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Deferred Charges and Other Assets, net
6 Months Ended
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 values161,838 142,979 
Leasing commissions and legal costs34,039 27,676 
Above-market leases80,820 74,712 
Deferred tax assets26,334 25,324 
Deferred compensation plan assets73,221 69,031 
Other assets39,117 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.