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

3 Months Ended

Mar. 31, 2020

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

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



	March 31, 2020		December 31, 2019
	(unaudited)
Leases in place, net	$	13,571	$	14,968
Ground lease sandwich interest, net	2,146		2,215
Tenant relationships, net	1,891		2,173
Lease origination costs, net	971		1,038
Legal and marketing costs, net	31		43
Other	1,667		588
Total deferred costs and other assets, net	$	20,277	$	21,025

As of March 31, 2020 and December 31, 2019, the Company’s intangible accumulated amortization totaled $57.55 million and $57.15 million, respectively. During the three months ended March 31, 2020 and 2019, the Company’s intangible amortization expense totaled $1.86 million and $2.63 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		Ground Lease Sandwich Interest, net		Tenant Relationships, net		Lease Origination Costs, net		Legal & Marketing Costs, net		Total
For the remaining nine months ending December 31, 2020	$	3,182	$	205	$	580	$	126	$	8	$	4,101
December 31, 2021	2,766		274		448		158		8		3,654
December 31, 2022	2,119		274		354		116		6		2,869
December 31, 2023	1,638		274		227		98		5		2,242
December 31, 2024	1,124		274		128		83		3		1,612
December 31, 2025	799		274		62		63		—		1,198
Thereafter	1,943		571		92		327		1		2,934
	$	13,571	$	2,146	$	1,891	$	971	$	31	$	18,610