Investments in Non-controlled Entities (Tables)

3 Months Ended

Mar. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The investments in non-controlled entities consisted of the following at March 31, 2013:

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 three months ended March 31, 2013 (amounts in thousands):

	2013
Balance at beginning of year	$	76,879
Equity in net income	1,819
Distributions	(1,131		)
Balance at end of period	$	77,567

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

The following reflects summarized financial information of the non-controlled entities for the three months ended March 31, 2013 (amounts in thousands):

Statements of Operations	Empire State Building Co.		1333 Broadway Associates			1350 Broadway Associates		501 Seventh Avenue Associates			Total
Revenue:
Rental revenue and other	$	29,794	$	3,523		$	5,323	$	4,178		$	42,818
Observatory revenue	16,730		—			—		—			16,730
Total revenue	46,524		3,523			5,323		4,178			59,548
Expenses:
Operating expenses—rental	29,307		1,762			2,924		3,390			37,383
Operating expenses—overage rent	5,298		—			—		195			5,493
Operating expenses—observatory	4,560		—			—		—			4,560
Interest	—		1,186			786		—			1,972
Depreciation and amortization	3,611		637			1,046		405			5,699
Total expenses	42,776		3,585			4,756		3,990			55,107
Net income (loss)	$	3,748	$	(62	)	$	567	$	188		$	4,441
Our predecessor's share of equity in net income (loss) of non-controlled entities	$	1,967	$	(66	)	$	283	$	(365	)	$	1,819