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Deferred Leasing Costs and Lease Intangibles, net
 3 Months Ended
Mar. 31, 2018
Leases [Abstract]  
Deferred Leasing Costs and Lease Intangibles, net
Deferred Leasing Costs and Lease Intangibles, net

The following summarizes the Company’s deferred leasing costs and lease intangibles as of:
 
March 31, 2018
 
December 31, 2017
Above-market leases
$
11,526

 
$
19,222

Accumulated amortization
(8,507
)
 
(15,731
)
Above-market leases, net
3,019

 
3,491

Deferred leasing costs and in-place lease intangibles
298,042

 
311,599

Accumulated amortization
(120,436
)
 
(132,426
)
Deferred leasing costs and in-place lease intangibles, net
177,606

 
179,173

Below-market ground leases
68,388

 
68,388

Accumulated amortization
(7,101
)
 
(6,498
)
Below-market ground leases, net
61,287

 
61,890

Deferred leasing costs and lease intangible assets, net(1)
$
241,912

 
$
244,554

 
 
 
 
Below-market leases
$
100,259

 
$
105,233

Accumulated amortization
(55,560
)
 
(56,265
)
Below-market leases, net
44,699

 
48,968

Above-market ground leases
1,095

 
1,095

Accumulated amortization
(143
)
 
(133
)
Above-market ground leases, net
952

 
962

Lease intangible liabilities, net(1)
$
45,651

 
$
49,930

_____________ 
(1)
Excludes balances related to properties that have been classified as held for sale.
    
The Company recognized the following amortization related to deferred leasing costs and lease intangibles:
 
Three Months Ended March 31,
 
2018
 
2017
Above-market leases(1)
$
(474
)
 
$
(1,356
)
Deferred leasing costs and in-place lease intangibles(2)
(11,696
)
 
(19,793
)
Below-market ground leases(3)
(635
)
 
(648
)
Below-market leases(1)
4,285

 
7,088

Above-market ground leases(3)
11

 
11


__________________ 
(1)
Amortization is recorded in revenues in the Consolidated Statements of Operations.
(2)
Amortization is recorded in depreciation and amortization expenses and office rental revenues in the Consolidated Statements of Operations.
(3)
Amortization is recorded in office operating expenses in the Consolidated Statements of Operations.