Consolidated and Combined Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Real estate, at cost:
Land	$ 389,080	$ 378,096
Buildings and improvements	1,630,539	1,632,228
Construction in progress	61,147	8,545
Furniture, fixtures and equipment	3,876	3,935
Total	2,084,642	2,022,804
Accumulated depreciation and amortization	(509,112)	(467,503)
Real estate, net	1,575,530	1,555,301
Cash and cash equivalents	168,983	2,600
Cash held in escrow and restricted cash	9,042	9,967
Tenant and other receivables, net of allowance for doubtful accounts of $1,926 and $2,432, respectively	10,364	11,424
Receivable arising from the straight-lining of rents, net of allowance for doubtful accounts of $148 and $0, respectively	88,778	89,199
Identified intangible assets, net of accumulated amortization of $22,090 and $20,672, respectively	33,953	34,775
Deferred leasing costs, net of accumulated amortization of $12,987 and $12,121, respectively	18,455	17,653
Deferred financing costs, net of accumulated amortization of $709 and $0, respectively	2,838	0
Prepaid expenses and other assets	10,988	10,257
Total assets	1,918,931	1,731,176
Liabilities:
Mortgages payable, net of unamortized debt issuance costs of $8,282 and $10,353, respectively	1,233,983	1,278,182
Identified intangible liabilities, net of accumulated amortization of $65,220 and $62,395, respectively	154,855	160,667
Accounts payable and accrued expenses	45,331	26,924
Other liabilities	13,308	6,540
Total liabilities	$ 1,447,477	$ 1,472,313
Commitments and contingencies
Shareholders’ equity:
Common shares: $0.01 par value; 500,000,000 shares authorized and 99,290,952 shares issued and outstanding	$ 993	$ 0
Additional paid-in capital	475,369	0
Accumulated earnings (deficit)	(38,442)	0
Noncontrolling interests:
Redeemable noncontrolling interests	33,177	0
Noncontrolling interest in consolidated subsidiaries	357	341
Vornado equity	0	258,522
Total equity	471,454	258,863
Total liabilities and equity	$ 1,918,931	$ 1,731,176