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Deferred Charges and Other Assets, net (Tables)
9 Months Ended
Sep. 30, 2018
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:
 
September 30,
2018
 
December 31,
2017
Leasing
$
223,811

 
$
232,819

Intangible assets:
 
 
 
In-place lease values
95,807

 
108,432

Leasing commissions and legal costs
24,140

 
25,958

Above-market leases
149,283

 
164,040

Deferred tax assets
30,366

 
29,006

Deferred compensation plan assets
50,939

 
52,221

Distributions in excess of co-venture obligation(1)

 
31,150

Other assets
60,465

 
66,990

 
634,811

 
710,616

Less accumulated amortization(2)
(247,362
)
 
(261,426
)
 
$
387,449

 
$
449,190

 
 
 
(1)
See Note 11Financing Arrangement.
(2)
Accumulated amortization includes $70,627 and $74,507 relating to in-place lease values, leasing commissions and legal costs at September 30, 2018 and December 31, 2017, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $3,114 and $4,206 for the three months ended September 30, 2018 and 2017, respectively, and $10,504 and $15,755 for the nine months ended September 30, 2018 and 2017, 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:
 
September 30,
2018
 
December 31,
2017
Above-Market Leases
 
 
 
Original allocated value
$
149,283

 
$
164,040

Less accumulated amortization
(54,688
)
 
(60,210
)
 
$
94,595

 
$
103,830

Below-Market Leases(1)
 
 
 
Original allocated value
$
108,568

 
$
120,573

Less accumulated amortization
(53,955
)
 
(55,489
)
 
$
54,613

 
$
65,084

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