Mortgage Notes Payable (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Mortgage Notes Payable

The Company's mortgage notes payable as of December 31, 2015 and 2014 consist of the following:

		Outstanding Loan Amount
Portfolio	Encumbered Properties	December 31, 2015		December 31, 2014		Effective Interest Rate			Interest Rate		Maturity
		(In thousands)		(In thousands)
Design Center	1	$	19,798	$	20,198	4.4	%		Fixed		Dec. 2021
Foot Locker	1	3,250		3,250		4.6	%		Fixed		Jun. 2016
Duane Reade(2)	1	8,400		8,400		3.6	%		Fixed		Nov. 2016
1100 Kings Highway	1	20,200		20,200		3.4	%		Fixed	(1)	Aug. 2017
1623 Kings Highway(2)	1	7,288		7,288		3.3	%		Fixed	(1)	Nov. 2017
256 West 38th Street	1	24,500		24,500		3.1	%		Fixed	(1)	Dec. 2017
1440 Broadway(2)	1	305,000		—		3.9	%		Variable	(3)	Oct. 2019
Bleecker Street		—		21,300
Regal Parking Garage		—		3,000
Washington Street Portfolio		—		4,741
One Jackson Square		—		13,000
350 West 42nd Street		—		11,365
229 West 36th Street		—		35,000
	7	$	388,436	$	172,242	3.8	%	(4)

______________________ 

(1) Fixed through an interest rate swap agreement.

(2) Total commitments of $325.0 million; additional $20.0 million available, subject to lender approval, to fund certain tenant allowances, capital expenditures and leasing costs.

(3) LIBOR portion is capped through an interest rate cap agreement.

(4) Calculated on a weighted average basis for all mortgages outstanding as of December 31, 2015.

(5) Subsequent to December 31, 2015, as a result of the closing of the sales of the properties, the Company repaid its mortgages securing Duane Reade and 1623 Kings Highway. See Note 21 — Subsequent Events.

Schedule Of Aggregate Principal Payments On Mortgages

The following table summarizes the scheduled aggregate principal repayments subsequent to December 31, 2015:

(In thousands)	Future Minimum Principal Payments
2016	$	12,068
2017	55,533
2018	3,703
2019	308,869
2020	4,041
Thereafter	4,222
Total	$	388,436