Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following table summarizes our outstanding debt.

	Maturity	Fixed/	Interest Rate as of			As of December 31,
(Amounts in thousands)	Date	Variable Rate	December 31, 2019			2019			2018
Notes and mortgages payable:
1633 Broadway
	Dec-2029	Fixed		2.99	%	$	1,250,000		$	1,000,000		(1)
	n/a	n/a	n/a				-			46,800		(2)
				2.99	%		1,250,000			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		3.55	%		350,000			350,000
				3.26	%		850,000			850,000
31 West 52nd Street	May-2026	Fixed		3.80	%		500,000			500,000
300 Mission Street (3)	Oct-2023	Fixed		3.65	%		234,643			228,000
Total notes and mortgages payable				3.46	%		3,809,643			3,599,800
Less: deferred financing costs							(25,792	)		(32,883	)
Total notes and mortgages payable, net						$	3,783,851		$	3,566,917
$1.0 Billion Revolving Credit Facility	Jan-2022	L + 115 bps		2.94	%	$	36,918		$	-

^{(1) Represents loans with variable interest rates that had 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.}

^{(3) Our ownership interest in One Market Plaza and 300 Mission Street (formerly 50 Beale Street) is 49.0% and 31.1%, respectively.}

Summary of Principal Repayments Required For Notes and Mortgages Payable and Revolving Credit Facility

The following table summarizes our principal repayments required for the next five years and thereafter in connection with our notes and mortgages payable and revolving credit facility as of December 31, 2019.

			Notes and		Revolving
(Amounts in thousands)	Total		Mortgages Payable		Credit Facility
2020	$	-	$	-	$	-
2021		850,000		850,000		-
2022		36,918		-		36,918
2023		234,643		234,643		-
2024		975,000		975,000		-
Thereafter		1,750,000		1,750,000		-