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Deferred Leasing Costs and Lease Intangibles, net (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of deferred leasing cost and lease intangibles
The following summarizes the Company’s deferred leasing costs and lease intangibles as of:

March 31, 2021December 31, 2020
Deferred leasing costs and in-place lease intangibles$353,820 $352,903 
Accumulated amortization(132,230)(127,180)
Deferred leasing costs and in-place lease intangibles, net221,590 225,723 
Below-market ground leases72,916 72,916 
Accumulated amortization(14,430)(13,831)
Below-market ground leases, net58,486 59,085 
Above-market leases2,061 2,802 
Accumulated amortization(1,458)(1,774)
Above-market leases, net603 1,028 
DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET$280,679 $285,836 
Below-market leases$93,513 $98,365 
Accumulated amortization(48,145)(50,054)
Below-market leases, net45,368 48,311 
Above-market ground leases1,095 1,095 
Accumulated amortization(273)(262)
Above-market ground leases, net822 833 
LEASE INTANGIBLE LIABILITIES, NET$46,190 $49,144 
Schedule of amortization during period
The Company recognized the following amortization related to deferred leasing costs and lease intangibles:

Three Months Ended March 31,
20212020
Deferred leasing costs and in-place lease intangibles(1)
$(11,567)$(10,735)
Below-market ground leases(2)
$(599)$(599)
Above-market leases(3)
$(424)$(194)
Below-market leases(3)
$2,942 $2,738 
Above-market ground leases(2)
$11 $11 
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1.Amortization is recorded in depreciation and amortization expenses and office rental revenues on the Consolidated Statements of Operations.
2.Amortization is recorded in office operating expenses on the Consolidated Statements of Operations.
3.Amortization is recorded in office rental revenues on the Consolidated Statements of Operations.