Investments in Partially Owned Entities (Tables)

3 Months Ended

Mar. 31, 2012

Schedule Of Equity Method Investments [Line Items]

			Percentage		Balance as of
(Amounts in thousands)			Ownership at		March 31,		December 31,
Investments:			March 31, 2012		2012		2011
Toys				32.7%	$	597,860	$	506,809

Alexander’s				32.4%	$	189,142	$	189,775

Lexington				11.9%⁽¹⁾		56,106		57,402

LNR				26.2%		187,251		174,408

India real estate ventures				4.0%-36.5%		100,571		80,499

Partially owned office buildings:
	280 Park Avenue			49.5%		182,998		184,516
	Rosslyn Plaza			43.7%-50.4%		62,562		53,333
	West 57th Street properties			50.0%		58,841		58,529
	One Park Avenue			30.3%		47,899		47,568
	666 Fifth Avenue Office Condominium			49.5%		31,769		23,655
	330 Madison Avenue			25.0%		22,238		20,353
	1101 17th Street			55.0%		21,056		20,407
	Fairfax Square			20.0%		6,199		6,343
	Warner Building			55.0%		4,746		2,715
	Other partially owned office buildings			Various		10,991		11,547

Other equity method investments:
	Verde Realty Operating Partnership			8.3%		59,478		59,801
	Independence Plaza			51.0%		50,194		48,511
	Downtown Crossing, Boston			50.0%		46,821		46,691
	Monmouth Mall			50.0%		7,805		7,536
	Other equity method investments⁽²⁾			Various		138,437		140,061
					$	1,285,104	$	1,233,650


(1)		12.0% at December 31, 2011.

(2)		Includes interests in 85 10th Avenue, Farley Project, Suffolk Downs, Dune Capital L.P., Fashion Centre Mall and others.

			Percentage	For the Three Months
(Amounts in thousands)			Ownership	Ended March 31,
Our Share of Net Income (Loss):			March 31, 2012	2012		2011
Toys:			32.7%
	Equity in net income before income taxes			$	157,387	$	179,839
	Income tax expense				(43,203)		(69,018)
	Equity in net income				114,184		110,821
	Management fees				2,287		2,123
				$	116,471	$	112,944

Alexander’s:			32.4%
	Equity in net income			$	6,132	$	5,719
	Management, leasing and development fees				2,262		2,292
					8,394		8,011

Lexington:			11.9%⁽¹⁾
	Equity in net income				930		720
	Net gain resulting from Lexington's stock issuance				-		1,452
					930		2,172

LNR:			26.2%
	Equity in net income				13,250		6,277
	Tax settlement gain				-		8,977
					13,250		15,254

India real estate ventures			4.0%-36.5%		(793)		(207)

Partially owned office buildings:
	Warner Building		55.0%
		Equity in net income			(3,010)		(300)
		Straight-line reserves and write-off of tenant improvements			-		(9,022)
					(3,010)		(9,322)
	280 Park Avenue (acquired in May 2011)		49.5%		(5,595)		-
	666 Fifth Avenue Office Condominium (acquired in December 2011)		49.5%		1,715		-
	330 Madison Avenue		25.0%		794		619
	1101 17th Street		55.0%		683		723
	One Park Avenue (acquired in March 2011)		30.3%		331		(1,228)
	West 57th Street properties		50.0%		313		98
	Rosslyn Plaza		43.7%-50.4%		158		2,415
	Fairfax Square		20.0%		(12)		(13)
	Other partially owned office buildings		Various		527		2,089
					(4,096)		(4,619)

Other equity method investments:
	Independence Plaza (acquired in June 2011)		51.0%		1,682		-
	Monmouth Mall		50.0%		362		131
	Downtown Crossing, Boston		50.0%		(334)		(506)
	Verde Realty Operating Partnership		8.3%		(323)		(1,794)
	Other equity method investments⁽²⁾		Various		961		(2,158)
					2,348		(4,327)

				$	20,033	$	16,284

(1)		12.6% at March 31, 2011.

(2)		Includes interests in 85 10th Avenue, Farley Project, Suffolk Downs, Dune Capital L.P., Fashion Centre Mall and others.

