Deferred Charges and Other Assets, net:

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



	June 30, 2014			December 31, 2013
Leasing	$	221,671		$	223,038
Financing	50,372			51,695
Intangible assets:
In-place lease values	190,390			205,651
Leasing commissions and legal costs	47,754			50,594
Above-market leases	114,493			118,770
Deferred tax assets	34,426			31,356
Deferred compensation plan assets	34,265			30,932
Other assets	61,916			65,793
	755,287			777,829
Less accumulated amortization(1)	(248,509		)	(244,771		)
	$	506,778		$	533,058

(1)

Accumulated amortization includes $88,752 and $89,141 relating to in-place lease values, leasing commissions and legal costs at June 30, 2014 and December 31, 2013, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $11,360 and $14,424 for the three months ended June 30, 2014 and 2013, respectively, and $24,098 and $28,090 for the six months ended June 30, 2014 and 2013, respectively.

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



	June 30, 2014			December 31, 2013
Above-Market Leases
Original allocated value	$	114,493		$	118,770
Less accumulated amortization	(51,628		)	(46,912		)
	$	62,865		$	71,858
Below-Market Leases(1)
Original allocated value	$	186,398		$	187,537
Less accumulated amortization	(85,325		)	(79,271		)
	$	101,073		$	108,266


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