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Deferred Leasing Costs and Lease Intangibles, net
 6 Months Ended
Jun. 30, 2021
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:
June 30, 2021December 31, 2020
Deferred leasing costs and in-place lease intangibles$351,637 $352,903 
Accumulated amortization(138,852)(127,180)
Deferred leasing costs and in-place lease intangibles, net212,785 225,723 
Below-market ground leases72,916 72,916 
Accumulated amortization(15,028)(13,831)
Below-market ground leases, net57,888 59,085 
Above-market leases1,984 2,802 
Accumulated amortization(1,456)(1,774)
Above-market leases, net528 1,028 
DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET$271,201 $285,836 
Below-market leases$92,181 $98,365 
Accumulated amortization(49,628)(50,054)
Below-market leases, net42,553 48,311 
Above-market ground leases1,095 1,095 
Accumulated amortization(284)(262)
Above-market ground leases, net811 833 
LEASE INTANGIBLE LIABILITIES, NET$43,364 $49,144 

The Company recognized the following amortization related to deferred leasing costs and lease intangibles:
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Deferred leasing costs and in-place lease intangibles(1)
$(11,654)$(10,129)$(23,221)$(20,864)
Below-market ground leases(2)
$(598)$(599)$(1,197)$(1,198)
Above-market leases(3)
$(76)$(159)$(500)$(353)
Below-market leases(3)
$2,815 $2,622 $5,758 $5,360 
Above-market ground leases(2)
$11 $11 $22 $22 
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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.