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Concentration of Risk (Tables)
6 Months Ended
Jun. 30, 2016
LCIF [Member]  
Concentration Risk [Line Items]  
Schedule of Concentration of Risk
For the six months ended June 30, 2016 and 2015, the following tenants represented greater than 10% of rental revenues from continuing operations:
 
 
2016
 
2015
SM Ascott LLC(1)(2)
 
13.8
%
 
14.7
%
Tribeca Ascott LLC(2)(3)
 
11.8
%
 
12.6
%
AL-Stone Ground Tenant LLC(2)
 
10.8
%
 
11.5
%
Preferred Freezer Services of Richland, LLC
 
10.4
%
 

(1)
Tenancy was assigned from LG-39 Ground Tenant LLC in 2015.
(2)
The Partnership net leases these individual land parcels to the tenants under non-cancellable 99-year (original term) leases. The improvements on these parcels are owned by the tenants under the Partnership leases and currently consist of three high-rise hotels located in New York, NY. The hotels are known as the Element New York Times Square West, the Sheraton Tribeca New York Hotel and the DoubleTree by Hilton Hotel New York City - Financial District, respectively.
(3)
Tenancy was assigned from FC-Canal Ground Tenant LLC in 2016.