Investments in Non-controlled Entities (Tables)

6 Months Ended

Jun. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The investments in non-controlled entities consisted of the following at June 30, 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 six months ended June 30, 2013 (amounts in thousands):

	2013
Balance at beginning of year	$	76,879
Equity in net income	7,898
Distributions	(2,262		)
Balance at end of period	$	82,515

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

The following reflects summarized financial information of the non-controlled entities for the six months ended June 30, 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	$	62,866	$	7,062		$	10,622	$	8,865		$	89,415
Observatory revenue	44,052		—			—		—			44,052
Total revenue	106,918		7,062			10,622		8,865			133,467
Expenses:
Operating expenses—rental	57,602		3,315			5,051		6,578			72,546
Operating expenses—overage rent	14,424		—			—		450			14,874
Operating expenses—observatory	10,669		—			—		—			10,669
Interest	—		2,369			1,567		—			3,936
Depreciation and amortization	7,287		1,459			2,157		761			11,664
Total expenses	89,982		7,143			8,775		7,789			113,689
Net income (loss)	$	16,936	$	(81	)	$	1,847	$	1,076		$	19,778
Our predecessor's share of equity in net income (loss) of non-controlled entities	$	7,267	$	(41	)	$	803	$	(131	)	$	7,898