Deferred Charges and Other Assets, net

9 Months Ended

Sep. 30, 2021

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, 2021		December 31, 2020
Leasing	$	140,245	$	162,652
Intangible assets:
In-place lease values	66,472		74,298
Leasing commissions and legal costs	17,810		21,096
Above-market leases	75,183		80,120
Deferred tax assets	21,315		30,767
Deferred compensation plan assets	62,658		62,874
Other assets	41,946		61,553
	425,629		493,360
Less accumulated amortization(1)	(173,608)		(186,401)
	$	252,021	$	306,959

(1)   Accumulated amortization includes $44,358 and $47,249 relating to in-place lease values, leasing commissions and legal costs at September 30, 2021 and December 31, 2020, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $2,262 and $1,930 for the three months ended September 30, 2021 and 2020, respectively, and $6,868 and $7,645 for the nine months ended September 30, 2021 and 2020, respectively.

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

	September 30, 2021		December 31, 2020
Above-Market Leases
Original allocated value	$	75,183	$	80,120
Less accumulated amortization	(33,426)		(33,271)
	$	41,757	$	46,849
Below-Market Leases(1)
Original allocated value	$	101,152	$	114,790
Less accumulated amortization	(36,665)		(43,656)
	$	64,487	$	71,134

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