Washington Real Estate Investment Trust Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Deferred Costs

Deferred Costs

12 Months Ended

Dec. 31, 2014

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

NOTE 16: DEFERRED COSTS

As of December 31, 2014 and 2013 deferred costs were included in prepaid expenses and other assets as follows (in thousands):



	December 31,
	2014						2013
	Gross Carrying Value		Accumulated Amortization		Net		Gross Carrying Value		Accumulated Amortization		Net
Deferred financing costs	$	18,836	$	11,801	$	7,035	$	17,842	$	8,950	$	8,892
Deferred leasing costs	50,943		18,351		32,592		39,642		14,788		24,854
Deferred leasing incentives	14,194		3,605		10,589		7,143		2,417		4,726

Amortization and write-offs of deferred financing, leasing and leasing incentives costs from continuing operations for the three years ended December 31, 2014 were as follows (in thousands):



	Year Ended December 31,
	2014		2013		2012
Deferred financing costs amortization	$	2,851	$	2,550	$	2,411
Deferred leasing costs amortization	4,699		4,279		3,635
Deferred leasing incentives amortization	1,704		980		675