Property Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

2012 Acquisitions

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

The following summarizes our allocation of the purchase price of the assets acquired and liabilities assumed upon the closing of these 2012 acquisitions (amounts in thousands):

	635 - 641 Sixth Avenue		304 Park Avenue South		Stonehenge Properties

Land	$	69,848	$	54,189	$	65,533
Building and building leasehold		104,474		75,619		128,457
Above market lease value		—		2,824		594
Acquired in-place leases		7,727		8,265		9,573
Other assets, net of other liabilities		—		—		2,190

Assets acquired		182,049		140,897		206,347

Fair value adjustment to mortgage note payable		—		—		—
Below market lease value		9,049		5,897		13,239

Liabilities assumed		9,049		5,897		13,239

Purchase price allocation	$	173,000	$	135,000	$	193,108

Net consideration funded by us at closing	$	173,000	$	135,000	$	78,121

Equity and/or debt investment held	$	—	$	—	$	—

Debt assumed	$	—	$	—	$	—

2011 Acquisitions

Property Acquisitions

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

The following summarizes our allocation of the purchase price of the assets acquired and liabilities assumed upon the closing of these 2011 acquisitions (amounts in thousands):

	51 East 42^nd Street		180 Maiden Lane		110 East 42^nd 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

2010 Acquisitions

Property Acquisitions

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

The following summarizes our allocation of the purchase price of the assets acquired and liabilities assumed upon the closing of these 2010 acquisitions (amounts in thousands):

	100 Church Street		125 Park Avenue		Gramercy		Williamsburg

Land	$	32,494	$	120,900	$	501,021	$	6,200
Building		86,806		201,726		—		10,158
Above market lease value		118		11,282		23,178		2,304
Acquired in-place leases		17,380		28,828		217,312		—
Restricted cash		53,735		—		—		—

Assets acquired		190,533		362,736		741,511		18,662

Fair value adjustment to mortgage note payable		—		12,147		22,806		—
Below market lease value		8,025		20,589		—		277
Other liabilities, net of other assets		1,674		—		2,091		—

Liabilities assumed		9,699		32,736		24,897		277

Purchase price allocation	$	180,834	$	330,000	$	716,614	$	18,385

Net consideration funded by us at closing	$	15,000	$	183,750	$	86,864	$	18,385

Equity and /or debt investment held	$	40,938	$	—	$	111,751	$	—

Debt assumed	$	139,672	$	146,250	$	265,604	$	—