Deferred Charges and Other Assets, net:

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



	June 30, 2015			December 31, 2014
Leasing	$	242,983		$	239,955
Financing	49,099			47,171
Intangible assets:
In-place lease values	280,875			298,825
Leasing commissions and legal costs	70,991			72,432
Above-market leases	258,239			250,810
Deferred tax assets	36,843			35,625
Deferred compensation plan assets	37,872			35,194
Other assets	61,556			66,246
	1,038,458			1,046,258
Less accumulated amortization(1)	(306,601		)	(287,197		)
	$	731,857		$	759,061

(1)

Accumulated amortization includes $111,635 and $103,361 relating to in-place lease values, leasing commissions and legal costs at June 30, 2015 and December 31, 2014, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $18,667 and $11,360 for the three months ended June 30, 2015 and 2014, respectively, and $40,345 and $24,098 for the six months ended June 30, 2015 and 2014, respectively.

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



	June 30, 2015			December 31, 2014
Above-Market Leases
Original allocated value	$	258,239		$	250,810
Less accumulated amortization	(69,975		)	(59,696		)
	$	188,264		$	191,114
Below-Market Leases(1)
Original allocated value	$	366,232		$	375,033
Less accumulated amortization	(102,645		)	(93,511		)
	$	263,587		$	281,522


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