Investments in Non-controlled Entities (Tables)

12 Months Ended

Dec. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The investments in non-controlled entities consisted of the following at December 31, 2012:

Entity	Property	Nominal % Ownership
Empire State Building Company, L.L.C.	350 Fifth Ave, New York, NY	23.750	%
1333 Broadway Associates, L.L.C.	1333 Broadway, New York, NY	50.000	%
1350 Broadway Associates, L.L.C.	1350 Broadway, New York, NY	50.000	%
501 Seventh Avenue Associates, L.L.C.	501 Seventh Ave, New York, NY	20.469	%

Schedule of Equity Method Investment, Financial Information, Equity Activity

The following table reflects the activity in our investments in non-controlled entities for the years ended December 31, 2013 and 2012 (amounts in thousands):

	2013			2012
Balance at beginning of year	$	76,879		$	72,626
Equity in net income	14,875			14,348
Distributions	(3,391		)	(10,095		)
Consolidation of non-controlled entities	(88,363		)	—
Balance at end of period	$	—		$	76,879

Schedule of Equity Method Investment, Financial Information, Balance Sheets

The following reflects summarized financial information of the non-controlled entities at December 31, 2012 (amounts in thousands):

Balance Sheets	Empire State Building Co.			1333 Broadway Associates		1350 Broadway Associates		501 Seventh Avenue Associates		Total
Real estate, net	$	195,304		$	38,212	$	40,317	$	16,891	$	290,724
Other assets	145,949			37,741		22,150		17,283		223,123
Total assets	$	341,253		$	75,953	$	62,467	$	34,174	$	513,847
Mortgage and notes payable	$	—		$	71,200	$	50,427	$	—	$	121,627
Other liabilities	63,265			4,050		5,147		4,531		76,993
Total liabilities	63,265			75,250		55,574		4,531		198,620
Members’/partners’ equity	278,647			703		6,893		29,643		315,886
Non-controlling interest	(659		)	—		—		—		(659		)
Total equity	277,988			703		6,893		29,643		315,227
Total liabilities and equity	$	341,253		$	75,953	$	62,467	$	34,174	$	513,847
Our predecessor's share of equity—carrying value of our investments in non-controlled entities	$	66,179		$	847	$	3,446	$	6,407	$	76,879

Schedule of Equity Method Investment, Financial Information, Statement of Operations

	Period from January 1, 2013 to October 6, 2013
Statements of Operations	Empire State Building Co.		1333 Broadway Associates		1350 Broadway Associates		501 Seventh Avenue Associates		Total
Revenue:
Rental revenue and other	$	101,496	$	11,711	$	16,439	$	13,991	$	143,637
Observatory revenue	76,687		—		—		—		76,687
Total revenue	178,183		11,711		16,439		13,991		220,324
Expenses:
Operating expenses—rental	89,670		5,766		7,989		10,830		114,255
Operating expenses—overage rent	10,894		—		—		106		11,000
Operating expenses—observatory	17,150		—		—		—		17,150
Interest	—		3,620		2,461		—		6,081
Depreciation and amortization	10,997		2,186		3,264		1,127		17,574
Total expenses	128,711		11,572		13,714		12,063		166,060
Net income	$	49,472	$	139	$	2,725	$	1,928	$	54,264
Our predecessor's share of equity in net income of non-controlled entities	$	13,467	$	70	$	1,179	$	159	$	14,875

	Year ended December 31, 2012
Statements of Operations	Empire State Building Co.		1333 Broadway Associates		1350 Broadway Associates		501 Seventh Avenue Associates		Total
Revenue:
Rental revenue and other	$	133,666	$	14,539	$	21,275	$	18,827	$	188,307
Observatory revenue	91,870		—		—		—		91,870
Total revenue	225,536		14,539		21,275		18,827		280,177
Expenses:
Operating expenses—rental	119,482		7,528		10,667		13,101		150,778
Operating expenses—overage rent	24,199		—		—		2,497		26,696
Operating expenses—observatory	20,709		—		—		—		20,709
Interest	—		4,748		2,993		—		7,741
Depreciation and amortization	13,615		1,112		3,489		1,496		19,712
Total expenses	178,005		13,388		17,149		17,094		225,636
Net income	$	47,531	$	1,151	$	4,126	$	1,733	$	54,541
Our predecessor's share of equity in net income of non-controlled entities	$	11,015	$	576	$	2,063	$	694	$	14,348

	Year ended December 31, 2011
Statements of Operations	Empire State Building Co.		1333 Broadway Associates			1350 Broadway Associates		501 Seventh Avenue Associates		Total
Revenue:
Rental revenue and other	$	118,720	$	14,670		$	19,179	$	17,713	$	170,282
Observatory revenue	80,562		—			—		—		80,562
Total revenue	199,282		14,670			19,179		17,713		250,844
Expenses:
Operating expenses—rental	122,381		7,072			10,328		13,169		152,950
Operating expenses—overage rent	28,780		—			—		1,545		30,325
Operating expenses—observatory	20,009		—			—		—		20,009
Interest	—		4,741			2,701		—		7,442
Depreciation and amortization	15,833		3,053			3,117		1,870		23,873
Total expenses	187,003		14,866			16,146		16,584		234,599
Net income (loss)	$	12,279	$	(196	)	$	3,033	$	1,129	$	16,245
Our predecessor's share of equity in net income of non-controlled entities	$	2,158	$	391		$	935	$	409	$	3,893