Schedule of debt of partially owned entities

					Interest	100% of
			Percentage		Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)			Ownership at		March 31,	March 31,		December 31,
			March 31, 2012	Maturity	2012	2012		2011
Toys:			32.7%
	Notes and mortgages payable			2012-2021	7.67%	$	5,110,529	$	6,047,521

Alexander's:			32.4%
	Mortgage notes payable			2013-2018	3.52%	$	1,327,234	$	1,330,932

Lexington:			11.9%⁽¹⁾
	Mortgage notes payable			2012-2037	5.78%	$	1,673,470	$	1,712,750

LNR:			26.2%
	Mortgage notes payable			2013-2031	4.29%	$	392,952	$	353,504
	Liabilities of consolidated CMBS and CDO trusts			n/a	5.35%		78,714,179		127,348,336
						$	79,107,131	$	127,701,840

Partially owned office buildings:
	666 Fifth Avenue Office Condominium mortgage
		note payable	49.5%	02/19	6.76%	$	1,050,235	$	1,035,884
	280 Park Avenue mortgage notes payable		49.5%	06/16	6.65%		737,892		737,678
	Warner Building mortgage note payable		55.0%	05/16	6.26%		292,700		292,700
	One Park Avenue mortgage note payable		30.3%	03/16	5.00%		250,000		250,000
	330 Madison Avenue mortgage note payable		25.0%	06/15	1.74%		150,000		150,000
	Fairfax Square mortgage note payable		20.0%	12/14	7.00%		70,768		70,974
	Rosslyn Plaza mortgage note payable		43.7% to 50.4%	n/a	n/a		-		56,680
	West 57th Street properties mortgage note payable		50.0%	02/14	4.94%		21,225		21,864
	Other		Various	Various	6.38%		70,102		70,230
						$	2,642,922	$	2,686,010

India Real Estate Ventures:
	TCG Urban Infrastructure Holdings mortgage notes
		payable	25.0%	2012-2022	12.61%	$	239,543	$	226,534

Other:
	Verde Realty Operating Partnership mortgage notes
		payable	8.3%	2013-2025	6.21%	$	311,112	$	340,378
	Monmouth Mall mortgage note payable		50.0%	09/15	5.44%		161,589		162,153
	Other⁽²⁾		Various	Various	4.88%		975,154		992,872
						$	1,447,855	$	1,495,403


(1)		12.0% at December 31, 2011.

(2)		Includes interests in Suffolk Downs, Fashion Centre Mall and others.

Toys R Us [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)		Balance as of
Balance Sheet:		January 28, 2012		October 29, 2011
	Assets	$	11,890,000	$	13,221,000
	Liabilities		9,894,000		11,530,000
	Noncontrolling interests		29,000		-
	Toys “R” Us, Inc. equity		1,967,000		1,691,000

		For the Three Months Ended
Income Statement:		January 28, 2012		January 29, 2011
	Total revenues	$	5,925,000	$	5,972,000
	Net income attributable to Toys		349,000		339,000

Alexander's Inc. [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)		Balance as of
Balance Sheet:		March 31, 2012		December 31, 2011
	Assets	$	1,773,000	$	1,771,000
	Liabilities		1,410,000		1,408,000
	Noncontrolling interests		4,000		4,000
	Stockholders' equity		359,000		359,000

		For the Three Months Ended
Income Statement:		March 31, 2012		March 31, 2011
	Total revenues	$	64,000	$	63,000
	Net income attributable to Alexander’s		19,000		18,000

Lexington Realty Trust [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)		Balance as of
Balance Sheet:		December 31, 2011		September 30, 2011
	Assets	$	3,078,000	$	3,164,000
	Liabilities		1,857,000		1,888,000
	Noncontrolling interests		58,000		59,000
	Shareholders’ equity		1,163,000		1,217,000

		For the Three Months Ended
Income Statement:		December 31, 2011		December 31, 2010
	Total revenues	$	83,000	$	86,000
	Net income attributable to Lexington		13,000		12,000

LNR [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)		Balance as of
Balance Sheet:		December 31, 2011		September 30, 2011
	Assets	$	79,951,000	$	128,536,000
	Liabilities		79,214,000		127,809,000
	Noncontrolling interests		16,000		55,000
	LNR Property Corporation equity		721,000		672,000

		For the Three Months Ended
Income Statement:		December 31, 2011		December 31, 2010
	Total revenues	$	49,000	$	36,000
	Net income attributable to LNR		51,000		58,000

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

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