XML 90 R67.htm IDEA: XBRL DOCUMENT v3.10.0.1
Real Estate Fund Investments (Narrative) (Details)
12 Months Ended
Apr. 19, 2018
USD ($)
extension
Feb. 16, 2018
USD ($)
Jan. 17, 2018
USD ($)
Mar. 01, 2011
USD ($)
Dec. 31, 2018
USD ($)
investment
Dec. 31, 2017
USD ($)
investment
Dec. 31, 2016
USD ($)
Investment Holdings              
Net gains on sale of real estate and other         $ 0 $ 3,489,000 $ 5,074,000
(Loss) income from real estate fund investments         (89,231,000) 3,240,000 (23,602,000)
Our share of net income (loss)         9,149,000 15,200,000 168,948,000
Real estate fund investments         $ 318,758,000 354,804,000  
Real estate fund investments              
Investment Holdings              
Equity method ownership percentage         25.00%    
(Loss) income from real estate fund investments         $ (89,231,000) $ 3,240,000 $ (23,602,000)
Number of investments held by fund | investment         4 5  
Real estate fund investments         $ 318,758,000 $ 354,804,000  
Excess of fair value below cost         6,806,000    
Unfunded commitments of Fund         $ 50,494,000    
Vornado Capital Partners Real Estate Fund              
Investment Holdings              
Term of the Fund, years         8 years    
Investment period for commitments of the Fund, years         3 years    
Vornado Realty Trust Excluding Real Estate Fund | Crowne Plaza Time Square Hotel              
Investment Holdings              
Equity method ownership percentage         24.70%    
Vornado Realty Trust              
Investment Holdings              
Unfunded commitments of Fund         $ 16,119,000    
Crowne Plaza Times Square Hotel Joint Venture              
Investment Holdings              
Loans payable $ 255,000,000            
Loans Due May 2020 | Crowne Plaza Times Square Hotel Joint Venture              
Investment Holdings              
Debt instrument, interest rate, stated percentage         6.00%    
Loans Due May 2020 | Crowne Plaza Times Square Hotel Joint Venture | LIBOR              
Investment Holdings              
Spread Over LIBOR (in percentage) 3.53%            
Number of extensions | extension 3            
Length of extension available 1 year            
Loans Due December 2018 | Crowne Plaza Times Square Hotel Joint Venture              
Investment Holdings              
Loans payable $ 310,000,000            
Loans Due December 2018 | Crowne Plaza Times Square Hotel Joint Venture | LIBOR              
Investment Holdings              
Spread Over LIBOR (in percentage) 2.80%            
11 East 68th Street              
Investment Holdings              
Cash proceeds from sale of real estate     $ 82,000,000        
Net gains on sale of real estate and other     $ 46,259,000        
One Park Avenue              
Investment Holdings              
Payments to acquire real estate       $ 394,000,000      
Real estate tax expense       $ 3,000,000 $ 4,978,000    
Joint Venture | Crowne Plaza Time Square Hotel              
Investment Holdings              
Equity method ownership percentage         57.10%    
Joint Venture | Vornado Capital Partners Real Estate Fund              
Investment Holdings              
Equity method ownership percentage       64.70%      
Joint Venture | Vornado Realty Trust              
Investment Holdings              
Equity method ownership percentage       30.30%      
Joint Venture | Third Party              
Investment Holdings              
Equity method ownership percentage       5.00%      
State and Local Jurisdiction | One Park Avenue              
Investment Holdings              
Additional real estate tax expense   $ 9,491,000          
Interest on real estate transfer tax   6,764,000          
Real estate transfer tax and interest   15,608,000          
(Loss) income from real estate fund investments   10,630,000          
Our share of net income (loss)   $ 4,978,000          
Interest Rate Cap | Loans Due May 2020 | Crowne Plaza Times Square Hotel Joint Venture | LIBOR              
Investment Holdings              
Spread Over LIBOR (in percentage) 4.00%