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Deferred Leasing Costs and Lease Intangibles, net (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of deferred leasing cost and lease intangibles
The following summarizes the Company’s deferred leasing costs and lease intangibles as of:
September 30, 2020December 31, 2019
Deferred leasing costs and in-place lease intangibles$317,509 $359,215 
Accumulated amortization(122,381)(136,816)
Deferred leasing costs and in-place lease intangibles, net195,128 222,399 
Below-market ground leases72,916 72,916 
Accumulated amortization(13,232)(11,436)
Below-market ground leases, net59,684 61,480 
Above-market leases2,905 8,015 
Accumulated amortization(1,810)(6,446)
Above-market leases, net1,095 1,569 
DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET$255,907 $285,448 
Below-market leases$75,035 $87,064 
Accumulated amortization(52,353)(56,447)
Below-market leases, net22,682 30,617 
Above-market ground leases1,095 1,095 
Accumulated amortization(252)(219)
Above-market ground leases, net843 876 
LEASE INTANGIBLE LIABILITIES, NET$23,525 $31,493 
Schedule of amortization during period
The Company recognized the following amortization related to deferred leasing costs and lease intangibles:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Deferred leasing costs and in-place lease intangibles(1)
$(9,936)$(10,813)$(30,800)$(34,006)
Below-market ground leases(2)
$(598)$(626)$(1,796)$(1,878)
Above-market leases(3)
$(120)$(296)$(472)$(944)
Below-market leases(3)
$2,575 $3,106 $7,935 $10,863 
Above-market ground leases(2)
$11 $11 $33 $33 
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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.