Deferred Charges and Other Assets, net (Tables)

6 Months Ended

Jun. 30, 2020

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

Schedule of deferred charges and other assets, net

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

	June 30, 2020		December 31, 2019
Leasing	$	180,262	$	202,540
Intangible assets:
In-place lease values	62,274		78,171
Leasing commissions and legal costs	16,570		20,518
Above-market leases	55,809		59,916
Deferred tax assets	32,108		30,757
Deferred compensation plan assets	54,571		55,349
Other assets	66,113		60,475
	467,707		507,726
Less accumulated amortization(1)	(202,967)		(229,860)
	$	264,740	$	277,866

(1)   Accumulated amortization includes $54,183 and $66,322 relating to in-place lease values, leasing commissions and legal costs at June 30, 2020 and December 31, 2019, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $1,996 and $3,320 for the three months ended June 30, 2020 and 2019, respectively, and $5,715 and $6,525 for the six months ended June 30, 2020 and 2019, respectively.

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:

	June 30, 2020		December 31, 2019
Above-Market Leases
Original allocated value	$	55,809	$	59,916
Less accumulated amortization	(34,785)		(35,737)
	$	21,024	$	24,179
Below-Market Leases(1)
Original allocated value	$	80,275	$	90,790
Less accumulated amortization	(47,216)		(53,727)
	$	33,059	$	37,063

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