Deferred Charges and Other Assets, net (Tables)

12 Months Ended

Dec. 31, 2018

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

Schedule of 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

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(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.

Schedule of Estimated Amortization of Intangible Assets for the Next Five Years and Thereafter

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

Allocated Values of Above-market Leases and below-market leases

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.

Schedule of Estimated Amortization of Allocated Values of Above and Below-market Leases for the Next Five Years and Thereafter

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