Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

COLUMN A	COLUMN B		COLUMN C				COLUMN D						COLUMN E						COLUMN F			COLUMN G	COLUMN H	COLUMN I
(Amounts in thousands)																								Life on
																								which
							Costs capitalized																	depreciation
							subsequent						Gross amount at which						Accumulated					in latest
			Initial cost to company				to acquisition						carried at close of period						depreciation					income
					Building and					Building and					Buildings and				and			Date of	Date	statement
Description	Encumbrances		Land		Improvements		Land			Improvements			Land		Improvements		Total ⁽¹⁾		amortization			construction	acquired	is computed
1633 Broadway	$	1,250,000	$	502,846	$	1,398,341	$	-		$	141,496		$	502,846	$	1,539,837	$	2,042,683	$	(214,523	)	1971	11/2014	5 to 40 Years
1301 Avenue of the Americas		850,000		406,039		1,051,697		-			94,330			406,039		1,146,027		1,552,066		(164,113	)	1963	11/2014	5 to 40 Years
31 West 52nd Street		500,000		221,318		604,994		-			60,269			221,318		665,263		886,581		(87,516	)	1987	11/2014	5 to 40 Years
1325 Avenue of the Americas		-		174,688		370,553		-			50,424			174,688		420,977		595,665		(55,384	)	1989	11/2014	5 to 40 Years
900 Third Avenue		-		103,741		296,031		-			19,983			103,741		316,014		419,755		(46,675	)	1983	11/2014	5 to 40 Years
Total New York		2,600,000		1,408,632		3,721,616		-			366,502			1,408,632		4,088,118		5,496,750		(568,211	)

One Market Plaza		975,000		288,743		988,014		-			79,718			288,743		1,067,732		1,356,475		(154,942	)	1976	11/2014	5 to 40 Years
One Front Street		-		127,765		376,919		-			15,022			127,765		391,941		519,706		(36,430	)	1979	12/2016	5 to 40 Years
300 Mission Street		234,643		141,097		343,819		-			25,390			141,097		369,209		510,306		(28,523	)	1968	07/2017	5 to 40 Years
Total San Francisco		1,209,643		557,605		1,708,752		-			120,130			557,605		1,828,882		2,386,487		(219,895	)

1899 Pennsylvania Avenue		-		52,568		94,874		(16,380	)		(36,811	)		36,188		58,063		94,251		-		1915	11/2014	5 to 40 Years
Total Washington, D.C.		-		52,568		94,874		(16,380	)		(36,811	)		36,188		58,063		94,251		-

Other		-		-		-		-			6,648			-		6,648		6,648		(2,110	)		11/2014	5 to 40 Years

Total	$	3,809,643	$	2,018,805	$	5,525,242	$	(16,380	)	$	456,469		$	2,002,425	$	5,981,711	$	7,984,136	$	(790,216	)

⁽¹⁾

^{The basis of the Company’s assets for tax purposes is approximately $2.5 billion lower than the amount reported for financial statement purposes.}

	For the Year Ended December 31,
(Amounts in thousands)	2019			2018			2017
Real Estate:
Beginning balance	$	8,101,651		$	8,329,475		$	7,849,093
Acquisitions		-			-			484,916
Additions during the year:
Land		-			-			-
Buildings and improvements		105,947			146,378			82,862
Real estate impairment loss		(42,000	)		(46,000	)		-
Assets sold and written-off		(181,462	)		(328,202	)		(87,396	)
Ending balance	$	7,984,136		$	8,101,651		$	8,329,475

Accumulated Depreciation:
Beginning balance	$	644,639		$	487,945		$	318,161
Additions charged to expense		186,457			188,871			182,732
Accumulated depreciation related to assets sold and written-off		(40,880	)		(32,177	)		(12,948	)
Ending balance	$	790,216		$	644,639		$	487,945