Mortgages and Other Loans Payable (Tables)

12 Months Ended

Dec. 31, 2015

Mortgage Note and Other Loans Payable

Schedule of the first mortgage note and other loans payable collateralized by the property, assignment of leases and investment

The first mortgages and other loans payable collateralized by either the respective properties and assignment of leases or certain debt investments at December 31, 2015 and 2014, respectively, were as follows (amounts in thousands):



Property	Maturity Date	Interest Rate⁽¹⁾		December 31, 2015		December 31, 2014
Fixed Rate Debt:						(as adjusted)
919 Third Avenue⁽²⁾	June 2023	5.12	%	$	500,000	$	500,000
711 Third Avenue⁽³⁾				—		120,000
Total fixed rate debt				500,000		620,000
Floating Rate Debt:
Master Repurchase Agreement	June 2016	3.36	%	$	253,424	$	100,000
Total floating rate debt				253,424		100,000
Total fixed and floating rate debt				$	753,424	$	720,000

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(1)	Effective weighted average interest rate for the year ended December 31, 2015.


(2)	We own a 51.0% controlling interest in the joint venture that is the borrower on this loan.


(3)	In March 2015, we repaid the mortgage.