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Debt
9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Debt

6.

Debt

 

The following is a summary of our outstanding debt.

 

 

 

 

 

 

 

Interest Rate at

 

 

Balance at

 

(Amounts in thousands)

 

Maturity

Date

 

Fixed/Variable Rate

 

September 30, 2015

 

 

September 30, 2015

 

 

December 31, 2014

 

Mortgages and notes payable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1633 Broadway

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec-2016

 

Fixed (1)

 

 

6.10

%

 

$

772,100

 

 

$

772,100

 

 

 

Dec-2016

 

Variable

 

 

1.62

%

 

 

154,160

 

 

 

154,160

 

 

 

 

 

 

 

 

5.35

%

 

 

926,260

 

 

 

926,260

 

900 Third Avenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov-2017

 

Fixed (1)

 

 

5.35

%

 

 

255,000

 

 

 

255,000

 

 

 

Nov-2017

 

Variable

 

 

1.78

%

 

 

19,337

 

 

 

19,337

 

 

 

 

 

 

 

 

5.10

%

 

 

274,337

 

 

 

274,337

 

31 West 52nd Street (64.2% interest)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec-2017

 

Fixed (1)

 

 

5.74

%

 

 

337,500

 

 

 

337,500

 

 

 

Dec-2017

 

Variable

 

 

1.70

%

 

 

75,990

 

 

 

75,990

 

 

 

 

 

 

 

 

5.00

%

 

 

413,490

 

 

 

413,490

 

One Market Plaza (49.0% interest)

 

Dec-2019

 

Fixed (1)

 

 

6.14

%

 

 

856,183

 

 

 

853,711

 

Waterview

 

June-2017

 

Fixed

 

 

5.76

%

 

 

210,000

 

 

 

210,000

 

1899 Pennsylvania Avenue

 

Nov-2020

 

Fixed

 

 

4.88

%

 

 

89,465

 

 

 

90,489

 

Liberty Place

 

June-2018

 

Fixed

 

 

4.50

%

 

 

84,000

 

 

 

84,000

 

Total mortgages and notes payable

 

 

 

 

 

 

5.50

%

 

$

2,853,735

 

 

$

2,852,287

 

 

(1)  Represents loans with variable interest rates that have been fixed by interest rate swaps (See Note 7, Derivative Instruments and Hedging Activities).

 

 

Revolving Credit Facility

As of September 30, 2015, there were no amounts outstanding under our senior unsecured revolving credit facility and $200,000,000 was reserved under a letter of credit.