Noncontrolling Interests	12 Months Ended
Dec. 31, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests	12. Noncontrolling Interests Consolidated Joint Ventures Noncontrolling interests in consolidated joint ventures consist of equity interests held by third parties in 1633 Broadway, One Market Plaza and 300 Mission Street. As of December 31, 2022 and 2021, noncontrolling interests in our consolidated joint ventures aggregated $402,118,000 and $428,833,000, respectively. Consolidated Real Estate Related Funds Noncontrolling interests in our consolidated real estate related funds as of December 31, 2022 was $173,375,000 and consists of equity interests held by third parties in our Residential Development Fund and Fund X, which we began consolidating into our consolidated financial statements effective December 12, 2022 (See Note 4, Real Estate Related Fund Investments). As of December 31, 2021, noncontrolling interest in our consolidated real estate related fund was $81,925,000 and represented equity interests held by third parties in our Residential Development Fund. Operating Partnership Noncontrolling interests in the Operating Partnership represent common units of the Operating Partnership that are held by third parties, including management, and units issued to management under equity incentive plans. Common units of the Operating Partnership may be tendered for redemption to the Operating Partnership for cash. We, at our option, may assume that obligation and pay the holder either cash or common shares on a one-for-one basis. Since the number of common shares outstanding is equal to the number of common units owned by us, the redemption value of each common unit is equal to the market value of each common share and distributions paid to each common unitholder is equivalent to dividends paid to common stockholders. As of December 31, 2022 and 2021, noncontrolling interests in the Operating Partnership on our consolidated balance sheets had a carrying amount of $242,982,000 and $356,111,000, respectively, and a redemption value of $86,644,000 and $181,315,000, respectively, based on the closing share price of our common stock on the New York Stock Exchange at the end of each year.

Noncontrolling Interests

12 Months Ended

Dec. 31, 2022

12. Noncontrolling Interests

Consolidated Joint Ventures

Noncontrolling interests in consolidated joint ventures consist of equity interests held by third parties in 1633 Broadway, One Market Plaza and 300 Mission Street. As of December 31, 2022 and 2021, noncontrolling interests in our consolidated joint ventures aggregated $402,118,000 and $428,833,000, respectively.

Consolidated Real Estate Related Funds

Noncontrolling interests in our consolidated real estate related funds as of December 31, 2022 was $173,375,000 and consists of equity interests held by third parties in our Residential Development Fund and Fund X, which we began consolidating into our consolidated financial statements effective December 12, 2022 (See Note 4, Real Estate Related Fund Investments). As of December 31, 2021, noncontrolling interest in our consolidated real estate related fund was $81,925,000 and represented equity interests held by third parties in our Residential Development Fund.

Operating Partnership

Noncontrolling interests in the Operating Partnership represent common units of the Operating Partnership that are held by third parties, including management, and units issued to management under equity incentive plans. Common units of the Operating Partnership may be tendered for redemption to the Operating Partnership for cash. We, at our option, may assume that obligation and pay the holder either cash or common shares on a one-for-one basis. Since the number of common shares outstanding is equal to the number of common units owned by us, the redemption value of each common unit is equal to the market value of each common share and distributions paid to each common unitholder is equivalent to dividends paid to common stockholders. As of December 31, 2022 and 2021, noncontrolling interests in the Operating Partnership on our consolidated balance sheets had a carrying amount of $242,982,000 and $356,111,000, respectively, and a redemption value of $86,644,000 and $181,315,000, respectively, based on the closing share price of our common stock on the New York Stock Exchange at the end of each year.