Deferred costs consist primarily of acquired lease intangible assets, broker fees, and capitalized internal commissions incurred in connection with lease originations. Deferred leasing costs, lease intangibles and similar costs are amortized on a straight-line basis over the terms of the related leases. As of March 31, 2025 and December 31, 2024, deferred costs consisted of the following (in thousands):


	March 31, 2025		December 31, 2024
Acquired lease intangible assets	$	324,784	$	357,674
Deferred leasing costs and other	90,620		89,762
	415,404		447,436
Less: accumulated amortization	(182,371)		(206,589)
	$	233,033	$	240,847
Less: deferred costs associated with investment properties held for sale	(2,746)		(2,634)
Deferred costs, net	$	230,287	$	238,213

The amortization of deferred leasing costs, lease intangibles and other is included within “Depreciation and amortization” in the accompanying consolidated statements of operations and comprehensive income. The amortization of above-market lease intangibles is included as a reduction to “Rental income” in the accompanying consolidated statements of operations and comprehensive income. The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands):


	Three Months Ended March 31,
	2025		2024
Amortization of deferred leasing costs, lease intangibles and other	$	18,081	$	21,278
Amortization of above-market lease intangibles	$	1,954	$	2,704