Deferred Charges and Other Assets, net

9 Months Ended

Sep. 30, 2019

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

Deferred Charges and Other Assets, net

Deferred Charges and Other Assets, net:

Deferred charges and other assets, net consist of the following:

	September 30, 2019		December 31, 2018
Leasing	$	203,843	$	226,885
Intangible assets:
In-place lease values	82,777		94,966
Leasing commissions and legal costs	21,019		23,508
Above-market leases	62,679		140,889
Deferred tax assets	30,643		32,197
Deferred compensation plan assets	52,006		45,857
Other assets	51,655		75,497
	504,622		639,799
Less accumulated amortization(1)	(226,823)		(249,396)
	$	277,799	$	390,403

(1)   Accumulated amortization includes $67,599 and $72,286 relating to in-place lease values, leasing commissions and legal costs at September 30, 2019 and December 31, 2018, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $3,467 and $3,114 for the three months ended September 30, 2019 and 2018, respectively, and $9,991 and $10,504 for the nine months ended September 30, 2019 and 2018, respectively.

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

	September 30, 2019		December 31, 2018
Above-Market Leases
Original allocated value	$	62,679	$	140,889
Less accumulated amortization	(36,199)		(49,847)
	$	26,480	$	91,042
Below-Market Leases(1)
Original allocated value	$	92,420	$	108,330
Less accumulated amortization	(54,837)		(56,345)
	$	37,583	$	51,985

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