Deferred Charges and Other Assets, net:

Deferred charges and other assets, net at December 31, 2018 and 2017 consist of the following:



	2018			2017
Leasing	$	226,885		$	232,819
Intangible assets:
In-place lease values(1)	94,966			108,432
Leasing commissions and legal costs(1)	23,508			25,958
Above-market leases	140,889			164,040
Deferred tax assets	32,197			29,006
Deferred compensation plan assets	45,857			52,221
Distributions in excess of co-venture obligation(2)	—			31,150
Other assets	75,497			66,990
	639,799			710,616
Less accumulated amortization(3)	(249,396		)	(261,426		)
	$	390,403		$	449,190

_______________________________


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



Year Ending December 31,
2019	$	10,957
2020	8,260
2021	6,780
2022	5,111
2023	3,685
Thereafter	11,395
	$	46,188


(2)	See Note 11—Financing Arrangement.


(3)	Accumulated amortization includes $72,286 and $74,507 relating to in-place lease values, leasing commissions and legal costs at December 31, 2018 and 2017, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $13,635, $19,958 and $33,048 for the years ended December 31, 2018, 2017 and 2016, respectively.

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



	2018			2017
Above-Market Leases
Original allocated value	$	140,889		$	164,040
Less accumulated amortization	(49,847		)	(60,210		)
	$	91,042		$	103,830
Below-Market Leases(1)
Original allocated value	$	108,330		$	120,573
Less accumulated amortization	(56,345		)	(55,489		)
	$	51,985		$	65,084

_______________________________


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

The allocated values of above and below-market leases will be amortized into minimum rents on a straight-line basis over the individual remaining lease terms. The amortization of these values for the next five years and thereafter is as follows:



Year Ending December 31,	Above Market		Below Market
2019	$	8,303	$	9,968
2020	7,286		7,716
2021	6,621		6,095
2022	5,882		5,122
2023	5,482		4,080
Thereafter	57,468		19,004
	$	91,042	$	51,985