Debt (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following is a summary of our outstanding debt.

			Interest Rate
	Maturity	Fixed/	as of			As of
(Amounts in thousands)	Date	Variable Rate	June 30, 2018			June 30, 2018				December 31, 2017
Notes and mortgages payable:
1633 Broadway
	Dec-2022	Fixed (1)		3.54	%	$	1,000,000			$	1,000,000
	Dec-2022	L + 175 bps		3.73	%		46,800		(2)		30,100		(2)
				3.55	%		1,046,800				1,030,100
One Market Plaza (3)	Feb-2024	Fixed		4.03	%		975,000				975,000
1301 Avenue of the Americas
	Nov-2021	Fixed		3.05	%		500,000				500,000
	Nov-2021	L + 180 bps		3.80	%		350,000				350,000
				3.36	%		850,000				850,000
31 West 52nd Street	May-2026	Fixed		3.80	%		500,000				500,000
50 Beale (3)	Oct-2021	Fixed		3.65	%		228,000				228,000
Total notes and mortgages payable				3.68	%		3,599,800				3,583,100
Less: deferred financing costs							(37,341	)			(41,800	)
Total notes and mortgages payable, net						$	3,562,459			$	3,541,300
$1.0 Billion Revolving Credit    Facility	Jan-2022	L + 115 bps	n/a			$	-			$	-

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

⁽²⁾ Represents amounts borrowed to fund leasing costs at the property. The loan balance can be increased by an additional $200,000 upon the satisfaction of certain performance hurdles related to the property.

⁽³⁾ Our ownership interest in One Market Plaza and 50 Beale is 49.0% and 31.1%, respectively.