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Deferred Charges and Other Assets, net:

3 Months Ended

Mar. 31, 2012

Deferred Charges and Other Assets, net:

9. Deferred Charges and Other Assets, net:

Deferred charges and other assets, net, consist of the following:

	March 31, 2012			December 31, 2011

Leasing	$	206,116		$	281,340
Financing		37,044			40,638
Intangible assets:
In-place lease values		114,265			121,320
Leasing commissions and legal costs		32,742			32,242
Other assets		200,723			198,596

		590,890			674,136
Less accumulated amortization(1)		(181,323	)		(190,373	)

	$	409,567		$	483,763

(1): Accumulated amortization includes $53,624 and $56,946 relating to intangible assets at March 31, 2012 and December 31, 2011, respectively. Amortization expense for intangible assets was $9,652 and $3,658 for the three months ended March 31, 2012 and 2011, 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, consist of the following:

	March 31, 2012			December 31, 2011

Above-Market Leases
Original allocated value	$	99,963		$	97,297
Less accumulated amortization		(40,809	)		(39,057	)

	$	59,154		$	58,240

Below-Market Leases
Original allocated value	$	153,156		$	156,778
Less accumulated amortization		(88,326	)		(91,400	)

	$	64,830		$	65,378