XML 74 R54.htm IDEA: XBRL DOCUMENT v3.22.2
Real Estate Fund Investments (Narrative) (Details)
$ in Thousands
1 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
investment
May 20, 2022
USD ($)
Dec. 31, 2021
USD ($)
investment
May 20, 2022
USD ($)
Jun. 30, 2022
USD ($)
investment
Jun. 09, 2020
USD ($)
Investment Holdings            
Aggregate fair value of real estate fund investments $ 930   $ 7,730   $ 930  
Vornado Capital Partners Real Estate Fund            
Investment Holdings            
Equity method ownership percentage 25.00%       25.00%  
Term of the Fund, years         8 years  
Investment period for commitments of the Fund, years         3 years  
Investment fund period expiration date         2013-07  
Investment fund, extension of term         2023-02  
Crowne Plaza Times Square Hotel Joint Venture            
Investment Holdings            
Default amount           $ 274,355
Debt instrument, interest rate, stated percentage (percent) 5.40%       5.40%  
Debt instrument, additional default interest, percentage 3.00%       3.00%  
1100 Lincoln Road            
Investment Holdings            
Return of capital from real estate fund investments   $ 5,672        
Net (loss) on sale of real estate       $ (53,724)    
LIBOR | Crowne Plaza Times Square Hotel Joint Venture            
Investment Holdings            
Basis spread on variable rate (percent)         3.69%  
Joint Venture | Crowne Plaza Times Square Hotel Joint Venture            
Investment Holdings            
Equity method ownership percentage 57.10%       57.10%  
Joint Venture | Crowne Plaza Time Square Hotel | Crowne Plaza Times Square Hotel Joint Venture            
Investment Holdings            
Ownership percentage by noncontrolling owners 24.30%       24.30%  
Real estate fund investments            
Investment Holdings            
Number of investments held by fund (investment) | investment 2   3   2  
Aggregate fair value of real estate fund investments $ 930   $ 7,730   $ 930  
Real estate fund investments below cost 275,459       275,459  
Unfunded commitments of fund 28,465       28,465  
Real estate fund investments | Vornado Realty Trust            
Investment Holdings            
Unfunded commitments of fund $ 8,849       $ 8,849