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Debt
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Debt

8.

Debt

 

 

The following table summarizes our outstanding debt.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate

 

 

 

 

 

 

Maturity

 

Fixed/

 

as of

 

 

As of

 

 

(Amounts in thousands)

Date

 

Variable Rate

 

March 31, 2020

 

 

March 31, 2020

 

 

December 31, 2019

 

 

Notes and mortgages payable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1633 Broadway

Dec-2029

 

Fixed

 

 

2.99

%

 

$

1,250,000

 

 

$

1,250,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

One Market Plaza (1)

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

 

 

3.43

%

 

 

350,000

 

 

 

350,000

 

 

 

 

 

 

 

 

3.20

%

 

 

850,000

 

 

 

850,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31 West 52nd Street

May-2026

 

Fixed

 

 

3.80

%

 

 

500,000

 

 

 

500,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

300 Mission Street (1)

Oct-2023

 

Fixed

 

 

3.65

%

 

 

237,716

 

 

 

234,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total notes and mortgages payable

 

 

3.45

%

 

 

3,812,716

 

 

 

3,809,643

 

 

Less: deferred financing costs

 

 

 

 

 

 

 

 

 

(24,032

)

 

 

(25,792

)

 

Total notes and mortgages payable, net

 

 

 

 

 

$

3,788,684

 

 

$

3,783,851

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$1.0 Billion Revolving Credit Facility

Jan-2022

 

L + 115 bps

 

 

1.96

%

 

$

200,000

 

 

$

36,918

 

 

 

 

(1)

Our ownership interest in One Market Plaza and 300 Mission Street is 49.0% and 31.1%, respectively.