Redeemable Noncontrolling Interests / Redeemable Partnership Units (Tables)

12 Months Ended

Dec. 31, 2016

(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		2016			2015	2016	2015	Preference		Rate
Common:
	Class A units held by third parties	$	1,273,018	$	1,223,793	12,197,162	12,242,820		n/a	$	2.52

Perpetual Preferred/Redeemable Preferred⁽¹⁾:
	5.00% D-16 Cumulative Redeemable	$	1,000	$	1,000	1	1	$	1,000,000.00	$	50,000.00
	3.25% D-17 Cumulative Redeemable	$	4,428	$	4,428	177,100	177,100	$	25.00	$	0.8125


(1)	Holders may tender units for redemption to the Operating Partnership for cash at their stated redemption amount; Vornado, at its 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 Vornado's option at any time.

Below is a table summarizing the activity of redeemable noncontrolling interests/redeemable partnership units.

	(Amounts in thousands)
	Balance at December 31, 2014	$	1,337,780
	Net income		43,231
	Other comprehensive loss		(2,866)
	Distributions		(30,263)
	Redemption of Class A units for Vornado common shares, at redemption value		(48,230)
	Adjustments to carry redeemable Class A units at redemption value		(192,464)
	Issuance of Class A units		80,000
	Issuance of Series D-17 Preferred Units		4,428
	Other, net		37,605
	Balance at December 31, 2015		1,229,221
	Net income		53,654
	Other comprehensive income		4,699
	Distributions		(31,342)
	Redemption of Class A units for Vornado common shares, at redemption value		(36,510)
	Adjustments to carry redeemable Class A units at redemption value		26,251
	Other, net		32,473
	Balance at December 31, 2016	$	1,278,446