Real Estate Fund Investments (Tables)

3 Months Ended

Mar. 31, 2019

Real Estate Fund Investments [Abstract]

Schedule Of Income And Loss From The Fund

Below is a summary of loss from the Fund and the Crowne Plaza Joint Venture for the three months ended March 31, 2019 and 2018.

(Amounts in thousands)	For the Three Months Ended March 31,
	2019			2018
Net investment (loss) income	$	(267	)	$	2,734
Net unrealized gain on held investments	100			—
New York City real property transfer tax (the "Transfer Tax")	—			(10,630		)	(1)
Net realized loss on exited investments	—			(911		)
Loss from real estate fund investments	(167		)	(8,807		)
Less (income) loss attributable to noncontrolling interests in consolidated subsidiaries	(2,737		)	5,369
Loss from real estate fund investments attributable to the Operating Partnership	(2,904		)	(3,438		)
Less loss attributable to noncontrolling interests in the Operating Partnership	182			212
Loss from real estate fund investments attributable to Vornado	$	(2,722	)	$	(3,226	)

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(1)

Due to the disputed additional Transfer Tax related to the March 2011 acquisition of One Park Avenue which was recorded as a result of the New York City Tax Appeals Tribunal (the "Tax Tribunal") decision in the first quarter of 2018. We appealed the Tax Tribunal's decision to the New York State Supreme Court, Appellate Division, First Department ("Appellate Division"). Our appeal was heard on April 2, 2019, and on April 25, 2019 the Appellate Division entered a unanimous decision and order that confirmed the decision of the Tax Tribunal and dismissed our appeal. We are currently evaluating our options regarding this matter.