Deferred Charges and Other Assets, net (Tables)

3 Months Ended

Mar. 31, 2021

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:

	March 31, 2021		December 31, 2020
Leasing	$	141,724	$	162,652
Intangible assets:
In-place lease values	69,874		74,298
Leasing commissions and legal costs	19,517		21,096
Above-market leases	77,740		80,120
Deferred tax assets	28,528		30,767
Deferred compensation plan assets	60,834		62,874
Other assets	62,208		61,553
	460,425		493,360
Less accumulated amortization(1)	(166,635)		(186,401)
	$	293,790	$	306,959

(1)   Accumulated amortization includes $44,802 and $47,249 relating to in-place lease values, leasing commissions and legal costs at March 31, 2021 and December 31, 2020, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $2,203 and $3,719 for the three months ended March 31, 2021 and 2020, 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:

	March 31, 2021		December 31, 2020
Above-Market Leases
Original allocated value	$	77,740	$	80,120
Less accumulated amortization	(32,503)		(33,271)
	$	45,237	$	46,849
Below-Market Leases(1)
Original allocated value	$	105,013	$	114,790
Less accumulated amortization	(35,907)		(43,656)
	$	69,106	$	71,134

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