Investments in Partially Owned Entities (Tables)

3 Months Ended

Mar. 31, 2017

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

(Amounts in thousands)		Percentage
		Ownership at		Balance as of
		March 31, 2017		March 31, 2017		December 31, 2016
Investments:
	Partially owned office buildings⁽¹⁾		Various	$	786,387	$	797,205
	Alexander’s		32.4%		127,908		129,324
	PREIT		8.0%		119,643		122,883
	India real estate ventures		4.1%-36.5%		31,519		30,290
	UE		5.4%		24,358		24,523
	Other investments⁽²⁾		Various		325,932		323,794
				$	1,415,747	$	1,428,019

	7 West 34th Street⁽³⁾		53.0%	$	(44,291)	$	(43,022)


(1)	Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue, 512 West 22nd Street, 85 Tenth Avenue and others.
(2)	Includes interests in Independence Plaza, Fashion Centre Mall/Washington Tower, 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 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
				Ownership at		For the Three Months Ended March 31,
				March 31, 2017		2017		2016
Our Share of Net Income (Loss):
		Alexander's (see page ##PRS<ALXPAR> for details):
			Equity in net income		32.4%	$	6,892	$	6,937
			Management, leasing and development fees				1,509		1,725
							8,401		8,662
		UE (see page ##PRS<UEPAR> for details):
			Equity in net income		5.4%		1,091		876
			Management fees				209		209
							1,300		1,085

		Partially owned office buildings⁽¹⁾			Various		(10,054)		(14,249)

		India real estate ventures			4.1%-36.5%		1,654		(686)

		PREIT (see page ##PRS<PREITPAR> for details)			8.0%		(2,830)		(4,288)

		Other investments⁽²⁾			Various		2,974		5,236

						$	1,445	$	(4,240)


(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, 85 Tenth Avenue and others.
(2)	Includes interests in Independence Plaza, Fashion Centre Mall/Washington Tower, 50-70 West 93rd Street, Toys "R" Us, Inc. and others.