XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.1
Investment in 111 West 57th Partners LLC, Additional Information Regarding Equity Investment in 111 West 57th Property (Details)
$ in Thousands
3 Months Ended
Jun. 30, 2015
USD ($)
Mar. 31, 2019
USD ($)
Mar. 31, 2014
Mar. 31, 2017
USD ($)
Additional Information Regarding Equity Investment in 111 West 57th Property [Abstract]        
Description of partnership agreement distribution   The JV Agreement and related operating agreements generally provide that all distributable cash shall be distributed as follows: (i) first, 100% to the members in proportion to their percentage interests until Investment LLC has received distributions yielding a 20% internal rate of return as calculated; (ii) second, 100% to the Sponsor as a return of (but not a return on) any additional capital contributions made by the Sponsor on account of manager overruns; and (iii) thereafter, (a) 50% to the members in proportion to their respective percentage interests at the time of such distribution, and (b) 50% to the Sponsor.    
Subordinated participation interest to CEO     10.00%  
Percentage of distribution on company's initial investment to be received prior to CEO receiving percentage distribution     150.00%  
Valuation of shortfall capital contribution as multiple of amount actually contributed   1.5    
Sponsor calculation of investment LLC aggregate investment percentage after dilution   48.00%    
Information Relating to Financing for Investment Property [Abstract]        
Annaly CRE LLC initial mortgage and acquisition loan repaid $ 230,000      
Line of Credit [Member] | R. A. Bianco [Member]        
Information Relating to Financing for Investment Property [Abstract]        
Maximum borrowing capacity       $ 10,000
Minimum [Member]        
Information Relating to Financing for Investment Property [Abstract]        
Additional borrowing required to complete project   $ 60,000    
Maximum [Member]        
Information Relating to Financing for Investment Property [Abstract]        
Additional borrowing required to complete project   $ 100,000    
Capital LLC [Member]        
Additional Information Regarding Equity Investment in 111 West 57th Property [Abstract]        
Percentage of outstanding shares to be owned by CEO   20.00%    
Investment LLC [Member] | Capital LLC [Member]        
Additional Information Regarding Equity Investment in 111 West 57th Property [Abstract]        
Terms of distributions to Capital LLC   available cash of Investment LLC will be distributed first to Capital LLC until it has received a 20% internal rate of return (calculated as provided for in the JV Agreement as noted above), second to the Company until it has received 150% of its capital, and, thereafter, available cash is split 10/90, with 10% going to Mr. R. A. Bianco as the subordinated participation interest noted above and 90% going to Capital LLC and the Company pari-passu, with Capital LLC receiving one-half of its pro-rata share based on capital contributed and the Company receiving the balance.    
AIG [Member]        
Additional Information Regarding Equity Investment in 111 West 57th Property [Abstract]        
Term of loan   4 years    
Extension option of loan   1 year    
Information Relating to Financing for Investment Property [Abstract]        
Financing obtained by 111 W 57th Partners 400,000      
Apollo [Member]        
Information Relating to Financing for Investment Property [Abstract]        
Financing obtained by 111 W 57th Partners $ 325,000