Quarterly report pursuant to Section 13 or 15(d)

Deferred Costs (Tables)

v3.20.1
Deferred Costs (Tables)
3 Months Ended
Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of details of deferred costs, net of amortization and other assets
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

Schedule of future amortization of lease origination costs, financing costs and in place leases
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