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Debt (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Summary of Outstanding Debt

The following table summarizes our consolidated outstanding debt.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate

 

 

 

 

 

 

Maturity

 

Fixed/

 

as of

 

 

As of

 

 

(Amounts in thousands)

Date

 

Variable Rate

 

September 30, 2020

 

 

September 30, 2020

 

 

December 31, 2019

 

 

Notes and mortgages payable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1633 Broadway (1)

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

 

 

1.99

%

 

 

350,000

 

 

 

350,000

 

 

 

 

 

 

 

 

2.61

%

 

 

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

%

 

 

244,434

 

 

 

234,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total notes and mortgages payable

 

 

3.32

%

 

 

3,819,434

 

 

 

3,809,643

 

 

Less: unamortized deferred financing costs

 

 

 

 

 

 

(20,490

)

 

 

(25,792

)

 

Total notes and mortgages payable, net

 

 

 

 

 

$

3,798,944

 

 

$

3,783,851

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$1.0 Billion Revolving Credit

     Facility

Jan-2022

 

L + 115 bps

 

 

1.30

%

 

$

200,000

 

 

$

36,918

 

 

 

 

(1)

Our ownership interest in 1633 Broadway, One Market Plaza and 300 Mission Street is 90.0%, 49.0% and 31.1%, respectively.