Deferred Charges and Other Assets, net

9 Months Ended

Sep. 30, 2022

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, 2022		December 31, 2021
Leasing	$	113,356	$	134,887
Intangible assets:
In-place lease values	65,082		62,826
Leasing commissions and legal costs	17,377		16,710
Above-market leases	72,659		72,289
Deferred tax assets	22,856		23,406
Deferred compensation plan assets	51,781		68,807
Other assets	42,596		46,319
	385,707		425,244
Less accumulated amortization(1)	(159,366)		(170,336)
	$	226,341	$	254,908

(1)   Accumulated amortization includes $43,845 and $43,978 relating to in-place lease values, leasing commissions and legal costs at September 30, 2022 and December 31, 2021, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $1,688 and $2,262 for the three months ended September 30, 2022 and 2021, respectively, and $5,019 and $6,868 for the nine months ended September 30, 2022 and 2021, respectively.

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

	September 30, 2022		December 31, 2021
Above-Market Leases
Original allocated value	$	72,659	$	72,289
Less accumulated amortization	(34,901)		(32,484)
	$	37,758	$	39,805
Below-Market Leases(1)
Original allocated value	$	97,194	$	99,332
Less accumulated amortization	(38,874)		(37,122)
	$	58,320	$	62,210

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