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Investments in Partially Owned Entities (Tables)
 3 Months Ended
Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Below is a schedule summarizing our investments in partially owned entities.
(Amounts in thousands)
Percentage Ownership at
March 31, 2019
 
Balance as of
 
 
March 31, 2019
 
December 31, 2018
Investments:
 
 
 
 
 
Partially owned office buildings/land(1)
Various
 
$
478,240

 
$
499,005

Alexander’s
32.4%
 
106,786

 
107,983

PREIT(2)
N/A
 
—

 
59,491

UE(3)
N/A
 
—

 
45,344

Other investments(4)
Various
 
145,238

 
146,290

 
 
 
$
730,264

 
$
858,113

 
 
 
 
 
 
Investments in partially owned entities included in other liabilities(5):
 
 
 
 
 
330 Madison Avenue
25.0%
 
$
(60,054
)
 
$
(58,117
)
7 West 34th Street
53.0%
 
(51,464
)
 
(51,579
)
85 Tenth Avenue
49.9%
 
(5,857
)
 
—

 
 
 
$
(117,375
)
 
$
(109,696
)
____________________
(1)
Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 512 West 22nd Street, 61 Ninth Avenue and others.
(2)
On March 12, 2019, we converted all of our PREIT operating partnership units into common shares and began accounting for our investment as a marketable security in accordance with ASC 321 (see Note 6 - Marketable Securities).
(3)
Sold on March 4, 2019 (see page 25 for details).
(4)
Includes interests in Independence Plaza, Fashion Centre Mall/Washington Tower, Rosslyn Plaza, 50-70 West 93rd Street and others.
(5)
Our negative basis results from distributions in excess of our investment.

Below is a schedule of net income (loss) from partially owned entities.
(Amounts in thousands)
Percentage
Ownership at
March 31, 2019
 
For the Three Months Ended March 31,
 
 
2019
 
2018
Our share of net income (loss):
 
 
 
 
 
Alexander's (see page 25 for details):
 
 
 
 
 
Equity in net income (loss)(1)
32.4%
 
$
5,717

 
$
(3,209
)
Management, leasing and development fees
 
 
1,057

 
1,208

 
 
 
6,774

 
(2,001
)
Partially owned office buildings(2)
Various
 
106

 
(4,283
)
Other investments(3)
Various
 
440

 
(3,620
)
 
 
 
$
7,320

 
$
(9,904
)
____________________
(1)
2018 includes our $7,708 share of Alexander's disputed additional Transfer Tax related to the November 2012 sale of Kings Plaza Regional Shopping Center based on the precedent established by the Tax Tribunal's decision regarding One Park Avenue (see Note 5 - Real Estate Fund Investments).
(2)
Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 7 West 34th Street, 330 Madison Avenue, 512 West 22nd Street, 85 Tenth Avenue and others. 2018 includes our $4,978 share of disputed additional Transfer Tax related to the March 2011 acquisition of One Park Avenue (see Note 5 - Real Estate Fund Investments).
(3)
Includes interests in Independence Plaza, Fashion Centre Mall/Washington Tower, Rosslyn Plaza, 50-70 West 93rd Street, 666 Fifth Avenue Office Condominium (sold on August 3, 2018), UE (sold on March 4, 2019), PREIT (accounted as a marketable security from March 12, 2019) and others.