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Deferred Charges and Other Assets, net
12 Months Ended
Dec. 31, 2017
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 at December 31, 2017 and 2016 consist of the following:
 
2017
 
2016
Leasing
$
232,819

 
$
239,983

Intangible assets:
 
 
 
In-place lease values(1)
108,432

 
140,437

Leasing commissions and legal costs(1)
25,958

 
32,384

   Above-market leases
164,040

 
181,851

Deferred tax assets
29,006

 
38,301

Deferred compensation plan assets
52,221

 
42,711

Distributions in excess of co-venture obligation(2)
31,150

 

Other assets
66,990

 
72,206

 
710,616

 
747,873

Less accumulated amortization(3)
(261,426
)
 
(269,815
)
 
$
449,190

 
$
478,058

_______________________________


(1)
The amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31,
 
2018
$
13,165

2019
11,115

2020
8,418

2021
6,866

2022
5,136

Thereafter
15,183

 
$
59,883



(2)
See Note 11Co-Venture Arrangement.

(3)
Accumulated amortization includes $74,507 and $88,785 relating to in-place lease values, leasing commissions and legal costs at December 31, 2017 and 2016, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $19,988, $33,048 and $69,460 for the years ended December 31, 2017, 2016 and 2015, respectively.
The allocated values of above-market leases and below-market leases consist of the following:
 
2017
 
2016
Above-Market Leases
 
 
 
Original allocated value
$
164,040

 
$
181,851

Less accumulated amortization
(60,210
)
 
(57,505
)
 
$
103,830

 
$
124,346

Below-Market Leases(1)
 
 
 
Original allocated value
$
120,573

 
$
144,713

Less accumulated amortization
(55,489
)
 
(58,400
)
 
$
65,084

 
$
86,313

_______________________________
(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
2018
 
$
11,109

 
$
11,657

2019
 
9,265

 
10,400

2020
 
8,088

 
8,016

2021
 
6,944

 
6,286

2022
 
5,370

 
5,201

Thereafter
 
63,054

 
23,524

 
 
$
103,830

 
$
65,084