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v3.25.2

Deferred Charges and Other Assets, net | 6 Months Ended
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Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Deferred Charges and Other Assets, net | Deferred charges and other assets, net consist of the following:
| June 30, 2025 |  | December 31, 2024
Leasing | $ | 56,030 |  |  | $ | 69,077 |
Intangible assets: |  |  |
In-place lease values | 161,838 |  |  | 142,979 |
Leasing commissions and legal costs | 34,039 |  |  | 27,676 |
Above-market leases | 80,820 |  |  | 74,712 |
Deferred tax assets | 26,334 |  |  | 25,324 |
Deferred compensation plan assets | 73,221 |  |  | 69,031 |
Other assets | 39,117 |  |  | 48,771 |
| 471,399 |  |  | 457,570 |
Less accumulated amortization(1) | (98,778) |  |  | (88,017) |
| $ | 372,621 |  |  | $ | 369,553 |
(1) Accumulated amortization includes $52,135 and $33,883 relating to in-place lease values, leasing commissions and legal costs at June 30, 2025 and December 31, 2024, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $13,806 and $2,384 for the three months ended June 30, 2025 and 2024, respectively, and $31,447 and $4,160 for the six months ended June 30, 2025 and 2024, respectively. The allocated values of above-market leases and below-market leases consist of the following:
| June 30, 2025 |  | December 31, 2024
Above-Market Leases |  |  |
Original allocated value | $ | 80,820 |  |  | $ | 74,712 |
Less accumulated amortization | (30,928) |  |  | (26,173) |
| $ | 49,892 |  |  | $ | 48,539 |
Below-Market Leases(1) |  |  |
Original allocated value | $ | 115,520 |  |  | $ | 114,150 |
Less accumulated amortization | (38,922) |  |  | (36,338) |
| $ | 76,598 |  |  | $ | 77,812 |
(1) Below-market leases are included in other accrued liabilities.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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