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Deferred Leasing Costs and Lease Intangibles, net (Tables) | 12 Months Ended
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Dec. 31, 2020
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, 2020 |  | December 31, 2019
Deferred leasing costs and in-place lease intangibles | $ | 352,903 |  |  | $ | 359,215 |
Accumulated amortization | (127,180) |  |  | (136,816) |
Deferred leasing costs and in-place lease intangibles, net | 225,723 |  |  | 222,399 |
Below-market ground leases | 72,916 |  |  | 72,916 |
Accumulated amortization | (13,831) |  |  | (11,436) |
Below-market ground leases, net | 59,085 |  |  | 61,480 |
Above-market leases | 2,802 |  |  | 8,015 |
Accumulated amortization | (1,774) |  |  | (6,446) |
Above-market leases, net | 1,028 |  |  | 1,569 |
DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET | $ | 285,836 |  |  | $ | 285,448 |
Below-market leases | $ | 98,365 |  |  | $ | 87,064 |
Accumulated amortization | (50,054) |  |  | (56,447) |
Below-market leases, net | 48,311 |  |  | 30,617 |
Above-market ground leases | 1,095 |  |  | 1,095 |
Accumulated amortization | (262) |  |  | (219) |
Above-market ground leases, net | 833 |  |  | 876 |
LEASE INTANGIBLE LIABILITIES, NET | $ | 49,144 |  |  | $ | 31,493 |
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,
| 2020 |  | 2019 |  | 2018
Deferred leasing costs and in-place lease intangibles(1) | $ | (41,334) |  |  | $ | (45,177) |  |  | $ | (46,690) |
Below-market ground leases(2) | $ | (2,395) |  |  | $ | (2,503) |  |  | $ | (2,465) |
Above-market leases(3) | $ | (874) |  |  | $ | (1,240) |  |  | $ | (1,550) |
Below-market leases(3) | $ | 10,509 |  |  | $ | 14,076 |  |  | $ | 19,143 |
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 office rental 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, 2020:
For the Year Ended December 31, |  | Deferred Leasing Costs and In-place Lease Intangibles |  | Below-market Ground Leases |  | Above-market Leases |  | Below-market Leases |  | Above-market Ground Leases
2021 |  | $ | (33,432) |  |  | $ | (2,395) |  |  | $ | (342) |  |  | $ | 7,180 |  |  | $ | 43 |
2022 |  | (26,757) |  |  | (2,395) |  |  | (175) |  |  | 4,693 |  |  | 43 |
2023 |  | (22,243) |  |  | (2,395) |  |  | (147) |  |  | 3,799 |  |  | 43 |
2024 |  | (16,636) |  |  | (2,395) |  |  | (25) |  |  | 1,804 |  |  | 43 |
2025 |  | (11,612) |  |  | (2,395) |  |  | (5) |  |  | 842 |  |  | 43 |
Thereafter |  | (115,043) |  |  | (47,110) |  |  | (334) |  |  | 29,993 |  |  | 618 |
TOTAL |  | $ | (225,723) |  |  | $ | (59,085) |  |  | $ | (1,028) |  |  | $ | 48,311 |  |  | $ | 833 |
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, 2020:
For the Year Ended December 31, |  | Deferred Leasing Costs and In-place Lease Intangibles |  | Below-market Ground Leases |  | Above-market Leases |  | Below-market Leases |  | Above-market Ground Leases
2021 |  | $ | (33,432) |  |  | $ | (2,395) |  |  | $ | (342) |  |  | $ | 7,180 |  |  | $ | 43 |
2022 |  | (26,757) |  |  | (2,395) |  |  | (175) |  |  | 4,693 |  |  | 43 |
2023 |  | (22,243) |  |  | (2,395) |  |  | (147) |  |  | 3,799 |  |  | 43 |
2024 |  | (16,636) |  |  | (2,395) |  |  | (25) |  |  | 1,804 |  |  | 43 |
2025 |  | (11,612) |  |  | (2,395) |  |  | (5) |  |  | 842 |  |  | 43 |
Thereafter |  | (115,043) |  |  | (47,110) |  |  | (334) |  |  | 29,993 |  |  | 618 |
TOTAL |  | $ | (225,723) |  |  | $ | (59,085) |  |  | $ | (1,028) |  |  | $ | 48,311 |  |  | $ | 833 |

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