Property Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the properties acquired during the nine months ended September 30, 2019:



Property	Acquisition Date	Property Type	Approximate Square Feet	Gross Asset Valuation (in millions)
106 Spring Street⁽¹⁾	April 2019	Fee Interest	5,928	$	80.2
460 West 34th Street⁽²⁾	May 2019	Fee Interest	638,000	440.0
110 Greene Street⁽³⁾	May 2019	Fee Interest	223,600	256.5


(1)	In April 2019, the Company accepted an assignment of the equity interests in the property in lieu of repayment of the Company's debt investment and marked the assets received and liabilities assumed to fair value.

(2)

In May 2019, the Company closed on the acquisition of a majority and controlling 70.87% interest in 460 West 34th Street. We recorded the assets acquired and liabilities assumed at fair value, which resulted in the recognition of a fair value adjustment of $67.6 million, which is reflected in the Company's consolidated statement of operations within purchase price and other fair value adjustments, and $18.3 million of net intangible lease liabilities.

(3)

In May 2019, the Company acquired from our joint venture partner the remaining 10% interest in this property that the Company did not already own.