Redeemable Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2011

Redeemable Noncontrolling Interests Tables [Abstract]

Operating Partnership Units Held By Third Parties


(Amounts in thousands, except units and										Preferred or
per unit amounts)		Balance as of				Units Outstanding at		Per Unit		Annual
		December 31,				December 31,		Liquidation		Distribution
Unit Series		2011			2010	2011	2010	Preference		Rate
Common:
	Class A	$	934,677	$	1,066,974	12,160,771	12,804,202		N/A	$	2.76

Perpetual Preferred: ⁽¹⁾
	7.00% D-10 Cumulative Redeemable	$	80,000	$	80,000	3,200,000	3,200,000	$	25.00	$	1.75
	6.75% D-14 Cumulative Redeemable		100,000		100,000	4,000,000	4,000,000	$	25.00	$	1.6875
	6.875% D-15 Cumulative Redeemable		45,000		45,000	1,800,000	1,800,000	$	25.00	$	1.71875
	5.00% D-16 Cumulative Redeemable		1,000		1,000	1	1	$	1,000,000.00	$	50,000.00
	7.20% D-11 Cumulative Redeemable⁽²⁾		-		35,000	-	1,400,000	$	25.00	$	1.80
		$	226,000	$	261,000	9,000,001	10,400,001
__________________________________
(1)	Holders may tender units for redemption to the Operating Partnership for cash at their stated redemption amount; we, at our option, may assume that obligation and pay the holders either cash or Vornado preferred shares on a one-for-one basis. These units are redeemable at our option at any time.
(2)	In 2011, we redeemed all of the outstanding Series D-11 cumulative redeemable preferred units for $20.00 per unit in cash, or $28,000 in the aggregate.

Summary Of Activity Of Redeemable Noncontrolling Interests

(Amounts in thousands)
Balance at December 31, 2009	$	1,251,628
Net income		55,228
Distributions		(53,515)
Conversion of Class A units into common shares, at redemption value		(126,764)
Adjustment to carry redeemable Class A units at redemption value		191,826
Redemption of Series D-12 redeemable units		(13,000)
Other, net		22,571
Balance at December 31, 2010		1,327,974
Net income		55,912
Distributions		(50,865)
Conversion of Class A units into common shares, at redemption value		(64,830)
Adjustment to carry redeemable Class A units at redemption value		(98,092)
Redemption of Series D-11 redeemable units		(28,000)
Other, net		18,578
Balance at December 31, 2011	$	1,160,677

- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 44

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 40

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 25

-Appendix A

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 41

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 42

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details