Debt (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following table summarizes our outstanding debt.

			Interest Rate
	Maturity	Fixed/	as of			As of
(Amounts in thousands)	Date	Variable Rate	September 30, 2019			September 30, 2019				December 31, 2018
Notes and mortgages payable:
1633 Broadway
	Dec-2022	Fixed (1)		3.54	%	$	1,000,000			$	1,000,000
	Dec-2022	L + 175 bps		3.85	%		50,000		(2)		46,800		(2)
				3.55	%		1,050,000				1,046,800
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		3.93	%		350,000				350,000
				3.41	%		850,000				850,000
31 West 52nd Street	May-2026	Fixed		3.80	%		500,000				500,000
300 Mission Street (3)	Oct-2021	Fixed		3.65	%		228,000				228,000
Total notes and mortgages payable				3.69	%		3,603,000				3,599,800
Less: deferred financing costs							(26,266	)			(32,883	)
Total notes and mortgages payable, net						$	3,576,734			$	3,566,917
$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 10, 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 300 Mission Street (formerly 50 Beale Street) is 49.0% and 31.1%, respectively.}