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Debt (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Summary of Outstanding Debt

The following table summarizes our consolidated outstanding debt.

 

 

 

 

 

 

 

 

 

Interest Rate

 

 

 

 

 

Paramount

 

Maturity

 

Fixed/

 

as of

 

As of

 

(Amounts in thousands)

 

Ownership

 

Date

 

Variable Rate

 

September 30, 2025

 

September 30, 2025

 

 

December 31, 2024

 

Notes and mortgages payable:

 

 

 

 

 

 

 

 

 

 

1633 Broadway

 

90.0%

 

Dec-2029

 

Fixed

 

2.99%

 

$

1,250,000

 

 

$

1,250,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

One Market Plaza

 

49.0%

 

Feb-2027

 

Fixed

 

4.08%

 

 

850,000

 

 

 

850,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1301 Avenue of the Americas

 

100.0%

 

Aug-2030

 

Fixed

 

6.39%

 

 

900,000

 

 

 

860,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31 West 52nd Street (1)

 

100.0%

 

Jun-2026

 

Fixed

 

3.80%

 

 

500,000

 

 

 

500,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

300 Mission Street (1)

 

31.1%

 

Oct-2026

 

Fixed

 

4.50%

 

 

232,050

 

 

 

232,050

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total notes and mortgages payable

 

4.26%

 

 

3,732,050

 

 

 

3,692,050

 

Less: unamortized deferred financing costs

 

 

 

 

(20,546

)

 

 

(15,420

)

Total notes and mortgages payable, net

 

 

 

$

3,711,504

 

 

$

3,676,630

 

 

(1)
These loans mature within the next twelve months. Although these loan balances exceed our projected liquidity at the time of their respective maturities, we are currently exploring various refinancing options and believe that, based on each property’s operating performance, it is probable that we will be successful in refinancing each loan prior to its maturity.