| Schedule of Finite-lived Intangible Assets and Liabilities |
The following summarizes the Company’s deferred leasing costs and intangibles as of: | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Deferred leasing costs and in-place lease intangibles | $ | 247,727 | | | $ | 235,693 | | | Accumulated amortization | (119,611) | | | (113,541) | | | Deferred leasing costs and in-place lease intangibles, net | 128,116 | | | 122,152 | | | Lease incentives | 209,636 | | | 126,607 | | | Accumulated amortization | (13,606) | | | (7,384) | | | Lease incentives, net | 196,030 | | | 119,223 | | | Below-market ground leases | 74,930 | | | 74,930 | | | Accumulated amortization | (25,470) | | | (24,188) | | | Below-market ground leases, net | 49,460 | | | 50,742 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Parking easement | 15,273 | | | 15,273 | | | DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET | $ | 388,879 | | | $ | 307,390 | | | | | | | Below-market leases | $ | 38,798 | | | $ | 39,268 | | | Accumulated amortization | (23,022) | | | (21,496) | | | | | | | | | | | | | | | | | | | INTANGIBLE LIABILITIES, NET | $ | 15,776 | | | $ | 17,772 | |
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| Schedule of Amortization Related to Deferred Leasing Costs and Intangibles |
The Company recognized the following amortization related to deferred leasing costs and intangibles: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Deferred leasing costs and in-place lease intangibles(1) | $ | (7,753) | | | $ | (7,657) | | | $ | (15,563) | | | $ | (17,353) | | Lease incentives(2) | $ | (3,519) | | | $ | (1,238) | | | $ | (6,220) | | | $ | (1,862) | | Below-market ground leases(3) | $ | (640) | | | $ | (651) | | | $ | (1,281) | | | $ | (1,302) | | Below-market leases(2) | $ | 991 | | | $ | 1,017 | | | $ | 1,995 | | | $ | 2,048 | | Above-market leases(2) | $ | — | | | $ | (1) | | | $ | — | | | $ | (166) | | Customer relationships(1) | $ | — | | | $ | (3,505) | | | $ | — | | | $ | (7,009) | | Non-competition agreements(1) | $ | — | | | $ | 1,136 | | | $ | — | | | $ | (2,080) | | | | | | | | | |
__________________ 1.Amortization is recorded in depreciation and amortization expense on the Consolidated Statements of Operations. 2.Amortization is recorded in office rental revenues on the Consolidated Statements of Operations. 3.Amortization is recorded in office and studio operating expenses on the Consolidated Statements of Operations.
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