XML 178 R70.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property Acquisitions - Additional Information (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Nov. 30, 2015
Mar. 31, 2016
Dec. 31, 2015
Aug. 31, 2015
Jul. 31, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Mar. 31, 2017
Jun. 30, 2016
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Issuance of aggregate liquidation preference of preferred units               $ 221,932 $ 221,932      
Impact to rental revenue for amortization of aggregate below-market leases               1,100,993 1,323,767 $ 1,245,981    
Impact to depreciation expense               403,320 821,041 $ 560,887    
600 Lexington Ave | As Previously Reported                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land                 97,000      
Building and building leasehold                 $ 180,200      
183 Broadway                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land                     $ 5,799  
Building and building leasehold                     23,431  
Above market lease value                     0  
Acquired in-place leases                     773  
Other assets, net of other liabilities                     20  
Assets acquired                     30,023  
Mark-to-market assumed debt                     0  
Below market lease value                     (1,523)  
Derivatives                     0  
Liabilities assumed                     (1,523)  
Purchase price                     $ 28,500  
Net consideration funded by us at closing, excluding consideration financed by debt   $ 28,500                    
Equity and/or debt investment held   0                    
Debt assumed   0                    
600 Lexington Avenue                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land               81,670        
Building and building leasehold               182,447        
Above market lease value               3,320        
Acquired in-place leases               22,449        
Other assets, net of other liabilities               0        
Assets acquired               289,886        
Mark-to-market assumed debt               (55)        
Below market lease value               (5,831)        
Derivatives               0        
Liabilities assumed               (5,886)        
Purchase price $ 284,000             $ 284,000        
Net consideration funded by us at closing, excluding consideration financed by debt 79,085   $ 79,085                  
Equity and/or debt investment held 54,575   54,575                  
Debt assumed 112,795   112,795                  
Ownership interest in consolidated joint venture (as a percent)               45.00%        
Value of interest               $ 277,300        
Purchase price fair value adjustment $ 40,078   $ 40,100                  
183, 187 Broadway & 5-7 Dey Street                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land       $ 20,266                
Building and building leasehold       42,468                
Above market lease value       17                
Acquired in-place leases       3,621                
Other assets, net of other liabilities       0                
Assets acquired       66,372                
Mark-to-market assumed debt       0                
Below market lease value       (3,226)                
Derivatives       0                
Liabilities assumed       (3,226)                
Purchase price       63,146                
Net consideration funded by us at closing, excluding consideration financed by debt       0                
Equity and/or debt investment held       0                
Debt assumed       0                
183, 187 Broadway & 5-7 Dey Street | As Previously Reported                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land       22,100                
Building and building leasehold       41,000                
183, 187 Broadway & 5-7 Dey Street | Series R Preferred Units                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Issuance of aggregate liquidation preference of preferred units               10,000        
183, 187 Broadway & 5-7 Dey Street | Series S Preferred Units                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Issuance of aggregate liquidation preference of preferred units               $ 26,900        
11 Madison Avenue                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land       675,776                
Building and building leasehold       1,553,602                
Above market lease value       19,764                
Acquired in-place leases       366,949                
Other assets, net of other liabilities       0                
Assets acquired       2,616,091                
Mark-to-market assumed debt       0                
Below market lease value       (187,732)                
Derivatives       0                
Liabilities assumed       (187,732)                
Purchase price       2,428,359                
Net consideration funded by us at closing, excluding consideration financed by debt       0                
Equity and/or debt investment held       0                
Debt assumed       0                
11 Madison Avenue | As Previously Reported                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land       849,900                
Building and building leasehold       $ 1,600,000                
110 Greene Street                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land         $ 45,120              
Building and building leasehold         215,470              
Above market lease value         0              
Acquired in-place leases         8,967              
Other assets, net of other liabilities         0              
Assets acquired         269,557              
Mark-to-market assumed debt         0              
Below market lease value         (14,557)              
Derivatives         0              
Liabilities assumed         (14,557)              
Purchase price         255,000              
Net consideration funded by us at closing, excluding consideration financed by debt         0              
Equity and/or debt investment held         0              
Debt assumed         $ 0              
Ownership interest in consolidated joint venture (as a percent)         90.00%              
110 Greene Street | As Previously Reported                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land         $ 89,300              
Building and building leasehold         165,800              
110 Greene Street | Series P Preferred Units                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Issuance of aggregate liquidation preference of preferred units         5,000              
110 Greene Street | Series Q Preferred Units                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Issuance of aggregate liquidation preference of preferred units         $ 6,700              
Upper East Side Residential                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land                       $ 48,152
Building and building leasehold                       0
Above market lease value                       0
Acquired in-place leases                       1,922
Other assets, net of other liabilities                       0
Assets acquired                       50,074
Mark-to-market assumed debt                       0
Below market lease value                       0
Derivatives                       0
Liabilities assumed                       0
Purchase price                       $ 50,074
Net consideration funded by us at closing, excluding consideration financed by debt           $ 0            
Equity and/or debt investment held           0            
Debt assumed           $ 0            
Ownership interest in consolidated joint venture (as a percent)                       95.10%
Upper East Side Residential | Series N Preferred Units                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Issuance of aggregate liquidation preference of preferred units                       $ 13,800
1640 Flatbush Avenue                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land   6,226                    
Building and building leasehold   501                    
Above market lease value   0                    
Acquired in-place leases   146                    
Other assets, net of other liabilities   0                    
Assets acquired   6,873                    
Mark-to-market assumed debt   0                    
Below market lease value   (73)                    
Derivatives   0                    
Liabilities assumed   (73)                    
Purchase price   6,800                    
Net consideration funded by us at closing, excluding consideration financed by debt             $ 0          
Equity and/or debt investment held             0          
Debt assumed             $ 0          
1640 Flatbush Avenue | As Previously Reported                        
Recognized Identifiable Assets Acquired and Liabilities Assumed                        
Land   6,100                    
Building and building leasehold   $ 700