Real Estate Fund Investments (Tables)

3 Months Ended

Mar. 31, 2017

Below is a summary of income from the Fund and the Crowne Plaza Joint Venture for the three months ended March 31, 2017 and 2016.

(Amounts in thousands)		For the Three Months Ended March 31,
		2017		2016
Net investment income		$	7,214	$	4,673
Net realized gains on exited investments			241		14,676
Previously recorded unrealized gain on exited investment			-		(14,254)
Net unrealized (loss) gain on held investments			(7,187)		6,189
Income from real estate fund investments ⁽¹⁾			268		11,284
Less income attributable to noncontrolling interests in consolidated subsidiaries			(3,503)		(5,973)
(Loss) income from real estate fund investments attributable to the Operating Partnership			(3,235)		5,311
Less loss (income) attributable to noncontrolling interests in the Operating Partnership			202		(329)
(Loss) income from real estate fund investments attributable to Vornado		$	(3,033)	$	4,982


(1)	Excludes $1,000 and $760 of management and leasing fees for the three months ended March 31, 2017 and 2016, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.