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Deferred Leasing Costs and Lease Intangibles, net
 3 Months Ended
Mar. 31, 2019
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, 2019December 31, 2018
Deferred leasing costs and in-place lease intangibles$340,634 $336,535 
Accumulated amortization(126,298)(123,432)
Deferred leasing costs and in-place lease intangibles, net214,336 213,103 
Below-market ground leases72,916 72,916 
Accumulated amortization(9,558)(8,932)
Below-market ground leases, net63,358 63,984 
Above-market leases8,370 8,425 
Accumulated amortization(5,871)(5,616)
Above-market leases, net2,499 2,809 
DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET(1)
$280,193 $279,896 
Below-market leases$92,623 $101,736 
Accumulated amortization(52,419)(57,043)
Below-market leases, net40,204 44,693 
Above-market ground leases1,095 1,095 
Accumulated amortization(187)(176)
Above-market ground leases, net908 919 
LEASE INTANGIBLE LIABILITIES, NET(1)
$41,112 $45,612 
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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,
20192018
Deferred leasing costs and in-place lease intangibles(1)
$(11,882)$(11,696)
Below-market ground leases(2) 
$(626)$(635)
Above-market leases(3) 
$(310)$(474)
Below-market leases(3)
$4,489 $4,285 
Above-market ground leases(2)
$11 $11 
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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 rental revenues in the Consolidated Statements of Operations.