Impairment Losses and Transaction Related Costs, Net (Tables)

12 Months Ended

Dec. 31, 2020

Transaction Related Costs, Impairment Losses and Other [Abstract]

Schedule of Impairment Losses and Transaction Related Costs, Net

The following table sets forth the details of impairment losses and transaction related costs, net:

(Amounts in thousands)	For the Year Ended December 31,
	2020		2019		2018
Real estate impairment losses (1)	$	(236,286)	$	(8,065)	$	(12,000)
608 Fifth Avenue lease liability extinguishment gain in 2020 and impairment loss and related write-offs in 2019 (see following page for details)	70,260		(93,860)		—
Transaction related costs	(8,001)		(4,613)		(6,217)
Transfer Tax(2)	—		—		(13,103)
	$	(174,027)	$	(106,538)	$	(31,320)

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(1)See Note 14 - Fair Value Measurements for additional information.

(2)Additional Transfer Tax recorded in the first quarter 2018 related to the acquisition of Independence Plaza. The joint venture, in which we have a 50.1% economic interest, that owns Independence Plaza recognized this expense based on the precedent established by the Tax Tribunal's decision regarding One Park Avenue (see Note 5 - Real Estate Fund Investments).