Redeemable Partnership Units (Tables)

12 Months Ended

Dec. 31, 2012

Redeemable Partnership Units Tables [Abstract]

Operating Partnership Units Held By Third Parties


(Amounts in thousands, except units and										Preferred or
per unit amounts)		Balance as of				Units Outstanding at		Per Unit		Annual
		December 31,				December 31,		Liquidation		Distribution
Unit Series		2012			2011	2012	2011	Preference		Rate

Class A units held by third parties		$	898,152	$	934,677	11,215,682	12,160,771		N/A	$	2.76

Redeemable Preferred: ⁽¹⁾
	6.875% D-15 Cumulative Redeemable	$	45,000	$	45,000	1,800,000	1,800,000	$	25.00	$	1.71875
	5.00% D-16 Cumulative Redeemable		1,000		1,000	1	1	$	1,000,000.00	$	50,000.00
	7.00% D-10 Cumulative Redeemable⁽²⁾		-		80,000	-	3,200,000	$	25.00	$	1.75
	6.75% D-14 Cumulative Redeemable⁽²⁾		-		100,000	-	4,000,000	$	25.00	$	1.6875
		$	46,000	$	226,000	1,800,001	9,000,001


(1)	Holders may tender units for redemption to us for cash at their stated redemption amount; Vornado, at its option, may assume that obligation and pay the holders either cash or Vornado preferred shares on a one-for-one basis. These units are redeemable at any time.
(2)	On July 19, 2012, we redeemed all of the outstanding 7.0% Series D-10 and 6.75% Series D-14 Cumulative Redeemable Preferred Units with an aggregate face amount of $180,000 for $168,300 in cash, plus accrued and unpaid distributions through the date of redemption.

Summary Of Activity Of Redeemable Partnership Units

(Amounts in thousands)
Balance at December 31, 2010	$	1,327,974
Net income		55,912
Distributions		(50,865)
Redemption of Class A units, at redemption value		(64,830)
Adjustment to carry redeemable Class A units at redemption value		(98,092)
Redemption of Series D-11 redeemable units		(28,000)
Other, net		18,578
Balance at December 31, 2011		1,160,677
Net income		45,263
Distributions		(54,315)
Redemption of Class A units, at redemption value		(89,762)
Adjustment to carry redeemable Class A units at redemption value		52,117
Redemption of Series D-10 and Series D-14 redeemable units		(168,300)
Other, net		(1,528)
Balance at December 31, 2012	$	944,152

- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 41

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 42

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 44

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 25

-Appendix A

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 40

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details