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Deferred Charges and Other Assets, net:

6 Months Ended

Jun. 30, 2012

Deferred Charges and Other Assets, net:

9. Deferred Charges and Other Assets, net:

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

	June 30, 2012			December 31, 2011

Leasing	$	204,554		$	281,340
Financing		34,307			40,638
Intangible assets:
In-place lease values		104,330			121,320
Leasing commissions and legal costs		28,468			32,242
Other assets		196,446			198,596

		568,105			674,136
Less accumulated amortization(1)		(180,987	)		(190,373	)

	$	387,118		$	483,763

(1): Accumulated amortization includes $50,068 and $56,946 relating to intangible assets at June 30, 2012 and December 31, 2011, respectively. Amortization expense for intangible assets was $6,553 and $3,325 for the three months ended June 30, 2012 and 2011, respectively, and $16,205 and $6,983 for the six months ended June 30, 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:

	June 30, 2012			December 31, 2011

Above-Market Leases
Original allocated value	$	98,217		$	97,297
Less accumulated amortization		(41,575	)		(39,057	)

	$	56,642		$	58,240

Below-Market Leases
Original allocated value	$	136,602		$	156,778
Less accumulated amortization		(79,929	)		(91,400	)

	$	56,673		$	65,378