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Deferred Leasing Costs and Lease Intangibles, net (Tables)
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets and Liabilities
The following summarizes the Company’s deferred leasing costs and lease intangibles as of:
December 31, 2018December 31, 2017
Deferred leasing costs and in-place lease intangibles336,535 301,945 
Accumulated amortization(123,432)(127,703)
Deferred leasing costs and in-place lease intangibles, net213,103 174,242 
Below-market ground leases72,916 68,388 
Accumulated amortization(8,932)(6,498)
Below-market ground leases, net63,984 61,890 
Above-market leases8,425 18,028 
Accumulated amortization(5,616)(15,131)
Above-market leases, net2,809 2,897 
DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET(1)
$279,896 $239,029 
Below-market leases101,736 103,597 
Accumulated amortization(57,043)(55,019)
Below-market leases, net44,693 48,578 
Above-market ground leases1,095 1,095 
Accumulated amortization(176)(133)
Above-market ground leases, net919 962 
LEASE INTANGIBLE LIABILITIES, NET (1)
$45,612 $49,540 
_____________ 
1.Excludes balances related to properties that have been classified as held for sale.
Schedule of Amortization During Period
The Company recognized the following amortization related to deferred leasing costs and lease intangibles:
For the Year Ended December 31,
2018
2017
2016
Deferred leasing costs and in-place lease intangibles(1)
$(46,690)$(72,883)$(84,492)
Below-market ground leases(2)
$(2,465)$(2,548)$(2,203)
Above-market leases(3)
$(1,550)$(6,953)$(11,259)
Below-market leases(3)
$19,143 $25,015 $30,993 
Above-market ground leases(2)
$43 $43 $43 
_____________ 
1.Amortization is recorded in depreciation and amortization expenses and office rental revenues in the Consolidated Statements of Operations.
2.Amortization is recorded in office operating expenses in the Consolidated Statements of Operations.
3.Amortization is recorded in revenues in the Consolidated Statements of Operations.
Schedule of Future Amortization Expense
The following table provides information regarding the Company’s estimated amortization of deferred leasing costs and lease intangibles as of December 31, 2018:
For the Year Ended December 31,Deferred lease cost and in-place lease intangiblesBelow-market ground leaseAbove-market leaseBelow-market leaseAbove-market ground lease
2019$(40,100)$(2,504)$(1,190)$13,296 $43 
2020(30,387)(2,504)(610)10,027 43 
2021(24,099)(2,504)(428)7,500 43 
2022(18,535)(2,504)(250)4,877 43 
2023(15,063)(2,504)(222)3,965 43 
Thereafter (84,919)(51,464)(109)5,028 704 
TOTAL(1)
$(213,103)$(63,984)$(2,809)$44,693 $919 
_____________ 
1.Excludes balances related to properties that have been classified as held for sale.
Schedule of Estimated Amortization Income
The following table provides information regarding the Company’s estimated amortization of deferred leasing costs and lease intangibles as of December 31, 2018:
For the Year Ended December 31,Deferred lease cost and in-place lease intangiblesBelow-market ground leaseAbove-market leaseBelow-market leaseAbove-market ground lease
2019$(40,100)$(2,504)$(1,190)$13,296 $43 
2020(30,387)(2,504)(610)10,027 43 
2021(24,099)(2,504)(428)7,500 43 
2022(18,535)(2,504)(250)4,877 43 
2023(15,063)(2,504)(222)3,965 43 
Thereafter (84,919)(51,464)(109)5,028 704 
TOTAL(1)
$(213,103)$(63,984)$(2,809)$44,693 $919 
_____________ 
1.Excludes balances related to properties that have been classified as held for sale.