XML 55 R40.htm IDEA: XBRL DOCUMENT v3.24.2
Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of Identified Intangible Assets and Intangible Liabilities
The following summarizes our identified intangible assets (acquired above-market leases and in-place leases) and intangible liabilities (acquired below-market leases) as of June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024December 31, 2023
Identified intangible assets (included in other assets):
Gross amount$273,010 $189,680 
Accumulated amortization(189,425)(184,902)
Net$83,585 $4,778 
Identified intangible liabilities (included in deferred revenue):
Gross amount$226,034 $205,394 
Accumulated amortization(202,819)(202,089)
Net$23,215 $3,305 
Schedule of Marketable Securities
As of June 30, 2024 and December 31, 2023, we held the following marketable securities (in thousands):
June 30, 2024December 31, 2023
Commercial mortgage-backed securities$16,593 $9,591 
Total investment in marketable securities$16,593 $9,591 
Schedule of Properties Contributed of Annualized Cash Rent
For the three months ended June 30, 2024, the following properties contributed more than 5.0% of our annualized cash rent from office properties, including our share of annualized cash rent from joint venture office properties:
PropertyThree months ended June 30, 2024
One Vanderbilt Avenue17.2%
11 Madison Avenue8.7%
420 Lexington Ave7.0%
1515 Broadway6.7%
245 Park Avenue5.9%
1185 Avenue of the Americas5.9%