Properties Held for Sale and Property Dispositions

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Properties Held for Sale and Property Dispositions

Properties Held for Sale and Property Dispositions

Properties Held for Sale

As of March 31, 2020, no properties were classified as held for sale.

Property Dispositions

The following table summarizes the properties sold during the three months ended March 31, 2020:

Property	Disposition Date	Property Type	Approximate Square Feet	Sales Price(1) (in millions)		Gain (loss)(2) (in millions)
315 West 33rd Street - The Olivia	March 2020	Fee Interest	492,987	$	446.5	$	72.3

(1) Sales price represents the gross sales price for a property or the gross asset valuation for interests in a property.

(2)

The gain on sale for 315 West 33rd Street is net of $6.0 million of employee compensation accrued in connection with the realization of this investment gain. Additionally, amounts do not include adjustments for expenses recorded in subsequent periods.