v3.26.1
DEFERRED COSTS AND INTANGIBLES, NET
 6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
DEFERRED COSTS AND INTANGIBLES, NET DEFERRED COSTS AND INTANGIBLES, NET
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 June 30, 2026 and December 31, 2025, deferred costs consisted of the following (in thousands):
June 30, 2026December 31, 2025
Acquired lease intangible assets$231,506 $260,108 
Deferred leasing costs and other92,465 91,550 
 323,971 351,658 
Less: accumulated amortization(145,798)(167,017)
$178,173 $184,641 
Less: deferred costs associated with investment properties held for sale— (3,088)
Deferred costs, net$178,173 $181,553 
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):
 Six Months Ended June 30,
20262025
Amortization of deferred leasing costs, lease intangibles and other$20,913 $35,742 
Amortization of above-market lease intangibles$2,260 $4,221