Investments in Partially Owned Entities (Tables)

6 Months Ended

Jun. 30, 2016

Below are schedules summarizing our investments in, and income (loss) from, partially owned entities.

(Amounts in thousands)		Percentage
		Ownership at		Balance as of
		June 30, 2016		June 30, 2016		December 31, 2015
Investments:
	Partially owned office buildings⁽¹⁾		Various	$	811,984	$	909,782
	Alexander’s		32.4%		129,795		133,568
	PREIT		8.0%		125,822		133,375
	India real estate ventures		4.1%-36.5%		45,139		48,310
	UE		5.4%		23,868		25,351
	Other investments⁽²⁾		Various		363,184		300,036
				$	1,499,792	$	1,550,422

	7 West 34th Street⁽³⁾		53.0%	$	(43,160)	$	-


(1)	Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue, 512 West 22nd Street and others.
(2)	Includes interests in Independence Plaza, 85 Tenth Avenue, Fashion Center Mall, 50-70 West 93rd Street, Toys "R" Us, Inc. (which has a carrying amount of zero) and others.
(3)	Our negative basis results from a $43,813 deferred gain from the sale of a 47.0% ownership interest in the property and is included in "other liabilities" on our consolidated balance sheet.

(Amounts in thousands)				Percentage		For the Three Months Ended				For the Six Months Ended
				Ownership at		June 30,				June 30,
				June 30, 2016		2016		2015		2016		2015
Our Share of Net Income (Loss):
		Alexander's (see page ##PRS<ALXPAR> for details):
			Equity in net income		32.4%	$	6,812	$	5,447	$	13,749	$	11,041
			Management, leasing and development fees				1,688		1,876		3,413		3,973
							8,500		7,323		17,162		15,014
		UE (see page ##PRS<UEPAR> for details):
			Equity in net earnings		5.4%		1,071		404		1,947		404
			Management fees				209		500		418		1,084
							1,280		904		2,365		1,488

		Partially owned office buildings⁽¹⁾			Various		(12,462)		(3,238)		(26,711)		(12,534)

		India real estate ventures			4.1%-36.5%		(1,934)		(16,567)		(2,620)		(16,676)

		PREIT (see page ##PRS<PREITPAR> for details)			8.0%		(527)		(364)		(4,815)		(364)

		Other investments⁽²⁾			Various		5,785		6,301		11,021		4,688

						$	642	$	(5,641)	$	(3,598)	$	(8,384)


(1)	Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 7 West 34th Street, 330 Madison Avenue, 512 West 22nd Street and others. In 2015, we recognized our $5,387 share of a write-off of a below market lease liability related to a tenant vacating at 650 Madison.
(2)	Includes interests in Independence Plaza, 85 Tenth Avenue, Fashion Center Mall, 50-70 West 93rd Street, Toys "R" Us, Inc. and others.