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Deferred Charges And Other Assets, net: | 12 Months Ended
--- | ---
Dec. 31, 2011
Deferred Charges And Other Assets, net: |
Deferred Charges And Other Assets, net: |
9. Deferred Charges And Other Assets, net: Deferred charges and other assets, net at December 31, 2011 and 2010 consist of the following:
|  | 2011 |  | 2010 |
--- | --- | --- | --- | --- | ---
Leasing |  | $ | 281,340 |  | $ | 189,853 |
Financing |  |  | 40,638 |  |  | 57,564 |
Intangible assets(1): |  |  |  |  |  |  |
In-place lease values |  |  | 121,320 |  |  | 99,328 |
Leasing commissions and legal costs |  |  | 32,242 |  |  | 29,088 |
Other assets |  |  | 198,596 |  |  | 152,167 |
|  |  | 674,136 |  |  | 528,000 |
Less accumulated amortization(2) |  |  | (190,373 | ) |  | (211,031 | )
|  | $ | 483,763 |  | $ | 316,969 |
(1) The estimated amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31, |  |  |
--- | --- | --- | ---
2012 |  | $ | 22,431 |
2013 |  |  | 15,399 |
2014 |  |  | 10,787 |
2015 |  |  | 7,841 |
2016 |  |  | 6,037 |
Thereafter |  |  | 34,121 |
|  | $ | 96,616 |
(2) Accumulated amortization includes $56,946 and $60,859 relating to intangible assets at December 31, 2011 and 2010, respectively. Amortization expense for intangible assets was $15,492, $14,886 and $19,815 for the years ended December 31, 2011, 2010 and 2009, respectively. The allocated values of above-market leases included in deferred charges and other assets, net and below-market leases included in other accrued liabilities at December 31, 2011 and 2010 consist of the following:
|  | 2011 |  | 2010 |
--- | --- | --- | --- | --- | ---
Above-Market Leases |  |  |  |  |  |  |
Original allocated value |  | $ | 97,297 |  | $ | 50,615 |
Less accumulated amortization |  |  | (39,057 | ) |  | (36,935 | )
|  | $ | 58,240 |  | $ | 13,680 |
Below-Market Leases |  |  |  |  |  |  |
Original allocated value |  | $ | 156,778 |  | $ | 121,813 |
Less accumulated amortization |  |  | (91,400 | ) |  | (83,780 | )
|  | $ | 65,378 |  | $ | 38,033 |
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 estimated amortization of these values for the next five years and thereafter is as follows:
Year Ending December 31, |  | Above Market |  | Below Market |
--- | --- | --- | --- | --- | ---
2012 |  | $ | 10,745 |  | $ | 15,739 |
2013 |  |  | 8,864 |  |  | 13,165 |
2014 |  |  | 7,378 |  |  | 11,505 |
2015 |  |  | 6,053 |  |  | 9,521 |
2016 |  |  | 4,536 |  |  | 7,533 |
Thereafter |  |  | 20,664 |  |  | 7,915 |
|  | $ | 58,240 |  | $ | 65,378 |

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