Property Acquisitions (Tables)

9 Months Ended

Sep. 30, 2012

Stonehenge Properties

Property Acquisitions

Schedule of allocation of the purchase price of the assets acquired and liabilities assumed

	304 Park Avenue South		Stonehenge Properties
Land	$	54,189	$	65,533
Building and building leasehold	75,619		128,457
Above market lease value	2,824		594
Acquired in-place leases	8,265		9,573
Other assets, net of other liabilities	—		2,190
Assets acquired	140,897		206,347
Fair value adjustment to mortgage note payable	—		—
Below market lease value	5,897		13,239
Liabilities assumed	5,897		13,239
Purchase price allocation	$	135,000	$	193,108
Net consideration funded by us at closing	$	135,000	$	78,121
Equity and/or debt investment held	$	—	$	—
Debt assumed	$	—	$	—

2011 Acquisitions

Property Acquisitions

Schedule of allocation of the purchase price of the assets acquired and liabilities assumed

	51 East 42nd Street		180 Maiden Lane		110 East 42nd Street		1515 Broadway			521 Fifth Avenue
Land	$	44,095	$	191,523	$	34,000	$	462,700		$	110,100
Building	33,470		233,230		46,411		707,938			146,686
Above market lease value	5,616		7,944		823		18,298			3,318
Acquired in-place leases	4,333		29,948		5,396		98,661			23,016
Other assets, net of other liabilities	—		—		—		27,127			—
Assets acquired	87,514		462,645		86,630		1,314,724			283,120
Fair value adjustment to mortgage note payable	—		—		—		(3,693		)	—
Below market lease value	7,514		20,320		2,326		84,417			25,977
Liabilities assumed	7,514		20,320		2,326		80,724			25,977
Purchase price allocation	$	80,000	$	442,325	$	84,304	$	1,234,000		$	257,143
Net consideration funded by us at closing	$	81,632	$	81,835	$	2,744	$	259,228		$	70,000
Equity and /or debt investment held	—		—		$	16,000	$	40,942		$	41,432
Debt assumed	$	—	$	—	$	65,000	$	458,767		$	140,000