Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following is a summary of our outstanding debt.

	Maturity	Fixed/	Interest Rate as of			As of
(Amounts in thousands)	Date	Variable Rate	March 31, 2017			March 31, 2017				December 31, 2016
Notes and mortgages payable
1633 Broadway
	Dec-2022	Fixed (1)		3.54	%	$	1,000,000			$	1,000,000
	Dec-2022	L + 175 bps		2.73	%		30,100		(2)		13,544		(2)
				3.52	%		1,030,100				1,013,544
One Market Plaza (49.0% interest)
	Feb-2024	Fixed		4.03	%		975,000				860,546
	n/a	n/a	n/a				-				12,414
				4.03	%		975,000				872,960
1301 Avenue of the Americas
	Nov-2021	Fixed		3.05	%		500,000				500,000
	Nov-2021	L + 180 bps		2.61	%		350,000				350,000
				2.87	%		850,000				850,000
31 West 52nd Street	May-2026	Fixed		3.80	%		500,000				500,000
1899 Pennsylvania Avenue	Nov-2020	Fixed		4.88	%		87,179		(3)		87,675
Liberty Place	June-2018	Fixed		4.50	%		84,000		(3)		84,000
Total notes and mortgages    payable				3.60	%		3,526,279				3,408,179
Less: deferred financing costs							(48,481	)			(43,281	)
Total notes and mortgages    payable, net						$	3,477,798			$	3,364,898
Revolving Credit Facility	Nov-2018	L + 125 bps		2.23	%	$	200,000		(3)	$	230,000

⁽¹⁾ Represents loan with variable interest rates that has been fixed by interest rate swaps. See Note 9, Derivative Instruments and Hedging Activities.

⁽²⁾ Represents amounts outstanding under an option to increase the loan balance up to $250,000, at LIBOR plus 175 basis points, if certain performance hurdles relating to the property are satisfied.

⁽³⁾ Repaid on May 4, 2017. See Note 22, Subsequent Events.