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Deferred Charges and Other Assets, net | 12 Months Ended
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Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Deferred Charges and Other Assets, net | Deferred Charges and Other Assets, net: Deferred charges and other assets, net at December 31, 2024 and 2023 consist of the following:
| 2024 |  | 2023
Leasing | $ | 69,077 |  |  | $ | 89,175 |
Intangible assets: |  |  |
In-place lease values(1) | 142,979 |  |  | 59,478 |
Leasing commissions and legal costs(1) | 27,676 |  |  | 16,364 |
Above-market leases | 74,712 |  |  | 66,002 |
Deferred tax assets | 25,324 |  |  | 24,024 |
Deferred compensation plan assets | 69,031 |  |  | 62,755 |
Other assets | 48,771 |  |  | 73,576 |
| 457,570 |  |  | 391,374 |
Less accumulated amortization(2) | (88,017) |  |  | (128,306) |
| $ | 369,553 |  |  | $ | 263,068 |
_______________________________ (1)The amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31, |
2025 | $ | 51,111 |
2026 | 26,731 |
2027 | 17,828 |
2028 | 11,615 |
2029 | 8,376 |
Thereafter | 21,111 |
| $ | 136,772 |
(2)Accumulated amortization includes $33,883 and $39,540 relating to in-place lease values, leasing commissions and legal costs at December 31, 2024 and 2023, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $18,423, $7,417 and $6,734 for the years ended December 31, 2024, 2023 and 2022, respectively. The allocated values of above-market leases and below-market leases consist of the following as of December 31, 2024 and 2023:
| 2024 |  | 2023
Above-Market Leases(1) |  |  |
Original allocated value | $ | 74,712 |  |  | $ | 66,002 |
Less accumulated amortization | (26,173) |  |  | (36,926) |
| $ | 48,539 |  |  | $ | 29,076 |
Below-Market Leases(1) |  |  |
Original allocated value | $ | 114,150 |  |  | $ | 85,174 |
Less accumulated amortization | (36,338) |  |  | (37,490) |
| $ | 77,812 |  |  | $ | 47,684 |
_______________________________ (1)Above-market leases are included in deferred charges and other assets, net. Below-market leases are included in other accrued liabilities. 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 amortization of these values for the next five years and thereafter is as follows:
Year Ending December 31, |  | Above Market |  | Below Market
2025 |  | $ | 12,535 |  |  | $ | 15,874 |
2026 |  | 9,201 |  |  | 13,306 |
2027 |  | 7,253 |  |  | 10,069 |
2028 |  | 5,408 |  |  | 8,079 |
2029 |  | 4,502 |  |  | 6,982 |
Thereafter |  | 9,640 |  |  | 23,502 |
|  | $ | 48,539 |  |  | $ | 77,812 |

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