated amortization totaled $60.33 million and $57.15 million, respectively. During the years ended December 31, 2020 and 2019, the Company’s intangible amortization expense totaled $5.97 million and $9.30 million, respectively. Future amortization of leases in place, ground lease sandwich interest, lease origination costs, tenant relationships, and legal and marketing costs is as follows (in thousands):
For the Years Ended December 31, Leases In
Place, net
Ground Lease Sandwich Interest, net  Lease
Origination
Costs, net
Tenant
Relationships, net
Legal &
Marketing
Costs, net
Total
2021 $ 2,669  $ 274  $ 216  $ 444  $ $ 3,611 
2022 2,109  274  174  354  2,917 
2023 1,632  274  156  227  2,294 
2024 1,119  274  141  128  1,665 
2025 794  274  117  62  —  1,247 
Thereafter 1,910  571  530  93  —  3,104 
$ 10,233  $ 1,941  $ 1,334  $ 1,308  $ 22  $ 14,838