Deferred Charges and Other Assets, net (Tables)

12 Months Ended

Dec. 31, 2017

Deferred charges and other assets, net at December 31, 2017 and 2016 consist of the following:



	2017			2016
Leasing	$	232,819		$	239,983
Intangible assets:
In-place lease values(1)	108,432			140,437
Leasing commissions and legal costs(1)	25,958			32,384
Above-market leases	164,040			181,851
Deferred tax assets	29,006			38,301
Deferred compensation plan assets	52,221			42,711
Distributions in excess of co-venture obligation(2)	31,150			—
Other assets	66,990			72,206
	710,616			747,873
Less accumulated amortization(3)	(261,426		)	(269,815		)
	$	449,190		$	478,058

_______________________________


(1)	The amortization of these intangible assets for the next five years and thereafter is as follows:


(2)	See Note 11—Co-Venture Arrangement.


(3)	Accumulated amortization includes $74,507 and $88,785 relating to in-place lease values, leasing commissions and legal costs at December 31, 2017 and 2016, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $19,988, $33,048 and $69,460 for the years ended December 31, 2017, 2016 and 2015, respectively.

The amortization of these intangible assets for the next five years and thereafter is as follows:

The allocated values of above-market leases and below-market leases consist of the following:



	2017			2016
Above-Market Leases
Original allocated value	$	164,040		$	181,851
Less accumulated amortization	(60,210		)	(57,505		)
	$	103,830		$	124,346
Below-Market Leases(1)
Original allocated value	$	120,573		$	144,713
Less accumulated amortization	(55,489		)	(58,400		)
	$	65,084		$	86,313

_______________________________


(1)	Below‑market leases are included in other accrued liabilities.

The amortization of these values for the next five years and thereafter is as follows: