Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Jun. 30, 2014 |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | VORNADO REALTY TRUST | |
Entity Central Index Key | 899689 | |
Document Type | 10-K | |
Document Period End Date | 31-Dec-14 | |
Document Fiscal Year Focus | 2014 | |
Document Fiscal Period Focus | FY | |
Amendment Flag | FALSE | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 187,887,498 | |
Entity Public Float | $18,241,786 | |
Entity Well Known Seasoned Issuer | Yes | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Trading Symbol | vno |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Real estate, at cost: | ||
Land | $4,240,009 | $4,016,851 |
Buildings and improvements | 13,338,445 | 12,245,111 |
Development costs and construction in progress | 1,136,344 | 1,024,714 |
Leasehold improvements and equipment | 130,594 | 132,270 |
Total | 18,845,392 | 17,418,946 |
Less accumulated depreciation and amortization | -3,629,135 | -3,296,717 |
Real estate, net | 15,216,257 | 14,122,229 |
Cash and cash equivalents | 1,198,477 | 583,290 |
Restricted cash | 186,512 | 262,440 |
Marketable securities | 206,323 | 191,917 |
Tenant and other receivables, net of allowance for doubtful accounts of $17,060 and $21,869 | 124,144 | 115,862 |
Investments in partially owned entities | 1,246,496 | 1,249,667 |
Real Estate Fund investments (in US Dollars) | 513,973 | 667,710 |
Receivable arising from the straight-lining of rents, net of allowance of $3,188 and $4,355 | 877,486 | 795,256 |
Deferred leasing and financing costs, net of accumulated amortization of $300,227 and $259,286 | 503,384 | 404,907 |
Identified intangible assets, net of accumulated amortization of $225,841 and 276,426 | 276,239 | 307,436 |
Assets related to discontinued operations | 477,620 | 874,050 |
Other assets | 421,409 | 522,460 |
Assets | 21,248,320 | 20,097,224 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | ||
Mortgages payable | 9,551,700 | 8,331,993 |
Senior unsecured notes | 1,347,159 | 1,350,855 |
Revolving credit facility debt | 0 | 295,870 |
Accounts payable and accrued expenses | 499,702 | 422,276 |
Deferred revenue | 519,280 | 529,002 |
Deferred compensation plan | 117,284 | 116,515 |
Deferred tax liabilities | 1,146 | 1,280 |
Liabilities related to discontinued operations | 211 | 14,709 |
Other liabilities | 384,676 | 436,360 |
Total liabilities | 12,421,158 | 11,498,860 |
Commitments and contingencies | ||
Redeemable noncontrolling interests: | ||
Class A units - 11,365,550 and 11,292,038 units outstanding | 1,336,780 | 1,002,620 |
Series D cumulative redeemable preferred units - 1 unit outstanding | 1,000 | 1,000 |
Total redeemable noncontrolling interests | 1,337,780 | 1,003,620 |
Vornado shareholders' equity: | ||
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 52,678,939 and 52,682,807 shares | 1,277,026 | 1,277,225 |
Common shares of beneficial interest: $.04 par value per share; authorized, 250,000,000 shares; issued and outstanding 187,887,498 and 187,284,688 shares | 7,493 | 7,469 |
Additional capital | 6,873,025 | 7,143,840 |
Earnings less than distributions | -1,505,385 | -1,734,839 |
Accumulated other comprehensive income | 93,267 | 71,537 |
Total Vornado shareholders' equity | 6,745,426 | 6,765,232 |
Noncontrolling interests in consolidated subsidiaries | 743,956 | 829,512 |
Total equity | 7,489,382 | 7,594,744 |
Total liabilities, redeemable noncontrolling interests and equity | 21,248,320 | 20,097,224 |
Toys R Us [Member] | ||
Real estate, at cost: | ||
Investments in partially owned entities | 0 | 83,224 |
All Equity Method Investees Excluding Toys [Member] | ||
Real estate, at cost: | ||
Investments in partially owned entities | $1,246,496 | $1,166,443 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
ASSETS | ||
Tenant and other receivables, allowance for doubtful accounts (in US dollars) | $17,060 | $21,869 |
Receivable arising from the straight-lining of rents, allowance (in US dollars) | 3,188 | 4,355 |
Deferred leasing and financing costs, accumulated amortization (in US dollars) | 300,227 | 259,286 |
Identified intangible assets, accumulated amortization (in US dollars) | $225,841 | $276,426 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | ||
Preferred Stock, Par Value Per Share | $0 | $0 |
Preferred shares of beneficial interest: authorized shares | 110,000,000 | 110,000,000 |
Preferred shares of beneficial interest: issued shares | 52,678,939 | 52,682,807 |
Preferred shares of beneficial interest: outstanding shares | 52,678,939 | 52,682,807 |
Common shares of beneficial interest: par value per share (in dollars per share) | $0.04 | $0.04 |
Common shares of beneficial interest: authorized shares | 250,000,000 | 250,000,000 |
Common shares of beneficial interest: issued shares | 187,887,498 | 187,284,688 |
Common shares of beneficial interest: outstanding shares | 187,887,498 | 187,284,688 |
Common Class A [Member] | ||
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | ||
Outstanding Partnership Units held by Third Parties | 11,356,550 | 11,292,038 |
Cumulative Redeemable Preferred Unit [Member] | ||
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | ||
Outstanding Partnership Units held by Third Parties | 1 | 1 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
REVENUES: | |||
Property rentals | $2,110,797 | $2,081,115 | $1,990,784 |
Tenant expense reimbursements | 329,398 | 301,167 | 279,075 |
Cleveland Medical Mart development project | 0 | 36,369 | 235,234 |
Fee and other income | 195,745 | 250,618 | 144,124 |
Total revenues | 2,635,940 | 2,669,269 | 2,649,217 |
EXPENSES: | |||
Operating | 1,064,753 | 1,030,951 | 988,883 |
Depreciation and amortization | 536,230 | 515,724 | 490,028 |
General and administrative | 185,924 | 196,267 | 190,109 |
Cleveland Medical Mart development project | 0 | 32,210 | 226,619 |
Acquisition and transaction related costs, and impairment losses | 33,391 | 43,857 | 25,786 |
Total expenses | 1,820,298 | 1,819,009 | 1,921,425 |
Operating income | 815,642 | 850,260 | 727,792 |
Income from Real Estate Fund | 163,034 | 102,898 | 63,936 |
(Loss) income from partially owned entities | -58,131 | -338,785 | 423,126 |
Interest and debt expense | -467,715 | -481,304 | -484,794 |
Interest and other investment income (loss), net | 38,787 | -24,876 | -261,179 |
Net gain on disposition of wholly owned and partially owned assets | 13,568 | 3,407 | 13,347 |
Income before income taxes | 505,185 | 111,600 | 482,228 |
Income tax (expense) benefit | -11,002 | 6,406 | -8,132 |
Income from continuing operations | 494,183 | 118,006 | 474,096 |
Income from discontinued operations | 514,843 | 446,734 | 220,445 |
Net income | 1,009,026 | 564,740 | 694,541 |
Less net income attributable to noncontrolling interests in: | |||
Consolidated subsidiaries | -96,561 | -63,952 | -32,018 |
Operating Partnership | -47,563 | -23,659 | -35,327 |
Preferred unit distributions of the Operating Partnership | -50 | -1,158 | -9,936 |
Net income attributable to Vornado | 864,852 | 475,971 | 617,260 |
Preferred share dividends | -81,464 | -82,807 | -76,937 |
Preferred unit and share redemptions | 0 | -1,130 | 8,948 |
NET INCOME attributable to common shareholders | 783,388 | 392,034 | 549,271 |
INCOME (LOSS) PER COMMON SHARE - BASIC: | |||
Income (loss) from continuing operations, net (in dollars per share) | $1.59 | ($0.14) | $1.83 |
Income from discontinued operations, net (in dollars per share) | $2.59 | $2.24 | $1.12 |
Net income per common share (in dollars per share) | $4.18 | $2.10 | $2.95 |
Weighted average shares outstanding | 187,572 | 186,941 | 185,810 |
INCOME (LOSS) PER COMMON SHARE - DILUTED: | |||
Iincome (loss) from continuing operations, net (in dollars per share) | $1.58 | ($0.14) | $1.82 |
Income from discontinued operations, net (in dollars per share) | $2.57 | $2.23 | $1.12 |
Net income per common share | $4.15 | $2.09 | $2.94 |
Weighted average shares outstanding | 188,690 | 187,709 | 186,530 |
Toys R Us [Member] | |||
EXPENSES: | |||
(Loss) income from partially owned entities | -73,556 | -362,377 | 14,859 |
All Equity Method Investees Excluding Toys [Member] | |||
EXPENSES: | |||
(Loss) income from partially owned entities | $15,425 | $23,592 | $408,267 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Net income | $1,009,026 | $564,740 | $694,541 |
Other comprehensive income (loss): | |||
Change in unrealized net gain (loss) on securities available-for-sale | 14,465 | 142,281 | -283,649 |
Amounts reclassified from accumulated other comprehensive income: | |||
Non-cash impairment loss on J.C. Penney common shares | 0 | 0 | 224,937 |
Sale of available-for-sale securities | 0 | -42,404 | -3,582 |
Pro rata share of other comprehensive income (loss) of nonconsolidated subsidiaries | 2,509 | -22,814 | -31,758 |
Change in value of interest rate swap | 6,079 | 18,183 | -5,659 |
Other | 0 | 533 | 329 |
Comprehensive income | 1,032,079 | 660,519 | 595,159 |
Less comprehensive income attributable to noncontrolling interests | -145,497 | -94,065 | -70,574 |
Comprehensive income attributable to Vornado | $886,582 | $566,454 | $524,585 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Equity (USD $) | Total | Series L Preferred Stock [Member] | Series K Preferred Stock [Member] | Series E Preferred Stock [Member] | Series F And Series H Preferred Stock [Member] | Real Estate Fund [Member] | All Other Except Real Estate Fund [Member] | Preferred Shares | Preferred Shares | Preferred Shares | Preferred Shares | Preferred Shares | Common Shares | Additional Capital | Earnings Less Than Distributions | Earnings Less Than Distributions | Accumulated Other Comprehensive Income (Loss) | Non-controlling Interests | Non-controlling Interests | Non-controlling Interests |
In Thousands, unless otherwise specified | Series L Preferred Stock [Member] | Series K Preferred Stock [Member] | Series E Preferred Stock [Member] | Series F And Series H Preferred Stock [Member] | Series F And Series H Preferred Stock [Member] | Real Estate Fund [Member] | All Other Except Real Estate Fund [Member] | |||||||||||||
Beginning balance, Value at Dec. 31, 2011 | $7,508,447 | $1,021,660 | $7,373 | $7,127,258 | ($1,401,704) | $73,729 | $680,131 | |||||||||||||
Beginning balance, Shares at Dec. 31, 2011 | 42,187 | 185,080 | ||||||||||||||||||
Net income attributable to Vornado | 617,260 | 617,260 | ||||||||||||||||||
Net income attributable to noncontrolling interests in consolidated subsidiaries | 32,018 | 39,332 | 32,018 | |||||||||||||||||
Dividends on common shares, Value | -699,318 | -699,318 | ||||||||||||||||||
Dividends on preferred shares, Value | -76,937 | -76,937 | ||||||||||||||||||
Issuance of preferred shares, Shares | 12,000 | |||||||||||||||||||
Issuance of preferred shares, Value | 290,971 | 290,971 | ||||||||||||||||||
Redemption of preferred shares, Shares | -3,000 | |||||||||||||||||||
Redemption of preferred shares, Value | -72,248 | -72,248 | ||||||||||||||||||
Common shares issued: | ||||||||||||||||||||
Upon redemption of Class A units, at redemption value, Shares | 1,121 | |||||||||||||||||||
Upon redemption of Class A units, at redemption value, Value | 89,762 | 45 | 89,717 | |||||||||||||||||
Under Omnibus share plan, Shares | 434 | |||||||||||||||||||
Under Omnibus share plan, Value | -6,850 | 18 | 9,521 | -16,389 | ||||||||||||||||
Under dividend reinvestment plan, Shares | 29 | |||||||||||||||||||
Under dividend reinvestment plan, Value | 2,307 | 1 | 2,306 | |||||||||||||||||
Upon acquisition of real estate, Shares | 64 | |||||||||||||||||||
Upon acquisition of real estate, Value | 5,124 | 3 | 5,121 | |||||||||||||||||
Contributions: | ||||||||||||||||||||
Contributions | 195,029 | 18,103 | 195,029 | 18,103 | ||||||||||||||||
Distribution: | ||||||||||||||||||||
Distributions | -48,138 | -59 | -48,138 | -59 | ||||||||||||||||
Transfer of noncontrolling interest in Real Estate Fund | 0 | |||||||||||||||||||
Conversion Of Series A preferred shares to common shares, Shares | -2 | 3 | ||||||||||||||||||
Conversion of Series A preferred shares to common shares, Value | 0 | -105 | 0 | 105 | ||||||||||||||||
Deferred compensation shares and options, Shares | 4 | |||||||||||||||||||
Deferred compensation shares and options, Value | 13,054 | 0 | 13,527 | -473 | ||||||||||||||||
Change in unrealized net gain (loss) on securities available-for-sale | -283,649 | -283,649 | ||||||||||||||||||
Non-cash impairment loss on J.C. Penney common shares | 224,937 | 224,937 | ||||||||||||||||||
Amounts reclassified related to sale of available-for-sale securities | -3,582 | -3,582 | ||||||||||||||||||
Pro rata share of other comprehensive income (loss) of nonconsolidated subsidiaries | -31,758 | -31,758 | ||||||||||||||||||
Change in value of interest rate swap | -5,659 | -5,659 | ||||||||||||||||||
Adjustments to carry redeemable Class A units at redemption value | -52,117 | -52,117 | ||||||||||||||||||
Redeemable noncontrolling interests' share of above adjustments | 6,707 | 6,707 | ||||||||||||||||||
Preferred unit and share redemptions | 8,948 | 8,948 | ||||||||||||||||||
Consolidation of a partially owned entity | 176,132 | 176,132 | ||||||||||||||||||
Other | -4,340 | 0 | 0 | -4,662 | 329 | -7 | ||||||||||||||
Ending balance, Value at Dec. 31, 2012 | 7,904,144 | 1,240,278 | 7,440 | 7,195,438 | -1,573,275 | -18,946 | 1,053,209 | |||||||||||||
Ending balance, Shares at Dec. 31, 2012 | 51,185 | 186,735 | ||||||||||||||||||
Net income attributable to Vornado | 475,971 | 475,971 | ||||||||||||||||||
Net income attributable to noncontrolling interests in consolidated subsidiaries | 63,952 | 53,427 | 63,952 | |||||||||||||||||
Dividends on common shares, Value | -545,913 | -545,913 | ||||||||||||||||||
Dividends on preferred shares, Value | -82,807 | -82,807 | ||||||||||||||||||
Issuance of preferred shares, Shares | 12,000 | |||||||||||||||||||
Issuance of preferred shares, Value | 290,306 | 290,306 | ||||||||||||||||||
Redemption of preferred shares, Shares | -10,500 | |||||||||||||||||||
Redemption of preferred shares, Value | -253,269 | -253,269 | 0 | |||||||||||||||||
Common shares issued: | ||||||||||||||||||||
Upon redemption of Class A units, at redemption value, Shares | 299 | |||||||||||||||||||
Upon redemption of Class A units, at redemption value, Value | 25,317 | 12 | 25,305 | |||||||||||||||||
Under Omnibus share plan, Shares | 104 | |||||||||||||||||||
Under Omnibus share plan, Value | 5,808 | 23 | 5,892 | -107 | ||||||||||||||||
Under dividend reinvestment plan, Shares | 22 | |||||||||||||||||||
Under dividend reinvestment plan, Value | 1,851 | 1 | 1,850 | |||||||||||||||||
Upon acquisition of real estate, Shares | 128 | |||||||||||||||||||
Upon acquisition of real estate, Value | 11,461 | 5 | 11,456 | |||||||||||||||||
Contributions: | ||||||||||||||||||||
Contributions | 28,078 | 15,886 | 28,078 | 15,886 | ||||||||||||||||
Distribution: | ||||||||||||||||||||
Distributions | -34,053 | -47,268 | -133,153 | -47,268 | -133,153 | |||||||||||||||
Transfer of noncontrolling interest in Real Estate Fund | 0 | |||||||||||||||||||
Conversion Of Series A preferred shares to common shares, Shares | -2 | 3 | ||||||||||||||||||
Conversion of Series A preferred shares to common shares, Value | 0 | -90 | 0 | 90 | ||||||||||||||||
Deferred compensation shares and options, Shares | -6 | |||||||||||||||||||
Deferred compensation shares and options, Value | 9,270 | -12 | 9,589 | -307 | ||||||||||||||||
Change in unrealized net gain (loss) on securities available-for-sale | 142,281 | 142,281 | ||||||||||||||||||
Non-cash impairment loss on J.C. Penney common shares | 0 | |||||||||||||||||||
Amounts reclassified related to sale of available-for-sale securities | -42,404 | -42,404 | ||||||||||||||||||
Pro rata share of other comprehensive income (loss) of nonconsolidated subsidiaries | -22,814 | -22,814 | ||||||||||||||||||
Change in value of interest rate swap | 18,183 | 18,183 | ||||||||||||||||||
Adjustments to carry redeemable Class A units at redemption value | -108,252 | -108,252 | ||||||||||||||||||
Redeemable noncontrolling interests' share of above adjustments | -5,296 | -5,296 | ||||||||||||||||||
Preferred unit and share redemptions | -1,130 | -1,130 | ||||||||||||||||||
Deconsolidation of partially owned entity | -165,427 | -165,427 | ||||||||||||||||||
Consolidation of a partially owned entity | 16,799 | 16,799 | ||||||||||||||||||
Other | -6,830 | 2,472 | -7,271 | 533 | -2,564 | |||||||||||||||
Ending balance, Value at Dec. 31, 2013 | 7,594,744 | 1,277,225 | 7,469 | 7,143,840 | -1,734,839 | 71,537 | 829,512 | |||||||||||||
Ending balance, Shares at Dec. 31, 2013 | 52,683 | 187,285 | ||||||||||||||||||
Net income attributable to Vornado | 864,852 | 864,852 | ||||||||||||||||||
Net income attributable to noncontrolling interests in consolidated subsidiaries | 96,561 | 92,728 | 96,561 | |||||||||||||||||
Dividends on common shares, Value | -547,831 | -547,831 | ||||||||||||||||||
Dividends on preferred shares, Value | -81,464 | -81,464 | ||||||||||||||||||
Common shares issued: | ||||||||||||||||||||
Upon redemption of Class A units, at redemption value, Shares | 271 | |||||||||||||||||||
Upon redemption of Class A units, at redemption value, Value | 27,273 | 11 | 27,262 | |||||||||||||||||
Under Omnibus share plan, Shares | 304 | |||||||||||||||||||
Under Omnibus share plan, Value | 14,047 | 12 | 17,428 | -3,393 | ||||||||||||||||
Under dividend reinvestment plan, Shares | 17 | |||||||||||||||||||
Under dividend reinvestment plan, Value | 1,804 | 1 | 1,803 | 0 | ||||||||||||||||
Contributions: | ||||||||||||||||||||
Contributions | 5,297 | 32,998 | 5,297 | 32,998 | ||||||||||||||||
Distribution: | ||||||||||||||||||||
Distributions | -33,469 | -182,964 | -4,463 | -182,964 | -4,463 | |||||||||||||||
Transfer of noncontrolling interest in Real Estate Fund | -33,028 | -33,028 | ||||||||||||||||||
Conversion Of Series A preferred shares to common shares, Shares | -4 | 5 | ||||||||||||||||||
Conversion of Series A preferred shares to common shares, Value | 0 | -193 | 193 | |||||||||||||||||
Deferred compensation shares and options, Shares | 5 | |||||||||||||||||||
Deferred compensation shares and options, Value | 5,512 | 0 | 5,852 | -340 | ||||||||||||||||
Change in unrealized net gain (loss) on securities available-for-sale | 14,465 | 14,465 | ||||||||||||||||||
Non-cash impairment loss on J.C. Penney common shares | 0 | |||||||||||||||||||
Amounts reclassified related to sale of available-for-sale securities | 0 | |||||||||||||||||||
Pro rata share of other comprehensive income (loss) of nonconsolidated subsidiaries | 2,509 | 2,509 | ||||||||||||||||||
Change in value of interest rate swap | 6,079 | 6,079 | ||||||||||||||||||
Adjustments to carry redeemable Class A units at redemption value | -315,276 | -315,276 | ||||||||||||||||||
Redeemable noncontrolling interests' share of above adjustments | -1,323 | -1,323 | ||||||||||||||||||
Preferred unit and share redemptions | 0 | |||||||||||||||||||
Other | -10,410 | -6 | -8,077 | -2,370 | 0 | 43 | ||||||||||||||
Ending balance, Value at Dec. 31, 2014 | $7,489,382 | $1,277,026 | $7,493 | $6,873,025 | ($1,505,385) | $93,267 | $743,956 | |||||||||||||
Ending balance, Shares at Dec. 31, 2014 | 52,679 | 187,887 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Cash Flows from Operating Activities: | |||
Net income | $1,009,026 | $564,740 | $694,541 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization (including amortization of deferred financing costs) | 583,408 | 561,998 | 557,888 |
Net gains on sale of real estate | -507,192 | -414,502 | -245,799 |
Return of capital from Real Estate Fund investments | 215,676 | 56,664 | 63,762 |
Net realized and unrealized gains on Real Estate Fund investments | -150,139 | -85,771 | -55,361 |
Distributions of income from partially owned entities | 96,286 | 54,030 | 226,172 |
Straight-lining of rental income | -82,800 | -69,391 | -69,648 |
Equity in net loss (income) of partially owned entities, including Toys R Us | 58,131 | 338,785 | -423,126 |
Amortization of below-market leases, net | -46,786 | -52,876 | -54,359 |
Other non-cash adjustments | 37,303 | 41,663 | 52,082 |
Impairment losses and tenant buy-outs | 26,518 | 37,170 | 133,977 |
Net gain on disposition of wholly owned and partially owned assets | -13,568 | -3,407 | -13,347 |
Defeasance cost in connection with the refinancing of mortgage notes payable | 5,589 | 0 | 0 |
Losses from the disposition of investment in J.C. Penney | 0 | 72,974 | 300,752 |
Gain on sale of Canadian Trade Shows | 0 | 0 | -31,105 |
Changes in operating assets and liabilities: | |||
Real Estate Fund investments | -3,392 | -37,817 | -262,537 |
Tenant and other receivables, net | -8,282 | 83,897 | -23,271 |
Prepaid assets | -8,786 | -2,207 | -10,549 |
Other assets | -123,435 | -50,856 | -46,573 |
Accounts payable and accrued expenses | 44,628 | -41,729 | 21,595 |
Other liabilities | 3,125 | -12,576 | 9,955 |
Net cash provided by operating activities | 1,135,310 | 1,040,789 | 825,049 |
Cash Flows from Investing Activities: | |||
Development costs and construction in progress | -544,187 | -469,417 | -156,873 |
Additions to real estate | -279,206 | -260,343 | -205,652 |
Proceeds from sales of real estate and related investments | 388,776 | 1,027,608 | 445,683 |
Acquisitions of real estate and other | -211,354 | -193,417 | -673,684 |
Investments in partially owned entities | -120,639 | -230,300 | -134,994 |
Restricted cash | 99,464 | -26,892 | -75,138 |
Proceeds from sales and repayments of mortgage and mezzanine loans receivable and other | 96,913 | 50,569 | 38,483 |
Investments in mortgage and mezzanine loans receivable and other | -30,175 | -390 | -94,094 |
Distributions of capital from partially owned entities | 25,943 | 290,404 | 144,502 |
Proceeds from sales of, and return of investment in, marketable securities | 0 | 378,709 | 60,258 |
Proceeds from the sale of LNR | 0 | 240,474 | 0 |
Funding of J.C. Penney derivative collateral; and settlement of derivative in 2013 | 0 | -186,079 | -191,330 |
Return of J.C. Penney derivative collateral | 0 | 101,150 | 134,950 |
Proceeds from the sale of Canadian Trade Shows | 0 | 0 | 52,504 |
Proceeds from the repayment of loan to officer | 0 | 0 | 13,123 |
Net cash (used in) provided by investing activities | -574,465 | 722,076 | -642,262 |
Cash Flows from Financing Activities: | |||
Proceeds from borrowings | 2,428,285 | 2,262,245 | 3,593,000 |
Repayments of borrowings | -1,312,258 | -3,580,100 | -2,747,694 |
Dividends paid on common shares | -547,831 | -545,913 | -699,318 |
Distributions to noncontrolling interests | -220,895 | -215,247 | -104,448 |
Purchase of marketable securities in connection with the defeasance of mortgage notes payable | -198,884 | 0 | 0 |
Dividends paid on preferred shares | -81,468 | -83,188 | -73,976 |
Debt issuance and other costs | -58,336 | -19,883 | -39,073 |
Contributions from noncontrolling interests | 30,295 | 43,964 | 213,132 |
Proceeds received from exercise of employee share options | 19,245 | 7,765 | 11,853 |
Repurchase of shares related to stock compensation agreements and related tax withholdings | -3,811 | -443 | -30,168 |
Purchases of outstanding preferred units and shares | 0 | -299,400 | -243,300 |
Proceeds from the issuance of preferred shares | 0 | 290,306 | 290,971 |
Net Cash provided by (used in) financing activities | 54,342 | -2,139,894 | 170,979 |
Net increase (decrease) in cash and cash equivalents | 615,187 | -377,029 | 353,766 |
Cash and cash equivalents at beginning of period | 583,290 | 960,319 | 606,553 |
Cash and cash equivalents at end of period | 1,198,477 | 583,290 | 960,319 |
Supplemental Disclosure Of Cash Flow Information: | |||
Cash payments for interest (net of amounts capitalized of $53,139, $42,303, and $16,801 | 443,538 | 465,260 | 491,869 |
Cash payments for income taxes | 11,696 | 9,023 | 21,709 |
Non-Cash Investing and Financing Activities: | |||
Adjustments to carry redeemable Class A units at redemption value | -315,276 | -108,252 | -52,117 |
Marketable securities transferred in connection with the defeasance of mortgage notes payable | 198,884 | 0 | 0 |
Defeasance of mortgage notes payable | -193,406 | 0 | 0 |
Write-off of fully depreciated assets | -121,673 | -77,106 | -177,367 |
Accrued capital expenditures included in accounts payable and accrued expenses | 100,528 | 72,042 | 80,350 |
Elimination of a mortgage and mezzanine loan asset and liability | 59,375 | 0 | 0 |
Transfer of interest in Real Estate Fund to an unconsolidated joint venture | -58,564 | 0 | 0 |
Transfer of noncontrolling interest in Real Estate Fund | -33,028 | 0 | 0 |
Beverly Connection seller financing | 13,620 | 0 | 0 |
Financing assumed in acquisitions | 0 | 79,253 | 0 |
Financings transferred in dispositions | 0 | 0 | -163,144 |
L.A. Mart seller financing | 0 | 0 | 35,000 |
Marriott Marquis Times Square - retail and signage capital lease: | |||
Asset (included in development costs and construction in progress) | 0 | 0 | 240,000 |
Liability (included in other liabilities) | 0 | 0 | -240,000 |
Increase in assets and liabilities resulting from the consolidation of partially owned entities: | |||
Real Estate, net | 0 | 0 | 342,919 |
Notes and mortgages payable | 0 | 0 | 334,225 |
Decrease in assets and liabilities resulting from deconsolidation of discontinued operations and /or investments that were previously consolidated: | |||
Real estate, Net | 0 | -852,166 | 0 |
Notes and Mortgages Payable | 0 | -322,903 | 0 |
Acquisitions [Member] | |||
Non-Cash Investing and Financing Activities: | |||
Like-kind exchange of real estate | 606,816 | 66,076 | 230,913 |
Dispositions [Member] | |||
Non-Cash Investing and Financing Activities: | |||
Like-kind exchange of real estate | ($630,352) | ($128,767) | ($230,913) |
Consolidated_Statements_of_Cas1
Consolidated Statements of Cash Flows (Parentheticals) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Statement of Cash Flows [Abstract] | |||
Cash paid for capitalized interest | $53,139 | $42,303 | $16,801 |
Organization_and_Business
Organization and Business | 12 Months Ended |
Dec. 31, 2014 | |
Organization and Business [Abstract] | |
Organization And Business | 1. Organization and Business |
Vornado Realty Trust (“Vornado”) is a fully-integrated real estate investment trust (“REIT”) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a Delaware limited partnership (the “Operating Partnership”). Accordingly, Vornado's cash flow and ability to pay dividends to its shareholders is dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to first satisfy their obligations to creditors. Vornado is the sole general partner of, and owned approximately 94.1% of the common limited partnership interest in the Operating Partnership at December 31, 2014. All references to “we,” “us,” “our,” the “Company” and “Vornado” refer to Vornado Realty Trust and its consolidated subsidiaries, including the Operating Partnership. | |
On January 15, 2015, we completed the spin-off of substantially all of our retail segment comprised of 79 strip shopping centers, three malls, a warehouse park and $225 million of cash to Urban Edge Properties (“UE”) (NYSE: UE). As part of this transaction, we received 5,712,000 UE operating partnership units (5.4% ownership interest). We are providing transition services to UE for an initial period of up to two years, including information technology, human resources, tax and public reporting. UE is providing us with leasing and property management services for (i) the Monmouth Mall, (ii) certain small retail properties which did not fit UE's strategy that we plan to sell, and (iii) our affiliate, Alexander's, Inc. (NYSE: ALX), Rego Park retail assets. Steven Roth, our Chairman and Chief Executive Officer is a member of the Board of Trustees of UE. The spin-off distribution was effected by Vornado distributing one UE common share for every two Vornado common shares. Beginning in the first quarter of 2015, the historical financial results of UE will be reflected in our consolidated financial statements as discontinued operations for all periods presented. | |
We currently own all or portions of: | |
New York: | |
20.1 million square feet of Manhattan office space in 31 properties; | |
2.5 million square feet of Manhattan street retail space in 56 properties; | |
Four residential properties containing 1,654 units; | |
The 1,700 room Hotel Pennsylvania located on Seventh Avenue at 33rd Street in the heart of the Penn Plaza district; | |
A 32.4% interest in Alexander's, Inc. (NYSE: ALX), which owns six properties in the greater New York metropolitan area, including 731 Lexington Avenue, the 1.3 million square foot Bloomberg, L.P. headquarters building; | |
Washington, DC: | |
16.1 million square feet of office space in 59 properties; | |
Seven residential properties containing 2,414 units; | |
Other Real Estate and Related Investments: | |
The 3.6 million square foot Mart in Chicago; | |
A 70% controlling interest in 555 California Street, a three-building office complex in San Francisco's financial district aggregating 1.8 million square feet, known as the Bank of America Center; | |
A 25.0% interest in Vornado Capital Partners, our real estate fund. We are the general partner and investment manager of the fund; | |
A 32.6% interest in Toys “R” Us, Inc.; and | |
Other real estate and related investments. | |
Basis_of_Presentation_and_Sign
Basis of Presentation and Significant Accounting Policies | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Basis of Presentation and Significant Accounting Policies [Abstract] | |||||||||||||||
Basis Of Presentation And Significant Accounting Policies | 2. Basis of Presentation and Significant Accounting Policies | ||||||||||||||
Basis of Presentation | |||||||||||||||
The accompanying consolidated financial statements include the accounts of Vornado and its consolidated subsidiaries, including the Operating Partnership. All inter-company amounts have been eliminated. Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America, which require us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. | |||||||||||||||
Recently Issued Accounting Literature | |||||||||||||||
In April 2014, the Financial Accounting Standards Board (“FASB”) issued an update (“ASU 2014-08”) Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity to ASC Topic 205, Presentation of Financial Statements and ASC Topic 360, Property Plant and Equipment. Under ASU 2014-08, only disposals that represent a strategic shift that has (or will have) a major effect on the entity's results and operations would qualify as discontinued operations. In addition, ASU 2014-08 expands the disclosure requirements for disposals that meet the definition of a discontinued operation and requires entities to disclose information about disposals of individually significant components that do not meet the definition of discontinued operations. ASU 2014-08 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2014. Upon adoption of this standard, individual properties sold in the ordinary course of business are not expected to qualify as discontinued operations. The financial results of our strip shopping centers and malls, which were spun off to UE on January 15, 2015, will be treated as a discontinued operation in the first quarter of 2015. | |||||||||||||||
In May 2014, the FASB issued an update ("ASU 2014-09") establishing ASC Topic 606, Revenue from Contracts with Customers. ASU 2014-09 establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most of the existing revenue recognition guidance. ASU 2014-09 requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services and also requires certain additional disclosures. ASU 2014-09 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2016. We are currently evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements. | |||||||||||||||
In June 2014, the FASB issued an update (“ASU 2014-12”) to ASC Topic 718, Compensation – Stock Compensation. ASU 2014-12 requires an entity to treat performance targets that can be met after the requisite service period of a share based award has ended, as a performance condition that affects vesting. ASU 2014-12 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2015. We are currently evaluating the impact of the adoption of ASU 2014-12 on our consolidated financial statements. | |||||||||||||||
2. Basis of Presentation and Significant Accounting Policies - continued | |||||||||||||||
Significant Accounting Policies | |||||||||||||||
Real Estate: Real estate is carried at cost, net of accumulated depreciation and amortization. Betterments, major renewals and certain costs directly related to the improvement and leasing of real estate are capitalized. Maintenance and repairs are expensed as incurred. For redevelopment of existing operating properties, the net book value of the existing property under redevelopment plus the cost for the construction and improvements incurred in connection with the redevelopment are capitalized to the extent the capitalized costs of the property do not exceed the estimated fair value of the redeveloped property when complete. If the cost of the redeveloped property, including the net book value of the existing property, exceeds the estimated fair value of redeveloped property, the excess is charged to expense. Depreciation is recognized on a straight-line basis over estimated useful lives which range from 7 to 40 years. Tenant allowances are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Additions to real estate include interest and debt expense capitalized during construction of $62,786,000 and $42,303,000 for the years ended December 31, 2014 and 2013, respectively. | |||||||||||||||
Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above and below-market leases, acquired in-place leases and tenant relationships) and acquired liabilities and we allocate the purchase price based on these assessments. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases, acquired in-place leases and tenant relationships) and acquired intangible liabilities (including below–market leases) at their estimated fair value separate and apart from goodwill. We amortize identified intangibles that have finite lives over the period they are expected to contribute directly or indirectly to the future cash flows of the property or business acquired. | |||||||||||||||
Our properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property's carrying amount over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. | |||||||||||||||
The table below summarizes impairment losses, acquisition related costs and tenant buy-outs in the years ended December 31, 2014, 2013 and 2012. | |||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, | ||||||||||||||
2014 | 2013 | 2012 | |||||||||||||
Impairment losses | $ | - | $ | 19,000 | $ | 14,538 | |||||||||
Acquisition related costs | 33,391 | 24,857 | (1) | 11,248 | |||||||||||
$ | 33,391 | $ | 43,857 | $ | 25,786 | ||||||||||
-1 | Includes a $10,949 prepayment penalty in connection with the repayment of the mortgage loan upon the acquisition of 655 Fifth Avenue. | ||||||||||||||
2. Basis of Presentation and Significant Accounting Policies – continued | |||||||||||||||
Partially Owned Entities: We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider factors such as ownership interest, board representation, management representation, authority to make decisions, and contractual and substantive participating rights of the partners/members as well as whether the entity is a variable interest entity (“VIE”) and we are the primary beneficiary. We are deemed to be the primary beneficiary of a VIE when we have (i) the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and (ii) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control a partially owned entity if the entity is not considered a VIE and the approval of all of the partners/members is contractually required with respect to major decisions, such as operating and capital budgets, the sale, exchange or other disposition of real property, the hiring of a chief executive officer, the commencement, compromise or settlement of any lawsuit, legal proceeding or arbitration or the placement of new or additional financing secured by assets of the venture. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments are initially recorded at cost and subsequently adjusted for our share of net income or loss and cash contributions and distributions each period. Investments that do not qualify for consolidation or equity method accounting are accounted for on the cost method. | |||||||||||||||
Investments in partially owned entities are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is measured based on the excess of the carrying amount of an investment over its estimated fair value. Impairment analyses are based on current plans, intended holding periods and available information at the time the analyses are prepared. In the years ended December 31, 2014, 2013 and 2012, we recognized non-cash impairment losses on investments in partially owned entities, aggregating $85,459,000, $281,098,000 and $44,936,000, respectively. Included in these amounts are $75,196,000, $240,757,000 and $40,000,000 of impairment losses related to our investment in Toys in 2014, 2013 and 2012, respectively. | |||||||||||||||
Mortgage and Mezzanine Loans Receivable: We invest in mortgage and mezzanine loans of entities that have significant real estate assets. These investments are either secured by the real property or by pledges of the equity interests of the entities owning the underlying real estate. We record these investments at the stated principal amount net of any unamortized discount or premium. We accrete or amortize any discount or premium over the life of the related receivable utilizing the effective interest method or straight-line method, if the result is not materially different. We evaluate the collectibility of both interest and principal of each of our loans whenever events or changes in circumstances indicate such amounts may not be recoverable. A loan is impaired when it is probable that we will be unable to collect all amounts due according to the existing contractual terms. When a loan is impaired, the amount of the loss accrual is calculated by comparing the carrying amount of the investment to the present value of expected future cash flows discounted at the loan's effective interest rate, or as a practical expedient, to the value of the collateral if the loan is collateral dependent. Interest on impaired loans is recognized when received in cash. Mortgage and mezzanine loans receivable are included in “other assets” on our consolidated balance sheets. | |||||||||||||||
Cash and Cash Equivalents: Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less and are carried at cost, which approximates fair value due to their short-term maturities. The majority of our cash and cash equivalents consists of (i) deposits at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit, (ii) United States Treasury Bills, and (iii) Certificate of Deposits placed through an Account Registry Service (“CDARS”). To date, we have not experienced any losses on our invested cash. | |||||||||||||||
Restricted Cash: Restricted cash consists of security deposits, cash restricted for the purposes of facilitating a Section 1031 Like-Kind exchange, cash restricted in connection with our deferred compensation plan and cash escrowed under loan agreements for debt service, real estate taxes, property insurance and capital improvements. | |||||||||||||||
2. Basis of Presentation and Significant Accounting Policies – continued | |||||||||||||||
Allowance for Doubtful Accounts: We periodically evaluate the collectibility of amounts due from tenants and maintain an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under the lease agreements. We also maintain an allowance for receivables arising from the straight-lining of rents. This receivable arises from earnings recognized in excess of amounts currently due under the lease agreements. Management exercises judgment in establishing these allowances and considers payment history and current credit status in developing these estimates. As of December 31, 2014 and 2013, we had $17,060,000 and $21,869,000, respectively, in allowances for doubtful accounts. In addition, as of December 31, 2014 and 2013, we had $3,188,000 and $4,355,000, respectively, in allowances for receivables arising from the straight-lining of rents. | |||||||||||||||
Deferred Charges: Direct financing costs are deferred and amortized over the terms of the related agreements as a component of interest expense. Direct costs related to successful leasing activities are capitalized and amortized on a straight line basis over the lives of the related leases. All other deferred charges are amortized on a straight line basis, which approximates the effective interest rate method, in accordance with the terms of the agreements to which they relate. | |||||||||||||||
Revenue Recognition: We have the following revenue sources and revenue recognition policies: | |||||||||||||||
• Base Rent — income arising from tenant leases. These rents are recognized over the non-cancelable term of the related leases on a straight-line basis which includes the effects of rent steps and rent abatements under the leases. We commence rental revenue recognition when the tenant takes possession of the leased space and the leased space is substantially ready for its intended use. In addition, in circumstances where we provide a tenant improvement allowance for improvements that are owned by the tenant, we recognize the allowance as a reduction of rental revenue on a straight-line basis over the term of the lease. | |||||||||||||||
• Percentage Rent — income arising from retail tenant leases that is contingent upon tenant sales exceeding defined thresholds. These rents are recognized only after the contingency has been removed (i.e., when tenant sales thresholds have been achieved). | |||||||||||||||
• Hotel Revenue — income arising from the operation of the Hotel Pennsylvania which consists of rooms revenue, food and beverage revenue, and banquet revenue. Income is recognized when rooms are occupied. Food and beverage and banquet revenue is recognized when the services have been rendered. | |||||||||||||||
• Trade Shows Revenue — income arising from the operation of trade shows, including rentals of booths. This revenue is recognized when the trade shows have occurred. | |||||||||||||||
• Expense Reimbursements — revenue arising from tenant leases which provide for the recovery of all or a portion of the operating expenses and real estate taxes of the respective property. This revenue is accrued in the same periods as the expenses are incurred. | |||||||||||||||
• Management, Leasing and Other Fees — income arising from contractual agreements with third parties or with partially owned entities. This revenue is recognized as the related services are performed under the respective agreements. | |||||||||||||||
• Cleveland Medical Mart — revenue arising from the development of the Cleveland Medical Mart. This revenue was recognized as the related services were performed under the respective agreements using the criteria set forth in ASC 605-25, Multiple Element Arrangements | |||||||||||||||
2. Basis of Presentation and Significant Accounting Policies – continued | |||||||||||||||
Derivative Instruments and Hedging Activities: ASC 815, Derivatives and Hedging, as amended, establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities. As of December 31, 2014 and 2013, our derivative instruments consisted of an interest rate cap and an interest rate swap. We record all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the resulting designation. Derivatives used to hedge the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives used to hedge the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. | |||||||||||||||
For derivatives designated as fair value hedges, changes in the fair value of the derivative and the hedged item related to the hedged risk are recognized in earnings. For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is initially reported in other comprehensive income (loss) (outside of earnings) and subsequently reclassified to earnings when the hedged transaction affects earnings, and the ineffective portion of changes in the fair value of the derivative is recognized directly in earnings. We assess the effectiveness of each hedging relationship by comparing the changes in fair value or cash flows of the derivative hedging instrument with the changes in fair value or cash flows of the designated hedged item or transaction. For derivatives not designated as hedges, changes in fair value are recognized in earnings. | |||||||||||||||
Income Taxes: We operate in a manner intended to enable us to continue to qualify as a REIT under Sections 856-860 of the Internal Revenue Code of 1986, as amended. Under those sections, a REIT which distributes at least 90% of its REIT taxable income as a dividend to its shareholders each year and which meets certain other conditions will not be taxed on that portion of its taxable income which is distributed to its shareholders. We distribute to our shareholders 100% of our taxable income and therefore, no provision for Federal income taxes is required. Dividends distributed for the years ended December 31, 2014 and 2013, were characterized, for federal income tax purposes, as ordinary income. Dividend distributions for the year ended December 31, 2012, were characterized, for Federal income tax purposes, as 62.7% ordinary income and 37.3% long-term capital gain. | |||||||||||||||
We have elected to treat certain consolidated subsidiaries, and may in the future elect to treat newly formed subsidiaries, as taxable REIT subsidiaries pursuant to an amendment to the Internal Revenue Code that became effective January 1, 2001. Taxable REIT subsidiaries may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to Federal and State income tax at regular corporate tax rates. Our taxable REIT subsidiaries had a combined current income tax expense of approximately $10,777,000, $9,608,000 and $20,336,000 for the years ended December 31, 2014, 2013 and 2012, respectively, and have immaterial differences between the financial reporting and tax basis of assets and liabilities. | |||||||||||||||
At December 31, 2014 and 2013, we had deferred tax assets from our taxable REIT subsidiaries of $94,100,000 and $87,800,000, respectively, against which we have recorded a full valuation allowance because we have not determined that it is more likely than not that we will realize these net operating loss carryforwards which expire in 2034. The year over year change in the valuation allowance relates to an increase in the net operating loss carryforwards. | |||||||||||||||
The following table reconciles net income attributable to common shareholders to estimated taxable income for the years ended December 31, 2014, 2013 and 2012. | |||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, | ||||||||||||||
2014 | 2013 | 2012 | |||||||||||||
Net income attributable to common shareholders | $ | 783,388 | $ | 392,034 | $ | 549,271 | |||||||||
Book to tax differences (unaudited): | |||||||||||||||
Depreciation and amortization | 219,403 | 155,401 | 205,155 | ||||||||||||
Impairment losses on marketable equity securities | - | 37,236 | 211,328 | ||||||||||||
Straight-line rent adjustments | -77,526 | -64,811 | -64,679 | ||||||||||||
Earnings of partially owned entities | 71,960 | 339,376 | -60,049 | ||||||||||||
Stock options | -9,566 | 4,884 | -28,701 | ||||||||||||
Sale of real estate | -477,061 | -324,936 | -123,905 | ||||||||||||
Derivatives | - | 31,578 | 71,228 | ||||||||||||
Other, net | 1,260 | 4,608 | 17,080 | ||||||||||||
Estimated taxable income (unaudited) | $ | 511,858 | $ | 575,370 | $ | 776,728 | |||||||||
The net basis of our assets and liabilities for tax reporting purposes is approximately $3.6 billion lower than the amounts reported in our consolidated balance sheet at December 31, 2014. | |||||||||||||||
Vornado_Capital_Partners_Real_
Vornado Capital Partners Real Estate Fund (the "Fund") | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Real Estate Fund [Abstract] | ||||||||||||||
Vornado Capital Partners Real Estate Fund (the "Fund") | 3. Vornado Capital Partners Real Estate Fund (the “Fund”) | |||||||||||||
We are the general partner and investment manager of the Fund, which has an eight-year term and a three-year investment period that ended in July 2013. During the investment period, the Fund was our exclusive investment vehicle for all investments that fit within its investment parameters, as defined. The Fund is accounted for under the AICPA Investment Company Guide and its investments are reported on its balance sheet at fair value, with changes in value each period recognized in earnings. We consolidate the accounts of the Fund into our consolidated financial statements, retaining the fair value basis of accounting. | ||||||||||||||
On June 26, 2014, the Fund sold its 64.7% interest in One Park Avenue to a newly formed joint venture that we and an institutional investor own 55% and 45%, respectively (see Note 6 - Investments in Partially Owned Entities - One Park Avenue). This transaction was based on a property value of $560,000,000. From the inception of this investment through its disposition, the Fund realized a $75,529,000 net gain. | ||||||||||||||
On August 21, 2014, the Fund and its 50% joint venture partner completed the sale of The Shops at Georgetown Park, a 305,000 square foot retail property, for $272,500,000. From the inception of this investment through its disposition, the Fund realized a $51,124,000 net gain. | ||||||||||||||
On January 20, 2015, we co-invested with the Fund and one of the Fund's limited partners to buy out the Fund's joint venture partner's 57% interest in the Crowne Plaza Times Square Hotel. The purchase price for the 57% interest was approximately $95,000,000 (our share $39,000,000) which valued the property at approximately $480,000,000. The property is encumbered by a newly placed $310,000,000 mortgage loan bearing interest at LIBOR plus 2.80% and maturing in December 2018 with a one-year extension option. Our aggregate ownership interest in the property increased to 33% from 11%. | ||||||||||||||
At December 31, 2014, the Fund had seven investments with an aggregate fair value of $513,973,000, or $176,899,000 in excess of cost, and had remaining unfunded commitments of $144,123,000, of which our share was $36,031,000. At December 31, 2013, the Fund had nine investments with an aggregate fair value of $667,710,000. | ||||||||||||||
Below is a summary of income from the Fund for the years ended December 31, 2014, 2013 and 2012: | ||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | ||||||||||||
Net investment income | $ | 12,895 | $ | 8,943 | $ | 8,575 | ||||||||
Net realized gains | 76,337 | 8,184 | - | |||||||||||
Net unrealized gains | 73,802 | 85,771 | 55,361 | |||||||||||
Income from Real Estate Fund | 163,034 | 102,898 | 63,936 | |||||||||||
Less income attributable to noncontrolling interests | -92,728 | -53,427 | -39,332 | |||||||||||
Income from Real Estate Fund attributable to Vornado (1) | $ | 70,306 | $ | 49,471 | $ | 24,604 | ||||||||
-1 | Excludes $2,865, $2,992, and $3,278 of management and leasing fees in the years ended December 31, 2014, 2013 and 2012, respectively, which are included as a component of "fee and other income" on our consolidated statements of income. | |||||||||||||
Acquisitions
Acquisitions | 12 Months Ended |
Dec. 31, 2014 | |
Business Combinations [Abstract] | |
Acquisitions | 4. Acquisitions |
On August 1, 2014, we acquired the land under our 715 Lexington Avenue retail property located on the Southeast corner of 58th Street and Lexington Avenue in Manhattan, for $63,000,000. | |
On October 28, 2014, we completed the purchase of the retail condominium of the St. Regis Hotel for $700,000,000. We own a 74.3% controlling interest of the joint venture which owns the property. The acquisition was used in a like-kind exchange for income tax purposes for the sale of 1740 Broadway (see Note 8 – Dispositions). We consolidate the accounts of the venture into our consolidated financial statements from the date of acquisition. | |
On November 21, 2014, we entered into an agreement to acquire the Center Building, an eight story 437,000 square foot office building, located at 33-00 Northern Boulevard in Long Island City, New York. The building is 98% leased. The purchase price is approximately $142,000,000, including the assumption of an existing $62,000,000 4.43% mortgage maturing in October 2018. The purchase is expected to close in the first quarter of 2015, subject to customary closing conditions. As of December 31, 2014, our $14,200,000 non-refundable deposit was included in “other assets” on our consolidated balance sheet. | |
On January 20, 2015, we co-invested with our 25% owned Fund and one of the Fund's limited partners to acquire the Fund's joint venture partner's 57% interest in the Crowne Plaza Times Square Hotel (see Note 3 – Vornado Capital Partners Real Estate Fund). |
Marketable_Securities_and_Deri
Marketable Securities and Derivative Instruments | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Derivative Instruments and Marketable Securities [Abstract] | |||||||||||||||||||||
Derivative Instrument and Marketable Securities | 5. Marketable Securities and Derivative Instruments | ||||||||||||||||||||
Our portfolio of marketable securities is comprised of equity securities that are classified as available-for-sale. Available-for-sale securities are presented on our consolidated balance sheets at fair value. Unrealized gains and losses resulting from the mark-to-market of these securities are included in “other comprehensive income (loss).” Realized gains and losses are recognized in earnings only upon the sale of the securities and are recorded based on the weighted average cost of such securities. | |||||||||||||||||||||
We evaluate our portfolio of marketable securities for impairment each reporting period. For each of the securities in our portfolio with unrealized losses, we review the underlying cause of the decline in value and the estimated recovery period, as well as the severity and duration of the decline. In our evaluation, we consider our ability and intent to hold these investments for a reasonable period of time sufficient for us to recover our cost basis. We also evaluate the near-term prospects for each of these investments in relation to the severity and duration of the decline. | |||||||||||||||||||||
Below is a summary of our marketable securities portfolio as of December 31, 2014 and 2013. | |||||||||||||||||||||
As of December 31, 2014 | As of December 31, 2013 | ||||||||||||||||||||
GAAP | Unrealized | GAAP | Unrealized | ||||||||||||||||||
Fair Value | Cost | Gain | Fair Value | Cost | Gain | ||||||||||||||||
Equity securities: | |||||||||||||||||||||
Lexington Realty Trust | $ | 202,789 | $ | 72,549 | $ | 130,240 | $ | 188,567 | $ | 72,549 | $ | 116,018 | |||||||||
Other | 3,534 | - | 3,534 | 3,350 | 59 | 3,291 | |||||||||||||||
$ | 206,323 | $ | 72,549 | $ | 133,774 | $ | 191,917 | $ | 72,608 | $ | 119,309 | ||||||||||
Investment in Lexington Realty Trust (“Lexington”) (NYSE: LXP) | |||||||||||||||||||||
From the inception of our investment in Lexington in 2008, until the first quarter of 2013, we accounted for our investment under the equity method because of our ability to exercise significant influence over Lexington's operating and financial policies. As a result of Lexington's common share issuances, our ownership interest was reduced over time from approximately 17.2% to 8.8% at March 31, 2013. In the first quarter of 2013, we concluded that we no longer have the ability to exercise significant influence over Lexington's operating and financial policies, and began accounting for this investment as a marketable equity security – available for sale, in accordance with ASC Topic 320, Investments – Debt and Equity Securities. | |||||||||||||||||||||
Investment in J.C. Penney Company, Inc. (“J.C. Penney”) (NYSE: JCP) | |||||||||||||||||||||
In the first quarter of 2013, we wrote down 8,584,010 J.C. Penney common shares we owned to fair value, based on J.C. Penney's March 31, 2013 closing share price of $15.11 per share, and recorded a $39,487,000 impairment loss. On September 19, 2013, we settled a forward contract and received 4,815,990 J.C. Penney common shares. In connection therewith, we recognized a $33,487,000 loss from the mark-to-market of the derivative position through its settlement date. These losses are included in “interest and other investment income (loss), net” on our consolidated statements of income. | |||||||||||||||||||||
In March 2013 and September 2013, we sold an aggregate of 23,400,000 J.C. Penney common shares at a price of $14.29 per share, or $334,500,000, resulting in a net loss of $54,914,000. The net losses resulting from these sales are included in “net gain on disposition of wholly owned and partially owned assets” on our consolidated statements of income. | |||||||||||||||||||||
Other Investments | |||||||||||||||||||||
During 2013 and 2012, we sold other marketable securities for aggregate proceeds of $44,209,000 and $58,718,000, respectively, resulting in net gains of $31,741,000 and $3,582,000, respectively, which are included as a component of “net gain on disposition of wholly owned and partially owned assets” on our consolidated statements of income. |
Investments_in_Partially_Owned
Investments in Partially Owned Entities | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ||||||||||||||||||
Investments in Partially Owned Entities | 6. Investments in Partially Owned Entities | |||||||||||||||||
Toys “R” Us (“Toys”) | ||||||||||||||||||
As of December 31, 2014, we own 32.6% of Toys. We account for our investment in Toys under the equity method and record our share of Toys' net income or loss on a one-quarter lag basis because Toys' fiscal year ends on the Saturday nearest January 31, and our fiscal year ends on December 31. The business of Toys is highly seasonal and substantially all of Toys' net income is generated in its fourth quarter. | ||||||||||||||||||
We have not guaranteed any of Toys' obligations and are not committed to provide any support to Toys. Pursuant to ASC 323-10-35-20, we discontinued applying the equity method for our Toys' investment when the carrying amount was reduced to zero in the third quarter of 2014. We will resume application of the equity method if during the period the equity method was suspended our share of unrecognized net income exceeds our share of unrecognized net losses. | ||||||||||||||||||
In the first quarter of 2013, we recognized our share of Toys' fourth quarter net income of $78,542,000 and a corresponding non-cash impairment loss of the same amount to continue to carry our investment at fair value. | ||||||||||||||||||
At December 31, 2013, we estimated that the fair value of our investment in Toys was approximately $80,062,000 ($83,224,000 including $3,162,000 for our share of Toys' accumulated other comprehensive income), or $162,215,000 less than the carrying amount after recognizing our share of Toys' third quarter net loss in our fourth quarter. In determining the fair value of our investment, we considered, among other inputs, a December 31, 2013 third-party valuation of Toys. As of December 31, 2013, we have concluded that the decline in the value of our investment was “other-than-temporary” based on, among other factors, Toys' 2013 holiday sales results, compression of earnings multiples of comparable retailers and our inability to forecast a recovery in the near term. Accordingly, we recognized an additional non-cash impairment loss of $162,215,000 in the fourth quarter of 2013. | ||||||||||||||||||
In the first quarter of 2014, we recognized our share of Toys' fourth quarter net income of $75,196,000 and a corresponding non-cash impairment loss of the same amount to continue to carry our investment at fair value. | ||||||||||||||||||
Below is a summary of Toys' latest available financial information on a purchase accounting basis: | ||||||||||||||||||
(Amounts in thousands) | Balance as of | |||||||||||||||||
Balance Sheet: | 1-Nov-14 | 2-Nov-13 | ||||||||||||||||
Assets | $ | 11,267,000 | $ | 11,756,000 | ||||||||||||||
Liabilities | 10,377,000 | 10,437,000 | ||||||||||||||||
Noncontrolling interests | 82,000 | 75,000 | ||||||||||||||||
Toys “R” Us, Inc. equity (1) | 808,000 | 1,244,000 | ||||||||||||||||
For the Twelve Months Ended | ||||||||||||||||||
Income Statement: | 1-Nov-14 | 2-Nov-13 | 27-Oct-12 | |||||||||||||||
Total revenues | $ | 12,645,000 | $ | 13,046,000 | $ | 13,698,000 | ||||||||||||
Net (loss) income attributable to Toys | -343,000 | -396,000 | 138,000 | |||||||||||||||
-1 | At December 31, 2014, the carrying amount of our investment in Toys is less than our share of Toys' equity by approximately $263,455. This basis difference results primarily from non-cash impairment losses aggregating $355,953 that we have recognized through December 31, 2014. We have allocated the basis difference primarily to Toys' real estate, which is being amortized over its remaining estimated useful life. | |||||||||||||||||
Alexander's, Inc. (“Alexander's”) (NYSE: ALX) | ||||||||||||||||||
As of December 31, 2014, we own 1,654,068 Alexander's common shares, or approximately 32.4% of Alexander's common equity. We manage, lease and develop Alexander's properties pursuant to agreements which expire in March of each year and are automatically renewable. | ||||||||||||||||||
6. Investments in Partially Owned Entities – continued | ||||||||||||||||||
Alexander's, Inc. (“Alexander's”) (NYSE: ALX) - continued | ||||||||||||||||||
As of December 31, 2014 the market value (“fair value” pursuant to ASC 820) of our investment in Alexander's, based on Alexander's December 31, 2014 closing share price of $437.18, was $723,125,000, or $591,509,000 in excess of the carrying amount on our consolidated balance sheet. As of December 31, 2014, the carrying amount of our investment in Alexander's, excluding amounts owed to us, exceeds our share of the equity in the net assets of Alexander's by approximately $42,048,000. The majority of this basis difference resulted from the excess of our purchase price for the Alexander's common stock acquired over the book value of Alexander's net assets. Substantially all of this basis difference was allocated, based on our estimates of the fair values of Alexander's assets and liabilities, to real estate (land and buildings). We are amortizing the basis difference related to the buildings into earnings as additional depreciation expense over their estimated useful lives. This depreciation is not material to our share of equity in Alexander's net income. The basis difference related to the land will be recognized upon disposition of our investment. | ||||||||||||||||||
Management, Leasing and Development Agreements | ||||||||||||||||||
We receive an annual fee for managing Alexander's and all of its properties equal to the sum of (i) $2,800,000, (ii) 2% of the gross revenue from the Rego Park II Shopping Center, (iii) $0.50 per square foot of the tenant-occupied office and retail space at 731 Lexington Avenue, and (iv) $280,000, escalating at 3% per annum, for managing the common area of 731 Lexington Avenue. In addition, we are entitled to a development fee of 6% of development costs, as defined. | ||||||||||||||||||
We provide Alexander's with leasing services for a fee of 3% of rent for the first ten years of a lease term, 2% of rent for the eleventh through twentieth year of a lease term and 1% of rent for the twenty-first through thirtieth year of a lease term, subject to the payment of rents by Alexander's tenants. In the event third-party real estate brokers are used, our fee increases by 1% and we are responsible for the fees to the third-parties. We are also entitled to a commission upon the sale of any of Alexander's assets equal to 3% of gross proceeds, as defined, for asset sales less than $50,000,000, and 1% of gross proceeds, as defined, for asset sales of $50,000,000 or more. The total of these amounts was payable to us in annual installments in an amount not to exceed $4,000,000 with interest on the unpaid balance at one-year LIBOR plus 1.0% (1.58% at December 31, 2014). | ||||||||||||||||||
On December 22, 2014, the leasing agreements with Alexander's were amended to eliminate the annual installment cap of $4,000,000. In addition, Alexander's repaid to us the outstanding balance of $40,353,000. | ||||||||||||||||||
On January 15, 2015, we completed the spin-off of 79 strip shopping centers, three malls, a warehouse park and $225,000,000 of cash to UE and the transfer of all of the employees responsible for the management and leasing of those assets. In addition, we entered into agreements with UE to provide management and leasing services, on our behalf, for Alexander's Rego Park retail assets. Fees for these services are similar to the fees we are receiving from Alexander's described above. | ||||||||||||||||||
Other Agreements | ||||||||||||||||||
Building Maintenance Services (“BMS”), our wholly-owned subsidiary, supervises (i) cleaning, engineering and security services at Alexander's 731 Lexington Avenue property and (ii) security services at Alexander's Rego Park I and Rego Park II properties, for an annual fee of the costs for such services plus 6%. During the years ended December 31, 2014, 2013 and 2012, we recognized $2,318,000, $2,036,000 and $2,362,000 of income, respectively, under these agreements. | ||||||||||||||||||
Below is a summary of Alexander's latest available financial information: | ||||||||||||||||||
(Amounts in thousands) | Balance as of December 31, | |||||||||||||||||
Balance Sheet: | 2014 | 2013 | ||||||||||||||||
Assets | $ | 1,423,000 | $ | 1,458,000 | ||||||||||||||
Liabilities | 1,075,000 | 1,124,000 | ||||||||||||||||
Stockholders' equity | 348,000 | 334,000 | ||||||||||||||||
For the Year Ended December 31, | ||||||||||||||||||
Income Statement: | 2014 | 2013 | 2012 | |||||||||||||||
Total revenues | $ | 201,000 | $ | 196,000 | $ | 191,000 | ||||||||||||
Net income attributable to Alexander’s (1) | 68,000 | 57,000 | 674,000 | |||||||||||||||
-1 | 2012 includes a $600,000 net gain on sale of real estate. | |||||||||||||||||
6. Investments in Partially Owned Entities – continued | ||||||||||||||||||
LNR Property LLC (“LNR”) | ||||||||||||||||||
In January 2013, we and the other equity holders of LNR entered into a definitive agreement to sell LNR for $1.053 billion, of which our share of the net proceeds was $240,474,000. The definitive agreement provided that LNR would not (i) make any cash distributions to the equity holders, including us, through the completion of the sale, which occurred on April 19, 2013, and (ii) take any of the following actions (among others) without the purchaser's approval, the lending or advancing of any money, the acquisition of assets in excess of specified amounts, or the issuance of equity interests. Notwithstanding the terms of the definitive agreement, in accordance with GAAP, we recorded our pro rata share of LNR's earnings on a one-quarter lag basis through the date of sale, which increased the carrying amount of our investment in LNR above our share of the net sales proceeds and resulted in us recognizing a $27,231,000 “other-than-temporary” impairment loss on our investment in the three months ended March 31, 2013. | ||||||||||||||||||
One Park Avenue | ||||||||||||||||||
On June 26, 2014, we invested an additional $22,700,000 to increase our ownership in One Park Avenue to 55.0% from 46.5% through a joint venture with an institutional investor, who increased its ownership interest to 45.0% (see Note 3 – Vornado Capital Partners Real Estate Fund). The transaction was based on a property value of $560,000,000. The property is encumbered by a $250,000,000 interest-only mortgage loan that bears interest at 4.995% and matures in March 2016. We account for our investment in the joint venture under the equity method because we share control over major decisions with our joint venture partner. | ||||||||||||||||||
61 Ninth Avenue | ||||||||||||||||||
On July 23, 2014, a joint venture in which we are a 50.1% partner entered into a 99-year ground lease for 61 Ninth Avenue located on the Southwest corner of Ninth Avenue and 15th Street in Manhattan. The venture's current plans are to construct an office building, with retail at the base, of approximately 130,000 square feet. Total development costs are currently estimated to be approximately $125,000,000. We account for our investment in the joint venture under the equity method because we share control over major decisions with our joint venture partner. | ||||||||||||||||||
The following is a summary of condensed combined financial information for all of our partially owned entities, including Toys, Alexander's and LNR (sold in April 2013), as of December 31, 2014 and 2013 and for the years ended December 31, 2014, 2013 and 2012. | ||||||||||||||||||
(Amounts in thousands) | Balance as of December 31, | |||||||||||||||||
Balance Sheet: | 2014 | 2013 | ||||||||||||||||
Assets | $ | 21,389,000 | $ | 21,773,000 | ||||||||||||||
Liabilities | 17,986,000 | 17,982,000 | ||||||||||||||||
Noncontrolling interests | 104,000 | 96,000 | ||||||||||||||||
Equity | 3,299,000 | 3,695,000 | ||||||||||||||||
For the Year Ended December 31, | ||||||||||||||||||
Income Statement: | 2014 | 2013 | 2012 | |||||||||||||||
Total revenue | $ | 13,620,000 | $ | 14,092,000 | $ | 15,119,000 | ||||||||||||
Net (loss) income(1) | -434,000 | -368,000 | 1,091,000 | |||||||||||||||
-1 | 2012 includes a $600,000 net gain on sale of real estate. | |||||||||||||||||
6. Investments in Partially Owned Entities - continued | ||||||||||||||||||
Below are schedules summarizing our investments in, and income from, partially owned entities. | ||||||||||||||||||
Percentage | ||||||||||||||||||
(Amounts in thousands) | Ownership at | As of December 31, | ||||||||||||||||
Investments: | 31-Dec-14 | 2014 | 2013 | |||||||||||||||
Toys | 32.60% | $ | - | $ | 83,224 | |||||||||||||
Alexander’s | 32.40% | $ | 131,616 | $ | 167,785 | |||||||||||||
India real estate ventures | 4.1%-36.5% | 76,752 | 88,467 | |||||||||||||||
Partially owned office buildings (1) | Various | 760,749 | 621,294 | |||||||||||||||
Other investments (2) | Various | 277,379 | 288,897 | |||||||||||||||
$ | 1,246,496 | $ | 1,166,443 | |||||||||||||||
______________________________________________________ | ||||||||||||||||||
-1 | Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others. | |||||||||||||||||
-2 | Includes interests in Independence Plaza, Monmouth Mall, 85 Tenth Avenue, Fashion Center Mall, 50-70 West 93rd Street and others. | |||||||||||||||||
Percentage | ||||||||||||||||||
(Amounts in thousands) | Ownership at | For the Year Ended December 31, | ||||||||||||||||
Our Share of Net (Loss) Income: | 31-Dec-14 | 2014 | 2013 | 2012 | ||||||||||||||
Toys: | ||||||||||||||||||
Equity in net (loss) earnings | 32.60% | $ | -4,691 | $ | -128,919 | $ | 45,267 | |||||||||||
Non-cash impairment losses (see page 113 for details) | -75,196 | -240,757 | -40,000 | |||||||||||||||
Management fees | 6,331 | 7,299 | 9,592 | |||||||||||||||
$ | -73,556 | $ | -362,377 | $ | 14,859 | |||||||||||||
Alexander's: | ||||||||||||||||||
Equity in net income | 32.40% | $ | 21,287 | $ | 17,721 | $ | 24,709 | |||||||||||
Management, leasing and development fees | 8,722 | 6,681 | 13,748 | |||||||||||||||
Net gain on sale of real estate | - | - | 179,934 | |||||||||||||||
30,009 | 24,402 | 218,391 | ||||||||||||||||
India real estate ventures (1) | 4.1%-36.5% | -8,309 | -3,533 | -5,008 | ||||||||||||||
Partially owned office buildings (2) | Various | 93 | -4,212 | -3,770 | ||||||||||||||
Other investments (3) | Various | -6,368 | -10,817 | 103,644 | ||||||||||||||
LNR (see page 115 for details): | ||||||||||||||||||
Equity in net income | n/a | - | 42,186 | 66,270 | ||||||||||||||
Impairment loss | - | -27,231 | - | |||||||||||||||
Net gain on sale | - | 3,776 | - | |||||||||||||||
- | 18,731 | 66,270 | ||||||||||||||||
Lexington (see page 112 for details): (4) | n/a | |||||||||||||||||
Equity in net loss | - | -979 | -23 | |||||||||||||||
Net gain resulting from Lexington's stock issuance and asset | ||||||||||||||||||
acquisition | - | - | 28,763 | |||||||||||||||
- | -979 | 28,740 | ||||||||||||||||
$ | 15,425 | $ | 23,592 | $ | 408,267 | |||||||||||||
______________________________________________________ | ||||||||||||||||||
-1 | Includes a $5,771 non-cash impairment loss in 2014. | |||||||||||||||||
-2 | Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others. | |||||||||||||||||
-3 | Includes interests in Independence Plaza, Monmouth Mall, 85 Tenth Avenue, Fashion Center Mall, 50-70 West 93rd Street and others. In the third quarter of 2014, we recognized a $10,263 non-cash charge, comprised of a $5,959 impairment loss and a $4,304 loan loss reserve, on our equity and debt investments in Suffolk Downs. | |||||||||||||||||
-4 | In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale. | |||||||||||||||||
6. Investments in Partially Owned Entities - continued | ||||||||||||||||||
Below is a summary of the debt of our partially owned entities as of December 31, 2014 and 2013, none of which is recourse to us. | ||||||||||||||||||
Percentage | Interest | |||||||||||||||||
Ownership at | Rate at | 100% Partially Owned Entities’ | ||||||||||||||||
(Amounts in thousands) | December 31, | December 31, | Debt at December 31, | |||||||||||||||
2014 | Maturity | 2014 | 2014 | 2013 | ||||||||||||||
Toys: | ||||||||||||||||||
Notes, loans and mortgages payable | 32.60% | 2015-2021 | 7.23% | $ | 5,748,350 | $ | 5,702,247 | |||||||||||
Alexander's: | ||||||||||||||||||
Mortgages payable | 32.40% | 2015-2021 | 2.59% | $ | 1,032,780 | $ | 1,049,959 | |||||||||||
Partially owned office buildings(1): | ||||||||||||||||||
Mortgages payable | Various | 2015-2023 | 5.59% | $ | 3,691,274 | $ | 3,622,759 | |||||||||||
India Real Estate Ventures: | ||||||||||||||||||
TCG Urban Infrastructure Holdings mortgages | ||||||||||||||||||
payable | 25.00% | 2015-2026 | 13.25% | $ | 183,541 | $ | 199,021 | |||||||||||
Other(2): | ||||||||||||||||||
Mortgages payable | Various | 2015-2023 | 4.33% | $ | 1,480,485 | $ | 1,709,509 | |||||||||||
-1 | Includes 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others. | |||||||||||||||||
-2 | Includes Independence Plaza, Monmouth Mall, Fashion Center Mall, 50-70 West 93rd Street and others. | |||||||||||||||||
Based on our ownership interest in the partially owned entities above, our pro rata share of the debt of these partially owned entities, was $4,273,632,000 and $4,189,403,000 as of December 31, 2014 and 2013, respectively. |
Mortgage_and_Mezzanine_Loans_R
Mortgage and Mezzanine Loans Receivable | 12 Months Ended |
Dec. 31, 2014 | |
Mezzanine Loans Receivable [Abstract] | |
Mortgage and Mezzanine Loans Receivable | 7. Mortgage and Mezzanine Loans Receivable |
In October 2012, we acquired a 25% participation in a $475,000,000 first mortgage and mezzanine loan for the acquisition and redevelopment of a 10-story retail building at 701 Seventh Avenue in Times Square. The loan had an interest rate of LIBOR plus 10.2%, with a LIBOR floor of 1.0%. Of the $475,000,000, we funded $93,750,000, representing our 25% share of the $375,000,000 that was funded at acquisition. In March 2013, we transferred at par, the 25% participation in the mortgage loan. The transfer did not qualify for sale accounting given our continuing interest in the mezzanine loan. Accordingly, we continued to include the 25% participation in the mortgage loan in “other assets” and recorded a $59,375,000 liability in “other liabilities” on our consolidated balance sheet as of December 31, 2013. On January 14, 2014, the mortgage and mezzanine loans were repaid; accordingly, the $59,375,000 asset and liability were eliminated. | |
On April 17, 2013, a $50,091,000 mezzanine loan that was scheduled to mature in August 2015, was repaid. In connection therewith, we received net proceeds of $55,358,000, including prepayment penalties, which resulted in income of $5,267,000, which is included in “interest and other investment income (loss), net” on our consolidated statement of income. | |
In March 2014, a $30,000,000 mezzanine loan that was scheduled to mature in January 2015 was repaid. In May 2014, a $25,000,000 mezzanine loan that was scheduled to mature in November 2014 was repaid. | |
As of December 31, 2014 and 2013, the carrying amounts of mortgage and mezzanine loans receivable were $16,748,000 and $170,972,000, respectively, net of an allowance of $5,811,000 and $5,845,000, respectively, and are included in “other assets” on our consolidated balance sheets. These loans have a weighted average interest rate of 9.1% and 11.0% at December 31, 2014 and 2013, respectively and have maturities ranging from April 2015 to May 2016. |
Dispositions
Dispositions | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ||||||||||||||||
Discontinued Operations | 8. Dispositions | |||||||||||||||
Discontinued Operations | ||||||||||||||||
2014 Activity: | ||||||||||||||||
New York | ||||||||||||||||
On December 18, 2014, we completed the sale of 1740 Broadway, a 601,000 square foot office building in Manhattan for $605,000,000. The sale resulted in net proceeds of approximately $580,000,000, after closing costs, and resulted in a financial statement gain of approximately $441,000,000. The tax gain of approximately $484,000,000, was deferred in like-kind exchanges, primarily for the acquisition of the St. Regis Fifth Avenue retail (see Note 4 – Acquisitions). | ||||||||||||||||
Retail Properties | ||||||||||||||||
On February 24, 2014, we completed the sale of Broadway Mall in Hicksville, Long Island, New York, for $94,000,000. The sale resulted in net proceeds of $92,174,000 after closing costs. | ||||||||||||||||
On March 2, 2014, we entered into an agreement to transfer upon completion, the redeveloped Springfield Town Center, a 1,350,000 square foot mall located in Springfield, Fairfax County, Virginia, to Pennsylvania Real Estate Investment Trust (NYSE: PEI) (“PREIT”) in exchange for $465,000,000 comprised of $340,000,000 of cash and $125,000,000 of PREIT operating partnership units. In connection therewith, we recorded a non-cash impairment loss of $20,000,000 in the first quarter of 2014, which is included in “income from discontinued operations” on our consolidated statements of income. The redevelopment was substantially completed in October 2014, at which time we reclassified the assets, liabilities and financial results to discontinued operations, and the transfer of the property to PREIT is expected to be completed no later than March 31, 2015. | ||||||||||||||||
On July 8, 2014, we completed the sale of Beverly Connection, a 335,000 square foot power shopping center in Los Angeles, California, for $260,000,000, of which $239,000,000 was cash and $21,000,000 was 10-year mezzanine seller financing. The sale resulted in a net gain of $44,155,000, which was recognized in the third quarter of 2014. | ||||||||||||||||
In addition to the above, during 2014, we sold six of the 22 strip shopping centers which did not fit UE's strategy (see Note 1 – Organization and Business), in separate transactions, for an aggregate of $66,410,000 in cash, which resulted in a net gain aggregating $22,500,000. | ||||||||||||||||
2013 Activity: | ||||||||||||||||
New York | ||||||||||||||||
On December 17, 2013, we sold 866 United Nations Plaza, a 360,000 square foot office building in Manhattan for $200,000,000. The sale resulted in net proceeds of $146,439,000 after repaying the existing loan and closing costs, and a net gain of $127,512,000. | ||||||||||||||||
Retail Properties | ||||||||||||||||
On January 24, 2013, we sold the Green Acres Mall located in Valley Stream, New York, for $500,000,000. The sale resulted in net proceeds of $185,000,000 after repaying the existing loan and closing costs, and a net gain of $202,275,000. | ||||||||||||||||
On April 15, 2013, we sold The Plant, a power strip shopping center in San Jose, California, for $203,000,000. The sale resulted in net proceeds of $98,000,000 after repaying the existing loan and closing costs, and a net gain of $32,169,000. | ||||||||||||||||
On April 15, 2013, we sold a retail property in Philadelphia, which is a part of the Gallery at Market Street, for $60,000,000. The sale resulted in net proceeds of $58,000,000, and a net gain of $33,058,000. | ||||||||||||||||
On September 23, 2013, we sold a retail property in Tampa, Florida for $45,000,000, of which our 75% share was $33,750,000. Our share of the net proceeds after repaying the existing loan and closing costs were $20,810,000, and our share of the net gain was $8,728,000. | ||||||||||||||||
In addition to the above, during 2013, we sold 12 other properties, in separate transactions, for an aggregate of $82,300,000, in cash, which resulted in a net gain aggregating $7,851,000. | ||||||||||||||||
8. Dispositions - continued | ||||||||||||||||
2012 Activity: | ||||||||||||||||
Washington, DC | ||||||||||||||||
On July 26, 2012, we sold 409 Third Street S.W., a 409,000 square foot office building in Washington, DC, for $200,000,000, which resulted in a net gain of $126,621,000. | ||||||||||||||||
On November 7, 2012, we sold three office buildings (“Reston Executive”) located in suburban Fairfax County, Virginia, containing 494,000 square feet for $126,250,000, which resulted in a net gain of $36,746,000. | ||||||||||||||||
Merchandise Mart | ||||||||||||||||
On January 6, 2012, we sold the 350 West Mart Center, a 1.2 million square foot office building in Chicago, Illinois, for $228,000,000, which resulted in a net gain of $54,911,000. | ||||||||||||||||
On June 22, 2012, we sold the L.A. Mart, a 784,000 square foot showroom building in Los Angeles, California, for $53,000,000, of which $18,000,000 was cash and $35,000,000 was nine-month seller financing at 6.0%, which was paid on December 28, 2012. | ||||||||||||||||
On July 26, 2012, we sold the Washington Design Center, a 393,000 square foot showroom building in Washington, DC and the Canadian Trade Shows, for an aggregate of $103,000,000. The sale of the Canadian Trade Shows resulted in an after-tax net gain of $19,657,000. | ||||||||||||||||
On December 31, 2012, we sold the Boston Design Center, a 554,000 square foot showroom building in Boston, Massachusetts, for $72,400,000, which resulted in a net gain of $5,252,000. | ||||||||||||||||
Retail Properties | ||||||||||||||||
In 2012, we sold 12 other properties in separate transactions, for an aggregate of $157,000,000, which resulted in a net gain aggregating $22,266,000. | ||||||||||||||||
In accordance with the provisions of ASC 360, Property, Plant, and Equipment, we have reclassified the revenues and expenses of all of the properties discussed above to “income from discontinued operations” and the related assets and liabilities to “assets related to discontinued operations” and “liabilities related to discontinued operations” for all of the periods presented in the accompanying financial statements. The net gains resulting from the sale of these properties are included in “income from discontinued operations” on our consolidated statements of income. The tables below set forth the assets and liabilities related to discontinued operations at December 31, 2014 and 2013, and their combined results of operations for the years ended December 31, 2014, 2013 and 2012. | ||||||||||||||||
Assets Related to | Liabilities Related to | |||||||||||||||
(Amounts in thousands) | Discontinued Operations as of | Discontinued Operations as of | ||||||||||||||
December 31, | December 31, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Retail | $ | 477,620 | $ | 735,888 | $ | 211 | $ | 14,709 | ||||||||
New York | - | 138,162 | - | - | ||||||||||||
Total | $ | 477,620 | $ | 874,050 | $ | 211 | $ | 14,709 | ||||||||
(Amounts in thousands) | For the Year Ended December 31, | |||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||
Total revenues | $ | 70,593 | $ | 129,860 | $ | 264,878 | ||||||||||
Total expenses | 36,424 | 79,458 | 190,450 | |||||||||||||
34,169 | 50,402 | 74,428 | ||||||||||||||
Net gains on sales of real estate | 507,192 | 414,502 | 245,799 | |||||||||||||
Impairment losses | -26,518 | -18,170 | -119,439 | |||||||||||||
Gain on sale of Canadian Trade Shows, net of $11,448 of income taxes | - | - | 19,657 | |||||||||||||
Income from discontinued operations | $ | 514,843 | $ | 446,734 | $ | 220,445 |
Identified_Intangible_Assets_a
Identified Intangible Assets and Liabilities | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Identified Intangible Assets and Liabilities [Abstract] | ||||||||
Identified Intangible Assets and Intangible Liabilities | 9. Identified Intangible Assets and Liabilities | |||||||
The following summarizes our identified intangible assets (primarily acquired above-market leases) and liabilities (primarily acquired below-market leases) as of December 31, 2014 and 2013. | ||||||||
Balance as of December 31, | ||||||||
(Amounts in thousands) | 2014 | 2013 | ||||||
Identified intangible assets: | ||||||||
Gross amount | $ | 502,080 | $ | 583,862 | ||||
Accumulated amortization | -225,841 | -276,426 | ||||||
Net | $ | 276,239 | $ | 307,436 | ||||
Identified intangible liabilities (included in deferred revenue): | ||||||||
Gross amount | $ | 885,763 | $ | 855,860 | ||||
Accumulated amortization | -396,895 | -359,371 | ||||||
Net | $ | 488,868 | $ | 496,489 | ||||
Amortization of acquired below-market leases, net of acquired above-market leases resulted in an increase to rental income of $46,277,000, $50,128,000 and $51,271,000 for the years ended December 31, 2014, 2013 and 2012, respectively. Estimated annual amortization of acquired below-market leases, net of acquired above-market leases for each of the five succeeding years commencing January 1, 2015 is as follows: | ||||||||
(Amounts in thousands) | ||||||||
2015 | $ | 57,202 | ||||||
2016 | 45,333 | |||||||
2017 | 42,457 | |||||||
2018 | 41,311 | |||||||
2019 | 30,950 | |||||||
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $29,870,000, $64,196,000 and $49,442,000 for the years ended December 31, 2014, 2013 and 2012, respectively. Estimated annual amortization of all other identified intangible assets including acquired in-place leases, customer relationships, and third party contracts for each of the five succeeding years commencing January 1, 2015 is as follows: | ||||||||
(Amounts in thousands) | ||||||||
2015 | $ | 27,210 | ||||||
2016 | 21,437 | |||||||
2017 | 17,859 | |||||||
2018 | 13,533 | |||||||
2019 | 11,553 | |||||||
We are a tenant under ground leases at certain properties. Amortization of these acquired below-market leases, net of above-market leases resulted in an increase to rent expense of $3,363,000, $4,290,000 and $1,261,000 for the years ended December 31, 2014, 2013 and 2012, respectively. Estimated annual amortization of these below-market leases, net of above-market leases for each of the five succeeding years commencing January 1, 2015 is as follows: | ||||||||
(Amounts in thousands) | ||||||||
2015 | $ | 3,363 | ||||||
2016 | 3,363 | |||||||
2017 | 3,363 | |||||||
2018 | 3,363 | |||||||
2019 | 3,363 |
Debt
Debt | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||
Debt | 10. Debt | ||||||||||||||
Secured Debt | |||||||||||||||
On January 31, 2014, we completed a $600,000,000 loan secured by our 220 Central Park South development site. The loan bears interest at LIBOR plus 2.75% (2.92% at December 31, 2014) and matures in January 2016, with three one-year extension options. | |||||||||||||||
On April 16, 2014, we completed a $350,000,000 refinancing of 909 Third Avenue, a 1.3 million square foot Manhattan office building. The seven-year interest only loan bears interest at 3.91% and matures in May 2021. We realized net proceeds of approximately $145,000,000 after defeasing the existing 5.64%, $193,000,000 mortgage, defeasance cost and other closing costs. | |||||||||||||||
On July 16, 2014, we completed a $130,000,000 financing of Las Catalinas, a 494,000 square foot mall located in the San Juan area of Puerto Rico. The 10-year fixed rate loan bears interest at 4.43% and matures in August 2024. The loan amortizes based on a 30-year schedule beginning in year six. | |||||||||||||||
On August 12, 2014, we completed a $185,000,000 financing of the Universal buildings, a 690,000 square foot, two-building office complex located in Washington, DC. The loan bears interest at LIBOR plus 1.90% (2.06% at December 31, 2014) and matures in August 2019 with two one-year extension options. The loan amortizes based on a 30-year schedule beginning in the fourth year. | |||||||||||||||
On August 26, 2014, we obtained a standby commitment for up to $500,000,000 of five-year mezzanine loan financing to fund a portion of the development expenditures at 220 Central Park South. | |||||||||||||||
On October 27, 2014, we completed a $140,000,000 financing of 655 Fifth Avenue, a 57,500 square foot retail and office property. The loan is interest only at LIBOR plus 1.40% (1.56% at December 31, 2014) and matures in October 2019 with two one-year extension options. | |||||||||||||||
On December 8, 2014, we completed a $575,000,000 refinancing of Two Penn Plaza, a 1.6 million square foot Manhattan office building. The loan is interest-only at LIBOR plus 1.65% (1.81% at December 31, 2014) and matures in 2019 with two one-year extension options. We realized net proceeds of approximately $143,000,000. Pursuant to an existing swap agreement, the $422,000,000 previous loan on the property was swapped to a fixed rate of 4.78% through March 2018. Therefore, $422,000,000 of the new loan bears interest at a fixed rate of 4.78% through March 2018 and the balance of $153,000,000 floats through March 2018. The entire $575,000,000 will float thereafter for the duration of the new loan. | |||||||||||||||
On January 6, 2015, we completed the modification of the $120,000,000, 6.04% mortgage loan secured by our Montehiedra Town Center, in the San Juan area of Puerto Rico. The loan has been extended from July 2016 to July 2021 and separated into two tranches, a senior $90,000,000 position with interest at 5.33% to be paid currently, and a junior $30,000,000 position with interest accruing at 3%. Montehiedra Town Center and the loan were included in the spin-off to UE on January 15, 2015. As part of the planned redevelopment of the property, UE is committed to fund $20,000,000 through a loan for leasing and building capital expenditures of which $8,000,000 has been funded. This loan is senior to the $30,000,000 position noted above and accrues interest at 10%. | |||||||||||||||
Senior Unsecured Notes | |||||||||||||||
On June 16, 2014, we completed a green bond public offering of $450,000,000 2.50% senior unsecured notes due June 30, 2019. The notes were sold at 99.619% of their face amount to yield 2.581%. | |||||||||||||||
On October 1, 2014, we redeemed all of the $445,000,000 principal amount of our outstanding 7.875% senior unsecured notes, which were scheduled to mature on October 1, 2039, at a redemption price of 100% of the principal amount plus accrued interest through the redemption date. In the fourth quarter of 2014, we wrote off $12,532,000 of unamortized deferred financing costs, which are included as a component of “interest and debt expense” on our consolidated statements of income. | |||||||||||||||
On January 1, 2015, we redeemed all of the $500,000,000 principal amount of our outstanding 4.25% senior unsecured notes, which were scheduled to mature on April 1, 2015, at a redemption price of 100% of the principal amount plus accrued interest through December 31, 2014. | |||||||||||||||
10. Debt – continued | |||||||||||||||
Unsecured Revolving Credit Facility | |||||||||||||||
On September 30, 2014, we extended one of our two $1.25 billion unsecured revolving credit facilities from November 2015 to November 2018 with two six-month extension options. The interest rate on the extended facility was lowered to LIBOR plus 105 basis points from LIBOR plus 125 basis points and the facility fee was reduced to 20 basis points from 25 basis points. | |||||||||||||||
The following is a summary of our debt: | |||||||||||||||
Weighted Average | |||||||||||||||
Interest Rate at | Balance at December 31, | ||||||||||||||
(Amounts in thousands) | 31-Dec-14 | 2014 | 2013 | ||||||||||||
Mortgages Payable: | |||||||||||||||
Fixed rate | 4.45% | $ | 7,710,931 | $ | 7,563,133 | ||||||||||
Variable rate | 2.20% | 1,840,769 | 768,860 | ||||||||||||
4.02% | $ | 9,551,700 | $ | 8,331,993 | |||||||||||
Unsecured Debt: | |||||||||||||||
Senior unsecured notes | 3.89% | $ | 1,347,159 | $ | 1,350,855 | ||||||||||
Unsecured revolving credit facilities | - | - | 295,870 | ||||||||||||
3.89% | $ | 1,347,159 | $ | 1,646,725 | |||||||||||
The net carrying amount of properties collateralizing the mortgages payable amounted to $10.4 billion at December 31, 2014. As of December 31, 2014, the principal repayments required for the next five years and thereafter are as follows: | |||||||||||||||
Senior Unsecured | |||||||||||||||
Debt and | |||||||||||||||
(Amounts in thousands) | Revolving Credit | ||||||||||||||
Year Ending December 31, | Mortgages Payable | Facilities | |||||||||||||
2015 | $ | 433,699 | $ | 500,000 | |||||||||||
2016 | 1,552,419 | - | |||||||||||||
2017 | 626,525 | - | |||||||||||||
2018 | 340,442 | - | |||||||||||||
2019 | 996,579 | 450,000 | |||||||||||||
Thereafter | 5,601,148 | 400,000 |
Redeemable_Noncontrolling_Inte
Redeemable Noncontrolling Interests | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Redeemable Noncontrolling Interests [Abstract] | |||||||||||||||||||||
Redeemable Noncontrolling Interests | 11. Redeemable Noncontrolling Interests | ||||||||||||||||||||
Redeemable noncontrolling interests on our consolidated balance sheets are primarily comprised of Class A Operating Partnership units held by third parties and are recorded at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to “additional capital” in our consolidated statements of changes in equity. Class A units may be tendered for redemption to the Operating Partnership for cash; we, at our option, may assume that obligation and pay the holder either cash or Vornado common shares on a one-for-one basis. Because the number of Vornado common shares outstanding at all times equals the number of Class A units owned by Vornado, the redemption value of each Class A unit is equivalent to the market value of one Vornado common share, and the quarterly distribution to a Class A unitholder is equal to the quarterly dividend paid to a Vornado common shareholder. | |||||||||||||||||||||
Below are the details of redeemable noncontrolling interests as of December 31, 2014 and 2013. | |||||||||||||||||||||
(Amounts in thousands, except units and | Preferred or | ||||||||||||||||||||
per unit amounts) | Balance as of | Units Outstanding at | Per Unit | Annual | |||||||||||||||||
December 31, | December 31, | Liquidation | Distribution | ||||||||||||||||||
Unit Series | 2014 | 2013 | 2014 | 2013 | Preference | Rate | |||||||||||||||
Common: | |||||||||||||||||||||
Class A | $ | 1,336,780 | $ | 1,002,620 | 11,356,550 | 11,292,038 | n/a | $ | 2.92 | ||||||||||||
Perpetual Preferred: (1) | |||||||||||||||||||||
5.00% D-16 Cumulative Redeemable | $ | 1,000 | $ | 1,000 | 1 | 1 | $ | 1,000,000.00 | $ | 50,000.00 | |||||||||||
-1 | Holders may tender units for redemption to the Operating Partnership for cash at their stated redemption amount; we, at our option, may assume that obligation and pay the holders either cash or Vornado preferred shares on a one-for-one basis. These units are redeemable at our option at any time. | ||||||||||||||||||||
Below is a table summarizing the activity of redeemable noncontrolling interests. | |||||||||||||||||||||
(Amounts in thousands) | |||||||||||||||||||||
Balance at December 31, 2012 | $ | 944,152 | |||||||||||||||||||
Net income | 24,817 | ||||||||||||||||||||
Other comprehensive income | 5,296 | ||||||||||||||||||||
Distributions | -34,053 | ||||||||||||||||||||
Redemption of Class A units for common shares, at redemption value | -25,317 | ||||||||||||||||||||
Adjustments to carry redeemable Class A units at redemption value | 108,252 | ||||||||||||||||||||
Redemption of Series D-15 redeemable units | -36,900 | ||||||||||||||||||||
Other, net | 17,373 | ||||||||||||||||||||
Balance at December 31, 2013 | 1,003,620 | ||||||||||||||||||||
Net income | 47,613 | ||||||||||||||||||||
Other comprehensive income | 1,323 | ||||||||||||||||||||
Distributions | -33,469 | ||||||||||||||||||||
Redemption of Class A units for common shares, at redemption value | -27,273 | ||||||||||||||||||||
Adjustments to carry redeemable Class A units at redemption value | 315,276 | ||||||||||||||||||||
Other, net | 30,690 | ||||||||||||||||||||
Balance at December 31, 2014 | $ | 1,337,780 | |||||||||||||||||||
Redeemable noncontrolling interests exclude our Series G Convertible Preferred units and Series D-13 Cumulative Redeemable Preferred units, as they are accounted for as liabilities in accordance with ASC 480, Distinguishing Liabilities and Equity, because of their possible settlement by issuing a variable number of Vornado common shares. Accordingly, the fair value of these units is included as a component of “other liabilities” on our consolidated balance sheets and aggregated $55,097,000 as of December 31, 2014 and 2013. |
Shareholders_Equity
Shareholders Equity | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Shareholders' Equity [Abstract] | ||||||||||||||||||
Shareholders' Equity | 12. Shareholders' Equity | |||||||||||||||||
Common Shares | ||||||||||||||||||
As of December 31, 2014, there were 187,887,498 common shares outstanding. During 2014, we paid an aggregate of $547,831,000 of common dividends comprised of quarterly common dividends of $0.73 per share. | ||||||||||||||||||
(Amounts in thousands, except share and | Balance as of | Shares Outstanding at | Per Share | Annual | ||||||||||||||
per share amounts) | December 31, | December 31, | Liquidation | Dividend | ||||||||||||||
Preferred Shares | 2014 | 2013 | 2014 | 2013 | Preference | Rate(1) | ||||||||||||
Convertible Preferred: | ||||||||||||||||||
6.5% Series A: authorized 83,977 shares(2) | $ | 1,393 | $ | 1,592 | 28,939 | 32,807 | $ | 50 | $ | 3.25 | ||||||||
Cumulative Redeemable: | ||||||||||||||||||
6.625% Series G: authorized 8,000,000 shares(3) | 193,135 | 193,135 | 8,000,000 | 8,000,000 | $ | 25 | $ | 1.65625 | ||||||||||
6.625% Series I: authorized 10,800,000 shares(3) | 262,379 | 262,379 | 10,800,000 | 10,800,000 | $ | 25 | $ | 1.65625 | ||||||||||
6.875% Series J: authorized 9,850,000 shares(3) | 238,842 | 238,842 | 9,850,000 | 9,850,000 | $ | 25 | $ | 1.71875 | ||||||||||
5.70% Series K: authorized 12,000,000 shares(3) | 290,971 | 290,971 | 12,000,000 | 12,000,000 | $ | 25 | $ | 1.425 | ||||||||||
5.40% Series L: authorized 12,000,000 shares(3) | 290,306 | 290,306 | 12,000,000 | 12,000,000 | $ | 25 | $ | 1.35 | ||||||||||
$ | 1,277,026 | $ | 1,277,225 | 52,678,939 | 52,682,807 | |||||||||||||
-1 | Dividends on preferred shares are cumulative and are payable quarterly in arrears. | |||||||||||||||||
-2 | Redeemable at our option under certain circumstances, at a redemption price of 1.4334 common shares per Series A Preferred Share plus accrued and unpaid dividends through the date of redemption, or convertible at any time at the option of the holder for 1.4334 common shares per Series A Preferred Share. | |||||||||||||||||
-3 | Redeemable at our option at a redemption price of $25.00 per share, plus accrued and unpaid dividends through the date of redemption. | |||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||||
The following tables set forth the changes in accumulated comprehensive income (loss) by component. | ||||||||||||||||||
For the Year Ended December 31, 2014 | ||||||||||||||||||
Securities | Pro rata share of | Interest | ||||||||||||||||
available- | nonconsolidated | rate | ||||||||||||||||
(Amounts in thousands) | Total | for-sale | subsidiaries' OCI | swap | Other | |||||||||||||
Balance as of December 31, 2013 | $ | 71,537 | $ | 119,309 | $ | -11,501 | $ | -31,882 | $ | -4,389 | ||||||||
Net current period OCI | 21,730 | 14,465 | 2,509 | 6,079 | -1,323 | |||||||||||||
Balance as of December 31, 2014 | $ | 93,267 | $ | 133,774 | $ | -8,992 | $ | -25,803 | $ | -5,712 | ||||||||
Variable_Interest_Entities_VIE
Variable Interest Entities ("VIEs") | 12 Months Ended |
Dec. 31, 2014 | |
Variable Interest Entities [Abstract] | |
Variable Interest Entities ("VIEs") | 13. Variable Interest Entities (“VIEs”) |
Unconsolidated VIEs | |
At December 31, 2014, we have unconsolidated VIEs comprised of our investments in the entities that own One Park Avenue, Independence Plaza, and the Warner Building, and at December 31, 2013, our unconsolidated VIEs comprised of our investments in the entities that own Independence Plaza and the Warner Building. We do not consolidate these entities because we are not the primary beneficiary and the nature of our involvement in the activities of these entities does not give us power over decisions that significantly affect these entities' economic performance. We account for our investment in these entities under the equity method (see Note 6 – Investments in Partially Owned Entities). As of December 31, 2014 and 2013, the net carrying amount of our investments in these entities was $286,783,000 and $152,929,000, respectively, and our maximum exposure to loss in these entities, is limited to our investments. We did not have any consolidated VIEs as of December 31, 2014 and 2013. |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Fair Value Measurements | 14. Fair Value Measurements | ||||||||||||||||
ASC 820, Fair Value Measurement and Disclosures defines fair value and establishes a framework for measuring fair value. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets. | |||||||||||||||||
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis | |||||||||||||||||
Financial assets and liabilities that are measured at fair value on our consolidated balance sheets consist of (i) marketable securities, (ii) Real Estate Fund investments, (iii) the assets in our deferred compensation plan (for which there is a corresponding liability on our consolidated balance sheet), (iv) interest rate swaps and (v) mandatorily redeemable instruments (Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units). The tables below aggregate the fair values of these financial assets and liabilities by their levels in the fair value hierarchy at December 31, 2014 and 2013, respectively. | |||||||||||||||||
As of December 31, 2014 | |||||||||||||||||
(Amounts in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Marketable securities | $ | 206,323 | $ | 206,323 | $ | - | $ | - | |||||||||
Real Estate Fund investments (75% of which is attributable to | |||||||||||||||||
noncontrolling interests) | 513,973 | - | - | 513,973 | |||||||||||||
Deferred compensation plan assets (included in other assets) | 117,284 | 53,969 | - | 63,315 | |||||||||||||
Total assets | $ | 837,580 | $ | 260,292 | $ | - | $ | 577,288 | |||||||||
Mandatorily redeemable instruments (included in other liabilities) | $ | 55,097 | $ | 55,097 | $ | - | $ | - | |||||||||
Interest rate swap (included in other liabilities) | 25,797 | - | 25,797 | - | |||||||||||||
Total liabilities | $ | 80,894 | $ | 55,097 | $ | 25,797 | $ | - | |||||||||
As of December 31, 2013 | |||||||||||||||||
(Amounts in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Marketable securities | $ | 191,917 | $ | 191,917 | $ | - | $ | - | |||||||||
Real Estate Fund investments (75% of which is attributable to | |||||||||||||||||
noncontrolling interests) | 667,710 | - | - | 667,710 | |||||||||||||
Deferred compensation plan assets (included in other assets) | 116,515 | 47,733 | - | 68,782 | |||||||||||||
Total assets | $ | 976,142 | $ | 239,650 | $ | - | $ | 736,492 | |||||||||
Mandatorily redeemable instruments (included in other liabilities) | $ | 55,097 | $ | 55,097 | $ | - | $ | - | |||||||||
Interest rate swap (included in other liabilities) | 31,882 | - | 31,882 | - | |||||||||||||
Total liabilities | $ | 86,979 | $ | 55,097 | $ | 31,882 | $ | - | |||||||||
14. Fair Value Measurements - continued | |||||||||||||||||
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued | |||||||||||||||||
Real Estate Fund Investments | |||||||||||||||||
At December 31, 2014, our Real Estate Fund had seven investments with an aggregate fair value of $513,973,000, or $176,899,000 in excess of cost. These investments are classified as Level 3. We use a discounted cash flow valuation technique to estimate the fair value of each of these investments, which is updated quarterly by personnel responsible for the management of each investment and reviewed by senior management at each reporting period. The discounted cash flow valuation technique requires us to estimate cash flows for each investment over the anticipated holding period, which currently ranges from 0.8 to 6.0 years. Cash flows are derived from property rental revenue (base rents plus reimbursements) less operating expenses, real estate taxes and capital and other costs, plus projected sales proceeds in the year of exit. Property rental revenue is based on leases currently in place and our estimates for future leasing activity, which are based on current market rents for similar space plus a projected growth factor. Similarly, estimated operating expenses and real estate taxes are based on amounts incurred in the current period plus a projected growth factor for future periods. Anticipated sales proceeds at the end of an investment's expected holding period are determined based on the net cash flow of the investment in the year of exit, divided by a terminal capitalization rate, less estimated selling costs. | |||||||||||||||||
The fair value of each property is calculated by discounting the future cash flows (including the projected sales proceeds), using an appropriate discount rate and then reduced by the property's outstanding debt, if any, to determine the fair value of the equity in each investment. Significant unobservable quantitative inputs used in determining the fair value of each investment include capitalization rates and discount rates. These rates are based on the location, type and nature of each property, and current and anticipated market conditions, which are derived from original underwriting assumptions, industry publications and from the experience of our Acquisitions and Capital Markets departments. Significant unobservable quantitative inputs in the table below were utilized in determining the fair value of these Fund investments at December 31, 2014. | |||||||||||||||||
Weighted Average | |||||||||||||||||
(based on fair | |||||||||||||||||
Unobservable Quantitative Input | Range | value of investments) | |||||||||||||||
Discount rates | 12.0% to 17.5% | 13.70% | |||||||||||||||
Terminal capitalization rates | 4.7% to 6.5% | 5.30% | |||||||||||||||
The above inputs are subject to change based on changes in economic and market conditions and/or changes in use or timing of exit. Changes in discount rates and terminal capitalization rates result in increases or decreases in the fair values of these investments. The discount rates encompass, among other things, uncertainties in the valuation models with respect to terminal capitalization rates and the amount and timing of cash flows. Therefore, a change in the fair value of these investments resulting from a change in the terminal capitalization rate, may be partially offset by a change in the discount rate. It is not possible for us to predict the effect of future economic or market conditions on our estimated fair values. | |||||||||||||||||
The table below summarizes the changes in the fair value of Fund investments that are classified as Level 3, for the years ended December 31, 2014 and 2013. | |||||||||||||||||
Real Estate Fund Investments | |||||||||||||||||
For The Year Ended December 31, | |||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | |||||||||||||||
Beginning balance | $ | 667,710 | $ | 600,786 | |||||||||||||
Purchases | 3,392 | 43,816 | |||||||||||||||
Dispositions / Distributions | -307,268 | -70,848 | |||||||||||||||
Net unrealized gains | 73,802 | 85,771 | |||||||||||||||
Net realized gains | 76,337 | 8,184 | |||||||||||||||
Other, net | - | 1 | |||||||||||||||
Ending balance | $ | 513,973 | $ | 667,710 | |||||||||||||
14. Fair Value Measurements - continued | |||||||||||||||||
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued | |||||||||||||||||
Deferred Compensation Plan Assets | |||||||||||||||||
Deferred compensation plan assets that are classified as Level 3 consist of investments in limited partnerships and investment funds, which are managed by third parties. We receive quarterly financial reports from a third-party administrator, which are compiled from the quarterly reports provided to them from each limited partnership and investment fund. The quarterly reports provide net asset values on a fair value basis which are audited by independent public accounting firms on an annual basis. The third-party administrator does not adjust these values in determining our share of the net assets and we do not adjust these values when reported in our consolidated financial statements. | |||||||||||||||||
The table below summarizes the changes in the fair value of Deferred Compensation Plan Assets that are classified as Level 3, for the years ended December 31, 2014 and 2013. | |||||||||||||||||
Deferred Compensation Plan Assets | |||||||||||||||||
For The Year Ended December 31, | |||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | |||||||||||||||
Beginning balance | $ | 68,782 | $ | 62,631 | |||||||||||||
Purchases | 14,162 | 5,018 | |||||||||||||||
Sales | -24,951 | -7,306 | |||||||||||||||
Realized and unrealized gains | 3,415 | 7,189 | |||||||||||||||
Other, net | 1,907 | 1,250 | |||||||||||||||
Ending balance | $ | 63,315 | $ | 68,782 | |||||||||||||
Fair Value Measurements on a Nonrecurring Basis | |||||||||||||||||
Assets measured at fair value on a nonrecurring basis on our consolidated balance sheets consist primarily of real estate assets and our investment in Toys that were written-down to estimated fair value during 2014 or 2013. See Note 2 – Basis of Presentation and Significant Accounting Policies for details of impairment losses recognized during 2014 and 2013. See Note 6 – Investments in Partially Owned Entities for details of impairment losses related to Toys recognized during 2014 and 2013. The fair value of our real estate assets was determined using widely accepted valuation techniques, including (i) discounted cash flow analysis, which considers, among other things, leasing assumptions, growth rates, discount rates and terminal capitalization rates, (ii) income capitalization approach, which considers prevailing market capitalization rates, and (iii) comparable sales activity. In determining the fair value of our investment in Toys, we considered, among other inputs, a December 31, 2013 third-party valuation of Toys and Toys' historical results, financial forecasts and business outlook. Our determination of the fair value of our investment in Toys included consideration of the following widely-used valuation methodologies: (i) market multiple methodology, that considered comparable publicly traded retail companies and a range of EBITDA multiples from 5.75x to 6.5x, (ii) comparable sales transactions methodology, that considered sales of retailers ranging in size from $150 million to $3 billion, (iii) a discounted cash flow methodology, that utilized five-year financial projections and assumed a terminal EBITDA multiple of 5.75x, a 10% discount rate and a 38% tax rate, and (iv) a Black-Scholes valuation analysis, that assumed one, two and three year time-to-expiration periods and 24% to 29% volatility factors. Generally, we consider multiple valuation techniques when measuring fair values but in certain circumstances, a single valuation technique may be appropriate. The tables below aggregate the fair values of these assets by their levels in the fair value hierarchy. | |||||||||||||||||
As of December 31, 2014 | |||||||||||||||||
(Amounts in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Real estate assets | $ | 4,848 | $ | - | $ | - | $ | 4,848 | |||||||||
As of December 31, 2013 | |||||||||||||||||
(Amounts in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Real estate assets | $ | 354,341 | $ | - | $ | - | $ | 354,341 | |||||||||
Investment in Toys | 83,224 | - | - | 83,224 | |||||||||||||
Total assets | $ | 437,565 | $ | - | $ | - | $ | 437,565 | |||||||||
14. Fair Value Measurements – continued | |||||||||||||||||
Financial Assets and Liabilities not Measured at Fair Value | |||||||||||||||||
Financial assets and liabilities that are not measured at fair value on our consolidated balance sheets include cash equivalents (primarily money market funds, which invest in obligations of the United States government), mortgage and mezzanine loans receivable (included in “other assets” in our consolidated balance sheets) and our secured and unsecured debt. Estimates of the fair value of these instruments are determined by the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate, which is provided by a third-party specialist. For floating rate debt, we use forward rates derived from observable market yield curves to project the expected cash flows we would be required to make under the instrument. The fair value of cash equivalents is classified as Level 1 and the fair value of our mortgage and mezzanine loans receivable is classified as Level 3. The fair value of our secured and unsecured debt is classified as Level 2. The table below summarizes the carrying amounts and fair value of these financial instruments as of December 31, 2014 and 2013. | |||||||||||||||||
As of December 31, 2014 | As of December 31, 2013 | ||||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||||
(Amounts in thousands) | Amount | Value | Amount | Value | |||||||||||||
Cash equivalents | $ | 749,418 | $ | 749,000 | $ | 295,000 | $ | 295,000 | |||||||||
Mortgage and mezzanine loans receivable | |||||||||||||||||
(included in other assets) | 16,748 | 17,000 | 170,972 | 171,000 | |||||||||||||
$ | 766,166 | $ | 766,000 | $ | 465,972 | $ | 466,000 | ||||||||||
Debt: | |||||||||||||||||
Mortgages payable | $ | 9,551,700 | $ | 9,551,000 | $ | 8,331,993 | $ | 8,104,000 | |||||||||
Senior unsecured notes | 1,347,159 | 1,385,000 | 1,350,855 | 1,402,000 | |||||||||||||
Revolving credit facility debt | - | - | 295,870 | 296,000 | |||||||||||||
$ | 10,898,859 | $ | 10,936,000 | $ | 9,978,718 | $ | 9,802,000 |
Stockbased_Compensation
Stock-based Compensation | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||
Stock-based Compensation | 15. Stock-based Compensation | ||||||||||||||
Our Omnibus Share Plan (the “Plan”), which was approved in May 2010, provides the Compensation Committee of the Board (the “Committee”) the ability to grant incentive and non-qualified stock options, restricted stock, restricted Operating Partnership units and out-performance plan awards to certain of our employees and officers. Under the Plan, awards may be granted up to a maximum of 6,000,000 shares, if all awards granted are Full Value Awards, as defined, and up to 12,000,000 shares, if all of the awards granted are Not Full Value Awards, as defined, plus shares in respect of awards forfeited after May 2010 that were issued pursuant to our 2002 Omnibus Share Plan. Full Value Awards are awards of securities, such as restricted shares, that, if all vesting requirements are met, do not require the payment of an exercise price or strike price to acquire the securities. Not Full Value Awards are awards of securities, such as options, that do require the payment of an exercise price or strike price. This means, for example, if the Committee were to award only restricted shares, it could award up to 6,000,000 restricted shares. On the other hand, if the Committee were to award only stock options, it could award options to purchase up to 12,000,000 shares (at the applicable exercise price). The Committee may also issue any combination of awards under the Plan, with reductions in availability of future awards made in accordance with the above limitations. As of December 31, 2014, we have approximately 4,004,000 shares available for future grants under the Plan, if all awards granted are Full Value Awards, as defined. | |||||||||||||||
In the years ended December 31, 2014, 2013 and 2012, we recognized an aggregate of $36,641,000, $34,914,000 and $30,588,000, respectively, of stock-based compensation expense, which is included as a component of “general and administrative” expenses on our consolidated statements of income. The details of the various components of our stock-based compensation are discussed below. | |||||||||||||||
Out-Performance Plans (“the OPPs”) | |||||||||||||||
OPPs are multi-year, performance-based equity compensation plans under which participants, including our Chairman and Chief Executive Officer, have the opportunity to earn compensation payable in the form of equity awards if, and only if, we outperform a predetermined total shareholder return (“TSR”) and/or outperform the market with respect to a relative TSR in any year during the requisite performance periods as described below. The aggregate notional amounts of the 2012, 2013, 2014 and 2015 OPPs are $40,000,000, $40,000,000, $50,000,000 and $40,000,000, respectively. | |||||||||||||||
Awards under the 2012 OPP have been earned. Awards under the 2013 OPP may be earned if we (i) achieve a TSR greater than 14% over the two-year performance measurement period, or 21% over the three-year performance measurement period (the “Absolute Component”), and/or (ii) achieve a TSR above that of the SNL REIT Index (the “Index”) over the two-year or three-year performance measurement period (the “Relative Component”). Awards under the 2014 and 2015 OPP may be earned if we (i) achieve a TSR level greater than 7% per annum, or 21% over the three-year performance measurement periods (the “Absolute Component”), and/or (ii) achieve a TSR above that of the Index over the three-year performance measurement periods (the “Relative Component”). To the extent awards would be earned under the Absolute Component of each of the OPPs, but we underperform the Index, such awards would be reduced (and potentially fully negated) based on the degree to which we underperform the Index. In certain circumstances, in the event we outperform the Index but awards would not otherwise be fully earned under the Absolute Component, awards may still be earned or increased under the Relative Component. To the extent awards would otherwise be earned under the Relative Component but we fail to achieve at least a 6% per annum absolute TSR, such awards earned under the Relative Component would be reduced based on our absolute TSR, with no awards being earned in the event our TSR during the applicable measurement period is 0% or negative, irrespective of the degree to which we may outperform the Index. Dividends on awards issued accrue during the performance period. | |||||||||||||||
If the designated performance objectives are achieved, OPP units are subject to time-based vesting requirements. Awards earned under the OPPs vest 33% in year three, 33% in year four and 34% in year five. Our executive officers (for the purposes of Section 16 of the Exchange Act) are required to hold earned 2013, 2014 and 2015 OPP awards for one year following vesting. | |||||||||||||||
The fair value of the 2012, 2013, 2014 and 2015 OPPs on the date of grant was $12,250,000, $6,814,000, $8,202,000, and $9,120,000, respectively. Such amounts are being amortized into expense over a five-year period from the date of grant, using a graded vesting attribution model. In the years ended December 31, 2014, 2013 and 2012, we recognized $6,185,000, $3,226,000 and $2,826,000, respectively, of compensation expense related to OPPs. As of December 31, 2014, there was $11,937,000 of total unrecognized compensation cost related to the OPPs, which will be recognized over a weighted-average period of 1.4 years. | |||||||||||||||
15. Stock-based Compensation - continued | |||||||||||||||
Stock Options | |||||||||||||||
Stock options are granted at an exercise price equal to the average of the high and low market price of our common shares on the NYSE on the date of grant, generally vest over four years and expire 10 years from the date of grant. Compensation expense related to stock option awards is recognized on a straight-line basis over the vesting period. In the years ended December 31, 2014, 2013 and 2012, we recognized $4,550,000, $8,234,000 and $8,638,000, respectively, of compensation expense related to stock options that vested during each year. As of December 31, 2014, there was $1,855,000 of total unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a weighted-average period of 1.5 years. | |||||||||||||||
Below is a summary of our stock option activity for the year ended December 31, 2014. | |||||||||||||||
Weighted- | |||||||||||||||
Weighted- | Average | ||||||||||||||
Average | Remaining | Aggregate | |||||||||||||
Exercise | Contractual | Intrinsic | |||||||||||||
Shares | Price | Term | Value | ||||||||||||
Outstanding at January 1, 2014 | 3,248,699 | $ | 67.51 | ||||||||||||
Granted | 49,088 | 91.32 | |||||||||||||
Exercised | -434,204 | 67.27 | |||||||||||||
Cancelled or expired | -43,468 | 104.74 | |||||||||||||
Outstanding at December 31, 2014 | 2,820,115 | $ | 67.38 | 4.6 | $ | 145,317,000 | |||||||||
Options vested and expected to vest at | |||||||||||||||
31-Dec-14 | 2,818,587 | $ | 67.37 | 4.6 | $ | 145,271,000 | |||||||||
Options exercisable at December 31, 2014 | 2,606,260 | $ | 65.62 | 4.4 | $ | 138,912,000 | |||||||||
The fair value of each option grant is estimated on the date of grant using an option-pricing model with the following weighted-average assumptions for grants in the years ended December 31, 2014, 2013 and 2012. | |||||||||||||||
December 31, | |||||||||||||||
2014 | 2013 | 2012 | |||||||||||||
Expected volatility | 36.00% | 36.00% | 36.00% | ||||||||||||
Expected life | 5.0 years | 5.0 years | 5.0 years | ||||||||||||
Risk free interest rate | 1.81% | 0.91% | 1.05% | ||||||||||||
Expected dividend yield | 4.10% | 4.30% | 4.30% | ||||||||||||
The weighted average grant date fair value of options granted during the years ended December 31, 2014, 2013 and 2012 was $20.31, $17.18 and $17.50, respectively. Cash received from option exercises for the years ended December 31, 2014, 2013 and 2012 was $17,441,000, $5,915,000 and $9,546,000, respectively. The total intrinsic value of options exercised during the years ended December 31, 2014, 2013 and 2012 was $18,223,000, $3,386,000 and $40,887,000, respectively. | |||||||||||||||
15. Stock-based Compensation - continued | |||||||||||||||
Restricted Stock | |||||||||||||||
Restricted stock awards are granted at the average of the high and low market price of our common shares on the NYSE on the date of grant and generally vest over four years. Compensation expense related to restricted stock awards is recognized on a straight-line basis over the vesting period. In the years ended December 31, 2014, 2013 and 2012, we recognized $1,303,000, $1,344,000 and $1,604,000, respectively, of compensation expense related to restricted stock awards that vested during each year. As of December 31, 2014, there was $1,468,000 of total unrecognized compensation cost related to unvested restricted stock, which is expected to be recognized over a weighted-average period of 1.7 years. Dividends paid on unvested restricted stock are charged directly to retained earnings and amounted to $88,000, $110,000 and $200,000 for the years ended December 31, 2014, 2013 and 2012, respectively. | |||||||||||||||
Below is a summary of our restricted stock activity under the Plan for the year ended December 31, 2014. | |||||||||||||||
Weighted-Average | |||||||||||||||
Grant-Date | |||||||||||||||
Unvested Shares | Shares | Fair Value | |||||||||||||
Unvested at January 1, 2014 | 29,664 | $ | 79.24 | ||||||||||||
Granted | 11,475 | 91.31 | |||||||||||||
Vested | -15,733 | 74.61 | |||||||||||||
Cancelled or expired | -2,957 | 87.42 | |||||||||||||
Unvested at December 31, 2014 | 22,449 | 87.58 | |||||||||||||
Restricted stock awards granted in 2014, 2013 and 2012 had a fair value of $1,048,000, $857,000 and $929,000, respectively. The fair value of restricted stock that vested during the years ended December 31, 2014, 2013 and 2012 was $1,174,000, $1,194,000 and $1,864,000, respectively. | |||||||||||||||
Restricted Operating Partnership Units (“OP Units”) | |||||||||||||||
OP Units are granted at the average of the high and low market price of our common shares on the NYSE on the date of grant, vest ratably over four years and are subject to a taxable book-up event, as defined. Compensation expense related to OP Units is recognized ratably over the vesting period using a graded vesting attribution model. In the years ended December 31, 2014, 2013 and 2012, we recognized $24,603,000, $22,110,000 and $17,520,000, respectively, of compensation expense related to OP Units that vested during each year. As of December 31, 2014, there was $20,798,000 of total unrecognized compensation cost related to unvested OP Units, which is expected to be recognized over a weighted-average period of 1.7 years. Distributions paid on unvested OP Units are charged to “net income attributable to noncontrolling interests in the Operating Partnership” on our consolidated statements of income and amounted to $2,866,000, $2,598,000 and $3,203,000 in the years ended December 31, 2014, 2013 and 2012, respectively. | |||||||||||||||
Below is a summary of restricted OP unit activity under the Plan for the year ended December 31, 2014. | |||||||||||||||
Weighted-Average | |||||||||||||||
Grant-Date | |||||||||||||||
Unvested Units | Units | Fair Value | |||||||||||||
Unvested at January 1, 2014 | 765,971 | $ | 76.27 | ||||||||||||
Granted | 226,638 | 86.79 | |||||||||||||
Vested | -327,555 | 69.48 | |||||||||||||
Cancelled or expired | -6,575 | 83.16 | |||||||||||||
Unvested at December 31, 2014 | 658,479 | 83.2 | |||||||||||||
OP Units granted in 2014, 2013 and 2012 had a fair value of $19,669,000, $31,947,000 and $16,464,000, respectively. The fair value of OP Units that vested during the years ended December 31, 2014, 2013 and 2012 was $22,758,000, $16,404,000 and $15,014,000, respectively. |
Fee_and_Other_Income
Fee and Other Income | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Fee and Other Income [Abstract] | ||||||||||
Fee and Other Income | 16. Fee and Other Income | |||||||||
The following table sets forth the details of our fee and other income: | ||||||||||
(Amounts in thousands) | For the Year Ended December 31, | |||||||||
2014 | 2013 | 2012 | ||||||||
BMS cleaning fees | $ | 85,658 | $ | 66,505 | $ | 67,584 | ||||
Signage revenue | 37,929 | 32,866 | 20,892 | |||||||
Management and leasing fees | 21,382 | 24,637 | 21,849 | |||||||
Lease termination fees(1) | 17,042 | 92,497 | 2,361 | |||||||
Other income | 33,734 | 34,113 | 31,438 | |||||||
$ | 195,745 | $ | 250,618 | $ | 144,124 | |||||
__________________________ | ||||||||||
-1 | The year ended December 31, 2013 includes (i) $59,599 of income pursuant to a settlement agreement with Stop & Shop, which terminates our right to receive $6,000 of additional annual rent under a 1992 agreement, for a period potentially through 2031, (ii) $19,500 from a tenant at 1290 Avenue of the Americas, of which our 70% share, net of a $1,529 write-off of the straight lining of rents, was $12,121, and (iii) $3,000 from the termination of our subsidiaries' agreements with Cuyahoga County to operate the Cleveland Medical Mart Convention Center. | |||||||||
The above table excludes fee income from partially owned entities, which is included in “income from partially owned entities” (see Note 6 – Investments in Partially Owned Entities). |
Interest_and_Other_Investment_
Interest and Other Investment Income (Loss), Net | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Interest and Other Investment (Loss) Income, net [Abstract] | ||||||||||||
Interest and Other Investment Income (Loss), Net | ||||||||||||
17. Interest and Other Investment Income (Loss), Net | ||||||||||||
The following table sets forth the details of our interest and other investment income (loss): | ||||||||||||
(Amounts in thousands) | For the Year Ended December 31, | |||||||||||
2014 | 2013 | 2012 | ||||||||||
Dividends and interest on marketable securities | $ | 12,707 | $ | 11,446 | $ | 11,979 | ||||||
Mark-to-market of investments in our deferred compensation plan (1) | 11,557 | 10,636 | 6,809 | |||||||||
Interest on mezzanine loans receivable | 3,920 | 19,495 | 13,861 | |||||||||
Losses from the disposition of investment in J.C. Penney | - | -72,974 | -300,752 | |||||||||
Other, net | 10,603 | 6,521 | 6,924 | |||||||||
$ | 38,787 | $ | -24,876 | $ | -261,179 | |||||||
__________________________ | ||||||||||||
-1 | This income is entirely offset by the expense resulting from the mark-to-market of the deferred compensation plan liability, which is included in "general and administrative" expense. |
Interest_and_Debt_Expense
Interest and Debt Expense | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Interest Expense Debt [Abstract] | ||||||||||||
Interest And Debt Expense [Text Block] | 18. Interest and Debt Expense | |||||||||||
The following table sets forth the details of our interest and debt expense. | ||||||||||||
(Amounts in thousands) | For the Year Ended December 31, | |||||||||||
2014 | 2013 | 2012 | ||||||||||
Interest expense | $ | 483,578 | $ | 498,050 | $ | 478,688 | ||||||
Amortization of deferred financing costs | 46,923 | 25,557 | 22,907 | |||||||||
Capitalized interest and debt expense | -62,786 | -42,303 | -16,801 | |||||||||
$ | 467,715 | $ | 481,304 | $ | 484,794 | |||||||
Income_Per_Share
Income Per Share | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Income Per Share [Abstract] | ||||||||||||||
Income Per Share | 19. Income Per Share | |||||||||||||
The following table provides a reconciliation of both net income and the number of common shares used in the computation of (i) basic income per common share - which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares, and (ii) diluted income per common share - which includes the weighted average common shares and dilutive share equivalents. Dilutive share equivalents may include our Series A convertible preferred shares, employee stock options and restricted stock awards. | ||||||||||||||
(Amounts in thousands, except per share amounts) | Year Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | ||||||||||||
Numerator: | ||||||||||||||
Income from continuing operations, net of income attributable to noncontrolling interests | $ | 379,333 | $ | 57,727 | $ | 408,439 | ||||||||
Income from discontinued operations, net of income attributable to noncontrolling | ||||||||||||||
interests | 485,519 | 418,244 | 208,821 | |||||||||||
Net income attributable to Vornado | 864,852 | 475,971 | 617,260 | |||||||||||
Preferred share dividends | -81,464 | -82,807 | -76,937 | |||||||||||
Preferred unit and share redemptions | - | -1,130 | 8,948 | |||||||||||
Net income attributable to common shareholders | 783,388 | 392,034 | 549,271 | |||||||||||
Earnings allocated to unvested participating securities | -125 | -110 | -202 | |||||||||||
Numerator for basic income per share | 783,263 | 391,924 | 549,069 | |||||||||||
Impact of assumed conversions: | ||||||||||||||
Convertible preferred share dividends | 97 | - | 113 | |||||||||||
Numerator for diluted income per share | $ | 783,360 | $ | 391,924 | $ | 549,182 | ||||||||
Denominator: | ||||||||||||||
Denominator for basic income per share – weighted average shares | 187,572 | 186,941 | 185,810 | |||||||||||
Effect of dilutive securities (1): | ||||||||||||||
Employee stock options and restricted share awards | 1,075 | 768 | 670 | |||||||||||
Convertible preferred shares | 43 | - | 50 | |||||||||||
Denominator for diluted income per share – weighted average shares and | ||||||||||||||
assumed conversions | 188,690 | 187,709 | 186,530 | |||||||||||
INCOME (LOSS) PER COMMON SHARE – BASIC: | ||||||||||||||
Income (loss) from continuing operations, net | $ | 1.59 | $ | -0.14 | $ | 1.83 | ||||||||
Income from discontinued operations, net | 2.59 | 2.24 | 1.12 | |||||||||||
Net income per common share | $ | 4.18 | $ | 2.1 | $ | 2.95 | ||||||||
INCOME (LOSS) PER COMMON SHARE – DILUTED: | ||||||||||||||
Income (loss) from continuing operations, net | $ | 1.58 | $ | -0.14 | $ | 1.82 | ||||||||
Income from discontinued operations, net | 2.57 | 2.23 | 1.12 | |||||||||||
Net income per common share | $ | 4.15 | $ | 2.09 | $ | 2.94 | ||||||||
-1 | The effect of dilutive securities in the years ended December 31, 2014, 2013 and 2012 excludes an aggregate of 11,238, 11,752 and 14,400 weighted average common share equivalents, respectively, as their effect was anti-dilutive. |
Leases
Leases | 12 Months Ended | |||||
Dec. 31, 2014 | ||||||
Leases [Abstract] | ||||||
Leases [Text Block] | 20. Leases | |||||
As lessor: | ||||||
We lease space to tenants under operating leases. Most of the leases provide for the payment of fixed base rentals payable monthly in advance. Office building leases generally require the tenants to reimburse us for operating costs and real estate taxes above their base year costs. Shopping center leases provide for pass-through to tenants the tenant's share of real estate taxes, insurance and maintenance. Shopping center leases also provide for the payment by the lessee of additional rent based on a percentage of the tenants' sales. As of December 31, 2014, future base rental revenue under non-cancelable operating leases, excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options, are as follows: | ||||||
(Amounts in thousands) | ||||||
Year Ending December 31: | ||||||
2015 | $ | 1,783,293 | ||||
2016 | 1,717,984 | |||||
2017 | 1,671,172 | |||||
2018 | 1,578,671 | |||||
2019 | 1,399,001 | |||||
Thereafter | 8,055,804 | |||||
These amounts do not include percentage rentals based on tenants' sales. These percentage rents approximated $7,963,000, $8,578,000 and $8,090,000, for the years ended December 31, 2014, 2013 and 2012, respectively. | ||||||
None of our tenants accounted for more than 10% of total revenues in any of the years ended December 31, 2014, 2013 and 2012. | ||||||
As lessee: | ||||||
We are a tenant under operating leases for certain properties. These leases have terms that expire during the next thirty years. Future minimum lease payments under operating leases at December 31, 2014 are as follows: | ||||||
(Amounts in thousands) | ||||||
Year Ending December 31: | ||||||
2015 | $ | 39,925 | ||||
2016 | 39,833 | |||||
2017 | 41,003 | |||||
2018 | 38,920 | |||||
2019 | 38,992 | |||||
Thereafter | 1,252,109 | |||||
Rent expense was $50,556,000, $49,968,000 and $41,778,000 for the years ended December 31, 2014, 2013 and 2012, respectively. | ||||||
20. Leases - continued | ||||||
We are also a lessee under a capital lease under which we will redevelop the retail and signage components of the Marriott Marquis Times Square Hotel. The lease has put/call options, which if exercised would lead to our ownership. Capitalized leases are recorded at the present value of future minimum lease payments or the fair market value of the property. Capitalized leases are depreciated on a straight-line basis over the estimated life of the asset or life of the related lease. Depreciation expense on capital leases is included in “depreciation and amortization” on our consolidated statements of income. As of December 31, 2014, future minimum lease payments under this capital lease are as follows: | ||||||
(Amounts in thousands) | ||||||
Year Ending December 31: | ||||||
2015 | $ | 12,500 | ||||
2016 | 12,500 | |||||
2017 | 12,500 | |||||
2018 | 12,500 | |||||
2019 | 12,500 | |||||
Thereafter | 334,792 | |||||
Total minimum obligations | 397,292 | |||||
Interest portion | -157,292 | |||||
Present value of net minimum payments | $ | 240,000 | ||||
At December 31, 2014, the carrying amount of the property leased under the capital lease was $249,253,000, which is included as a component of “development costs and construction in progress” on our consolidated balance sheet and present value of net minimum payments of $240,000,000 is included in “other liabilities” on our consolidated balance sheet. |
Multiemployer_Benefit_Plans
Multiemployer Benefit Plans | 12 Months Ended |
Dec. 31, 2014 | |
Multiemployer Plans [Abstract] | |
Multiemployer Benefit Plans | 21. Multiemployer Benefit Plans |
Our subsidiaries make contributions to certain multiemployer defined benefit plans (“Multiemployer Pension Plans”) and health plans (“Multiemployer Health Plans”) for our union represented employees, pursuant to the respective collective bargaining agreements. | |
Multiemployer Pension Plans | |
Multiemployer Pension Plans differ from single-employer pension plans in that (i) contributions to multiemployer plans may be used to provide benefits to employees of other participating employers and (ii) if other participating employers fail to make their contributions, each of our participating subsidiaries may be required to bear its then pro rata share of unfunded obligations. If a participating subsidiary withdraws from a plan in which it participates, it may be subject to a withdrawal liability. As of December 31, 2014, our subsidiaries' participation in these plans were not significant to our consolidated financial statements. | |
In the years ended December 31, 2014, 2013 and 2012, our subsidiaries contributed $11,431,000, $10,223,000 and $10,683,000, respectively, towards Multiemployer Pension Plans, which is included as a component of “operating” expenses on our consolidated statements of income. Our subsidiaries' contributions did not represent more than 5% of total employer contributions in any of these plans for the years ended December 31, 2014, 2013 and 2012. | |
Multiemployer Health Plans | |
Multiemployer Health Plans in which our subsidiaries participate provide health benefits to eligible active and retired employees. In the years ended December 31, 2014, 2013 and 2012, our subsidiaries contributed $29,073,000, $26,262,000 and $26,759,000, respectively, towards these plans, which is included as a component of “operating” expenses on our consolidated statements of income. | |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 22. Commitments and Contingencies |
Insurance | |
We maintain general liability insurance with limits of $300,000,000 per occurrence and all risk property and rental value insurance with limits of $2.0 billion per occurrence, with sub-limits for certain perils such as floods. Our California properties have earthquake insurance with coverage of $180,000,000 per occurrence, subject to a deductible in the amount of 5% of the value of the affected property, up to a $180,000,000 annual aggregate. We maintain coverage for terrorism acts with limits of $4.0 billion per occurrence and in the aggregate, and $2.0 billion per occurrence and in the aggregate for terrorism involving nuclear, biological, chemical and radiological (“NBCR”) terrorism events, as defined by Terrorism Risk Insurance Program Reauthorization Act, which expires in December 2020. | |
Penn Plaza Insurance Company, LLC (“PPIC”), our wholly owned consolidated subsidiary, acts as a re-insurer with respect to a portion of all risk property and rental value insurance and a portion of our earthquake insurance coverage, and as a direct insurer for coverage for NBCR acts. Coverage for acts of terrorism (excluding NBCR acts) is fully reinsured by third party insurance companies and the Federal government with no exposure to PPIC. For NBCR acts, PPIC is responsible for a deductible of $3,200,000 and 15% of the balance of a covered loss (16% effective January 1, 2016) and the Federal government is responsible for the remaining 85% of a covered loss (84% effective January 1, 2016). We are ultimately responsible for any loss incurred by PPIC. | |
We continue to monitor the state of the insurance market and the scope and costs of coverage for acts of terrorism. However, we cannot anticipate what coverage will be available on commercially reasonable terms in the future. | |
Our debt instruments, consisting of mortgage loans secured by our properties which are non-recourse to us, senior unsecured notes and revolving credit agreements contain customary covenants requiring us to maintain insurance. Although we believe that we have adequate insurance coverage for purposes of these agreements, we may not be able to obtain an equivalent amount of coverage at reasonable costs in the future. Further, if lenders insist on greater coverage than we are able to obtain it could adversely affect our ability to finance our properties and expand our portfolio. | |
Other Commitments and Contingencies | |
We are from time to time involved in legal actions arising in the ordinary course of business. In our opinion, after consultation with legal counsel, the outcome of such matters is not expected to have a material adverse effect on our financial position, results of operations or cash flows. | |
Each of our properties has been subjected to varying degrees of environmental assessment at various times. The environmental assessments did not reveal any material environmental contamination. However, there can be no assurance that the identification of new areas of contamination, changes in the extent or known scope of contamination, the discovery of additional sites, or changes in cleanup requirements would not result in significant costs to us. | |
Our mortgage loans are non-recourse to us. However, in certain cases we have provided guarantees or master leased tenant space. These guarantees and master leases terminate either upon the satisfaction of specified circumstances or repayment of the underlying loans. As of December 31, 2014, the aggregate dollar amount of these guarantees and master leases is approximately $359,000,000. | |
At December 31, 2014, $39,552,000 of letters of credit were outstanding under one of our revolving credit facilities. Our revolving credit facilities contain financial covenants that require us to maintain minimum interest coverage and maximum debt to market capitalization ratios, and provide for higher interest rates in the event of a decline in our ratings below Baa3/BBB. Our revolving credit facilities also contain customary conditions precedent to borrowing, including representations and warranties, and also contain customary events of default that could give rise to accelerated repayment, including such items as failure to pay interest or principal. | |
As of December 31, 2014, we expect to fund additional capital to certain of our partially owned entities aggregating approximately $104,000,000. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2014 | |
Related Party Transactions Abstract | |
Related Party Transactions Disclosure [Text Block] | 23. Related Party Transactions |
Alexander's | |
We own 32.4% of Alexander's. Steven Roth, the Chairman of our Board and Chief Executive Officer is also the Chairman of the Board and Chief Executive Officer of Alexander's. We provide various services to Alexander's in accordance with management, development and leasing agreements. These agreements are described in Note 6 - Investments in Partially Owned Entities. | |
On January 15, 2015, we completed the spin-off of 79 strip shopping centers, three malls, a warehouse park and $225,000,000 of cash to UE and the transfer of all of the employees responsible for the management and leasing of those assets. In addition, we entered into agreements with UE to provide management and leasing services, on our behalf, for Alexander's Rego Park retail assets. Fees for these services are similar to the fees we are receiving from Alexander's described in Note 6 - Investments in Partially Owned Entities. | |
Interstate Properties (“Interstate”) | |
Interstate is a general partnership in which Mr. Roth is the managing general partner. David Mandelbaum and Russell B. Wight, Jr., Trustees of Vornado and Directors of Alexander's, are Interstate's two other partners. As of December 31, 2014, Interstate and its partners beneficially owned an aggregate of approximately 6.6% of the common shares of beneficial interest of Vornado and 26.3% of Alexander's common stock. | |
We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4% of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days' notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are fair to us. We earned $535,000, $606,000, and $794,000 of management fees under the agreement for the years ended December 31, 2014, 2013 and 2012. | |
On January 15, 2015, we completed the spin-off of 79 strip shopping centers, three malls, a warehouse park and $225,000,000 of cash to UE and the transfer of all of the employees responsible for the management and leasing of those assets. In addition, we entered into agreements with UE to provide management and leasing services, on our behalf, for Interstate's properties. Fees for these services are similar to the fees we are receiving from Interstate described above. | |
Summary_of_Quarterly_Results_U
Summary of Quarterly Results (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Quarterly Financial Data [Abstract] | |||||||||||||||||
Summary of Quarterly Results (Unaudited) | 24. Summary of Quarterly Results (Unaudited) | ||||||||||||||||
The following summary represents the results of operations for each quarter in 2014 and 2013: | |||||||||||||||||
Net Income (Loss) | |||||||||||||||||
Attributable | Net Income (Loss) Per | ||||||||||||||||
to Common | Common Share (2) | ||||||||||||||||
(Amounts in thousands, except per share amounts) | Revenues | Shareholders (1) | Basic | Diluted | |||||||||||||
2014 | |||||||||||||||||
31-Dec | $ | 679,101 | $ | 513,238 | $ | 2.73 | $ | 2.72 | |||||||||
30-Sep | 657,209 | 131,159 | 0.7 | 0.69 | |||||||||||||
30-Jun | 652,972 | 76,642 | 0.41 | 0.41 | |||||||||||||
31-Mar | 646,658 | 62,349 | 0.33 | 0.33 | |||||||||||||
2013 | |||||||||||||||||
31-Dec | $ | 649,403 | $ | -68,887 | $ | -0.37 | $ | -0.37 | |||||||||
30-Sep | 655,883 | 83,005 | 0.44 | 0.44 | |||||||||||||
30-Jun | 658,550 | 145,926 | 0.78 | 0.78 | |||||||||||||
31-Mar | 705,433 | 231,990 | 1.24 | 1.24 | |||||||||||||
_______________________________ | |||||||||||||||||
-1 | Fluctuations among quarters resulted primarily from non-cash impairment losses, mark-to-market of derivative instruments, net gains on sale of real estate and from seasonality of business operations. | ||||||||||||||||
-2 | The total for the year may differ from the sum of the quarters as a result of weighting. |
Segment_Information
Segment Information | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||
Segment Information | 25. Segment Information | ||||||||||||||||||||||||
Below is a summary of net income and a reconciliation of net income to EBITDA(1) by segment for the years ended December 31, 2014, 2013 and 2012. | |||||||||||||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, 2014 | ||||||||||||||||||||||||
Retail | |||||||||||||||||||||||||
Total | New York | Washington, DC | Properties | Toys | Other | ||||||||||||||||||||
Total revenues | $ | 2,635,940 | $ | 1,520,845 | $ | 537,151 | $ | 326,947 | $ | - | $ | 250,997 | |||||||||||||
Total expenses | 1,820,298 | 946,466 | 358,019 | 197,206 | - | 318,607 | |||||||||||||||||||
Operating income (loss) | 815,642 | 574,379 | 179,132 | 129,741 | - | -67,610 | |||||||||||||||||||
(Loss) income from partially owned | |||||||||||||||||||||||||
entities, including Toys | -58,131 | 20,701 | -3,677 | 1,730 | -73,556 | -3,329 | |||||||||||||||||||
Income from Real Estate Fund | 163,034 | - | - | - | - | 163,034 | |||||||||||||||||||
Interest and other investment | |||||||||||||||||||||||||
income, net | 38,787 | 6,711 | 183 | 35 | - | 31,858 | |||||||||||||||||||
Interest and debt expense | -467,715 | -183,427 | -75,395 | -54,754 | - | -154,139 | |||||||||||||||||||
Net gain on disposition of wholly | |||||||||||||||||||||||||
owned and partially owned assets | 13,568 | - | - | - | - | 13,568 | |||||||||||||||||||
Income (loss) before income taxes | 505,185 | 418,364 | 100,243 | 76,752 | -73,556 | -16,618 | |||||||||||||||||||
Income tax expense | -11,002 | -4,305 | -242 | -1,721 | - | -4,734 | |||||||||||||||||||
Income (loss) from continuing | |||||||||||||||||||||||||
operations | 494,183 | 414,059 | 100,001 | 75,031 | -73,556 | -21,352 | |||||||||||||||||||
Income from discontinued | |||||||||||||||||||||||||
operations | 514,843 | 463,163 | - | 50,873 | - | 807 | |||||||||||||||||||
Net income (loss) | 1,009,026 | 877,222 | 100,001 | 125,904 | -73,556 | -20,545 | |||||||||||||||||||
Less net income attributable to | |||||||||||||||||||||||||
noncontrolling interests | -144,174 | -8,626 | - | -119 | - | -135,429 | |||||||||||||||||||
Net income (loss) attributable to | |||||||||||||||||||||||||
Vornado | 864,852 | 868,596 | 100,001 | 125,785 | -73,556 | -155,974 | |||||||||||||||||||
Interest and debt expense(2) | 654,398 | 241,959 | 89,448 | 59,322 | 100,549 | 163,120 | |||||||||||||||||||
Depreciation and amortization(2) | 685,973 | 324,239 | 145,853 | 73,433 | 64,533 | 77,915 | |||||||||||||||||||
Income tax expense(2) | 24,248 | 4,395 | 288 | 1,721 | 12,106 | 5,738 | |||||||||||||||||||
EBITDA(1) | $ | 2,229,471 | $ | 1,439,189 | (3) | $ | 335,590 | (4) | $ | 260,261 | (5) | $ | 103,632 | $ | 90,799 | (6) | |||||||||
Balance Sheet Data: | |||||||||||||||||||||||||
Real estate at cost | $ | 18,845,392 | $ | 9,732,818 | $ | 4,383,418 | $ | 2,057,374 | - | $ | 2,671,782 | ||||||||||||||
Investments in partially owned entities | 1,246,496 | 1,036,130 | 102,635 | 6,007 | - | 101,724 | |||||||||||||||||||
Total assets | 21,248,320 | 10,752,763 | 4,310,974 | 3,580,803 | - | 2,603,780 | |||||||||||||||||||
See notes on pages 141 and 142. | |||||||||||||||||||||||||
25. Segment Information – continued | |||||||||||||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, 2013 | ||||||||||||||||||||||||
Retail | |||||||||||||||||||||||||
Total | New York | Washington, DC | Properties | Toys | Other | ||||||||||||||||||||
Total revenues | $ | 2,669,269 | $ | 1,470,907 | $ | 541,161 | $ | 372,435 | $ | - | $ | 284,766 | |||||||||||||
Total expenses | 1,819,009 | 910,498 | 347,686 | 199,650 | - | 361,175 | |||||||||||||||||||
Operating income (loss) | 850,260 | 560,409 | 193,475 | 172,785 | - | -76,409 | |||||||||||||||||||
(Loss) income from partially owned | |||||||||||||||||||||||||
entities, including Toys | -338,785 | 15,527 | -6,968 | 2,097 | -362,377 | 12,936 | |||||||||||||||||||
Income from Real Estate Fund | 102,898 | - | - | - | - | 102,898 | |||||||||||||||||||
Interest and other investment | |||||||||||||||||||||||||
(loss) income, net | -24,876 | 5,357 | 129 | 11 | - | -30,373 | |||||||||||||||||||
Interest and debt expense | -481,304 | -181,966 | -102,277 | -55,219 | - | -141,842 | |||||||||||||||||||
Net gain on disposition of wholly | |||||||||||||||||||||||||
owned and partially owned assets | 3,407 | - | - | 1,377 | - | 2,030 | |||||||||||||||||||
Income (loss) before income taxes | 111,600 | 399,327 | 84,359 | 121,051 | -362,377 | -130,760 | |||||||||||||||||||
Income tax benefit (expense) | 6,406 | -2,794 | 14,031 | -2,311 | - | -2,520 | |||||||||||||||||||
Income (loss) from continuing | |||||||||||||||||||||||||
operations | 118,006 | 396,533 | 98,390 | 118,740 | -362,377 | -133,280 | |||||||||||||||||||
Income (loss) from discontinued | |||||||||||||||||||||||||
operations | 446,734 | 160,314 | - | 287,067 | - | -647 | |||||||||||||||||||
Net income (loss) | 564,740 | 556,847 | 98,390 | 405,807 | -362,377 | -133,927 | |||||||||||||||||||
Less net income attributable to | |||||||||||||||||||||||||
noncontrolling interests | -88,769 | -10,786 | - | -3,065 | - | -74,918 | |||||||||||||||||||
Net income (loss) attributable to | |||||||||||||||||||||||||
Vornado | 475,971 | 546,061 | 98,390 | 402,742 | -362,377 | -208,845 | |||||||||||||||||||
Interest and debt expense(2) | 758,781 | 236,645 | 116,131 | 63,803 | 181,586 | 160,616 | |||||||||||||||||||
Depreciation and amortization(2) | 732,757 | 293,974 | 142,409 | 72,161 | 135,178 | 89,035 | |||||||||||||||||||
Income tax expense (benefit)(2) | 26,371 | 3,002 | -15,707 | 2,311 | 33,532 | 3,233 | |||||||||||||||||||
EBITDA(1) | $ | 1,993,880 | $ | 1,079,682 | (3) | $ | 341,223 | (4) | $ | 541,017 | (5) | $ | -12,081 | $ | 44,039 | (6) | |||||||||
Balance Sheet Data: | |||||||||||||||||||||||||
Real estate at cost | $ | 17,418,946 | $ | 8,422,297 | $ | 4,243,048 | $ | 2,060,093 | $ | - | $ | 2,693,508 | |||||||||||||
Investments in partially owned entities | 1,249,667 | 904,278 | 100,543 | 6,640 | 83,224 | 154,982 | |||||||||||||||||||
Total assets | 20,097,224 | 9,255,964 | 4,107,636 | 3,374,896 | 83,224 | 3,275,504 | |||||||||||||||||||
See notes on page 141 and 142. | |||||||||||||||||||||||||
25. Segment Information – continued | |||||||||||||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, 2012 | ||||||||||||||||||||||||
Retail | |||||||||||||||||||||||||
Total | New York | Washington, DC | Properties | Toys | Other | ||||||||||||||||||||
Total revenues | $ | 2,649,217 | $ | 1,319,470 | $ | 554,028 | $ | 318,566 | $ | - | $ | 457,153 | |||||||||||||
Total expenses | 1,921,425 | 835,563 | 360,056 | 189,480 | - | 536,326 | |||||||||||||||||||
Operating income (loss) | 727,792 | 483,907 | 193,972 | 129,086 | - | -79,173 | |||||||||||||||||||
Income (loss) from partially owned | |||||||||||||||||||||||||
entities, including Toys | 423,126 | 207,773 | -5,612 | 1,458 | 14,859 | 204,648 | |||||||||||||||||||
Income from Real Estate Fund | 63,936 | - | - | - | - | 63,936 | |||||||||||||||||||
Interest and other investment | |||||||||||||||||||||||||
(loss) income, net | -261,179 | 4,002 | 126 | 21 | - | -265,328 | |||||||||||||||||||
Interest and debt expense | -484,794 | -146,350 | -115,574 | -53,772 | - | -169,098 | |||||||||||||||||||
Net gain on disposition of wholly | |||||||||||||||||||||||||
owned and partially owned assets | 13,347 | - | - | 8,491 | - | 4,856 | |||||||||||||||||||
Income (loss) before income taxes | 482,228 | 549,332 | 72,912 | 85,284 | 14,859 | -240,159 | |||||||||||||||||||
Income tax expense | -8,132 | -3,491 | -1,650 | - | - | -2,991 | |||||||||||||||||||
Income (loss) from continuing | |||||||||||||||||||||||||
operations | 474,096 | 545,841 | 71,262 | 85,284 | 14,859 | -243,150 | |||||||||||||||||||
Income (loss) from discontinued | |||||||||||||||||||||||||
operations | 220,445 | 30,293 | 167,766 | -52,561 | - | 74,947 | |||||||||||||||||||
Net income (loss) | 694,541 | 576,134 | 239,028 | 32,723 | 14,859 | -168,203 | |||||||||||||||||||
Less net (income) loss attributable to | |||||||||||||||||||||||||
noncontrolling interests | -77,281 | -2,138 | - | 1,812 | - | -76,955 | |||||||||||||||||||
Net income (loss) attributable to | |||||||||||||||||||||||||
Vornado | 617,260 | 573,996 | 239,028 | 34,535 | 14,859 | -245,158 | |||||||||||||||||||
Interest and debt expense(2) | 760,523 | 187,855 | 133,625 | 79,462 | 147,880 | 211,701 | |||||||||||||||||||
Depreciation and amortization(2) | 735,293 | 252,257 | 157,816 | 86,529 | 135,179 | 103,512 | |||||||||||||||||||
Income tax expense (benefit)(2) | 7,026 | 3,751 | 1,943 | - | -16,629 | 17,961 | |||||||||||||||||||
EBITDA(1) | $ | 2,120,102 | $ | 1,017,859 | (3) | $ | 532,412 | (4) | $ | 200,526 | (5) | $ | 281,289 | $ | 88,016 | (6) | |||||||||
Balance Sheet Data: | |||||||||||||||||||||||||
Real estate at cost | $ | 17,365,533 | $ | 8,687,141 | $ | 4,171,879 | $ | 2,108,328 | $ | - | $ | 2,398,185 | |||||||||||||
Investments in partially owned entities | 1,704,297 | 576,336 | 95,670 | 7,083 | 478,041 | 547,167 | |||||||||||||||||||
Total assets | 22,065,049 | 9,215,438 | 4,196,694 | 3,583,999 | 478,041 | 4,590,877 | |||||||||||||||||||
See notes on page 141 and 142. | |||||||||||||||||||||||||
25. Segment Information – continued | |||||||||||||||||||||||||
Notes to preceding tabular information: | |||||||||||||||||||||||||
-1 | EBITDA represents "Earnings Before Interest, Taxes, Depreciation and Amortization." We consider EBITDA a supplemental measure for making decisions and assessing the unlevered performance of our segments as it relates to the total return on assets as opposed to the levered return on equity. As properties are bought and sold based on a multiple of EBITDA, we utilize this measure to make investment decisions as well as to compare the performance of our assets to that of our peers. EBITDA should not be considered a substitute for net income. EBITDA may not be comparable to similarly titled measures employed by other companies. | ||||||||||||||||||||||||
-2 | Interest and debt expense, depreciation and amortization and income tax expense (benefit) in the reconciliation of net income (loss) to EBITDA includes our share of these items from partially owned entities. | ||||||||||||||||||||||||
-3 | The elements of "New York" EBITDA are summarized below. | ||||||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | 2012 | ||||||||||||||||||||||
Office(a) | $ | 1,085,262 | $ | 759,941 | $ | 568,518 | |||||||||||||||||||
Retail | 281,428 | 246,808 | 189,484 | ||||||||||||||||||||||
Alexander's(b) | 41,746 | 42,210 | 231,402 | ||||||||||||||||||||||
Hotel Pennsylvania | 30,753 | 30,723 | 28,455 | ||||||||||||||||||||||
Total New York | $ | 1,439,189 | $ | 1,079,682 | $ | 1,017,859 | |||||||||||||||||||
(a) | 2014 and 2013 includes $440,537 and $127,512 net gains on sale of real estate, respectively. | ||||||||||||||||||||||||
(b) | 2012 includes $179,934 for our share of net gain on sale of Kings Plaza. | ||||||||||||||||||||||||
-4 | The elements of "Washington, DC" EBITDA are summarized below. | ||||||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | 2012 | ||||||||||||||||||||||
Office, excluding the Skyline Properties (a) | $ | 266,859 | $ | 268,373 | $ | 449,448 | |||||||||||||||||||
Skyline properties | 27,150 | 29,499 | 40,037 | ||||||||||||||||||||||
Total Office | 294,009 | 297,872 | 489,485 | ||||||||||||||||||||||
Residential | 41,581 | 43,351 | 42,927 | ||||||||||||||||||||||
Total Washington, DC | $ | 335,590 | $ | 341,223 | $ | 532,412 | |||||||||||||||||||
(a) | 2012 includes $163,367 of net gains on sale of real estate. | ||||||||||||||||||||||||
-5 | The elements of "Retail Properties" EBITDA are summarized below. | ||||||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | 2012 | ||||||||||||||||||||||
Strip shopping centers(a) | $ | 219,122 | $ | 285,612 | $ | 172,708 | |||||||||||||||||||
Regional malls(b) | 41,139 | 255,405 | 27,818 | ||||||||||||||||||||||
Total Retail properties | $ | 260,261 | $ | 541,017 | $ | 200,526 | |||||||||||||||||||
(a) | 2014 includes $66,023 of net gains on sale of real estate and $5,676 of impairment losses. 2013 includes $81,806 of net gains on sale of real estate, $59,599 of income pursuant to a settlement agreement with Stop & Shop and a $19,000 real estate impairment loss. 2012 includes $15,821 of net gains on sale of real estate and a $33,775 real estate impairment loss. | ||||||||||||||||||||||||
(b) | 2014 includes $20,842 of impairment losses. 2013 includes a $202,275 net gain on sale of the Green Acres Mall and a $13,443 real estate impairment loss. 2012 includes a $70,100 real estate impairment loss. | ||||||||||||||||||||||||
25. Segment Information – continued | |||||||||||||||||||||||||
Notes to preceding tabular information: | |||||||||||||||||||||||||
-6 | The elements of "other" EBITDA from continuing operations are summarized below. | ||||||||||||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, | ||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Our share of Real Estate Fund: | |||||||||||||||||||||||||
Income before net realized/unrealized gains | $ | 8,056 | $ | 7,752 | $ | 6,385 | |||||||||||||||||||
Net realized/unrealized gains on investments | 37,535 | 23,489 | 13,840 | ||||||||||||||||||||||
Carried interest | 24,715 | 18,230 | 4,379 | ||||||||||||||||||||||
Total | 70,306 | 49,471 | 24,604 | ||||||||||||||||||||||
The Mart and trade shows | 79,636 | 74,270 | 62,470 | ||||||||||||||||||||||
555 California Street | 48,844 | 42,667 | 46,167 | ||||||||||||||||||||||
India real estate ventures | 6,434 | 5,841 | 3,654 | ||||||||||||||||||||||
LNR(a) | - | 20,443 | 75,202 | ||||||||||||||||||||||
Lexington(b) | - | 6,931 | 32,595 | ||||||||||||||||||||||
Other investments | 17,270 | 18,981 | 25,612 | ||||||||||||||||||||||
222,490 | 218,604 | 270,304 | |||||||||||||||||||||||
Corporate general and administrative expenses(c) | -94,929 | -94,904 | -89,082 | ||||||||||||||||||||||
Investment income and other, net(c) | 31,665 | 46,525 | 45,563 | ||||||||||||||||||||||
Acquisition and transaction related costs, and impairment losses(d) | -31,348 | -24,857 | -17,386 | ||||||||||||||||||||||
Net gain on sale of marketable securities, land parcels and residential | |||||||||||||||||||||||||
condominiums | 13,568 | 56,868 | 4,856 | ||||||||||||||||||||||
Our share of debt satisfaction gains and net gains on sale of real estate | |||||||||||||||||||||||||
of partially owned entities | 13,000 | - | - | ||||||||||||||||||||||
Suffolk Downs impairment loss and loan reserve | -10,263 | - | - | ||||||||||||||||||||||
Our share of impairment losses of partially owned entities | -5,771 | - | -4,936 | ||||||||||||||||||||||
Losses from the disposition of investment in J.C. Penney | - | -127,888 | -300,752 | ||||||||||||||||||||||
Severance costs (primarily reduction in force at the Mart) | - | -5,492 | -3,005 | ||||||||||||||||||||||
Purchase price fair value adjustment and accelerated amortization of | |||||||||||||||||||||||||
discount on investment in subordinated debt of Independence Plaza | - | - | 105,366 | ||||||||||||||||||||||
The Mart discontinued operations | - | - | 93,588 | ||||||||||||||||||||||
Net gain resulting from Lexington's stock issuance and asset acquisition | - | - | 28,763 | ||||||||||||||||||||||
Net income attributable to noncontrolling interests in the Operating Partnership | -47,563 | -23,659 | -35,327 | ||||||||||||||||||||||
Preferred unit distributions of the Operating Partnership | -50 | -1,158 | -9,936 | ||||||||||||||||||||||
$ | 90,799 | $ | 44,039 | $ | 88,016 | ||||||||||||||||||||
(a) | On April 19, 2013, LNR was sold. | ||||||||||||||||||||||||
(b) | In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale. This investment was previously accounted for under the equity method (see page 112 for details). | ||||||||||||||||||||||||
(c) | The amounts in these captions (for this table only) exclude income/expense from the mark-to-market of our deferred compensation plan of $11,557, $10,636 and $6,809 for the years ended December 31, 2014, 2013 and 2012, respectively. | ||||||||||||||||||||||||
(d) | The year ended December 31, 2014, includes $14,956 of transaction costs related to the spin-off of our strip shopping centers and malls. | ||||||||||||||||||||||||
SEC_Schedule_II_Valuation_and_
SEC Schedule II Valuation and Qualifying Accounts | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Valuation And Qualifying Accounts [Abstract] | ||||||||||||||||||
Schedule Of Valuation And Qualifying Accounts Disclosure [Text Block] | VORNADO REALTY TRUST | |||||||||||||||||
SCHEDULE II | ||||||||||||||||||
VALUATION AND QUALIFYING ACCOUNTS | ||||||||||||||||||
31-Dec-14 | ||||||||||||||||||
(Amounts in Thousands) | ||||||||||||||||||
Column A | Column B | Column C | Column D | Column E | ||||||||||||||
Additions | ||||||||||||||||||
Balance at | Charged | Uncollectible | Balance | |||||||||||||||
Beginning | Against | Accounts | at End | |||||||||||||||
Description | of Year | Operations | Written-off | of Year | ||||||||||||||
Year Ended December 31, 2014: | ||||||||||||||||||
Allowance for doubtful accounts | $ | 32,069 | $ | 3,614 | $ | -9,624 | $ | 26,059 | ||||||||||
Year Ended December 31, 2013: | ||||||||||||||||||
Allowance for doubtful accounts | $ | 40,839 | $ | 11,417 | $ | -20,187 | $ | 32,069 | ||||||||||
Year Ended December 31, 2012: | ||||||||||||||||||
Allowance for doubtful accounts | $ | 46,531 | $ | 9,697 | $ | -15,389 | $ | 40,839 |
SEC_Schedule_III_Real_Estate_a
SEC Schedule III Real Estate and Accumulated Depreciation | 12 Months Ended | |||||||||||||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||||||||||||
Real Estate and Accumulated Depreciation Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||
Real Estate And Accumulated Depreciation Disclosure [Text Block] | VORNADO REALTY TRUST | |||||||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||||||||||||||
COLUMN A | COLUMN B | COLUMN C | COLUMN D | COLUMN E | COLUMN F | COLUMN G | COLUMN H | COLUMN I | ||||||||||||||||||||||||||
Gross amount at which | Life on which | |||||||||||||||||||||||||||||||||
Initial cost to company (1) | carried at close of period | depreciation | ||||||||||||||||||||||||||||||||
Costs | Accumulated | in latest | ||||||||||||||||||||||||||||||||
Building | capitalized | Buildings | depreciation | income | ||||||||||||||||||||||||||||||
and | subsequent | and | and | Date of | Date | statement | ||||||||||||||||||||||||||||
Description | Encumbrances | Land | improvements | to acquisition | Land | improvements | Total (2) | amortization | construction (3) | acquired | is computed | |||||||||||||||||||||||
New York | ||||||||||||||||||||||||||||||||||
New York | ||||||||||||||||||||||||||||||||||
Manhattan | ||||||||||||||||||||||||||||||||||
1290 Avenue of the Americas | $ | 950,000 | $ | 515,539 | $ | 923,653 | $ | 125,754 | $ | 515,540 | $ | 1,049,406 | $ | 1,564,946 | $ | 204,622 | 1963 | 2007 | -4 | |||||||||||||||
697-703 5th Avenue (St. Regis) | - | 152,825 | 584,230 | - | 152,825 | 584,230 | 737,055 | 2,591 | 2014 | -4 | ||||||||||||||||||||||||
350 Park Avenue | 294,484 | 265,889 | 363,381 | 44,888 | 265,890 | 408,268 | 674,158 | 82,124 | 1960 | 2006 | -4 | |||||||||||||||||||||||
666 Fifth Avenue (Retail Condo) | 390,000 | 189,005 | 471,072 | - | 189,005 | 471,072 | 660,077 | 25,020 | 2012 | -4 | ||||||||||||||||||||||||
One Penn Plaza | - | - | 412,169 | 195,595 | - | 607,764 | 607,764 | 249,036 | 1972 | 1998 | -4 | |||||||||||||||||||||||
100 West 33rd Street (Manhattan Mall) | 223,242 | 242,776 | 247,970 | 31,257 | 242,777 | 279,226 | 522,003 | 52,608 | 1911 | 2007 | -4 | |||||||||||||||||||||||
1535 Broadway (Marriott Marquis) | - | - | 249,285 | 123,615 | - | 372,900 | 372,900 | 528 | 2012 | -4 | ||||||||||||||||||||||||
1540 Broadway | - | 105,914 | 214,208 | 26,132 | 105,914 | 240,340 | 346,254 | 35,089 | 2006 | -4 | ||||||||||||||||||||||||
655 Fifth Avenue | 140,000 | 102,594 | 231,903 | - | 102,594 | 231,903 | 334,497 | 7,305 | 2013 | -4 | ||||||||||||||||||||||||
Two Penn Plaza | 575,000 | 53,615 | 164,903 | 88,592 | 52,689 | 254,421 | 307,110 | 124,324 | 1968 | 1997 | -4 | |||||||||||||||||||||||
Manhattan Mall | 101,758 | 88,595 | 113,473 | 71,769 | 88,595 | 185,242 | 273,837 | 44,006 | 2009 | 2007 | -4 | |||||||||||||||||||||||
770 Broadway | 353,000 | 52,898 | 95,686 | 96,360 | 52,898 | 192,046 | 244,944 | 81,108 | 1907 | 1998 | -4 | |||||||||||||||||||||||
90 Park Avenue | - | 8,000 | 175,890 | 51,271 | 8,000 | 227,161 | 235,161 | 96,584 | 1964 | 1997 | -4 | |||||||||||||||||||||||
888 Seventh Avenue | 318,554 | - | 117,269 | 116,624 | - | 233,893 | 233,893 | 97,295 | 1980 | 1998 | -4 | |||||||||||||||||||||||
909 Third Avenue | 350,000 | - | 120,723 | 81,627 | - | 202,350 | 202,350 | 70,234 | 1969 | 1999 | -4 | |||||||||||||||||||||||
Eleven Penn Plaza | 450,000 | 40,333 | 85,259 | 70,124 | 40,333 | 155,383 | 195,716 | 67,353 | 1923 | 1997 | -4 | |||||||||||||||||||||||
7 West 34th Street | - | - | - | 179,579 | 34,614 | 144,965 | 179,579 | 58,186 | 1901 | 2000 | -4 | |||||||||||||||||||||||
640 Fifth Avenue | - | 38,224 | 25,992 | 113,920 | 38,224 | 139,912 | 178,136 | 70,078 | 1950 | 1997 | -4 | |||||||||||||||||||||||
150 East 58th Street | - | 39,303 | 80,216 | 35,385 | 39,303 | 115,601 | 154,904 | 46,971 | 1969 | 1998 | -4 | |||||||||||||||||||||||
595 Madison Avenue | - | 62,731 | 62,888 | 22,407 | 62,731 | 85,295 | 148,026 | 30,921 | 1968 | 1999 | -4 | |||||||||||||||||||||||
828-850 Madison Avenue | 80,000 | 107,937 | 28,261 | 10 | 107,937 | 28,271 | 136,208 | 6,831 | 2005 | -4 | ||||||||||||||||||||||||
715 Lexington Avenue | - | - | 26,903 | 63,000 | 63,000 | 26,903 | 89,903 | 6,553 | 1923 | 2001 | -4 | |||||||||||||||||||||||
4 Union Square South | 119,847 | 24,079 | 55,220 | 2,614 | 24,079 | 57,834 | 81,913 | 14,903 | 1965/2004 | 1993 | -4 | |||||||||||||||||||||||
330 West 34th Street | - | - | 8,599 | 67,997 | - | 76,596 | 76,596 | 1,957 | 1925 | 1998 | -4 | |||||||||||||||||||||||
510 Fifth Avenue | 30,154 | 34,602 | 18,728 | 18,806 | 34,602 | 37,534 | 72,136 | 4,541 | 2010 | -4 | ||||||||||||||||||||||||
478-482 Broadway | - | 20,000 | 13,375 | 28,546 | 20,000 | 41,921 | 61,921 | 6,490 | 2009 | 2007 | -4 | |||||||||||||||||||||||
20 Broad Street | - | - | 28,760 | 27,302 | - | 56,062 | 56,062 | 19,666 | 1956 | 1998 | -4 | |||||||||||||||||||||||
40 Fulton Street | - | 15,732 | 26,388 | 13,932 | 15,732 | 40,320 | 56,052 | 16,298 | 1987 | 1998 | -4 | |||||||||||||||||||||||
689 Fifth Avenue | - | 19,721 | 13,446 | 19,764 | 19,721 | 33,210 | 52,931 | 7,999 | 1925 | 1998 | -4 | |||||||||||||||||||||||
443 Broadway | - | 11,187 | 41,186 | - | 11,187 | 41,186 | 52,373 | 1,651 | 2013 | -4 | ||||||||||||||||||||||||
40 East 66th Street | - | 13,616 | 34,635 | 142 | 13,616 | 34,777 | 48,393 | 7,848 | 2005 | -4 | ||||||||||||||||||||||||
155 Spring Street | - | 13,700 | 30,544 | 2,469 | 13,700 | 33,013 | 46,713 | 6,589 | 2007 | -4 | ||||||||||||||||||||||||
435 Seventh Avenue | 98,000 | 19,893 | 19,091 | 37 | 19,893 | 19,128 | 39,021 | 5,964 | 2002 | 1997 | -4 | |||||||||||||||||||||||
3040 M Street | - | 7,830 | 27,490 | 3,256 | 7,830 | 30,746 | 38,576 | 6,978 | 2006 | -4 | ||||||||||||||||||||||||
692 Broadway | - | 6,053 | 22,908 | 3,536 | 6,053 | 26,444 | 32,497 | 6,124 | 2005 | -4 | ||||||||||||||||||||||||
608 Fifth Avenue | - | - | - | 30,826 | - | 30,826 | 30,826 | 1,334 | 1932 | 2012 | -4 | |||||||||||||||||||||||
677-679 Madison Avenue | - | 13,070 | 9,640 | 388 | 13,070 | 10,028 | 23,098 | 2,145 | 2006 | -4 | ||||||||||||||||||||||||
484-486 Broadway | - | 10,000 | 6,688 | 5,040 | 10,000 | 11,728 | 21,728 | 1,746 | 2009 | 2007 | -4 | |||||||||||||||||||||||
VORNADO REALTY TRUST | ||||||||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||||||||||||||
COLUMN A | COLUMN B | COLUMN C | COLUMN D | COLUMN E | COLUMN F | COLUMN G | COLUMN H | COLUMN I | ||||||||||||||||||||||||||
Gross amount at which | Life on which | |||||||||||||||||||||||||||||||||
Initial cost to company (1) | carried at close of period | depreciation | ||||||||||||||||||||||||||||||||
Costs | Accumulated | in latest | ||||||||||||||||||||||||||||||||
Building | capitalized | Buildings | depreciation | income | ||||||||||||||||||||||||||||||
and | subsequent | and | and | Date of | Date | statement | ||||||||||||||||||||||||||||
Description | Encumbrances | Land | improvements | to acquisition | Land | improvements | Total (2) | amortization | construction (3) | acquired | is computed | |||||||||||||||||||||||
1135 Third Avenue | $ | - | $ | 7,844 | $ | 7,844 | $ | 5,197 | $ | 7,844 | $ | 13,041 | $ | 20,885 | $ | 363 | 1997 | -4 | ||||||||||||||||
431 Seventh Avenue | - | 16,700 | 2,751 | - | 16,700 | 2,751 | 19,451 | 533 | 2007 | -4 | ||||||||||||||||||||||||
304 - 306 Canal Street | - | 3,511 | 12,905 | - | 3,511 | 12,905 | 16,416 | - | 2014 | -4 | ||||||||||||||||||||||||
334 Canal Street | - | 1,693 | 6,507 | 7,107 | 1,693 | 13,614 | 15,307 | 5 | 2011 | -4 | ||||||||||||||||||||||||
267 West 34th Street | - | 5,099 | 10,037 | - | 5,099 | 10,037 | 15,136 | 295 | 2013 | -4 | ||||||||||||||||||||||||
1540 Broadway Garage | - | 4,086 | 8,914 | - | 4,086 | 8,914 | 13,000 | 1,912 | 1990 | 2006 | -4 | |||||||||||||||||||||||
966 Third Avenue | - | 8,869 | 3,631 | - | 8,869 | 3,631 | 12,500 | 121 | 2013 | -4 | ||||||||||||||||||||||||
148 Spring Street | - | 3,200 | 8,112 | 392 | 3,200 | 8,504 | 11,704 | 1,396 | 2008 | -4 | ||||||||||||||||||||||||
150 Spring Street | - | 3,200 | 5,822 | 266 | 3,200 | 6,088 | 9,288 | 1,016 | 2008 | -4 | ||||||||||||||||||||||||
488 Eighth Avenue | - | 10,650 | 1,767 | -4,674 | 6,859 | 884 | 7,743 | 156 | 2007 | -4 | ||||||||||||||||||||||||
484 Eighth Avenue | - | 3,856 | 762 | 383 | 3,856 | 1,145 | 5,001 | 345 | 1997 | -4 | ||||||||||||||||||||||||
825 Seventh Avenue | - | 1,483 | 697 | 33 | 1,483 | 730 | 2,213 | 322 | 1997 | -4 | ||||||||||||||||||||||||
Other (Including Signage) | - | - | 5,548 | 88,732 | - | 94,280 | 94,280 | 13,659 | ||||||||||||||||||||||||||
Total New York | 4,474,039 | 2,345,852 | 5,227,329 | 1,860,000 | 2,438,752 | 6,994,429 | 9,433,181 | 1,591,723 | ||||||||||||||||||||||||||
New Jersey | ||||||||||||||||||||||||||||||||||
Paramus | - | - | - | 27,521 | 1,033 | 26,488 | 27,521 | 16,868 | 1967 | 1987 | -4 | |||||||||||||||||||||||
Other Properties | ||||||||||||||||||||||||||||||||||
Hotel Pennsylvania | - | 29,903 | 121,712 | 81,199 | 29,903 | 202,911 | 232,814 | 85,990 | 1919 | 1997 | -4 | |||||||||||||||||||||||
Total New York | 4,474,039 | 2,375,755 | 5,349,041 | 1,968,720 | 2,469,688 | 7,223,828 | 9,693,516 | 1,694,581 | ||||||||||||||||||||||||||
Washington, DC | ||||||||||||||||||||||||||||||||||
Washington, DC | ||||||||||||||||||||||||||||||||||
2011-2451 Crystal Drive | 223,652 | 100,935 | 409,920 | 138,116 | 100,229 | 548,742 | 648,971 | 196,953 | 1984-1989 | 2002 | -4 | |||||||||||||||||||||||
2001 Jefferson Davis Highway, | ||||||||||||||||||||||||||||||||||
2100/2200 Crystal Drive, 223 23rd | ||||||||||||||||||||||||||||||||||
Street, 2221 South Clark Street, Crystal | ||||||||||||||||||||||||||||||||||
City Shops at 2100, 220 20th Street | 71,256 | 57,213 | 131,206 | 180,729 | 49,683 | 319,465 | 369,148 | 71,562 | 1964-1969 | 2002 | -4 | |||||||||||||||||||||||
1550-1750 Crystal Drive/ | ||||||||||||||||||||||||||||||||||
241-251 18th Street | 40,865 | 64,817 | 218,330 | 78,232 | 64,652 | 296,727 | 361,379 | 99,573 | 1974-1980 | 2002 | -4 | |||||||||||||||||||||||
Riverhouse Apartments | 259,546 | 118,421 | 125,078 | 69,507 | 138,819 | 174,187 | 313,006 | 35,074 | 2007 | -4 | ||||||||||||||||||||||||
Skyline Place (6 buildings) | 456,421 | 41,986 | 221,869 | 29,537 | 41,862 | 251,530 | 293,392 | 84,826 | 1973-1984 | 2002 | -4 | |||||||||||||||||||||||
1215, 1225 S. Clark Street/ 200, 201 | ||||||||||||||||||||||||||||||||||
12th Street S. | 58,829 | 47,594 | 177,373 | 44,496 | 47,465 | 221,998 | 269,463 | 72,395 | 1983-1987 | 2002 | -4 | |||||||||||||||||||||||
1229-1231 25th Street (West End 25) | 101,671 | 67,049 | 5,039 | 106,659 | 68,198 | 110,549 | 178,747 | 14,439 | 2007 | -4 | ||||||||||||||||||||||||
Met Park / Warehouses | - | 106,946 | 1,326 | 67,761 | 82,898 | 93,135 | 176,033 | 1,321 | 2007 | -4 | ||||||||||||||||||||||||
2101 L Street | 148,922 | 32,815 | 51,642 | 83,554 | 39,768 | 128,243 | 168,011 | 30,848 | 1975 | 2003 | -4 | |||||||||||||||||||||||
2200 / 2300 Clarendon Blvd | 35,132 | - | 105,475 | 45,831 | - | 151,306 | 151,306 | 50,525 | 1988-1989 | 2002 | -4 | |||||||||||||||||||||||
1800, 1851 and 1901 South Bell Street | - | 37,551 | 118,806 | -7,053 | 37,551 | 111,753 | 149,304 | 31,493 | 1968 | 2002 | -4 | |||||||||||||||||||||||
Bowen Building - 875 15th Street, NW | 115,022 | 30,077 | 98,962 | 1,962 | 30,176 | 100,825 | 131,001 | 24,031 | 2004 | 2005 | -4 | |||||||||||||||||||||||
1875 Connecticut Ave, NW | 92,500 | 36,303 | 82,004 | 7,269 | 35,886 | 89,690 | 125,576 | 20,162 | 1963 | 2007 | -4 | |||||||||||||||||||||||
One Skyline Tower | 138,938 | 12,266 | 75,343 | 36,416 | 12,231 | 111,794 | 124,025 | 38,697 | 1988 | 2002 | -4 | |||||||||||||||||||||||
VORNADO REALTY TRUST | ||||||||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||||||||||||||
COLUMN A | COLUMN B | COLUMN C | COLUMN D | COLUMN E | COLUMN F | COLUMN G | COLUMN H | COLUMN I | ||||||||||||||||||||||||||
Gross amount at which | Life on which | |||||||||||||||||||||||||||||||||
Initial cost to company (1) | carried at close of period | depreciation | ||||||||||||||||||||||||||||||||
Costs | Accumulated | in latest | ||||||||||||||||||||||||||||||||
Building | capitalized | Buildings | depreciation | income | ||||||||||||||||||||||||||||||
and | subsequent | and | and | Date of | Date | statement | ||||||||||||||||||||||||||||
Description | Encumbrances | Land | improvements | to acquisition | Land | improvements | Total (2) | amortization | construction (3) | acquired | is computed | |||||||||||||||||||||||
1399 New York Avenue, NW | $ | - | $ | 33,481 | $ | 67,363 | $ | 5,736 | $ | 34,178 | $ | 72,402 | $ | 106,580 | $ | 7,425 | 2011 | -4 | ||||||||||||||||
Commerce Executive | - | 13,401 | 58,705 | 20,283 | 13,140 | 79,249 | 92,389 | 25,710 | 1985-1989 | 2002 | -4 | |||||||||||||||||||||||
Seven Skyline Place | 103,971 | 10,292 | 58,351 | 23,086 | 10,262 | 81,467 | 91,729 | 18,906 | 2001 | 2002 | -4 | |||||||||||||||||||||||
1825 Connecticut Ave, NW | 92,500 | 33,090 | 61,316 | -4,958 | 32,726 | 56,722 | 89,448 | 13,335 | 1956 | 2007 | -4 | |||||||||||||||||||||||
1235 S. Clark Street | - | 15,826 | 53,894 | 18,636 | 15,826 | 72,530 | 88,356 | 22,186 | 1981 | 2002 | -4 | |||||||||||||||||||||||
H Street - North 10-1D Land Parcel | - | 104,473 | 55 | -33,488 | 61,970 | 9,070 | 71,040 | - | 2007 | -4 | ||||||||||||||||||||||||
1750 Pennsylvania Avenue | - | 20,020 | 30,032 | 15,094 | 21,170 | 43,976 | 65,146 | 11,250 | 1964 | 2002 | -4 | |||||||||||||||||||||||
Crystal City Hotel | - | 8,000 | 47,191 | 9,316 | 8,000 | 56,507 | 64,507 | 14,565 | 1968 | 2004 | -4 | |||||||||||||||||||||||
1150 17th Street | 28,728 | 23,359 | 24,876 | 15,224 | 24,723 | 38,736 | 63,459 | 14,992 | 1970 | 2002 | -4 | |||||||||||||||||||||||
1730 M Street | 14,853 | 10,095 | 17,541 | 9,895 | 10,687 | 26,844 | 37,531 | 10,198 | 1963 | 2002 | -4 | |||||||||||||||||||||||
Democracy Plaza One | - | - | 33,628 | 3,321 | - | 36,949 | 36,949 | 16,407 | 1987 | 2002 | -4 | |||||||||||||||||||||||
1726 M Street | - | 9,450 | 22,062 | 3,433 | 9,455 | 25,490 | 34,945 | 6,036 | 1964 | 2006 | -4 | |||||||||||||||||||||||
Crystal Drive Retail | - | - | 20,465 | 6,771 | - | 27,236 | 27,236 | 10,325 | 2004 | 2004 | -4 | |||||||||||||||||||||||
1109 South Capitol Street | - | 11,541 | 178 | -253 | 11,597 | -131 | 11,466 | - | 2007 | -4 | ||||||||||||||||||||||||
South Capitol | - | 4,009 | 6,273 | -1,741 | - | 8,541 | 8,541 | - | 2005 | -4 | ||||||||||||||||||||||||
H Street | - | 1,763 | 641 | 41 | 1,763 | 682 | 2,445 | 161 | 2005 | -4 | ||||||||||||||||||||||||
Other | - | - | 51,767 | -37,673 | - | 14,094 | 14,094 | 156 | ||||||||||||||||||||||||||
Total Washington, DC | 1,982,806 | 1,052,773 | 2,376,711 | 935,739 | 1,004,915 | 3,360,308 | 4,365,223 | 943,551 | ||||||||||||||||||||||||||
Retail Properties | ||||||||||||||||||||||||||||||||||
California | ||||||||||||||||||||||||||||||||||
Walnut Creek (1149 S. Main St) | - | 2,699 | 19,930 | - | 2,699 | 19,930 | 22,629 | 4,599 | 2006 | -4 | ||||||||||||||||||||||||
Signal Hill | - | 9,652 | 2,940 | 2 | 9,653 | 2,941 | 12,594 | 607 | 2006 | -4 | ||||||||||||||||||||||||
Walnut Creek (1556 Mount Diablo Blvd) | - | 5,909 | - | 1,536 | 5,908 | 1,537 | 7,445 | 129 | 2007 | -4 | ||||||||||||||||||||||||
Vallejo | - | - | 2,945 | 221 | - | 3,166 | 3,166 | 654 | 2006 | -4 | ||||||||||||||||||||||||
Total California | - | 18,260 | 25,815 | 1,759 | 18,260 | 27,574 | 45,834 | 5,989 | ||||||||||||||||||||||||||
Connecticut | ||||||||||||||||||||||||||||||||||
Waterbury | 13,643 | 667 | 4,504 | 4,666 | 667 | 9,170 | 9,837 | 6,077 | 1969 | 1969 | -4 | |||||||||||||||||||||||
Newington | 10,969 | 2,421 | 1,200 | 1,193 | 2,421 | 2,393 | 4,814 | 801 | 1965 | 1965 | -4 | |||||||||||||||||||||||
Total Connecticut | 24,612 | 3,088 | 5,704 | 5,859 | 3,088 | 11,563 | 14,651 | 6,878 | ||||||||||||||||||||||||||
VORNADO REALTY TRUST | ||||||||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||||||||||||||
COLUMN A | COLUMN B | COLUMN C | COLUMN D | COLUMN E | COLUMN F | COLUMN G | COLUMN H | COLUMN I | ||||||||||||||||||||||||||
Gross amount at which | Life on which | |||||||||||||||||||||||||||||||||
Initial cost to company (1) | carried at close of period | depreciation | ||||||||||||||||||||||||||||||||
Costs | Accumulated | in latest | ||||||||||||||||||||||||||||||||
Building | capitalized | Buildings | depreciation | income | ||||||||||||||||||||||||||||||
and | subsequent | and | and | Date of | Date | statement | ||||||||||||||||||||||||||||
Description | Encumbrances | Land | improvements | to acquisition | Land | improvements | Total (2) | amortization | construction (3) | acquired | is computed | |||||||||||||||||||||||
Maryland | ||||||||||||||||||||||||||||||||||
Rockville | $ | - | $ | 3,470 | $ | 20,599 | $ | 810 | $ | 3,470 | $ | 21,409 | $ | 24,879 | $ | 5,106 | 2005 | -4 | ||||||||||||||||
Baltimore (Towson) | 15,248 | 581 | 3,227 | 10,498 | 581 | 13,725 | 14,306 | 5,741 | 1968 | 1968 | -4 | |||||||||||||||||||||||
Annapolis | - | - | 9,652 | - | - | 9,652 | 9,652 | 2,956 | 2005 | -4 | ||||||||||||||||||||||||
Wheaton | - | - | 5,367 | - | - | 5,367 | 5,367 | 1,107 | 2006 | -4 | ||||||||||||||||||||||||
Glen Burnie | - | 462 | 2,571 | 1,807 | 462 | 4,378 | 4,840 | 3,088 | 1958 | 1958 | -4 | |||||||||||||||||||||||
Total Maryland | 15,248 | 4,513 | 41,416 | 13,115 | 4,513 | 54,531 | 59,044 | 17,998 | ||||||||||||||||||||||||||
Massachusetts | ||||||||||||||||||||||||||||||||||
Springfield | 5,591 | 2,797 | 2,471 | 591 | 2,797 | 3,062 | 5,859 | 1,111 | 1993 | 1966 | -4 | |||||||||||||||||||||||
Chicopee | 8,106 | 895 | - | - | 895 | - | 895 | - | 1969 | 1969 | -4 | |||||||||||||||||||||||
Cambridge | - | - | - | 260 | - | 260 | 260 | 176 | ||||||||||||||||||||||||||
Total Massachusetts | 13,697 | 3,692 | 2,471 | 851 | 3,692 | 3,322 | 7,014 | 1,287 | ||||||||||||||||||||||||||
New Hampshire | ||||||||||||||||||||||||||||||||||
Salem | - | 6,083 | - | - | 6,083 | - | 6,083 | - | 2006 | -4 | ||||||||||||||||||||||||
New Jersey | ||||||||||||||||||||||||||||||||||
Paramus (Bergen Town Center) | 300,000 | 19,884 | 81,723 | 376,240 | 37,635 | 440,212 | 477,847 | 82,904 | 1957/2009 | 2003 | -4 | |||||||||||||||||||||||
North Bergen (Tonnelle Ave) | 75,000 | 24,493 | - | 63,717 | 31,806 | 56,404 | 88,210 | 9,486 | 2009 | 2006 | -4 | |||||||||||||||||||||||
Union (Springfield Avenue) | 27,822 | 19,700 | 45,090 | - | 19,700 | 45,090 | 64,790 | 8,548 | 2007 | -4 | ||||||||||||||||||||||||
Wayne Towne Center | - | - | 26,137 | 22,842 | - | 48,979 | 48,979 | 5,575 | 2010 | -4 | ||||||||||||||||||||||||
East Rutherford | 13,269 | - | 36,727 | 60 | - | 36,787 | 36,787 | 5,284 | 2007 | 2007 | -4 | |||||||||||||||||||||||
Garfield | - | 45 | 8,068 | 25,707 | 45 | 33,775 | 33,820 | 6,962 | 2009 | 1998 | -4 | |||||||||||||||||||||||
East Hanover I and II | 41,786 | 2,232 | 18,241 | 12,033 | 2,671 | 29,835 | 32,506 | 15,472 | 1962 | 1962/1998 | -4 | |||||||||||||||||||||||
Lodi (Washington Street) | - | 7,606 | 13,125 | 2,596 | 7,606 | 15,721 | 23,327 | 3,494 | 2004 | -4 | ||||||||||||||||||||||||
Bricktown | 31,192 | 1,391 | 11,179 | 6,317 | 1,391 | 17,496 | 18,887 | 12,300 | 1968 | 1968 | -4 | |||||||||||||||||||||||
East Brunswick II (339-341 Route 18 S.) | 11,503 | 2,098 | 10,949 | 4,056 | 2,098 | 15,005 | 17,103 | 9,184 | 1972 | 1972 | -4 | |||||||||||||||||||||||
Hazlet | - | 7,400 | 9,413 | - | 7,400 | 9,413 | 16,813 | 1,784 | 2007 | -4 | ||||||||||||||||||||||||
Totowa | 24,183 | 120 | 11,994 | 4,653 | 92 | 16,675 | 16,767 | 12,839 | 1957/1999 | 1957 | -4 | |||||||||||||||||||||||
Carlstadt | - | - | 16,457 | 1 | - | 16,458 | 16,458 | 2,959 | 2007 | -4 | ||||||||||||||||||||||||
VORNADO REALTY TRUST | ||||||||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||||||||||||||
COLUMN A | COLUMN B | COLUMN C | COLUMN D | COLUMN E | COLUMN F | COLUMN G | COLUMN H | COLUMN I | ||||||||||||||||||||||||||
Gross amount at which | Life on which | |||||||||||||||||||||||||||||||||
Initial cost to company (1) | carried at close of period | depreciation | ||||||||||||||||||||||||||||||||
Costs | Accumulated | in latest | ||||||||||||||||||||||||||||||||
Building | capitalized | Buildings | depreciation | income | ||||||||||||||||||||||||||||||
and | subsequent | and | and | Date of | Date | statement | ||||||||||||||||||||||||||||
Description | Encumbrances | Land | improvements | to acquisition | Land | improvements | Total (2) | amortization | construction (3) | acquired | is computed | |||||||||||||||||||||||
North Plainfield | $ | - | $ | 6,577 | $ | 13,983 | $ | -5,507 | $ | 6,577 | $ | 8,476 | $ | 15,053 | $ | 2,999 | 1955 | 1989 | -4 | |||||||||||||||
Marlton | 16,853 | 1,611 | 3,464 | 9,960 | 1,454 | 13,581 | 15,035 | 8,538 | 1973 | 1973 | -4 | |||||||||||||||||||||||
Hackensack | 39,592 | 692 | 10,219 | 3,284 | 692 | 13,503 | 14,195 | 9,657 | 1963 | 1963 | -4 | |||||||||||||||||||||||
Union (Route 22 and Morris Ave) | 31,567 | 3,025 | 7,470 | 3,394 | 3,025 | 10,864 | 13,889 | 5,275 | 1962 | 1962 | -4 | |||||||||||||||||||||||
Manalapan | 20,545 | 725 | 7,189 | 5,534 | 1,046 | 12,402 | 13,448 | 8,177 | 1971 | 1971 | -4 | |||||||||||||||||||||||
Cherry Hill | 13,536 | 5,864 | 2,694 | 4,177 | 4,864 | 7,871 | 12,735 | 3,985 | 1964 | 1964 | -4 | |||||||||||||||||||||||
South Plainfield | 5,003 | - | 10,044 | 1,582 | - | 11,626 | 11,626 | 2,221 | 2007 | -4 | ||||||||||||||||||||||||
Watchung | 14,713 | 4,178 | 5,463 | 1,711 | 4,441 | 6,911 | 11,352 | 4,240 | 1994 | 1959 | -4 | |||||||||||||||||||||||
Englewood | 11,571 | 2,300 | 17,245 | -8,390 | 1,495 | 9,660 | 11,155 | 566 | 2007 | -4 | ||||||||||||||||||||||||
Dover | 12,841 | 559 | 6,363 | 3,598 | 559 | 9,961 | 10,520 | 6,628 | 1964 | 1964 | -4 | |||||||||||||||||||||||
Eatontown | - | 4,653 | 4,999 | 326 | 4,653 | 5,325 | 9,978 | 1,371 | 2005 | -4 | ||||||||||||||||||||||||
Lodi (Route 17 N.) | 11,075 | 238 | 9,446 | - | 238 | 9,446 | 9,684 | 3,599 | 1999 | 1975 | -4 | |||||||||||||||||||||||
Morris Plains | 20,866 | 1,104 | 6,411 | 1,101 | 1,104 | 7,512 | 8,616 | 6,934 | 1961 | 1985 | -4 | |||||||||||||||||||||||
Jersey City | 19,796 | 652 | 7,495 | 468 | 652 | 7,963 | 8,615 | 2,799 | 1965 | 1965 | -4 | |||||||||||||||||||||||
East Brunswick I (325-333 Route 18 S.) | 24,290 | 319 | 6,220 | 1,959 | 319 | 8,179 | 8,498 | 6,725 | 1957 | 1957 | -4 | |||||||||||||||||||||||
Middletown | 16,960 | 283 | 5,248 | 2,450 | 283 | 7,698 | 7,981 | 5,669 | 1963 | 1963 | -4 | |||||||||||||||||||||||
Woodbridge | 20,171 | 1,509 | 2,675 | 1,969 | 1,539 | 4,614 | 6,153 | 2,636 | 1959 | 1959 | -4 | |||||||||||||||||||||||
Lawnside | 10,433 | 851 | 3,164 | 1,351 | 851 | 4,515 | 5,366 | 4,313 | 1969 | 1969 | -4 | |||||||||||||||||||||||
Kearny | - | 309 | 3,376 | 1,489 | 309 | 4,865 | 5,174 | 3,667 | 1938 | 1959 | -4 | |||||||||||||||||||||||
Turnersville | - | 900 | 1,342 | 1,094 | 900 | 2,436 | 3,336 | 2,194 | 1974 | 1974 | -4 | |||||||||||||||||||||||
North Bergen (Kennedy Blvd) | 4,976 | 2,308 | 636 | 13 | 2,308 | 649 | 2,957 | 447 | 1993 | 1959 | -4 | |||||||||||||||||||||||
Montclair | 2,568 | 66 | 419 | 381 | 66 | 800 | 866 | 694 | 1972 | 1972 | -4 | |||||||||||||||||||||||
Total New Jersey | 822,111 | 123,692 | 424,668 | 550,166 | 147,819 | 950,707 | 1,098,526 | 270,125 | ||||||||||||||||||||||||||
New York | ||||||||||||||||||||||||||||||||||
Bronx (Bruckner Blvd) | - | 66,100 | 259,503 | -63,515 | 61,618 | 200,470 | 262,088 | 6,160 | 2007 | -4 | ||||||||||||||||||||||||
Huntington | 16,265 | 21,200 | 33,667 | 1,690 | 21,200 | 35,357 | 56,557 | 6,173 | 2007 | -4 | ||||||||||||||||||||||||
Mt. Kisco | 27,733 | 22,700 | 26,700 | 784 | 23,297 | 26,887 | 50,184 | 4,653 | 2007 | -4 | ||||||||||||||||||||||||
Bronx (1750-1780 Gun Hill Road) | - | 6,427 | 11,885 | 19,159 | 6,428 | 31,043 | 37,471 | 5,028 | 2009 | 2005 | -4 | |||||||||||||||||||||||
Staten Island | 17,000 | 11,446 | 21,262 | 2,725 | 11,446 | 23,987 | 35,433 | 6,075 | 2004 | -4 | ||||||||||||||||||||||||
Inwood | - | 12,419 | 19,097 | 795 | 12,419 | 19,892 | 32,311 | 4,974 | 2004 | -4 | ||||||||||||||||||||||||
Buffalo (Amherst) | - | 5,743 | 4,056 | 13,008 | 5,107 | 17,700 | 22,807 | 6,306 | 1968 | 1968 | -4 | |||||||||||||||||||||||
West Babylon | - | 6,720 | 13,786 | 201 | 6,720 | 13,987 | 20,707 | 2,700 | 2007 | -4 | ||||||||||||||||||||||||
Freeport (437 E. Sunrise Highway) | 20,866 | 1,231 | 4,747 | 3,091 | 1,231 | 7,838 | 9,069 | 5,343 | 1981 | 1981 | -4 | |||||||||||||||||||||||
Dewitt | - | - | 7,116 | - | - | 7,116 | 7,116 | 1,453 | 2006 | -4 | ||||||||||||||||||||||||
Oceanside | - | 2,710 | 2,306 | - | 2,710 | 2,306 | 5,016 | 437 | 2007 | -4 | ||||||||||||||||||||||||
VORNADO REALTY TRUST | ||||||||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||||||||||||||
COLUMN A | COLUMN B | COLUMN C | COLUMN D | COLUMN E | COLUMN F | COLUMN G | COLUMN H | COLUMN I | ||||||||||||||||||||||||||
Gross amount at which | Life on which | |||||||||||||||||||||||||||||||||
Initial cost to company (1) | carried at close of period | depreciation | ||||||||||||||||||||||||||||||||
Costs | Accumulated | in latest | ||||||||||||||||||||||||||||||||
Building | capitalized | Buildings | depreciation | income | ||||||||||||||||||||||||||||||
and | subsequent | and | and | Date of | Date | statement | ||||||||||||||||||||||||||||
Description | Encumbrances | Land | improvements | to acquisition | Land | improvements | Total (2) | amortization | construction (3) | acquired | is computed | |||||||||||||||||||||||
Rochester (Henrietta) | $ | - | $ | - | $ | 2,647 | $ | 1,149 | $ | - | $ | 3,796 | $ | 3,796 | $ | 3,324 | 1971 | 1971 | -4 | |||||||||||||||
Rochester | 4,280 | 2,172 | - | - | 2,172 | - | 2,172 | - | 1966 | 1966 | -4 | |||||||||||||||||||||||
Freeport (240 West Sunrise Highway) | - | - | - | 260 | - | 260 | 260 | 151 | 2005 | -4 | ||||||||||||||||||||||||
Commack | - | - | 43 | 184 | - | 227 | 227 | 123 | 2006 | -4 | ||||||||||||||||||||||||
New Hyde Park | - | - | 4 | - | - | 4 | 4 | 126 | 1970 | 1976 | -4 | |||||||||||||||||||||||
Total New York | 86,144 | 158,868 | 406,819 | -20,469 | 154,348 | 390,870 | 545,218 | 53,026 | ||||||||||||||||||||||||||
Pennsylvania | ||||||||||||||||||||||||||||||||||
Wilkes-Barre | - | 6,053 | 26,646 | 794 | 6,053 | 27,440 | 33,493 | 4,931 | 2007 | -4 | ||||||||||||||||||||||||
Allentown | 29,266 | 187 | 15,580 | 1,933 | 187 | 17,513 | 17,700 | 13,818 | 1957 | 1957 | -4 | |||||||||||||||||||||||
Bensalem | 14,526 | 2,727 | 6,698 | 1,895 | 2,727 | 8,593 | 11,320 | 3,689 | 1972/1999 | 1972 | -4 | |||||||||||||||||||||||
Bethlehem | 5,457 | 827 | 5,200 | 1,334 | 839 | 6,522 | 7,361 | 5,593 | 1966 | 1966 | -4 | |||||||||||||||||||||||
Wyomissing | - | - | 2,646 | 2,381 | - | 5,027 | 5,027 | 3,471 | 2005 | -4 | ||||||||||||||||||||||||
Broomall | 10,433 | 850 | 2,171 | 1,680 | 850 | 3,851 | 4,701 | 2,792 | 1966 | 1966 | -4 | |||||||||||||||||||||||
York | 5,083 | 409 | 2,568 | 1,395 | 409 | 3,963 | 4,372 | 3,566 | 1970 | 1970 | -4 | |||||||||||||||||||||||
Lancaster | 5,270 | 3,140 | 63 | 689 | 3,140 | 752 | 3,892 | 518 | 1966 | 1966 | -4 | |||||||||||||||||||||||
Glenolden | 6,688 | 850 | 1,820 | 613 | 850 | 2,433 | 3,283 | 2,101 | 1975 | 1975 | -4 | |||||||||||||||||||||||
Springfield | - | - | - | 80 | - | 80 | 80 | 80 | 2005 | -4 | ||||||||||||||||||||||||
Total Pennsylvania | 76,723 | 15,043 | 63,392 | 12,794 | 15,055 | 76,174 | 91,229 | 40,559 | ||||||||||||||||||||||||||
South Carolina | ||||||||||||||||||||||||||||||||||
Charleston | - | - | 3,634 | - | - | 3,634 | 3,634 | 750 | 2006 | -4 | ||||||||||||||||||||||||
Virginia | ||||||||||||||||||||||||||||||||||
Norfolk | - | - | 3,927 | 15 | - | 3,942 | 3,942 | 2,885 | 2005 | -4 | ||||||||||||||||||||||||
Puerto Rico | ||||||||||||||||||||||||||||||||||
Las Catalinas | 130,000 | 15,280 | 64,370 | 10,121 | 15,280 | 74,491 | 89,771 | 30,478 | 1996 | 2002 | -4 | |||||||||||||||||||||||
Montehiedra | 120,000 | 9,182 | 66,751 | 8,328 | 9,267 | 74,994 | 84,261 | 31,673 | 1996 | 1997 | -4 | |||||||||||||||||||||||
Total Puerto Rico | 250,000 | 24,462 | 131,121 | 18,449 | 24,547 | 149,485 | 174,032 | 62,151 | ||||||||||||||||||||||||||
Other | - | - | - | 4,232 | - | 4,232 | 4,232 | 591 | -4 | |||||||||||||||||||||||||
Total Retail Properties | 1,288,535 | 357,701 | 1,108,967 | 586,771 | 377,405 | 1,676,034 | 2,053,439 | 462,239 | ||||||||||||||||||||||||||
VORNADO REALTY TRUST | ||||||||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||||||||||||||
COLUMN A | COLUMN B | COLUMN C | COLUMN D | COLUMN E | COLUMN F | COLUMN G | COLUMN H | COLUMN I | ||||||||||||||||||||||||||
Gross amount at which | Life on which | |||||||||||||||||||||||||||||||||
Initial cost to company (1) | carried at close of period | depreciation | ||||||||||||||||||||||||||||||||
Costs | Accumulated | in latest | ||||||||||||||||||||||||||||||||
Building | capitalized | Buildings | depreciation | income | ||||||||||||||||||||||||||||||
and | subsequent | and | and | Date of | Date | statement | ||||||||||||||||||||||||||||
Description | Encumbrances | Land | improvements | to acquisition | Land | improvements | Total (2) | amortization | construction (3) | acquired | is computed | |||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||||
The Mart | ||||||||||||||||||||||||||||||||||
Illinois | ||||||||||||||||||||||||||||||||||
The Mart, Chicago | $ | 550,000 | $ | 64,528 | $ | 319,146 | $ | 274,921 | $ | 64,535 | $ | 594,060 | $ | 658,595 | $ | 211,332 | 1930 | 1998 | -4 | |||||||||||||||
527 W. Kinzie, Chicago | - | 5,166 | - | - | 5,166 | - | 5,166 | - | ||||||||||||||||||||||||||
Total Illinois | 550,000 | 69,694 | 319,146 | 274,921 | 69,701 | 594,060 | 663,761 | 211,332 | ||||||||||||||||||||||||||
New York | ||||||||||||||||||||||||||||||||||
MMPI Piers | - | - | - | 12,794 | - | 12,794 | 12,794 | 1,020 | 2008 | -4 | ||||||||||||||||||||||||
Total The Mart | 550,000 | 69,694 | 319,146 | 287,715 | 69,701 | 606,854 | 676,555 | 212,352 | ||||||||||||||||||||||||||
Warehouse/Industrial | ||||||||||||||||||||||||||||||||||
New Jersey | ||||||||||||||||||||||||||||||||||
East Hanover | - | 576 | 7,752 | 19,730 | 691 | 27,367 | 28,058 | 14,259 | 1972 | 1972 | -4 | |||||||||||||||||||||||
555 California Street | 597,868 | 221,903 | 893,324 | 75,383 | 221,903 | 968,707 | 1,190,610 | 197,170 | 1922/1969/1970 | 2007 | -4 | |||||||||||||||||||||||
220 Central Park South | 600,000 | 115,720 | 16,420 | 460,941 | - | 593,081 | 593,081 | - | 2005 | -4 | ||||||||||||||||||||||||
Borgata Land, Atlantic City, NJ | 58,452 | 83,089 | 7 | -6 | 83,090 | - | 83,090 | - | 2010 | -4 | ||||||||||||||||||||||||
40 East 66th Residential | - | 29,199 | 85,798 | -86,696 | 10,990 | 17,311 | 28,301 | 3,686 | 2005 | -4 | ||||||||||||||||||||||||
677-679 Madison | - | 1,462 | 1,058 | 284 | 1,626 | 1,178 | 2,804 | 322 | 2006 | -4 | ||||||||||||||||||||||||
Other | - | 28,052 | - | -27,931 | - | 121 | 121 | - | 2005 | -4 | ||||||||||||||||||||||||
Total Other | 1,256,320 | 479,425 | 996,607 | 421,975 | 317,609 | 1,580,398 | 1,898,007 | 201,178 | ||||||||||||||||||||||||||
Leasehold Improvements | ||||||||||||||||||||||||||||||||||
Equipment and Other | - | - | - | 130,594 | - | 130,594 | 130,594 | 100,975 | ||||||||||||||||||||||||||
Total December 31, 2014 | $ | 9,551,700 | $ | 4,335,924 | $ | 10,158,224 | $ | 4,351,244 | $ | 4,240,009 | $ | 14,605,383 | $ | 18,845,392 | $ | 3,629,135 | ||||||||||||||||||
VORNADO REALTY TRUST | ||||||||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||
Notes: | ||||||||||||||||||||||||||||||||||
-1 | Initial cost is cost as of January 30, 1982 (the date on which Vornado commenced real estate operations) unless acquired subsequent to that date see Column H. | |||||||||||||||||||||||||||||||||
-2 | The net basis of the Company’s assets and liabilities for tax purposes is approximately $3.6 billion lower than the amount reported for financial statement purposes. | |||||||||||||||||||||||||||||||||
-3 | Date of original construction –– many properties have had substantial renovation or additional construction –– see Column D. | |||||||||||||||||||||||||||||||||
-4 | Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to forty years. | |||||||||||||||||||||||||||||||||
VORNADO REALTY TRUST | ||||||||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||
(AMOUNTS IN THOUSANDS) | ||||||||||||||||||||||||||||||||||
The following is a reconciliation of real estate assets and accumulated depreciation: | ||||||||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 17,418,946 | $ | 17,365,533 | $ | 15,444,754 | ||||||||||||||||||||||||||||
Additions during the period: | ||||||||||||||||||||||||||||||||||
Land | 225,536 | 131,646 | 514,950 | |||||||||||||||||||||||||||||||
Buildings & improvements | 1,348,153 | 1,014,876 | 1,615,077 | |||||||||||||||||||||||||||||||
18,992,635 | 18,512,055 | 17,574,781 | ||||||||||||||||||||||||||||||||
Less: Assets sold, written-off and deconsolidated | 147,243 | 1,093,109 | 209,248 | |||||||||||||||||||||||||||||||
Balance at end of period | $ | 18,845,392 | $ | 17,418,946 | $ | 17,365,533 | ||||||||||||||||||||||||||||
Accumulated Depreciation | ||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 3,296,717 | $ | 2,966,067 | $ | 2,742,244 | ||||||||||||||||||||||||||||
Additions charged to operating expenses | 461,689 | 423,844 | 427,189 | |||||||||||||||||||||||||||||||
3,758,406 | 3,389,911 | 3,169,433 | ||||||||||||||||||||||||||||||||
Less: Accumulated depreciation on assets sold and written-off | 129,271 | 93,194 | 203,366 | |||||||||||||||||||||||||||||||
Balance at end of period | $ | 3,629,135 | $ | 3,296,717 | $ | 2,966,067 |
Basis_of_Presentation_and_Sign1
Basis of Presentation and Significant Accounting Policies (Policy) | 12 Months Ended |
Dec. 31, 2014 | |
Basis of Presentation and Significant Accounting Policies [Abstract] | |
Basis of Presentation Policy | |
Basis of Presentation | |
The accompanying consolidated financial statements include the accounts of Vornado and its consolidated subsidiaries, including the Operating Partnership. All inter-company amounts have been eliminated. Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America, which require us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. | |
New Accounting Pronouncements Policy [Policy Text Block] | Recently Issued Accounting Literature |
In April 2014, the Financial Accounting Standards Board (“FASB”) issued an update (“ASU 2014-08”) Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity to ASC Topic 205, Presentation of Financial Statements and ASC Topic 360, Property Plant and Equipment. Under ASU 2014-08, only disposals that represent a strategic shift that has (or will have) a major effect on the entity's results and operations would qualify as discontinued operations. In addition, ASU 2014-08 expands the disclosure requirements for disposals that meet the definition of a discontinued operation and requires entities to disclose information about disposals of individually significant components that do not meet the definition of discontinued operations. ASU 2014-08 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2014. Upon adoption of this standard, individual properties sold in the ordinary course of business are not expected to qualify as discontinued operations. The financial results of our strip shopping centers and malls, which were spun off to UE on January 15, 2015, will be treated as a discontinued operation in the first quarter of 2015. | |
Real Estate [Policy Text Block] | 2. Basis of Presentation and Significant Accounting Policies - continued |
Significant Accounting Policies | |
Real Estate: Real estate is carried at cost, net of accumulated depreciation and amortization. Betterments, major renewals and certain costs directly related to the improvement and leasing of real estate are capitalized. Maintenance and repairs are expensed as incurred. For redevelopment of existing operating properties, the net book value of the existing property under redevelopment plus the cost for the construction and improvements incurred in connection with the redevelopment are capitalized to the extent the capitalized costs of the property do not exceed the estimated fair value of the redeveloped property when complete. If the cost of the redeveloped property, including the net book value of the existing property, exceeds the estimated fair value of redeveloped property, the excess is charged to expense. Depreciation is recognized on a straight-line basis over estimated useful lives which range from 7 to 40 years. Tenant allowances are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Additions to real estate include interest and debt expense capitalized during construction of $62,786,000 and $42,303,000 for the years ended December 31, 2014 and 2013, respectively. | |
Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above and below-market leases, acquired in-place leases and tenant relationships) and acquired liabilities and we allocate the purchase price based on these assessments. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases, acquired in-place leases and tenant relationships) and acquired intangible liabilities (including below–market leases) at their estimated fair value separate and apart from goodwill. We amortize identified intangibles that have finite lives over the period they are expected to contribute directly or indirectly to the future cash flows of the property or business acquired. | |
Our properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property's carrying amount over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. | |
Partially Owned Entities [Policy Text Block] | Partially Owned Entities: We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider factors such as ownership interest, board representation, management representation, authority to make decisions, and contractual and substantive participating rights of the partners/members as well as whether the entity is a variable interest entity (“VIE”) and we are the primary beneficiary. We are deemed to be the primary beneficiary of a VIE when we have (i) the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and (ii) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control a partially owned entity if the entity is not considered a VIE and the approval of all of the partners/members is contractually required with respect to major decisions, such as operating and capital budgets, the sale, exchange or other disposition of real property, the hiring of a chief executive officer, the commencement, compromise or settlement of any lawsuit, legal proceeding or arbitration or the placement of new or additional financing secured by assets of the venture. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments are initially recorded at cost and subsequently adjusted for our share of net income or loss and cash contributions and distributions each period. Investments that do not qualify for consolidation or equity method accounting are accounted for on the cost method. |
Investments in partially owned entities are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is measured based on the excess of the carrying amount of an investment over its estimated fair value. Impairment analyses are based on current plans, intended holding periods and available information at the time the analyses are prepared. | |
Mezzanine Loans Receivable [Policy Text Block] | Mortgage and Mezzanine Loans Receivable: We invest in mortgage and mezzanine loans of entities that have significant real estate assets. These investments are either secured by the real property or by pledges of the equity interests of the entities owning the underlying real estate. We record these investments at the stated principal amount net of any unamortized discount or premium. We accrete or amortize any discount or premium over the life of the related receivable utilizing the effective interest method or straight-line method, if the result is not materially different. We evaluate the collectibility of both interest and principal of each of our loans whenever events or changes in circumstances indicate such amounts may not be recoverable. A loan is impaired when it is probable that we will be unable to collect all amounts due according to the existing contractual terms. When a loan is impaired, the amount of the loss accrual is calculated by comparing the carrying amount of the investment to the present value of expected future cash flows discounted at the loan's effective interest rate, or as a practical expedient, to the value of the collateral if the loan is collateral dependent. Interest on impaired loans is recognized when received in cash. |
Cash And Cash Equivalents [Policy Text Block] | Cash and Cash Equivalents: Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less and are carried at cost, which approximates fair value due to their short-term maturities. The majority of our cash and cash equivalents consists of (i) deposits at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit, (ii) United States Treasury Bills, and (iii) Certificate of Deposits placed through an Account Registry Service (“CDARS”). |
Cash And Cash Equivalents Restricted Cash And Cash Equivalents Policy | Restricted Cash: Restricted cash consists of security deposits, cash restricted for the purposes of facilitating a Section 1031 Like-Kind exchange, cash restricted in connection with our deferred compensation plan and cash escrowed under loan agreements for debt service, real estate taxes, property insurance and capital improvements. |
Allowance For Doubtful Accounts [Policy Text Block] | Allowance for Doubtful Accounts: We periodically evaluate the collectibility of amounts due from tenants and maintain an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under the lease agreements. We also maintain an allowance for receivables arising from the straight-lining of rents. This receivable arises from earnings recognized in excess of amounts currently due under the lease agreements. Management exercises judgment in establishing these allowances and considers payment history and current credit status in developing these estimates. As of December 31, 2014 and 2013, we had $17,060,000 and $21,869,000, respectively, in allowances for doubtful accounts. In addition, as of December 31, 2014 and 2013, we had $3,188,000 and $4,355,000, respectively, in allowances for receivables arising from the straight-lining of rents. |
Deferred Charges [Policy Text Block] | Deferred Charges: Direct financing costs are deferred and amortized over the terms of the related agreements as a component of interest expense. Direct costs related to successful leasing activities are capitalized and amortized on a straight line basis over the lives of the related leases. All other deferred charges are amortized on a straight line basis, which approximates the effective interest rate method, in accordance with the terms of the agreements to which they relate. |
Derivative Instruments and Hedging Activities: ASC 815, Derivatives and Hedging, as amended, establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities. As of December 31, 2014 and 2013, our derivative instruments consisted of an interest rate cap and an interest rate swap. We record all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the resulting designation. Derivatives used to hedge the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives used to hedge the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. | |
For derivatives designated as fair value hedges, changes in the fair value of the derivative and the hedged item related to the hedged risk are recognized in earnings. For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is initially reported in other comprehensive income (loss) (outside of earnings) and subsequently reclassified to earnings when the hedged transaction affects earnings, and the ineffective portion of changes in the fair value of the derivative is recognized directly in earnings. We assess the effectiveness of each hedging relationship by comparing the changes in fair value or cash flows of the derivative hedging instrument with the changes in fair value or cash flows of the designated hedged item or transaction. For derivatives not designated as hedges, changes in fair value are recognized in earnings. | |
Revenue Recognition [Policy Text Block] | Revenue Recognition: We have the following revenue sources and revenue recognition policies: |
• Base Rent — income arising from tenant leases. These rents are recognized over the non-cancelable term of the related leases on a straight-line basis which includes the effects of rent steps and rent abatements under the leases. We commence rental revenue recognition when the tenant takes possession of the leased space and the leased space is substantially ready for its intended use. In addition, in circumstances where we provide a tenant improvement allowance for improvements that are owned by the tenant, we recognize the allowance as a reduction of rental revenue on a straight-line basis over the term of the lease. | |
• Percentage Rent — income arising from retail tenant leases that is contingent upon tenant sales exceeding defined thresholds. These rents are recognized only after the contingency has been removed (i.e., when tenant sales thresholds have been achieved). | |
• Hotel Revenue — income arising from the operation of the Hotel Pennsylvania which consists of rooms revenue, food and beverage revenue, and banquet revenue. Income is recognized when rooms are occupied. Food and beverage and banquet revenue is recognized when the services have been rendered. | |
• Trade Shows Revenue — income arising from the operation of trade shows, including rentals of booths. This revenue is recognized when the trade shows have occurred. | |
• Expense Reimbursements — revenue arising from tenant leases which provide for the recovery of all or a portion of the operating expenses and real estate taxes of the respective property. This revenue is accrued in the same periods as the expenses are incurred. | |
• Management, Leasing and Other Fees — income arising from contractual agreements with third parties or with partially owned entities. This revenue is recognized as the related services are performed under the respective agreements. | |
• Cleveland Medical Mart — revenue arising from the development of the Cleveland Medical Mart. This revenue was recognized as the related services were performed under the respective agreements using the criteria set forth in ASC 605-25, Multiple Element Arrangements. | |
Income Tax [Policy Text Block] | Income Taxes: We operate in a manner intended to enable us to continue to qualify as a REIT under Sections 856-860 of the Internal Revenue Code of 1986, as amended. Under those sections, a REIT which distributes at least 90% of its REIT taxable income as a dividend to its shareholders each year and which meets certain other conditions will not be taxed on that portion of its taxable income which is distributed to its shareholders. We distribute to our shareholders 100% of our taxable income and therefore, no provision for Federal income taxes is required. Dividends distributed for the years ended December 31, 2014 and 2013, were characterized, for federal income tax purposes, as ordinary income. Dividend distributions for the year ended December 31, 2012, were characterized, for Federal income tax purposes, as 62.7% ordinary income and 37.3% long-term capital gain. |
We have elected to treat certain consolidated subsidiaries, and may in the future elect to treat newly formed subsidiaries, as taxable REIT subsidiaries pursuant to an amendment to the Internal Revenue Code that became effective January 1, 2001. Taxable REIT subsidiaries may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to Federal and State income tax at regular corporate tax rates. | |
Marketable Securities [Policy Text Block] | |
Our portfolio of marketable securities is comprised of equity securities that are classified as available-for-sale. Available-for-sale securities are presented on our consolidated balance sheets at fair value. Unrealized gains and losses resulting from the mark-to-market of these securities are included in “other comprehensive income (loss).” Realized gains and losses are recognized in earnings only upon the sale of the securities and are recorded based on the weighted average cost of such securities. | |
We evaluate our portfolio of marketable securities for impairment each reporting period. For each of the securities in our portfolio with unrealized losses, we review the underlying cause of the decline in value and the estimated recovery period, as well as the severity and duration of the decline. In our evaluation, we consider our ability and intent to hold these investments for a reasonable period of time sufficient for us to recover our cost basis. We also evaluate the near-term prospects for each of these investments in relation to the severity and duration of the decline. | |
Redeemable Noncontrolling Interests Policy [Text Block] | 11. Redeemable Noncontrolling Interests |
Redeemable noncontrolling interests on our consolidated balance sheets are primarily comprised of Class A Operating Partnership units held by third parties and are recorded at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to “additional capital” in our consolidated statements of changes in equity. Class A units may be tendered for redemption to the Operating Partnership for cash; we, at our option, may assume that obligation and pay the holder either cash or Vornado common shares on a one-for-one basis. Because the number of Vornado common shares outstanding at all times equals the number of Class A units owned by Vornado, the redemption value of each Class A unit is equivalent to the market value of one Vornado common share, and the quarterly distribution to a Class A unitholder is equal to the quarterly dividend paid to a Vornado common shareholder. | |
Redeemable noncontrolling interests exclude our Series G Convertible Preferred units and Series D-13 Cumulative Redeemable Preferred units, as they are accounted for as liabilities in accordance with ASC 480, Distinguishing Liabilities and Equity, because of their possible settlement by issuing a variable number of Vornado common shares. |
Basis_of_Presentation_and_Sign2
Basis of Presentation and Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Basis of Presentation and Significant Accounting Policies [Abstract] | |||||||||||||||
Non Cash Impairment And Other Losses [Table Text Block] | (Amounts in thousands) | For the Year Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||||
Impairment losses | $ | - | $ | 19,000 | $ | 14,538 | |||||||||
Acquisition related costs | 33,391 | 24,857 | (1) | 11,248 | |||||||||||
$ | 33,391 | $ | 43,857 | $ | 25,786 | ||||||||||
-1 | Includes a $10,949 prepayment penalty in connection with the repayment of the mortgage loan upon the acquisition of 655 Fifth Avenue. | ||||||||||||||
Reconciliation Of Net Income Attributable To Common Shareholders To Estimated Taxable Income [Table Text Block] | (Amounts in thousands) | For the Year Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||||
Net income attributable to common shareholders | $ | 783,388 | $ | 392,034 | $ | 549,271 | |||||||||
Book to tax differences (unaudited): | |||||||||||||||
Depreciation and amortization | 219,403 | 155,401 | 205,155 | ||||||||||||
Impairment losses on marketable equity securities | - | 37,236 | 211,328 | ||||||||||||
Straight-line rent adjustments | -77,526 | -64,811 | -64,679 | ||||||||||||
Earnings of partially owned entities | 71,960 | 339,376 | -60,049 | ||||||||||||
Stock options | -9,566 | 4,884 | -28,701 | ||||||||||||
Sale of real estate | -477,061 | -324,936 | -123,905 | ||||||||||||
Derivatives | - | 31,578 | 71,228 | ||||||||||||
Other, net | 1,260 | 4,608 | 17,080 | ||||||||||||
Estimated taxable income (unaudited) | $ | 511,858 | $ | 575,370 | $ | 776,728 |
Vornado_Capital_Partners_Real_1
Vornado Capital Partners Real Estate Fund (the "Fund") (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Real Estate Fund [Abstract] | ||||||||||||||
Schedule Of Income And Loss From The Fund [Table Text Block] | (Amounts in thousands) | For the Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||||
Net investment income | $ | 12,895 | $ | 8,943 | $ | 8,575 | ||||||||
Net realized gains | 76,337 | 8,184 | - | |||||||||||
Net unrealized gains | 73,802 | 85,771 | 55,361 | |||||||||||
Income from Real Estate Fund | 163,034 | 102,898 | 63,936 | |||||||||||
Less income attributable to noncontrolling interests | -92,728 | -53,427 | -39,332 | |||||||||||
Income from Real Estate Fund attributable to Vornado (1) | $ | 70,306 | $ | 49,471 | $ | 24,604 | ||||||||
-1 | Excludes $2,865, $2,992, and $3,278 of management and leasing fees in the years ended December 31, 2014, 2013 and 2012, respectively, which are included as a component of "fee and other income" on our consolidated statements of income. | |||||||||||||
Marketable_Securities_and_Deri1
Marketable Securities and Derivative Instruments (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Unrealized Gain (Loss) on Investments [Abstract] | |||||||||||||||||||||
Unrealized Gain (Loss) on Investments [Table Text Block] | Below is a summary of our marketable securities portfolio as of December 31, 2014 and 2013. | ||||||||||||||||||||
As of December 31, 2014 | As of December 31, 2013 | ||||||||||||||||||||
GAAP | Unrealized | GAAP | Unrealized | ||||||||||||||||||
Fair Value | Cost | Gain | Fair Value | Cost | Gain | ||||||||||||||||
Equity securities: | |||||||||||||||||||||
Lexington Realty Trust | $ | 202,789 | $ | 72,549 | $ | 130,240 | $ | 188,567 | $ | 72,549 | $ | 116,018 | |||||||||
Other | 3,534 | - | 3,534 | 3,350 | 59 | 3,291 | |||||||||||||||
$ | 206,323 | $ | 72,549 | $ | 133,774 | $ | 191,917 | $ | 72,608 | $ | 119,309 | ||||||||||
Investments_in_Partially_Owned1
Investments in Partially Owned Entities (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Schedule Of Equity Method Investments [Line Items] | ||||||||||||||||||
Equity Method Investment Summarized Financial Information [Table Text Block] | (Amounts in thousands) | Balance as of December 31, | ||||||||||||||||
Balance Sheet: | 2014 | 2013 | ||||||||||||||||
Assets | $ | 21,389,000 | $ | 21,773,000 | ||||||||||||||
Liabilities | 17,986,000 | 17,982,000 | ||||||||||||||||
Noncontrolling interests | 104,000 | 96,000 | ||||||||||||||||
Equity | 3,299,000 | 3,695,000 | ||||||||||||||||
For the Year Ended December 31, | ||||||||||||||||||
Income Statement: | 2014 | 2013 | 2012 | |||||||||||||||
Total revenue | $ | 13,620,000 | $ | 14,092,000 | $ | 15,119,000 | ||||||||||||
Net (loss) income(1) | -434,000 | -368,000 | 1,091,000 | |||||||||||||||
-1 | 2012 includes a $600,000 net gain on sale of real estate. | |||||||||||||||||
Equity Method Investments [Table Text Block] | Percentage | |||||||||||||||||
(Amounts in thousands) | Ownership at | As of December 31, | ||||||||||||||||
Investments: | 31-Dec-14 | 2014 | 2013 | |||||||||||||||
Toys | 32.60% | $ | - | $ | 83,224 | |||||||||||||
Alexander’s | 32.40% | $ | 131,616 | $ | 167,785 | |||||||||||||
India real estate ventures | 4.1%-36.5% | 76,752 | 88,467 | |||||||||||||||
Partially owned office buildings (1) | Various | 760,749 | 621,294 | |||||||||||||||
Other investments (2) | Various | 277,379 | 288,897 | |||||||||||||||
$ | 1,246,496 | $ | 1,166,443 | |||||||||||||||
______________________________________________________ | ||||||||||||||||||
-1 | Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others. | |||||||||||||||||
-2 | Includes interests in Independence Plaza, Monmouth Mall, 85 Tenth Avenue, Fashion Center Mall, 50-70 West 93rd Street and others. | |||||||||||||||||
Percentage | ||||||||||||||||||
(Amounts in thousands) | Ownership at | For the Year Ended December 31, | ||||||||||||||||
Our Share of Net (Loss) Income: | 31-Dec-14 | 2014 | 2013 | 2012 | ||||||||||||||
Toys: | ||||||||||||||||||
Equity in net (loss) earnings | 32.60% | $ | -4,691 | $ | -128,919 | $ | 45,267 | |||||||||||
Non-cash impairment losses (see page 113 for details) | -75,196 | -240,757 | -40,000 | |||||||||||||||
Management fees | 6,331 | 7,299 | 9,592 | |||||||||||||||
$ | -73,556 | $ | -362,377 | $ | 14,859 | |||||||||||||
Alexander's: | ||||||||||||||||||
Equity in net income | 32.40% | $ | 21,287 | $ | 17,721 | $ | 24,709 | |||||||||||
Management, leasing and development fees | 8,722 | 6,681 | 13,748 | |||||||||||||||
Net gain on sale of real estate | - | - | 179,934 | |||||||||||||||
30,009 | 24,402 | 218,391 | ||||||||||||||||
India real estate ventures (1) | 4.1%-36.5% | -8,309 | -3,533 | -5,008 | ||||||||||||||
Partially owned office buildings (2) | Various | 93 | -4,212 | -3,770 | ||||||||||||||
Other investments (3) | Various | -6,368 | -10,817 | 103,644 | ||||||||||||||
LNR (see page 115 for details): | ||||||||||||||||||
Equity in net income | n/a | - | 42,186 | 66,270 | ||||||||||||||
Impairment loss | - | -27,231 | - | |||||||||||||||
Net gain on sale | - | 3,776 | - | |||||||||||||||
- | 18,731 | 66,270 | ||||||||||||||||
Lexington (see page 112 for details): (4) | n/a | |||||||||||||||||
Equity in net loss | - | -979 | -23 | |||||||||||||||
Net gain resulting from Lexington's stock issuance and asset | ||||||||||||||||||
acquisition | - | - | 28,763 | |||||||||||||||
- | -979 | 28,740 | ||||||||||||||||
$ | 15,425 | $ | 23,592 | $ | 408,267 | |||||||||||||
______________________________________________________ | ||||||||||||||||||
-1 | Includes a $5,771 non-cash impairment loss in 2014. | |||||||||||||||||
-2 | Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others. | |||||||||||||||||
-3 | Includes interests in Independence Plaza, Monmouth Mall, 85 Tenth Avenue, Fashion Center Mall, 50-70 West 93rd Street and others. In the third quarter of 2014, we recognized a $10,263 non-cash charge, comprised of a $5,959 impairment loss and a $4,304 loan loss reserve, on our equity and debt investments in Suffolk Downs. | |||||||||||||||||
-4 | In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale. | |||||||||||||||||
Schedule of debt of partially owned entities [Table Text Block] | ||||||||||||||||||
Below is a summary of the debt of our partially owned entities as of December 31, 2014 and 2013, none of which is recourse to us. | ||||||||||||||||||
Percentage | Interest | |||||||||||||||||
Ownership at | Rate at | 100% Partially Owned Entities’ | ||||||||||||||||
(Amounts in thousands) | December 31, | December 31, | Debt at December 31, | |||||||||||||||
2014 | Maturity | 2014 | 2014 | 2013 | ||||||||||||||
Toys: | ||||||||||||||||||
Notes, loans and mortgages payable | 32.60% | 2015-2021 | 7.23% | $ | 5,748,350 | $ | 5,702,247 | |||||||||||
Alexander's: | ||||||||||||||||||
Mortgages payable | 32.40% | 2015-2021 | 2.59% | $ | 1,032,780 | $ | 1,049,959 | |||||||||||
Partially owned office buildings(1): | ||||||||||||||||||
Mortgages payable | Various | 2015-2023 | 5.59% | $ | 3,691,274 | $ | 3,622,759 | |||||||||||
India Real Estate Ventures: | ||||||||||||||||||
TCG Urban Infrastructure Holdings mortgages | ||||||||||||||||||
payable | 25.00% | 2015-2026 | 13.25% | $ | 183,541 | $ | 199,021 | |||||||||||
Other(2): | ||||||||||||||||||
Mortgages payable | Various | 2015-2023 | 4.33% | $ | 1,480,485 | $ | 1,709,509 | |||||||||||
-1 | Includes 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue and others. | |||||||||||||||||
-2 | Includes Independence Plaza, Monmouth Mall, Fashion Center Mall, 50-70 West 93rd Street and others. | |||||||||||||||||
Toys R Us [Member] | ||||||||||||||||||
Schedule Of Equity Method Investments [Line Items] | ||||||||||||||||||
Equity Method Investment Summarized Financial Information [Table Text Block] | (Amounts in thousands) | Balance as of | ||||||||||||||||
Balance Sheet: | 1-Nov-14 | 2-Nov-13 | ||||||||||||||||
Assets | $ | 11,267,000 | $ | 11,756,000 | ||||||||||||||
Liabilities | 10,377,000 | 10,437,000 | ||||||||||||||||
Noncontrolling interests | 82,000 | 75,000 | ||||||||||||||||
Toys “R” Us, Inc. equity (1) | 808,000 | 1,244,000 | ||||||||||||||||
For the Twelve Months Ended | ||||||||||||||||||
Income Statement: | 1-Nov-14 | 2-Nov-13 | 27-Oct-12 | |||||||||||||||
Total revenues | $ | 12,645,000 | $ | 13,046,000 | $ | 13,698,000 | ||||||||||||
Net (loss) income attributable to Toys | -343,000 | -396,000 | 138,000 | |||||||||||||||
-1 | At December 31, 2014, the carrying amount of our investment in Toys is less than our share of Toys' equity by approximately $263,455. This basis difference results primarily from non-cash impairment losses aggregating $355,953 that we have recognized through December 31, 2014. We have allocated the basis difference primarily to Toys' real estate, which is being amortized over its remaining estimated useful life. | |||||||||||||||||
Alexanders Inc [Member] | ||||||||||||||||||
Schedule Of Equity Method Investments [Line Items] | ||||||||||||||||||
Equity Method Investment Summarized Financial Information [Table Text Block] | (Amounts in thousands) | Balance as of December 31, | ||||||||||||||||
Balance Sheet: | 2014 | 2013 | ||||||||||||||||
Assets | $ | 1,423,000 | $ | 1,458,000 | ||||||||||||||
Liabilities | 1,075,000 | 1,124,000 | ||||||||||||||||
Stockholders' equity | 348,000 | 334,000 | ||||||||||||||||
For the Year Ended December 31, | ||||||||||||||||||
Income Statement: | 2014 | 2013 | 2012 | |||||||||||||||
Total revenues | $ | 201,000 | $ | 196,000 | $ | 191,000 | ||||||||||||
Net income attributable to Alexander’s (1) | 68,000 | 57,000 | 674,000 | |||||||||||||||
-1 | 2012 includes a $600,000 net gain on sale of real estate. |
Dispositions_Tables
Dispositions (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ||||||||||||||||
Schedule Of Assets And Liabilities And Results Of Operations Related To Discontinued Operations | Assets Related to | Liabilities Related to | ||||||||||||||
(Amounts in thousands) | Discontinued Operations as of | Discontinued Operations as of | ||||||||||||||
December 31, | December 31, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Retail | $ | 477,620 | $ | 735,888 | $ | 211 | $ | 14,709 | ||||||||
New York | - | 138,162 | - | - | ||||||||||||
Total | $ | 477,620 | $ | 874,050 | $ | 211 | $ | 14,709 | ||||||||
(Amounts in thousands) | For the Year Ended December 31, | |||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||
Total revenues | $ | 70,593 | $ | 129,860 | $ | 264,878 | ||||||||||
Total expenses | 36,424 | 79,458 | 190,450 | |||||||||||||
34,169 | 50,402 | 74,428 | ||||||||||||||
Net gains on sales of real estate | 507,192 | 414,502 | 245,799 | |||||||||||||
Impairment losses | -26,518 | -18,170 | -119,439 | |||||||||||||
Gain on sale of Canadian Trade Shows, net of $11,448 of income taxes | - | - | 19,657 | |||||||||||||
Income from discontinued operations | $ | 514,843 | $ | 446,734 | $ | 220,445 |
Identified_Intangible_Assets_a1
Identified Intangible Assets and Intangible Liabilities (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Finite-Lived Intangible Assets [Line Items] | ||||||||
Schedule of Identified Intangible Assets and Intangible Liabilities (Table) | Balance as of December 31, | |||||||
(Amounts in thousands) | 2014 | 2013 | ||||||
Identified intangible assets: | ||||||||
Gross amount | $ | 502,080 | $ | 583,862 | ||||
Accumulated amortization | -225,841 | -276,426 | ||||||
Net | $ | 276,239 | $ | 307,436 | ||||
Identified intangible liabilities (included in deferred revenue): | ||||||||
Gross amount | $ | 885,763 | $ | 855,860 | ||||
Accumulated amortization | -396,895 | -359,371 | ||||||
Net | $ | 488,868 | $ | 496,489 | ||||
Below Market Leases Net Of Above Market Leases [Member] | ||||||||
Finite-Lived Intangible Assets [Line Items] | ||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (Amounts in thousands) | |||||||
2015 | $ | 57,202 | ||||||
2016 | 45,333 | |||||||
2017 | 42,457 | |||||||
2018 | 41,311 | |||||||
2019 | 30,950 | |||||||
Other Identified Intangible Assets [Member] | ||||||||
Finite-Lived Intangible Assets [Line Items] | ||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (Amounts in thousands) | |||||||
2015 | $ | 27,210 | ||||||
2016 | 21,437 | |||||||
2017 | 17,859 | |||||||
2018 | 13,533 | |||||||
2019 | 11,553 | |||||||
Tenant Under Ground Leases [Member] | ||||||||
Finite-Lived Intangible Assets [Line Items] | ||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (Amounts in thousands) | |||||||
2015 | $ | 3,363 | ||||||
2016 | 3,363 | |||||||
2017 | 3,363 | |||||||
2018 | 3,363 | |||||||
2019 | 3,363 |
Debt_Tables
Debt (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||
Schedule of Debt | Weighted Average | ||||||||||||||
Interest Rate at | Balance at December 31, | ||||||||||||||
(Amounts in thousands) | 31-Dec-14 | 2014 | 2013 | ||||||||||||
Mortgages Payable: | |||||||||||||||
Fixed rate | 4.45% | $ | 7,710,931 | $ | 7,563,133 | ||||||||||
Variable rate | 2.20% | 1,840,769 | 768,860 | ||||||||||||
4.02% | $ | 9,551,700 | $ | 8,331,993 | |||||||||||
Unsecured Debt: | |||||||||||||||
Senior unsecured notes | 3.89% | $ | 1,347,159 | $ | 1,350,855 | ||||||||||
Unsecured revolving credit facilities | - | - | 295,870 | ||||||||||||
3.89% | $ | 1,347,159 | $ | 1,646,725 | |||||||||||
Schedule of Maturities of Long-Term Debt Table Text Block | Senior Unsecured | ||||||||||||||
Debt and | |||||||||||||||
(Amounts in thousands) | Revolving Credit | ||||||||||||||
Year Ending December 31, | Mortgages Payable | Facilities | |||||||||||||
2015 | $ | 433,699 | $ | 500,000 | |||||||||||
2016 | 1,552,419 | - | |||||||||||||
2017 | 626,525 | - | |||||||||||||
2018 | 340,442 | - | |||||||||||||
2019 | 996,579 | 450,000 | |||||||||||||
Thereafter | 5,601,148 | 400,000 |
Redeemable_Noncontrolling_Inte1
Redeemable Noncontrolling Interests (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Redeemable Noncontrolling Interests [Abstract] | |||||||||||||||||||||
Operating Partnership Units Held By Third Parties | |||||||||||||||||||||
(Amounts in thousands, except units and | Preferred or | ||||||||||||||||||||
per unit amounts) | Balance as of | Units Outstanding at | Per Unit | Annual | |||||||||||||||||
December 31, | December 31, | Liquidation | Distribution | ||||||||||||||||||
Unit Series | 2014 | 2013 | 2014 | 2013 | Preference | Rate | |||||||||||||||
Common: | |||||||||||||||||||||
Class A | $ | 1,336,780 | $ | 1,002,620 | 11,356,550 | 11,292,038 | n/a | $ | 2.92 | ||||||||||||
Perpetual Preferred: (1) | |||||||||||||||||||||
5.00% D-16 Cumulative Redeemable | $ | 1,000 | $ | 1,000 | 1 | 1 | $ | 1,000,000.00 | $ | 50,000.00 | |||||||||||
-1 | Holders may tender units for redemption to the Operating Partnership for cash at their stated redemption amount; we, at our option, may assume that obligation and pay the holders either cash or Vornado preferred shares on a one-for-one basis. These units are redeemable at our option at any time. | ||||||||||||||||||||
Summary Of Activity Of Redeemable Noncontrolling Interests | Below is a table summarizing the activity of redeemable noncontrolling interests. | ||||||||||||||||||||
(Amounts in thousands) | |||||||||||||||||||||
Balance at December 31, 2012 | $ | 944,152 | |||||||||||||||||||
Net income | 24,817 | ||||||||||||||||||||
Other comprehensive income | 5,296 | ||||||||||||||||||||
Distributions | -34,053 | ||||||||||||||||||||
Redemption of Class A units for common shares, at redemption value | -25,317 | ||||||||||||||||||||
Adjustments to carry redeemable Class A units at redemption value | 108,252 | ||||||||||||||||||||
Redemption of Series D-15 redeemable units | -36,900 | ||||||||||||||||||||
Other, net | 17,373 | ||||||||||||||||||||
Balance at December 31, 2013 | 1,003,620 | ||||||||||||||||||||
Net income | 47,613 | ||||||||||||||||||||
Other comprehensive income | 1,323 | ||||||||||||||||||||
Distributions | -33,469 | ||||||||||||||||||||
Redemption of Class A units for common shares, at redemption value | -27,273 | ||||||||||||||||||||
Adjustments to carry redeemable Class A units at redemption value | 315,276 | ||||||||||||||||||||
Other, net | 30,690 | ||||||||||||||||||||
Balance at December 31, 2014 | $ | 1,337,780 |
Shareholders_Equity_Tables
Shareholder's Equity (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Sharholders Equity [Abstract] | ||||||||||||||||||
Schedule Of Preferred Units [Table Text Block] | (Amounts in thousands, except share and | Balance as of | Shares Outstanding at | Per Share | Annual | |||||||||||||
per share amounts) | December 31, | December 31, | Liquidation | Dividend | ||||||||||||||
Preferred Shares | 2014 | 2013 | 2014 | 2013 | Preference | Rate(1) | ||||||||||||
Convertible Preferred: | ||||||||||||||||||
6.5% Series A: authorized 83,977 shares(2) | $ | 1,393 | $ | 1,592 | 28,939 | 32,807 | $ | 50 | $ | 3.25 | ||||||||
Cumulative Redeemable: | ||||||||||||||||||
6.625% Series G: authorized 8,000,000 shares(3) | 193,135 | 193,135 | 8,000,000 | 8,000,000 | $ | 25 | $ | 1.65625 | ||||||||||
6.625% Series I: authorized 10,800,000 shares(3) | 262,379 | 262,379 | 10,800,000 | 10,800,000 | $ | 25 | $ | 1.65625 | ||||||||||
6.875% Series J: authorized 9,850,000 shares(3) | 238,842 | 238,842 | 9,850,000 | 9,850,000 | $ | 25 | $ | 1.71875 | ||||||||||
5.70% Series K: authorized 12,000,000 shares(3) | 290,971 | 290,971 | 12,000,000 | 12,000,000 | $ | 25 | $ | 1.425 | ||||||||||
5.40% Series L: authorized 12,000,000 shares(3) | 290,306 | 290,306 | 12,000,000 | 12,000,000 | $ | 25 | $ | 1.35 | ||||||||||
$ | 1,277,026 | $ | 1,277,225 | 52,678,939 | 52,682,807 | |||||||||||||
-1 | Dividends on preferred shares are cumulative and are payable quarterly in arrears. | |||||||||||||||||
-2 | Redeemable at our option under certain circumstances, at a redemption price of 1.4334 common shares per Series A Preferred Share plus accrued and unpaid dividends through the date of redemption, or convertible at any time at the option of the holder for 1.4334 common shares per Series A Preferred Share. | |||||||||||||||||
-3 | Redeemable at our option at a redemption price of $25.00 per share, plus accrued and unpaid dividends through the date of redemption. | |||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | For the Year Ended December 31, 2014 | |||||||||||||||||
Securities | Pro rata share of | Interest | ||||||||||||||||
available- | nonconsolidated | rate | ||||||||||||||||
(Amounts in thousands) | Total | for-sale | subsidiaries' OCI | swap | Other | |||||||||||||
Balance as of December 31, 2013 | $ | 71,537 | $ | 119,309 | $ | -11,501 | $ | -31,882 | $ | -4,389 | ||||||||
Net current period OCI | 21,730 | 14,465 | 2,509 | 6,079 | -1,323 | |||||||||||||
Balance as of December 31, 2014 | $ | 93,267 | $ | 133,774 | $ | -8,992 | $ | -25,803 | $ | -5,712 | ||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||||||||||||
Schedule of Fair Values of Financial Assets and Liabilities by Levels [Table Text Block] | As of December 31, 2014 | ||||||||||||||||
(Amounts in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Marketable securities | $ | 206,323 | $ | 206,323 | $ | - | $ | - | |||||||||
Real Estate Fund investments (75% of which is attributable to | |||||||||||||||||
noncontrolling interests) | 513,973 | - | - | 513,973 | |||||||||||||
Deferred compensation plan assets (included in other assets) | 117,284 | 53,969 | - | 63,315 | |||||||||||||
Total assets | $ | 837,580 | $ | 260,292 | $ | - | $ | 577,288 | |||||||||
Mandatorily redeemable instruments (included in other liabilities) | $ | 55,097 | $ | 55,097 | $ | - | $ | - | |||||||||
Interest rate swap (included in other liabilities) | 25,797 | - | 25,797 | - | |||||||||||||
Total liabilities | $ | 80,894 | $ | 55,097 | $ | 25,797 | $ | - | |||||||||
As of December 31, 2013 | |||||||||||||||||
(Amounts in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Marketable securities | $ | 191,917 | $ | 191,917 | $ | - | $ | - | |||||||||
Real Estate Fund investments (75% of which is attributable to | |||||||||||||||||
noncontrolling interests) | 667,710 | - | - | 667,710 | |||||||||||||
Deferred compensation plan assets (included in other assets) | 116,515 | 47,733 | - | 68,782 | |||||||||||||
Total assets | $ | 976,142 | $ | 239,650 | $ | - | $ | 736,492 | |||||||||
Mandatorily redeemable instruments (included in other liabilities) | $ | 55,097 | $ | 55,097 | $ | - | $ | - | |||||||||
Interest rate swap (included in other liabilities) | 31,882 | - | 31,882 | - | |||||||||||||
Total liabilities | $ | 86,979 | $ | 55,097 | $ | 31,882 | $ | - | |||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | Weighted Average | ||||||||||||||||
(based on fair | |||||||||||||||||
Unobservable Quantitative Input | Range | value of investments) | |||||||||||||||
Discount rates | 12.0% to 17.5% | 13.70% | |||||||||||||||
Terminal capitalization rates | 4.7% to 6.5% | 5.30% | |||||||||||||||
Non-financial Assets Measured at Fair Value on a Nonrecurring Basis [Table Text Block] | As of December 31, 2014 | ||||||||||||||||
(Amounts in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Real estate assets | $ | 4,848 | $ | - | $ | - | $ | 4,848 | |||||||||
As of December 31, 2013 | |||||||||||||||||
(Amounts in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Real estate assets | $ | 354,341 | $ | - | $ | - | $ | 354,341 | |||||||||
Investment in Toys | 83,224 | - | - | 83,224 | |||||||||||||
Total assets | $ | 437,565 | $ | - | $ | - | $ | 437,565 | |||||||||
Schedule Of Carrying Amounts And Fair Values Of Financial Instruments [Table Text Block] | As of December 31, 2014 | As of December 31, 2013 | |||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||||
(Amounts in thousands) | Amount | Value | Amount | Value | |||||||||||||
Cash equivalents | $ | 749,418 | $ | 749,000 | $ | 295,000 | $ | 295,000 | |||||||||
Mortgage and mezzanine loans receivable | |||||||||||||||||
(included in other assets) | 16,748 | 17,000 | 170,972 | 171,000 | |||||||||||||
$ | 766,166 | $ | 766,000 | $ | 465,972 | $ | 466,000 | ||||||||||
Debt: | |||||||||||||||||
Mortgages payable | $ | 9,551,700 | $ | 9,551,000 | $ | 8,331,993 | $ | 8,104,000 | |||||||||
Senior unsecured notes | 1,347,159 | 1,385,000 | 1,350,855 | 1,402,000 | |||||||||||||
Revolving credit facility debt | - | - | 295,870 | 296,000 | |||||||||||||
$ | 10,898,859 | $ | 10,936,000 | $ | 9,978,718 | $ | 9,802,000 | ||||||||||
Real Estate Fund [Member] | |||||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||||||||||||
Summary of Changes in Level 3 Plan Assets [Table Text Block] | Real Estate Fund Investments | ||||||||||||||||
For The Year Ended December 31, | |||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | |||||||||||||||
Beginning balance | $ | 667,710 | $ | 600,786 | |||||||||||||
Purchases | 3,392 | 43,816 | |||||||||||||||
Dispositions / Distributions | -307,268 | -70,848 | |||||||||||||||
Net unrealized gains | 73,802 | 85,771 | |||||||||||||||
Net realized gains | 76,337 | 8,184 | |||||||||||||||
Other, net | - | 1 | |||||||||||||||
Ending balance | $ | 513,973 | $ | 667,710 | |||||||||||||
Deferred Compensation Plan Assets [Member] | |||||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||||||||||||
Summary of Changes in Level 3 Plan Assets [Table Text Block] | Deferred Compensation Plan Assets | ||||||||||||||||
For The Year Ended December 31, | |||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | |||||||||||||||
Beginning balance | $ | 68,782 | $ | 62,631 | |||||||||||||
Purchases | 14,162 | 5,018 | |||||||||||||||
Sales | -24,951 | -7,306 | |||||||||||||||
Realized and unrealized gains | 3,415 | 7,189 | |||||||||||||||
Other, net | 1,907 | 1,250 | |||||||||||||||
Ending balance | $ | 63,315 | $ | 68,782 |
Stockbased_Compensation_Tables
Stock-based Compensation (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||
Schedule Of Share Based Compensation Stock Options Activity [Table Text Block] | Weighted- | ||||||||||||||
Weighted- | Average | ||||||||||||||
Average | Remaining | Aggregate | |||||||||||||
Exercise | Contractual | Intrinsic | |||||||||||||
Shares | Price | Term | Value | ||||||||||||
Outstanding at January 1, 2014 | 3,248,699 | $ | 67.51 | ||||||||||||
Granted | 49,088 | 91.32 | |||||||||||||
Exercised | -434,204 | 67.27 | |||||||||||||
Cancelled or expired | -43,468 | 104.74 | |||||||||||||
Outstanding at December 31, 2014 | 2,820,115 | $ | 67.38 | 4.6 | $ | 145,317,000 | |||||||||
Options vested and expected to vest at | |||||||||||||||
31-Dec-14 | 2,818,587 | $ | 67.37 | 4.6 | $ | 145,271,000 | |||||||||
Options exercisable at December 31, 2014 | 2,606,260 | $ | 65.62 | 4.4 | $ | 138,912,000 | |||||||||
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions [Table Text Block] | December 31, | ||||||||||||||
2014 | 2013 | 2012 | |||||||||||||
Expected volatility | 36.00% | 36.00% | 36.00% | ||||||||||||
Expected life | 5.0 years | 5.0 years | 5.0 years | ||||||||||||
Risk free interest rate | 1.81% | 0.91% | 1.05% | ||||||||||||
Expected dividend yield | 4.10% | 4.30% | 4.30% | ||||||||||||
Schedule Of Sharebased Compensation Restricted Stock And Restricted Stock Units Activity [Table Text Block] | Weighted-Average | ||||||||||||||
Grant-Date | |||||||||||||||
Unvested Shares | Shares | Fair Value | |||||||||||||
Unvested at January 1, 2014 | 29,664 | $ | 79.24 | ||||||||||||
Granted | 11,475 | 91.31 | |||||||||||||
Vested | -15,733 | 74.61 | |||||||||||||
Cancelled or expired | -2,957 | 87.42 | |||||||||||||
Unvested at December 31, 2014 | 22,449 | 87.58 | |||||||||||||
Schedule Of Sharebased Compensation Restricted Operating Partnership Units Activity [Table Text Block] | |||||||||||||||
Weighted-Average | |||||||||||||||
Grant-Date | |||||||||||||||
Unvested Units | Units | Fair Value | |||||||||||||
Unvested at January 1, 2014 | 765,971 | $ | 76.27 | ||||||||||||
Granted | 226,638 | 86.79 | |||||||||||||
Vested | -327,555 | 69.48 | |||||||||||||
Cancelled or expired | -6,575 | 83.16 | |||||||||||||
Unvested at December 31, 2014 | 658,479 | 83.2 |
Fee_and_Other_Income_Tables
Fee and Other Income (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Fee And Other Income Tables [Abstract] | ||||||||||
Fee and Other Income (Table) | ||||||||||
(Amounts in thousands) | For the Year Ended December 31, | |||||||||
2014 | 2013 | 2012 | ||||||||
BMS cleaning fees | $ | 85,658 | $ | 66,505 | $ | 67,584 | ||||
Signage revenue | 37,929 | 32,866 | 20,892 | |||||||
Management and leasing fees | 21,382 | 24,637 | 21,849 | |||||||
Lease termination fees(1) | 17,042 | 92,497 | 2,361 | |||||||
Other income | 33,734 | 34,113 | 31,438 | |||||||
$ | 195,745 | $ | 250,618 | $ | 144,124 | |||||
__________________________ | ||||||||||
-1 | The year ended December 31, 2013 includes (i) $59,599 of income pursuant to a settlement agreement with Stop & Shop, which terminates our right to receive $6,000 of additional annual rent under a 1992 agreement, for a period potentially through 2031, (ii) $19,500 from a tenant at 1290 Avenue of the Americas, of which our 70% share, net of a $1,529 write-off of the straight lining of rents, was $12,121, and (iii) $3,000 from the termination of our subsidiaries' agreements with Cuyahoga County to operate the Cleveland Medical Mart Convention Center. |
Interest_and_Other_Investment_1
Interest and Other Investment Income (Loss), Net (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Interest and Other Investment (Loss) Income, net [Abstract] | ||||||||||||
Schedule Of Interest And Other Investment Income Net [Table Text Block] | ||||||||||||
(Amounts in thousands) | For the Year Ended December 31, | |||||||||||
2014 | 2013 | 2012 | ||||||||||
Dividends and interest on marketable securities | $ | 12,707 | $ | 11,446 | $ | 11,979 | ||||||
Mark-to-market of investments in our deferred compensation plan (1) | 11,557 | 10,636 | 6,809 | |||||||||
Interest on mezzanine loans receivable | 3,920 | 19,495 | 13,861 | |||||||||
Losses from the disposition of investment in J.C. Penney | - | -72,974 | -300,752 | |||||||||
Other, net | 10,603 | 6,521 | 6,924 | |||||||||
$ | 38,787 | $ | -24,876 | $ | -261,179 | |||||||
__________________________ | ||||||||||||
-1 | This income is entirely offset by the expense resulting from the mark-to-market of the deferred compensation plan liability, which is included in "general and administrative" expense. |
Interest_and_Debt_Expense_Tabl
Interest and Debt Expense (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Interest Expense Debt [Abstract] | ||||||||||||
Interest And Debt Expense [Table Text Block] | ||||||||||||
(Amounts in thousands) | For the Year Ended December 31, | |||||||||||
2014 | 2013 | 2012 | ||||||||||
Interest expense | $ | 483,578 | $ | 498,050 | $ | 478,688 | ||||||
Amortization of deferred financing costs | 46,923 | 25,557 | 22,907 | |||||||||
Capitalized interest and debt expense | -62,786 | -42,303 | -16,801 | |||||||||
$ | 467,715 | $ | 481,304 | $ | 484,794 | |||||||
Income_Per_Share_Tables
Income Per Share (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Income Per Share [Abstract] | ||||||||||||||
Schedule Of Earnings Per Share Basic And Diluted [Text Block] | ||||||||||||||
(Amounts in thousands, except per share amounts) | Year Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | ||||||||||||
Numerator: | ||||||||||||||
Income from continuing operations, net of income attributable to noncontrolling interests | $ | 379,333 | $ | 57,727 | $ | 408,439 | ||||||||
Income from discontinued operations, net of income attributable to noncontrolling | ||||||||||||||
interests | 485,519 | 418,244 | 208,821 | |||||||||||
Net income attributable to Vornado | 864,852 | 475,971 | 617,260 | |||||||||||
Preferred share dividends | -81,464 | -82,807 | -76,937 | |||||||||||
Preferred unit and share redemptions | - | -1,130 | 8,948 | |||||||||||
Net income attributable to common shareholders | 783,388 | 392,034 | 549,271 | |||||||||||
Earnings allocated to unvested participating securities | -125 | -110 | -202 | |||||||||||
Numerator for basic income per share | 783,263 | 391,924 | 549,069 | |||||||||||
Impact of assumed conversions: | ||||||||||||||
Convertible preferred share dividends | 97 | - | 113 | |||||||||||
Numerator for diluted income per share | $ | 783,360 | $ | 391,924 | $ | 549,182 | ||||||||
Denominator: | ||||||||||||||
Denominator for basic income per share – weighted average shares | 187,572 | 186,941 | 185,810 | |||||||||||
Effect of dilutive securities (1): | ||||||||||||||
Employee stock options and restricted share awards | 1,075 | 768 | 670 | |||||||||||
Convertible preferred shares | 43 | - | 50 | |||||||||||
Denominator for diluted income per share – weighted average shares and | ||||||||||||||
assumed conversions | 188,690 | 187,709 | 186,530 | |||||||||||
INCOME (LOSS) PER COMMON SHARE – BASIC: | ||||||||||||||
Income (loss) from continuing operations, net | $ | 1.59 | $ | -0.14 | $ | 1.83 | ||||||||
Income from discontinued operations, net | 2.59 | 2.24 | 1.12 | |||||||||||
Net income per common share | $ | 4.18 | $ | 2.1 | $ | 2.95 | ||||||||
INCOME (LOSS) PER COMMON SHARE – DILUTED: | ||||||||||||||
Income (loss) from continuing operations, net | $ | 1.58 | $ | -0.14 | $ | 1.82 | ||||||||
Income from discontinued operations, net | 2.57 | 2.23 | 1.12 | |||||||||||
Net income per common share | $ | 4.15 | $ | 2.09 | $ | 2.94 | ||||||||
-1 | The effect of dilutive securities in the years ended December 31, 2014, 2013 and 2012 excludes an aggregate of 11,238, 11,752 and 14,400 weighted average common share equivalents, respectively, as their effect was anti-dilutive. |
Leases_Tables
Leases (Tables) | 12 Months Ended | |||||
Dec. 31, 2014 | ||||||
Leases [Abstract] | ||||||
Schedule Of Future Base Rental [Table Text Block] | ||||||
(Amounts in thousands) | ||||||
Year Ending December 31: | ||||||
2015 | $ | 1,783,293 | ||||
2016 | 1,717,984 | |||||
2017 | 1,671,172 | |||||
2018 | 1,578,671 | |||||
2019 | 1,399,001 | |||||
Thereafter | 8,055,804 | |||||
Schedule Of Future Minimum Rental Payments For Operating Leases [Table Text Block] | ||||||
(Amounts in thousands) | ||||||
Year Ending December 31: | ||||||
2015 | $ | 39,925 | ||||
2016 | 39,833 | |||||
2017 | 41,003 | |||||
2018 | 38,920 | |||||
2019 | 38,992 | |||||
Thereafter | 1,252,109 | |||||
Schedule Of Future Minimum Lease Payments For Capital Leases [Table Text Block] | ||||||
(Amounts in thousands) | ||||||
Year Ending December 31: | ||||||
2015 | $ | 12,500 | ||||
2016 | 12,500 | |||||
2017 | 12,500 | |||||
2018 | 12,500 | |||||
2019 | 12,500 | |||||
Thereafter | 334,792 | |||||
Total minimum obligations | 397,292 | |||||
Interest portion | -157,292 | |||||
Present value of net minimum payments | $ | 240,000 |
Summary_of_Quarterly_Results_T
Summary of Quarterly Results (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Quarterly Financial Data [Abstract] | |||||||||||||||||
Schedule Of Quarterly Financial Information Table Text Block | Net Income (Loss) | ||||||||||||||||
Attributable | Net Income (Loss) Per | ||||||||||||||||
to Common | Common Share (2) | ||||||||||||||||
(Amounts in thousands, except per share amounts) | Revenues | Shareholders (1) | Basic | Diluted | |||||||||||||
2014 | |||||||||||||||||
31-Dec | $ | 679,101 | $ | 513,238 | $ | 2.73 | $ | 2.72 | |||||||||
30-Sep | 657,209 | 131,159 | 0.7 | 0.69 | |||||||||||||
30-Jun | 652,972 | 76,642 | 0.41 | 0.41 | |||||||||||||
31-Mar | 646,658 | 62,349 | 0.33 | 0.33 | |||||||||||||
2013 | |||||||||||||||||
31-Dec | $ | 649,403 | $ | -68,887 | $ | -0.37 | $ | -0.37 | |||||||||
30-Sep | 655,883 | 83,005 | 0.44 | 0.44 | |||||||||||||
30-Jun | 658,550 | 145,926 | 0.78 | 0.78 | |||||||||||||
31-Mar | 705,433 | 231,990 | 1.24 | 1.24 | |||||||||||||
_______________________________ | |||||||||||||||||
-1 | Fluctuations among quarters resulted primarily from non-cash impairment losses, mark-to-market of derivative instruments, net gains on sale of real estate and from seasonality of business operations. | ||||||||||||||||
-2 | The total for the year may differ from the sum of the quarters as a result of weighting. |
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||
Schedule of Segment Information | |||||||||||||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, 2014 | ||||||||||||||||||||||||
Retail | |||||||||||||||||||||||||
Total | New York | Washington, DC | Properties | Toys | Other | ||||||||||||||||||||
Total revenues | $ | 2,635,940 | $ | 1,520,845 | $ | 537,151 | $ | 326,947 | $ | - | $ | 250,997 | |||||||||||||
Total expenses | 1,820,298 | 946,466 | 358,019 | 197,206 | - | 318,607 | |||||||||||||||||||
Operating income (loss) | 815,642 | 574,379 | 179,132 | 129,741 | - | -67,610 | |||||||||||||||||||
(Loss) income from partially owned | |||||||||||||||||||||||||
entities, including Toys | -58,131 | 20,701 | -3,677 | 1,730 | -73,556 | -3,329 | |||||||||||||||||||
Income from Real Estate Fund | 163,034 | - | - | - | - | 163,034 | |||||||||||||||||||
Interest and other investment | |||||||||||||||||||||||||
income, net | 38,787 | 6,711 | 183 | 35 | - | 31,858 | |||||||||||||||||||
Interest and debt expense | -467,715 | -183,427 | -75,395 | -54,754 | - | -154,139 | |||||||||||||||||||
Net gain on disposition of wholly | |||||||||||||||||||||||||
owned and partially owned assets | 13,568 | - | - | - | - | 13,568 | |||||||||||||||||||
Income (loss) before income taxes | 505,185 | 418,364 | 100,243 | 76,752 | -73,556 | -16,618 | |||||||||||||||||||
Income tax expense | -11,002 | -4,305 | -242 | -1,721 | - | -4,734 | |||||||||||||||||||
Income (loss) from continuing | |||||||||||||||||||||||||
operations | 494,183 | 414,059 | 100,001 | 75,031 | -73,556 | -21,352 | |||||||||||||||||||
Income from discontinued | |||||||||||||||||||||||||
operations | 514,843 | 463,163 | - | 50,873 | - | 807 | |||||||||||||||||||
Net income (loss) | 1,009,026 | 877,222 | 100,001 | 125,904 | -73,556 | -20,545 | |||||||||||||||||||
Less net income attributable to | |||||||||||||||||||||||||
noncontrolling interests | -144,174 | -8,626 | - | -119 | - | -135,429 | |||||||||||||||||||
Net income (loss) attributable to | |||||||||||||||||||||||||
Vornado | 864,852 | 868,596 | 100,001 | 125,785 | -73,556 | -155,974 | |||||||||||||||||||
Interest and debt expense(2) | 654,398 | 241,959 | 89,448 | 59,322 | 100,549 | 163,120 | |||||||||||||||||||
Depreciation and amortization(2) | 685,973 | 324,239 | 145,853 | 73,433 | 64,533 | 77,915 | |||||||||||||||||||
Income tax expense(2) | 24,248 | 4,395 | 288 | 1,721 | 12,106 | 5,738 | |||||||||||||||||||
EBITDA(1) | $ | 2,229,471 | $ | 1,439,189 | (3) | $ | 335,590 | (4) | $ | 260,261 | (5) | $ | 103,632 | $ | 90,799 | (6) | |||||||||
Balance Sheet Data: | |||||||||||||||||||||||||
Real estate at cost | $ | 18,845,392 | $ | 9,732,818 | $ | 4,383,418 | $ | 2,057,374 | - | $ | 2,671,782 | ||||||||||||||
Investments in partially owned entities | 1,246,496 | 1,036,130 | 102,635 | 6,007 | - | 101,724 | |||||||||||||||||||
Total assets | 21,248,320 | 10,752,763 | 4,310,974 | 3,580,803 | - | 2,603,780 | |||||||||||||||||||
See notes on pages 141 and 142. | |||||||||||||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, 2013 | ||||||||||||||||||||||||
Retail | |||||||||||||||||||||||||
Total | New York | Washington, DC | Properties | Toys | Other | ||||||||||||||||||||
Total revenues | $ | 2,669,269 | $ | 1,470,907 | $ | 541,161 | $ | 372,435 | $ | - | $ | 284,766 | |||||||||||||
Total expenses | 1,819,009 | 910,498 | 347,686 | 199,650 | - | 361,175 | |||||||||||||||||||
Operating income (loss) | 850,260 | 560,409 | 193,475 | 172,785 | - | -76,409 | |||||||||||||||||||
(Loss) income from partially owned | |||||||||||||||||||||||||
entities, including Toys | -338,785 | 15,527 | -6,968 | 2,097 | -362,377 | 12,936 | |||||||||||||||||||
Income from Real Estate Fund | 102,898 | - | - | - | - | 102,898 | |||||||||||||||||||
Interest and other investment | |||||||||||||||||||||||||
(loss) income, net | -24,876 | 5,357 | 129 | 11 | - | -30,373 | |||||||||||||||||||
Interest and debt expense | -481,304 | -181,966 | -102,277 | -55,219 | - | -141,842 | |||||||||||||||||||
Net gain on disposition of wholly | |||||||||||||||||||||||||
owned and partially owned assets | 3,407 | - | - | 1,377 | - | 2,030 | |||||||||||||||||||
Income (loss) before income taxes | 111,600 | 399,327 | 84,359 | 121,051 | -362,377 | -130,760 | |||||||||||||||||||
Income tax benefit (expense) | 6,406 | -2,794 | 14,031 | -2,311 | - | -2,520 | |||||||||||||||||||
Income (loss) from continuing | |||||||||||||||||||||||||
operations | 118,006 | 396,533 | 98,390 | 118,740 | -362,377 | -133,280 | |||||||||||||||||||
Income (loss) from discontinued | |||||||||||||||||||||||||
operations | 446,734 | 160,314 | - | 287,067 | - | -647 | |||||||||||||||||||
Net income (loss) | 564,740 | 556,847 | 98,390 | 405,807 | -362,377 | -133,927 | |||||||||||||||||||
Less net income attributable to | |||||||||||||||||||||||||
noncontrolling interests | -88,769 | -10,786 | - | -3,065 | - | -74,918 | |||||||||||||||||||
Net income (loss) attributable to | |||||||||||||||||||||||||
Vornado | 475,971 | 546,061 | 98,390 | 402,742 | -362,377 | -208,845 | |||||||||||||||||||
Interest and debt expense(2) | 758,781 | 236,645 | 116,131 | 63,803 | 181,586 | 160,616 | |||||||||||||||||||
Depreciation and amortization(2) | 732,757 | 293,974 | 142,409 | 72,161 | 135,178 | 89,035 | |||||||||||||||||||
Income tax expense (benefit)(2) | 26,371 | 3,002 | -15,707 | 2,311 | 33,532 | 3,233 | |||||||||||||||||||
EBITDA(1) | $ | 1,993,880 | $ | 1,079,682 | (3) | $ | 341,223 | (4) | $ | 541,017 | (5) | $ | -12,081 | $ | 44,039 | (6) | |||||||||
Balance Sheet Data: | |||||||||||||||||||||||||
Real estate at cost | $ | 17,418,946 | $ | 8,422,297 | $ | 4,243,048 | $ | 2,060,093 | $ | - | $ | 2,693,508 | |||||||||||||
Investments in partially owned entities | 1,249,667 | 904,278 | 100,543 | 6,640 | 83,224 | 154,982 | |||||||||||||||||||
Total assets | 20,097,224 | 9,255,964 | 4,107,636 | 3,374,896 | 83,224 | 3,275,504 | |||||||||||||||||||
See notes on page 141 and 142. | |||||||||||||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, 2012 | ||||||||||||||||||||||||
Retail | |||||||||||||||||||||||||
Total | New York | Washington, DC | Properties | Toys | Other | ||||||||||||||||||||
Total revenues | $ | 2,649,217 | $ | 1,319,470 | $ | 554,028 | $ | 318,566 | $ | - | $ | 457,153 | |||||||||||||
Total expenses | 1,921,425 | 835,563 | 360,056 | 189,480 | - | 536,326 | |||||||||||||||||||
Operating income (loss) | 727,792 | 483,907 | 193,972 | 129,086 | - | -79,173 | |||||||||||||||||||
Income (loss) from partially owned | |||||||||||||||||||||||||
entities, including Toys | 423,126 | 207,773 | -5,612 | 1,458 | 14,859 | 204,648 | |||||||||||||||||||
Income from Real Estate Fund | 63,936 | - | - | - | - | 63,936 | |||||||||||||||||||
Interest and other investment | |||||||||||||||||||||||||
(loss) income, net | -261,179 | 4,002 | 126 | 21 | - | -265,328 | |||||||||||||||||||
Interest and debt expense | -484,794 | -146,350 | -115,574 | -53,772 | - | -169,098 | |||||||||||||||||||
Net gain on disposition of wholly | |||||||||||||||||||||||||
owned and partially owned assets | 13,347 | - | - | 8,491 | - | 4,856 | |||||||||||||||||||
Income (loss) before income taxes | 482,228 | 549,332 | 72,912 | 85,284 | 14,859 | -240,159 | |||||||||||||||||||
Income tax expense | -8,132 | -3,491 | -1,650 | - | - | -2,991 | |||||||||||||||||||
Income (loss) from continuing | |||||||||||||||||||||||||
operations | 474,096 | 545,841 | 71,262 | 85,284 | 14,859 | -243,150 | |||||||||||||||||||
Income (loss) from discontinued | |||||||||||||||||||||||||
operations | 220,445 | 30,293 | 167,766 | -52,561 | - | 74,947 | |||||||||||||||||||
Net income (loss) | 694,541 | 576,134 | 239,028 | 32,723 | 14,859 | -168,203 | |||||||||||||||||||
Less net (income) loss attributable to | |||||||||||||||||||||||||
noncontrolling interests | -77,281 | -2,138 | - | 1,812 | - | -76,955 | |||||||||||||||||||
Net income (loss) attributable to | |||||||||||||||||||||||||
Vornado | 617,260 | 573,996 | 239,028 | 34,535 | 14,859 | -245,158 | |||||||||||||||||||
Interest and debt expense(2) | 760,523 | 187,855 | 133,625 | 79,462 | 147,880 | 211,701 | |||||||||||||||||||
Depreciation and amortization(2) | 735,293 | 252,257 | 157,816 | 86,529 | 135,179 | 103,512 | |||||||||||||||||||
Income tax expense (benefit)(2) | 7,026 | 3,751 | 1,943 | - | -16,629 | 17,961 | |||||||||||||||||||
EBITDA(1) | $ | 2,120,102 | $ | 1,017,859 | (3) | $ | 532,412 | (4) | $ | 200,526 | (5) | $ | 281,289 | $ | 88,016 | (6) | |||||||||
Balance Sheet Data: | |||||||||||||||||||||||||
Real estate at cost | $ | 17,365,533 | $ | 8,687,141 | $ | 4,171,879 | $ | 2,108,328 | $ | - | $ | 2,398,185 | |||||||||||||
Investments in partially owned entities | 1,704,297 | 576,336 | 95,670 | 7,083 | 478,041 | 547,167 | |||||||||||||||||||
Total assets | 22,065,049 | 9,215,438 | 4,196,694 | 3,583,999 | 478,041 | 4,590,877 | |||||||||||||||||||
See notes on page 141 and 142. | |||||||||||||||||||||||||
Notes to preceding tabular information: | |||||||||||||||||||||||||
-1 | EBITDA represents "Earnings Before Interest, Taxes, Depreciation and Amortization." We consider EBITDA a supplemental measure for making decisions and assessing the unlevered performance of our segments as it relates to the total return on assets as opposed to the levered return on equity. As properties are bought and sold based on a multiple of EBITDA, we utilize this measure to make investment decisions as well as to compare the performance of our assets to that of our peers. EBITDA should not be considered a substitute for net income. EBITDA may not be comparable to similarly titled measures employed by other companies. | ||||||||||||||||||||||||
-2 | Interest and debt expense, depreciation and amortization and income tax expense (benefit) in the reconciliation of net income (loss) to EBITDA includes our share of these items from partially owned entities. | ||||||||||||||||||||||||
-3 | The elements of "New York" EBITDA are summarized below. | ||||||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | 2012 | ||||||||||||||||||||||
Office(a) | $ | 1,085,262 | $ | 759,941 | $ | 568,518 | |||||||||||||||||||
Retail | 281,428 | 246,808 | 189,484 | ||||||||||||||||||||||
Alexander's(b) | 41,746 | 42,210 | 231,402 | ||||||||||||||||||||||
Hotel Pennsylvania | 30,753 | 30,723 | 28,455 | ||||||||||||||||||||||
Total New York | $ | 1,439,189 | $ | 1,079,682 | $ | 1,017,859 | |||||||||||||||||||
(a) | 2014 and 2013 includes $440,537 and $127,512 net gains on sale of real estate, respectively. | ||||||||||||||||||||||||
(b) | 2012 includes $179,934 for our share of net gain on sale of Kings Plaza. | ||||||||||||||||||||||||
-4 | The elements of "Washington, DC" EBITDA are summarized below. | ||||||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | 2012 | ||||||||||||||||||||||
Office, excluding the Skyline Properties (a) | $ | 266,859 | $ | 268,373 | $ | 449,448 | |||||||||||||||||||
Skyline properties | 27,150 | 29,499 | 40,037 | ||||||||||||||||||||||
Total Office | 294,009 | 297,872 | 489,485 | ||||||||||||||||||||||
Residential | 41,581 | 43,351 | 42,927 | ||||||||||||||||||||||
Total Washington, DC | $ | 335,590 | $ | 341,223 | $ | 532,412 | |||||||||||||||||||
(a) | 2012 includes $163,367 of net gains on sale of real estate. | ||||||||||||||||||||||||
-5 | The elements of "Retail Properties" EBITDA are summarized below. | ||||||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||||||
(Amounts in thousands) | 2014 | 2013 | 2012 | ||||||||||||||||||||||
Strip shopping centers(a) | $ | 219,122 | $ | 285,612 | $ | 172,708 | |||||||||||||||||||
Regional malls(b) | 41,139 | 255,405 | 27,818 | ||||||||||||||||||||||
Total Retail properties | $ | 260,261 | $ | 541,017 | $ | 200,526 | |||||||||||||||||||
(a) | 2014 includes $66,023 of net gains on sale of real estate and $5,676 of impairment losses. 2013 includes $81,806 of net gains on sale of real estate, $59,599 of income pursuant to a settlement agreement with Stop & Shop and a $19,000 real estate impairment loss. 2012 includes $15,821 of net gains on sale of real estate and a $33,775 real estate impairment loss. | ||||||||||||||||||||||||
(b) | 2014 includes $20,842 of impairment losses. 2013 includes a $202,275 net gain on sale of the Green Acres Mall and a $13,443 real estate impairment loss. 2012 includes a $70,100 real estate impairment loss. | ||||||||||||||||||||||||
Details of Other EBITDA (Table) | |||||||||||||||||||||||||
Notes to preceding tabular information: | |||||||||||||||||||||||||
-6 | The elements of "other" EBITDA from continuing operations are summarized below. | ||||||||||||||||||||||||
(Amounts in thousands) | For the Year Ended December 31, | ||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Our share of Real Estate Fund: | |||||||||||||||||||||||||
Income before net realized/unrealized gains | $ | 8,056 | $ | 7,752 | $ | 6,385 | |||||||||||||||||||
Net realized/unrealized gains on investments | 37,535 | 23,489 | 13,840 | ||||||||||||||||||||||
Carried interest | 24,715 | 18,230 | 4,379 | ||||||||||||||||||||||
Total | 70,306 | 49,471 | 24,604 | ||||||||||||||||||||||
The Mart and trade shows | 79,636 | 74,270 | 62,470 | ||||||||||||||||||||||
555 California Street | 48,844 | 42,667 | 46,167 | ||||||||||||||||||||||
India real estate ventures | 6,434 | 5,841 | 3,654 | ||||||||||||||||||||||
LNR(a) | - | 20,443 | 75,202 | ||||||||||||||||||||||
Lexington(b) | - | 6,931 | 32,595 | ||||||||||||||||||||||
Other investments | 17,270 | 18,981 | 25,612 | ||||||||||||||||||||||
222,490 | 218,604 | 270,304 | |||||||||||||||||||||||
Corporate general and administrative expenses(c) | -94,929 | -94,904 | -89,082 | ||||||||||||||||||||||
Investment income and other, net(c) | 31,665 | 46,525 | 45,563 | ||||||||||||||||||||||
Acquisition and transaction related costs, and impairment losses(d) | -31,348 | -24,857 | -17,386 | ||||||||||||||||||||||
Net gain on sale of marketable securities, land parcels and residential | |||||||||||||||||||||||||
condominiums | 13,568 | 56,868 | 4,856 | ||||||||||||||||||||||
Our share of debt satisfaction gains and net gains on sale of real estate | |||||||||||||||||||||||||
of partially owned entities | 13,000 | - | - | ||||||||||||||||||||||
Suffolk Downs impairment loss and loan reserve | -10,263 | - | - | ||||||||||||||||||||||
Our share of impairment losses of partially owned entities | -5,771 | - | -4,936 | ||||||||||||||||||||||
Losses from the disposition of investment in J.C. Penney | - | -127,888 | -300,752 | ||||||||||||||||||||||
Severance costs (primarily reduction in force at the Mart) | - | -5,492 | -3,005 | ||||||||||||||||||||||
Purchase price fair value adjustment and accelerated amortization of | |||||||||||||||||||||||||
discount on investment in subordinated debt of Independence Plaza | - | - | 105,366 | ||||||||||||||||||||||
The Mart discontinued operations | - | - | 93,588 | ||||||||||||||||||||||
Net gain resulting from Lexington's stock issuance and asset acquisition | - | - | 28,763 | ||||||||||||||||||||||
Net income attributable to noncontrolling interests in the Operating Partnership | -47,563 | -23,659 | -35,327 | ||||||||||||||||||||||
Preferred unit distributions of the Operating Partnership | -50 | -1,158 | -9,936 | ||||||||||||||||||||||
$ | 90,799 | $ | 44,039 | $ | 88,016 | ||||||||||||||||||||
(a) | On April 19, 2013, LNR was sold. | ||||||||||||||||||||||||
(b) | In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale. This investment was previously accounted for under the equity method (see page 112 for details). | ||||||||||||||||||||||||
(c) | The amounts in these captions (for this table only) exclude income/expense from the mark-to-market of our deferred compensation plan of $11,557, $10,636 and $6,809 for the years ended December 31, 2014, 2013 and 2012, respectively. | ||||||||||||||||||||||||
(d) | The year ended December 31, 2014, includes $14,956 of transaction costs related to the spin-off of our strip shopping centers and malls. | ||||||||||||||||||||||||
Organization_and_Business_Deta
Organization and Business (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2014 | Jan. 15, 2015 | Dec. 31, 2013 | Dec. 31, 2012 |
Properties | Properties | |||
Organization and Business [Abstract] | ||||
Common limited partnership interest in the Operating Partnership | 94.10% | |||
Toys R Us [Member] | ||||
Real Estate Properties [Line Items] | ||||
Equity method ownership percentage | 32.60% | |||
Alexanders Inc [Member] | ||||
Real Estate Properties [Line Items] | ||||
Equity method ownership percentage | 32.40% | |||
Retail Segment Strip Shopping Centers [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 22 | |||
Number Of Real Estate Properties Sold | 6 | |||
Subsequent Event [Member] | Toys R Us [Member] | ||||
Real Estate Properties [Line Items] | ||||
Equity method ownership percentage | 32.60% | |||
Subsequent Event [Member] | Vornado Realty Trust [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number of shares/units convered during spin off for 1 share of UE | 2 | |||
Subsequent Event [Member] | Urban Edge Properties [Member] | ||||
Real Estate Properties [Line Items] | ||||
Cash Considerations Transferred During Spin Off (in US Dollars) | 225 | |||
Partnership Units received during spin off | 5,712,000 | |||
Duration Of Administrative Services | 2 years | |||
Number of new shares issued during spin off for every 2 shares/units of Vornado and Vornado L.P. | 1 | |||
Equity method ownership percentage | 5.40% | |||
Subsequent Event [Member] | Urban Edge Properties [Member] | Retail Segment Strip Shopping Centers [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 79 | |||
Subsequent Event [Member] | Urban Edge Properties [Member] | Retail Segment Regional Malls [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 3 | |||
Subsequent Event [Member] | Vornado Realty L.P. [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number of shares/units convered during spin off for 1 share of UE | 2 | |||
Real Estate Fund [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Equity method ownership percentage | 25.00% | |||
New York Segment [Member] | Subsequent Event [Member] | Alexanders Inc [Member] | ||||
Real Estate Properties [Line Items] | ||||
Equity method ownership percentage | 32.40% | |||
New York Segment [Member] | New York City Metropolitan Area [Member] | Subsequent Event [Member] | Alexanders Inc [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 6 | |||
New York Segment [Member] | New York City Metropolitan Area [Member] | Lexington Avenue 731 [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Square Footage Of Real Estate Property | 1,300,000 | |||
Retail Properties Segment [Member] | Retail Segment Strip Shopping Centers [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties Sold | 12 | 12 | ||
Warehouse [Member] | Subsequent Event [Member] | Urban Edge Properties [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 1 | |||
Office Building [Member] | San Francisco [Member] | Other Properties 555 California Street [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 3 | |||
Square Footage Of Real Estate Property | 1,800,000 | |||
Contolling Interest In Real Estate Properties Percent | 70.00% | |||
Office Building [Member] | New York Segment [Member] | Manhattan [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 31 | |||
Square Footage Of Real Estate Property | 20,100,000 | |||
Office Building [Member] | Washington DC Segment [Member] | Washington Dc Northern Virginia [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 59 | |||
Square Footage Of Real Estate Property | 16,100,000 | |||
Retail Properties [Member] | New York Segment [Member] | Manhattan [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 56 | |||
Square Footage Of Real Estate Property | 2,500,000 | |||
Merchandise Mart Properties [Member] | Merchandise Mart IL Chicago [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Square Footage Of Real Estate Property | 3,600,000 | |||
Other Real Estate And Related Investments [Member] | New York Segment [Member] | Manhattan [Member] | Hotel Pennsylvania [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number of Units in Real Estate Property (in number of residential units)/ (in number of rooms) | 1,700 | |||
Residential Properties [Member] | New York Segment [Member] | Manhattan [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 4 | |||
Number of Units in Real Estate Property (in number of residential units)/ (in number of rooms) | 1,654 | |||
Residential Properties [Member] | Washington DC Segment [Member] | Washington Dc Northern Virginia [Member] | Subsequent Event [Member] | ||||
Real Estate Properties [Line Items] | ||||
Number Of Real Estate Properties | 7 | |||
Number of Units in Real Estate Property (in number of residential units)/ (in number of rooms) | 2,414 |
Basis_of_Presentation_and_Sign3
Basis of Presentation and Significant Accounting Policies (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Property Plant And Equipment [Line Items] | ||
Property Plant And Equipment Useful Life | 40 years | |
Interest Costs Capitalized | $62,786 | $42,303 |
Maximum [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property Plant And Equipment Useful Life | 40 years | |
Minimum [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property Plant And Equipment Useful Life | 7 years |
Basis_of_Presentation_and_Sign4
Basis of Presentation and Significant Accounting Policies (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule Of Equity Method Investments [Line Items] | |||
Acquisition and transaction related costs, and impairment losses | $33,391 | $43,857 | $25,786 |
Significant Policies Other Details [Abstract] | |||
Tenant and other receivables, allowance for doubtful accounts (in US dollars) | 17,060 | 21,869 | |
Receivables Arising From Straight Lining Of Rents Allowance | 3,188 | 4,355 | |
Impairment Loss [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Acquisition and transaction related costs, and impairment losses | 0 | 19,000 | 14,538 |
Acquisitions related costs [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Acquisition and transaction related costs, and impairment losses | 33,391 | 24,857 | 11,248 |
Acquisitions related costs [Member] | New York 655 Fifth Avenue [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Penalty on early repayment of loan | 10,949 | ||
Equity Method Investments [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Other than Temporary Impairment Losses Investments | 85,459 | 281,098 | 44,936 |
Toys R Us [Member] | Impairment Loss [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Other than Temporary Impairment Losses Investments | $75,196 | $240,757 | $40,000 |
Basis_of_Presentation_and_Sign5
Basis of Presentation and Significant Accounting Policies (Details 2) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Tax Treatment Of Dividend [Line Items] | |||||||||||
Minimum Percentage of Taxable Income Distributed As Dividends | 90.00% | ||||||||||
Deferred Tax Assets, Valuation Allowance | $94,100,000 | $87,800,000 | $94,100,000 | $87,800,000 | |||||||
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Line Items] | |||||||||||
Net income Attributable to Common Shareholders | 513,238,000 | 131,159,000 | 76,642,000 | 62,349,000 | -68,887,000 | 83,005,000 | 145,926,000 | 231,990,000 | 783,388,000 | 392,034,000 | 549,271,000 |
Depreciation and Amortization | 219,403,000 | 155,401,000 | 205,155,000 | ||||||||
Impairment losses on marketable equity securities | 0 | 37,236,000 | 211,328,000 | ||||||||
Straight-line rent adjustments | -77,526,000 | -64,811,000 | -64,679,000 | ||||||||
Earnings of Partially Owned Entities | 71,960,000 | 339,376,000 | -60,049,000 | ||||||||
Stock Options | -9,566,000 | 4,884,000 | -28,701,000 | ||||||||
Sale of Real Estate | -477,061,000 | -324,936,000 | -123,905,000 | ||||||||
Derivatives | 0 | 31,578,000 | 71,228,000 | ||||||||
Other, net | 1,260,000 | 4,608,000 | 17,080,000 | ||||||||
Estimated Taxable Income (unaudited) | 511,858,000 | 575,370,000 | 776,728,000 | ||||||||
Income Tax Liability Relating to Taxable REIT Subsidiaries Current | 10,777,000 | 9,608,000 | 20,336,000 | ||||||||
Net Basis Difference Of Assets And Liabilities Between Tax Basis And GAAP Basis | $3,600,000,000 | $3,600,000,000 | |||||||||
Ordinary Income [Member] | |||||||||||
Tax Treatment Of Dividend [Line Items] | |||||||||||
Percentage Of Taxable Income Distributed | 100.00% | 62.70% | |||||||||
Long Term Capital Gain [Member] | |||||||||||
Tax Treatment Of Dividend [Line Items] | |||||||||||
Percentage Of Taxable Income Distributed | 37.30% |
Vornado_Capital_Partners_Real_2
Vornado Capital Partners Real Estate Fund (the "Fund") (Narratives) (Details) (USD $) | 12 Months Ended | 0 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 21, 2014 | Jun. 26, 2014 | Jan. 20, 2015 |
Investments | Investments | sqft | |||
Investment Holdings [Line Items] | |||||
Aggregate fair value of Real Estate Fund investments (in US Dollars) | $513,973 | $667,710 | |||
Mortgages payable (in US Dollars) | 9,551,700 | 8,331,993 | |||
Unfunded Commitments Of Fund | 36,031 | ||||
Real Estate Fund [Member] | |||||
Investment Holdings [Line Items] | |||||
Aggregate fair value of Real Estate Fund investments (in US Dollars) | 513,973 | 667,710 | |||
Term of the Fund, years | 8 years | ||||
Investment period for commitments of the Fund, years | 3 years | ||||
Number Of Investments Held By Fund | 7 | 9 | |||
Excess of fair value over cost | 176,899 | ||||
Unfunded Commitments Of Fund | 144,123 | ||||
Real Estate Fund [Member] | Subsequent Event [Member] | |||||
Investment Holdings [Line Items] | |||||
Equity method ownership percentage | 25.00% | ||||
Number Of Limited Partners | 1 | ||||
Retail Georgetown Park [Member] | Real Estate Fund [Member] | |||||
Investment Holdings [Line Items] | |||||
Net realized gain on sale of investment | 51,124 | ||||
Square Footage Of Real Estate Property | 305,000 | ||||
Proceeds from sale of real estate | 272,500 | ||||
Retail Georgetown Park [Member] | Real Estate Fund [Member] | Joint Venture [Member] | |||||
Investment Holdings [Line Items] | |||||
Equity method ownership percentage | 50.00% | ||||
One Park Avenue [Member] | |||||
Investment Holdings [Line Items] | |||||
Aggregate fair value of Real Estate Fund investments (in US Dollars) | 560,000 | ||||
One Park Avenue [Member] | Co Venture [Member] | |||||
Investment Holdings [Line Items] | |||||
Equity method ownership percentage | 45.00% | ||||
One Park Avenue [Member] | Vornado Realty Trust Excluding Real Estate Fund [Member] | |||||
Investment Holdings [Line Items] | |||||
Equity method ownership percentage | 55.00% | ||||
One Park Avenue [Member] | Real Estate Fund [Member] | |||||
Investment Holdings [Line Items] | |||||
Aggregate fair value of Real Estate Fund investments (in US Dollars) | 560,000 | ||||
Net realized gain on sale of investment | 75,529 | ||||
One Park Avenue [Member] | Real Estate Fund [Member] | Joint Venture [Member] | |||||
Investment Holdings [Line Items] | |||||
Sale Of Investments Percentage | 64.70% | ||||
Crowne Plaza Time Square Hotel [Member] | |||||
Investment Holdings [Line Items] | |||||
Equity method ownership percentage | 11.00% | ||||
Crowne Plaza Time Square Hotel [Member] | Subsequent Event [Member] | |||||
Investment Holdings [Line Items] | |||||
Equity method ownership percentage | 33.00% | ||||
Crowne Plaza Time Square Hotel [Member] | Real Estate Fund [Member] | Subsequent Event [Member] | |||||
Investment Holdings [Line Items] | |||||
Mortgages payable (in US Dollars) | 310,000 | ||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | ||||
Spread Over LIBOR (in percentage) | 2.80% | ||||
Debt Instrument Maturity | Dec-18 | ||||
Length Of Extension Available | 1 year | ||||
Crowne Plaza Time Square Hotel [Member] | Real Estate Fund Joint Venture [Member] | Subsequent Event [Member] | |||||
Investment Holdings [Line Items] | |||||
Equity method ownership percentage | 57.00% | ||||
Aggregate fair value of Real Estate Fund investments (in US Dollars) | 480,000 | ||||
Business Acquisition Cost Of Acquired Entity | 95,000 | ||||
Crowne Plaza Time Square Hotel [Member] | Vornado Realty Trust [Member] | Subsequent Event [Member] | |||||
Investment Holdings [Line Items] | |||||
Business Acquisition Cost Of Acquired Entity | $39,000 |
Vornado_Capital_Partners_Real_3
Vornado Capital Partners Real Estate Fund (the "Fund") (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Details Of Income From Real Estate Funds [Abstract] | |||
Income from Real Estate Fund | $163,034 | $102,898 | $63,936 |
Less income attributable to noncontrolling interests | -96,561 | -63,952 | -32,018 |
Income From Real Estate Fund Attributable To Vornado | 70,306 | 49,471 | 24,604 |
Fee And Other Income | 195,745 | 250,618 | 144,124 |
Real Estate Fund [Member] | |||
Details Of Income From Real Estate Funds [Abstract] | |||
Less income attributable to noncontrolling interests | -92,728 | -53,427 | -39,332 |
Fee And Other Income | 2,865 | 2,992 | 3,278 |
Net investment income [Member] | Real Estate Fund [Member] | |||
Details Of Income From Real Estate Funds [Abstract] | |||
Income from Real Estate Fund | 12,895 | 8,943 | 8,575 |
Net realized gains [Member] | Real Estate Fund [Member] | |||
Details Of Income From Real Estate Funds [Abstract] | |||
Income from Real Estate Fund | 76,337 | 8,184 | 0 |
Net unrealized gains [Member] | Real Estate Fund [Member] | |||
Details Of Income From Real Estate Funds [Abstract] | |||
Income from Real Estate Fund | $73,802 | $85,771 | $55,361 |
Acquisitions_Narratives_Detail
Acquisitions (Narratives) (Details) (USD $) | 0 Months Ended | |||||
In Thousands, unless otherwise specified | Aug. 01, 2014 | Oct. 28, 2014 | Nov. 21, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Jan. 20, 2015 |
Story | LimitedPartners | |||||
sqft | ||||||
Business Acquisition [Line Items] | ||||||
Mortgages payable | $9,551,700 | $8,331,993 | ||||
Subsequent Event [Member] | Real Estate Fund [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Equity method ownership percentage | 25.00% | |||||
Number Of Limited Partners | 1 | |||||
Lexington Avenue 715 Retail [Member] | New York Segment [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Acquisition Cost Of Acquired Entity | 63,000 | |||||
St Regis Hotel [Member] | Retail Properties [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Acquisition Cost Of Acquired Entity | 700,000 | |||||
St Regis Hotel [Member] | Retail Properties [Member] | Joint Venture [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Equity method ownership percentage | 74.30% | |||||
Center Building [Member] | New York Segment [Member] | Office Building [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Acquisition Cost Of Acquired Entity | 142,000 | |||||
Square Footage Of Real Estate Property | 437,000 | |||||
Number Of Story In Office Tower | 8 | |||||
Lease Percentage Of Property | 98.00% | |||||
Mortgages payable | 62,000 | |||||
Interest Rate, End of Period (in percentage) | 4.43% | |||||
Debt Instrument Maturity | Oct-18 | |||||
Non Refundable Deposit | $14,200 | |||||
Crowne Plaza Time Square Hotel [Member] | Subsequent Event [Member] | Real Estate Fund [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Number Of Limited Partners | 1 | |||||
Crowne Plaza Time Square Hotel [Member] | New York Segment [Member] | Joint Venture [Member] | Subsequent Event [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Equity method ownership percentage | 57.00% |
Marketable_Securities_and_Deri2
Marketable Securities and Derivative Instruments: Derivative Instruments (Narratives) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 19, 2013 | Mar. 31, 2013 | Sep. 30, 2013 |
Derivative [Line Items] | ||||||
Proceeds from sales of, and return of investment in, marketable securities | $0 | $378,709 | $60,258 | |||
JC Penney [Member] | ||||||
Summary Of Derivative Instruments [Abstract] | ||||||
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities | 39,487 | |||||
Derivative [Line Items] | ||||||
Closing share price (in dollars per share) | $15.11 | $14.29 | ||||
Impairment loss | 39,487 | |||||
Loss from the mark-to-market of J.C. Penney derivative position | 33,487 | |||||
Net loss on sale of common shares in J.C Penney | 54,914 | |||||
Sale of Stock, Number of Shares | 23,400,000 | |||||
Proceeds from sales of, and return of investment in, marketable securities | 334,500 | |||||
Lexington Realty Trust [Member] | Maximum [Member] | ||||||
Derivative [Line Items] | ||||||
Ownership Percentage | 17.20% | |||||
Lexington Realty Trust [Member] | Minimum [Member] | ||||||
Derivative [Line Items] | ||||||
Ownership Percentage | 8.80% | |||||
Other Investments [Member] | ||||||
Derivative [Line Items] | ||||||
Marketable Securities Gain (Loss) | 31,741 | 3,582 | ||||
Proceeds from sales of, and return of investment in, marketable securities | $44,209 | $58,718 | ||||
Shares Owned [Member] | JC Penney [Member] | ||||||
Derivative [Line Items] | ||||||
Ownership common shares, investee (in shares) | 8,584,010 | |||||
Common Shares [Member] | JC Penney [Member] | ||||||
Derivative [Line Items] | ||||||
Receipt of common shares by settling forward contract | 4,815,990 |
Marketable_Securities_and_Deri3
Marketable Securities and Derivative Instruments: Marketable Securities (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Equity Securities | $206,323 | $191,917 |
Available-for-sale Equity Securities, Amortized Cost Basis | 72,549 | 72,608 |
Available-for-sale Securities, Gross Unrealized Gain (Loss) | 133,774 | 119,309 |
Lexington Realty Trust [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Equity Securities | 202,789 | 188,567 |
Available-for-sale Equity Securities, Amortized Cost Basis | 72,549 | 72,549 |
Available-for-sale Securities, Gross Unrealized Gain (Loss) | 130,240 | 116,018 |
Other Equity Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Equity Securities | 3,534 | 3,350 |
Available-for-sale Equity Securities, Amortized Cost Basis | 0 | 59 |
Available-for-sale Securities, Gross Unrealized Gain (Loss) | $3,534 | $3,291 |
Investments_in_Partially_Owned2
Investments in Partially Owned Entities (Details) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2013 | Nov. 01, 2014 | Nov. 02, 2013 | Oct. 27, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2014 |
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Carrying amount of investments in partially owned entities | $1,246,496 | $1,249,667 | $1,704,297 | $1,249,667 | ||||||
Comprehensive Income Net of Tax | 886,582 | 566,454 | 524,585 | |||||||
Income (Loss) From Equity Method Investments | -58,131 | -338,785 | 423,126 | |||||||
Non-cash impairment losses | 0 | 72,974 | 300,752 | |||||||
Impairment Losses | 26,518 | 37,170 | 133,977 | |||||||
Condensed Financial Information For Equity Method Investments [Abstract] | ||||||||||
Assets | 21,389,000 | 21,773,000 | 21,773,000 | |||||||
Liabilities | 17,986,000 | 17,982,000 | 17,982,000 | |||||||
Noncontrolling interests | 104,000 | 96,000 | 96,000 | |||||||
Equity | 3,299,000 | 3,695,000 | 3,695,000 | |||||||
Total revenue | 13,620,000 | 14,092,000 | 15,119,000 | |||||||
Net income (loss) income attributable to investee | -434,000 | -368,000 | 1,091,000 | |||||||
Equity Method Investment Summarized Financial Information Gain Loss On Sale Of Real Estate Assets | 600,000 | |||||||||
Toys R Us [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Equity method ownership percentage | 32.60% | |||||||||
Equity in net income | 78,542 | |||||||||
Fair value of invesements in Toys R Us | 80,062 | 80,062 | ||||||||
Carrying amount of investments in partially owned entities | 0 | 83,224 | 83,224 | |||||||
Comprehensive Income Net of Tax | 3,162 | |||||||||
Excess of investee's carrying amount over equity in net assets | 162,215 | 162,215 | ||||||||
Income (Loss) From Equity Method Investments | -73,556 | -362,377 | 14,859 | |||||||
Non-cash impairment losses | 355,953 | |||||||||
Condensed Financial Information For Equity Method Investments [Abstract] | ||||||||||
Assets | 11,267,000 | 11,756,000 | ||||||||
Liabilities | 10,377,000 | 10,437,000 | ||||||||
Noncontrolling interests | 82,000 | 75,000 | ||||||||
Equity | 808,000 | 1,244,000 | ||||||||
Total revenue | 12,645,000 | 13,046,000 | 13,698,000 | |||||||
Net income (loss) income attributable to investee | -343,000 | -396,000 | 138,000 | |||||||
Equity Method Investment, Difference Excess Of Underlying Equity Over Carrying Amount | 263,455 | |||||||||
Toys R Us [Member] | Equity In Net Income After Income Taxes [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | -4,691 | -128,919 | 45,267 | 75,196 | ||||||
Toys R Us [Member] | Management Fees [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 6,331 | 7,299 | 9,592 | |||||||
Toys R Us [Member] | Impairment Loss [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Other than Temporary Impairment Losses Investments | 162,215 | |||||||||
Income (Loss) From Equity Method Investments | -75,196 | -240,757 | -40,000 | |||||||
Alexanders Inc [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Equity method ownership percentage | 32.40% | |||||||||
Carrying amount of investments in partially owned entities | 131,616 | 167,785 | 167,785 | |||||||
Excess of investee's carrying amount over equity in net assets | 42,048 | |||||||||
Income (Loss) From Equity Method Investments | 30,009 | 24,402 | 218,391 | |||||||
Condensed Financial Information For Equity Method Investments [Abstract] | ||||||||||
Assets | 1,423,000 | 1,458,000 | 1,458,000 | |||||||
Liabilities | 1,075,000 | 1,124,000 | 1,124,000 | |||||||
Equity | 348,000 | 334,000 | 334,000 | |||||||
Total revenue | 201,000 | 196,000 | 191,000 | |||||||
Net income (loss) income attributable to investee | 68,000 | 57,000 | 674,000 | |||||||
Equity Method Investment Summarized Financial Information Gain Loss On Sale Of Real Estate Assets | 600,000 | |||||||||
Alexanders Inc [Member] | Equity In Net Income After Income Taxes [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 21,287 | 17,721 | 24,709 | |||||||
Alexanders Inc [Member] | Management Leasing And Development Fees [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 8,722 | 6,681 | 13,748 | |||||||
Alexanders Inc [Member] | Net Gain On Sale Of Real Estate [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 0 | 0 | 179,934 | |||||||
India real estate ventures [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Carrying amount of investments in partially owned entities | 76,752 | 88,467 | 88,467 | |||||||
Income (Loss) From Equity Method Investments | -8,309 | -3,533 | -5,008 | |||||||
Non-cash impairment losses | 5,771 | |||||||||
India real estate ventures [Member] | Minimum [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Equity method ownership percentage | 4.10% | |||||||||
India real estate ventures [Member] | Maximum [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Equity method ownership percentage | 36.50% | |||||||||
India real estate ventures [Member] | Tcg Urban Infrastructure Holdings [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Equity method ownership percentage | 25.00% | |||||||||
Partially owned office buildings [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Carrying amount of investments in partially owned entities | 760,749 | 621,294 | 621,294 | |||||||
Income (Loss) From Equity Method Investments | 93 | -4,212 | -3,770 | |||||||
Other equity method investments [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Carrying amount of investments in partially owned entities | 277,379 | 288,897 | 288,897 | |||||||
Income (Loss) From Equity Method Investments | -6,368 | -10,817 | 103,644 | |||||||
Other equity method investments [Member] | Suffolk Downs [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Non-cash impairment losses | 10,263 | |||||||||
Impairment Losses | 5,959 | |||||||||
Asset Impairment Loan Loss Reserve | 4,304 | |||||||||
Lexington Realty Trust [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 0 | -979 | 28,740 | |||||||
Lexington Realty Trust [Member] | Net Gain From Stock Issuance And Asset Acquisition [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 0 | 0 | 28,763 | |||||||
Lexington Realty Trust [Member] | Impairment Loss [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 0 | -979 | -23 | |||||||
LNR [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Other than Temporary Impairment Losses Investments | 27,231 | |||||||||
Income (Loss) From Equity Method Investments | 0 | 18,731 | 66,270 | |||||||
LNR [Member] | Net gain on sale [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 0 | 3,776 | 0 | |||||||
LNR [Member] | Equity In Net Income After Income Taxes [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 0 | 42,186 | 66,270 | |||||||
LNR [Member] | Impairment Loss [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Income (Loss) From Equity Method Investments | 0 | -27,231 | 0 | |||||||
All Equity Method Investees Excluding Toys [Member] | ||||||||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | ||||||||||
Carrying amount of investments in partially owned entities | 1,246,496 | 1,166,443 | 1,166,443 | |||||||
Income (Loss) From Equity Method Investments | $15,425 | $23,592 | $408,267 |
Investments_in_Partially_Owned3
Investments in Partially Owned Entities (Alexander's Inc.) (Details) (USD $) | 12 Months Ended | 0 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 22, 2014 | Jan. 15, 2015 | |
Leasing Agreement [Abstract] | |||||
Fee And Other Income | $195,745,000 | $250,618,000 | $144,124,000 | ||
Condensed Financial Information For Equity Method Investments [Abstract] | |||||
Assets | 21,389,000,000 | 21,773,000,000 | |||
Liabilities | 17,986,000,000 | 17,982,000,000 | |||
Noncontrolling interests | 104,000,000 | 96,000,000 | |||
Equity | 3,299,000,000 | 3,695,000,000 | |||
Total revenue | 13,620,000,000 | 14,092,000,000 | 15,119,000,000 | ||
Net income (loss) income attributable to investee | -434,000,000 | -368,000,000 | 1,091,000,000 | ||
Equity Method Investment Summarized Financial Information Gain Loss On Sale Of Real Estate Assets | 600,000,000 | ||||
Retail Segment Strip Shopping Centers [Member] | |||||
Managment And Development Agreement [Abstract] | |||||
Number Of Real Estate Properties | 22 | ||||
Subsequent Event [Member] | Urban Edge Properties [Member] | |||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | |||||
Equity method ownership percentage | 5.40% | ||||
Managment And Development Agreement [Abstract] | |||||
Cash Considerations Transferred During Spin Off | 225,000,000 | ||||
Subsequent Event [Member] | Urban Edge Properties [Member] | Retail Segment Strip Shopping Centers [Member] | |||||
Managment And Development Agreement [Abstract] | |||||
Number Of Real Estate Properties | 79 | ||||
Subsequent Event [Member] | Urban Edge Properties [Member] | Retail Segment Regional Malls [Member] | |||||
Managment And Development Agreement [Abstract] | |||||
Number Of Real Estate Properties | 3 | ||||
Subsequent Event [Member] | Urban Edge Properties [Member] | Warehouse [Member] | |||||
Managment And Development Agreement [Abstract] | |||||
Number Of Real Estate Properties | 1 | ||||
Alexanders Inc [Member] | |||||
Equity Method Investments And Income From Equity Method Investments [Abstract] | |||||
Ownership common shares, investee (in shares) | 1,654,068 | ||||
Equity method ownership percentage | 32.40% | ||||
Closing share price (in dollars per share) | $437.18 | ||||
Equity Method Investment Market Value | 723,125,000 | ||||
Excess of investee's fair value over carrying amount | 591,509,000 | ||||
Excess of investee's carrying amount over equity in net assets | 42,048,000 | ||||
Managment And Development Agreement [Abstract] | |||||
Property Management Fee Description | equal to the sum of (i) $2,800,000, (ii) 2% of the gross revenue from the Rego Park II Shopping Center, (iii) $0.50 per square foot of the tenant-occupied office and retail space at 731 Lexington Avenue, and (iv) $280,000, escalating at 3% per annum, for managing the common area of 731 Lexington Avenue. | ||||
Management and Development fee income | 2,800,000 | ||||
Development Fee Percent | 6.00% | ||||
Leasing Agreement [Abstract] | |||||
Leasing Services Fee Description | leasing services for a fee of 3% of rent for the first ten years of a lease term, 2% of rent for the eleventh through twentieth year of a lease term and 1% of rent for the twenty-first through thirtieth year of a lease term, subject to the payment of rents by Alexander’s tenants. In the event third-party real estate brokers are used, our fee increases by 1% and we are responsible for the fees to the third-parties. | ||||
Lease Fee Percentage Of Rent One To Ten Years | 3.00% | ||||
Lease Fee Percentage Of Rent Eleven To Twenty Years | 2.00% | ||||
Lease Fee Percentage Of Rent Twenty First To Thirty Years | 1.00% | ||||
Percentage Increase Lease Fee If Broker Used | 1.00% | ||||
Asset Sale Commission Threshold | 50,000,000 | ||||
Percentage Commissions On Sale Of Assets Under Fifty Million | 3.00% | ||||
Percentage Commissions On Sale Of Assets Over Fifty Million | 1.00% | ||||
Leasing Services Fee And Commission On Asset Sales Annual Installment Maximum | 4,000,000 | ||||
Debt Instrument, Description of Variable Rate Basis | one-year LIBOR | ||||
Spread Over LIBOR (in percentage) | 1.00% | ||||
Unpaid Balance Year End Interest Rate | 1.58% | ||||
Repayment of Alexander's Inc. leasing commissions | 40,353,000 | ||||
Other Agreements [Abstract] | |||||
Fee Income recognized by equity method investees for building maintenance services | 2,318,000 | 2,036,000 | 2,362,000 | ||
Other Financial Data For Equity Method Investments [Abstract] | |||||
Commission On Asset Sales Description | commission upon the sale of any of Alexander’s assets equal to 3% of gross proceeds, as defined, for asset sales less than $50,000,000, and 1% of gross proceeds, as defined, for asset sales of $50,000,000 or more. | ||||
Other Services Fee Description | Building Maintenance Services (“BMS”), our wholly-owned subsidiary, supervises (i) cleaning, engineering and security services at Alexander’s 731 Lexington Avenue property and (ii) security services at Alexander’s Rego Park I and Rego Park II properties, for an annual fee of the costs for such services plus 6%. | ||||
Condensed Financial Information For Equity Method Investments [Abstract] | |||||
Assets | 1,423,000,000 | 1,458,000,000 | |||
Liabilities | 1,075,000,000 | 1,124,000,000 | |||
Equity | 348,000,000 | 334,000,000 | |||
Total revenue | 201,000,000 | 196,000,000 | 191,000,000 | ||
Net income (loss) income attributable to investee | 68,000,000 | 57,000,000 | 674,000,000 | ||
Equity Method Investment Summarized Financial Information Gain Loss On Sale Of Real Estate Assets | 600,000,000 | ||||
Alexanders Inc [Member] | Rego Park 2 Property [Member] | |||||
Managment And Development Agreement [Abstract] | |||||
Property Management Fee Agreement Percentage Of Income | 2.00% | ||||
Alexanders Inc [Member] | Lexington Avenue 731 [Member] | |||||
Managment And Development Agreement [Abstract] | |||||
Property Management Fee Agreement Price Per Square Foot | 0.5 | ||||
Alexanders Inc [Member] | Common Area 731 Lexington Avenue [Member] | |||||
Managment And Development Agreement [Abstract] | |||||
Management and Development fee income | $280,000 | ||||
Property Management Fee Agreement Percentage Of Income | 3.00% | ||||
Other Agreements [Abstract] | |||||
Other Supervisory Fees Percent | 6.00% |
Investments_in_Partially_Owned4
Investments in Partially Owned Entities (LNR) (Details) (USD $) | 12 Months Ended | 1 Months Ended | 3 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 31, 2013 | Mar. 31, 2013 | |
Schedule Of Equity Method Investments [Line Items] | |||||
Proceeds from the sale of LNR | $0 | $240,474,000 | $0 | ||
LNR [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Sales Of Real Estate | 1,053,000,000 | ||||
Impairment loss | 27,231,000 | ||||
LNR [Member] | Vornado Realty Trust [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Proceeds from the sale of LNR | $240,474,000 |
Investments_in_Partially_Owned5
Investments in Partially Owned Entities (One Park Avenue and 61 Ninth Avenue) (Details) (USD $) | 12 Months Ended | 0 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Jun. 26, 2014 | Jul. 23, 2014 | Dec. 31, 2013 |
sqft | ||||
Schedule Of Equity Method Investments [Line Items] | ||||
Aggregate fair value of Real Estate Fund investments (in US Dollars) | $513,973 | $667,710 | ||
Notes And Loans Payable | 9,551,700 | 8,331,993 | ||
Lease expiration term | 30 years | |||
One Park Avenue [Member] | ||||
Schedule Of Equity Method Investments [Line Items] | ||||
Aggregate fair value of Real Estate Fund investments (in US Dollars) | 560,000 | |||
Maturity, Range, End | Mar-16 | |||
One Park Avenue [Member] | Mortgage loan at 4.995% Matures 2016 [Member] | ||||
Schedule Of Equity Method Investments [Line Items] | ||||
Notes And Loans Payable | 250,000 | |||
Interest Rate, End of Period (in percentage) | 5.00% | |||
One Park Avenue [Member] | Vornado Realty Trust [Member] | ||||
Schedule Of Equity Method Investments [Line Items] | ||||
Equity Method Investment Ownership Additional Investment | 22,700 | |||
Equity method ownership percentage | 55.00% | 46.50% | ||
One Park Avenue [Member] | Co Venture [Member] | ||||
Schedule Of Equity Method Investments [Line Items] | ||||
Equity method ownership percentage | 45.00% | |||
Sixty One Ninth Avenue Property [Member] | ||||
Schedule Of Equity Method Investments [Line Items] | ||||
Equity method ownership percentage | 50.10% | |||
Lease expiration term | 99 years | |||
Square Footage Of Real Estate Property | 130,000 | |||
Estimated Development Cost | $125,000 |
Investments_in_Partially_Owned6
Investments in Partially Owned Entities - Debt (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Schedule Of Equity Method Investments [Line Items] | ||
Equity Method Investment Pro Rata Share Debt Of Partially Owned Entities | $4,273,632 | $4,189,403 |
Toys R Us [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Equity method ownership percentage | 32.60% | |
Maturity, Range, Start | 2015 | |
Maturity, Range, End | 2021 | |
Interest Rate, End of Period (in percentage) | 7.23% | |
Equity Method Investment Debt Of Partially Owned Entities | 5,748,350 | 5,702,247 |
Alexanders Inc [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Equity method ownership percentage | 32.40% | |
Maturity, Range, Start | 2015 | |
Maturity, Range, End | 2021 | |
Interest Rate, End of Period (in percentage) | 2.59% | |
Equity Method Investment Debt Of Partially Owned Entities | 1,032,780 | 1,049,959 |
Partially owned office buildings [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Maturity, Range, Start | 2015 | |
Maturity, Range, End | 2023 | |
Interest Rate, End of Period (in percentage) | 5.59% | |
Equity Method Investment Debt Of Partially Owned Entities | 3,691,274 | 3,622,759 |
India real estate ventures [Member] | Minimum [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Equity method ownership percentage | 4.10% | |
India real estate ventures [Member] | Maximum [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Equity method ownership percentage | 36.50% | |
India real estate ventures [Member] | Tcg Urban Infrastructure Holdings [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Equity method ownership percentage | 25.00% | |
Maturity, Range, Start | 2015 | |
Maturity, Range, End | 2026 | |
Interest Rate, End of Period (in percentage) | 13.25% | |
Equity Method Investment Debt Of Partially Owned Entities | 183,541 | 199,021 |
Other equity method investments [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Maturity, Range, Start | 2015 | |
Maturity, Range, End | 2023 | |
Interest Rate, End of Period (in percentage) | 4.33% | |
Equity Method Investment Debt Of Partially Owned Entities | $1,480,485 | $1,709,509 |
Mortgage_and_Mezzanine_Loans_R1
Mortgage and Mezzanine Loans Receivable (Narratives) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | ||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 14, 2014 | Mar. 31, 2013 | Oct. 31, 2012 | Apr. 17, 2013 | 31-May-14 | Mar. 31, 2014 | |
Story | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Other liabilities | $384,676,000 | $436,360,000 | |||||||
Elimination of a mortgage and mezzanine loan asset and liability | 59,375,000 | 0 | 0 | ||||||
Interest And Other investment (Loss) Income Net | 38,787,000 | -24,876,000 | -261,179,000 | ||||||
Mortgage and mezzanine loans receivable | 16,748,000 | 170,972,000 | |||||||
Mortgage and mezzanine loans receivable, allowance (in US dollars) | 5,811,000 | 5,845,000 | |||||||
Mezzanine Loan Receivable - Interest Rate | 9.10% | 11.00% | |||||||
Mezzanine Loans Receiveable - Maturity Start Date | Apr-15 | ||||||||
Mezzanine Loans Receiveable - Maturity End Date | May-16 | ||||||||
NY 701 Seventh Avenue [Member] | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Mezzanine Loan Ownership Percentage | 25.00% | ||||||||
Mortgage and mezzanine loan for the acquisition and redevelopment | 475,000,000 | ||||||||
Number Of Story In Office Tower | 10 | ||||||||
Loans Receivable Description Of Variable Rate Basis | LIBOR | ||||||||
Loans Receivable, Basis Spread on Variable Rate | 10.20% | ||||||||
LIBOR Floor (in percentage) | 1.00% | ||||||||
Mezzanine Loans Receivable - Carrying Amount | 375,000,000 | ||||||||
Percentage Of Participation In Mortgage Interest Sold | 25.00% | ||||||||
Other liabilities | 59,375,000 | ||||||||
Elimination of a mortgage and mezzanine loan asset and liability | 59,375,000 | ||||||||
NY 701 Seventh Avenue [Member] | Vornado Realty Trust [Member] | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Mezzanine Loans Receivable - Carrying Amount | 93,750,000 | ||||||||
Other Mezzanine Loan [Member] | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Prepayment Of Mezzanine Loan Receivable | 50,091,000 | 25,000,000 | 30,000,000 | ||||||
Mezzanine Loan Receivable - Maturity Date | Aug-15 | Nov-14 | Jan-15 | ||||||
Proceeds From Collection Of Notes Receivable Including Prepayment Penalty | 55,358,000 | ||||||||
Interest And Other investment (Loss) Income Net | $5,267,000 |
Dispositions_Narratives_Detail
Dispositions (Narratives) (Details) (USD $) | 12 Months Ended | 0 Months Ended | ||||||||||||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 24, 2014 | Jul. 08, 2014 | Mar. 02, 2014 | Jan. 24, 2013 | Apr. 15, 2013 | Sep. 23, 2013 | Nov. 07, 2012 | Jul. 26, 2012 | Jan. 06, 2012 | Jun. 22, 2012 | Dec. 31, 2012 | Dec. 18, 2014 | Dec. 17, 2013 | |
sqft | sqft | Properties | sqft | sqft | sqft | sqft | sqft | sqft | ||||||||
sqft | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Net gains on sale of real estate | $507,192,000 | $414,502,000 | $245,799,000 | |||||||||||||
Gain on sale of Canadian Trade Shows | 0 | 0 | 31,105,000 | |||||||||||||
Impairment Losses | 26,518,000 | 37,170,000 | 133,977,000 | |||||||||||||
Seller Financing Related To Property Sales | 0 | 0 | 35,000,000 | |||||||||||||
Retail Segment Strip Shopping Centers [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 66,410,000 | |||||||||||||||
Net gains on sale of real estate | 22,500,000 | |||||||||||||||
Number Of Real Estate Properties Sold | 6 | |||||||||||||||
Number Of Real Estate Properties | 22 | |||||||||||||||
Canadian Trade Shows [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gain on sale of Canadian Trade Shows | 0 | 0 | 19,657,000 | |||||||||||||
Income tax on gain on sale | 11,448,000 | |||||||||||||||
Retail Properties Segment [Member] | Retail Segment Strip Shopping Centers [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Sale price of real estate | 82,300,000 | 157,000,000 | ||||||||||||||
Net gains on sale of real estate | 7,851,000 | 22,266,000 | ||||||||||||||
Number Of Real Estate Properties Sold | 12 | 12 | ||||||||||||||
Retail Properties Segment [Member] | Retail NY Hicksville (Broadway Mall) [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 94,000,000 | |||||||||||||||
Net proceeds from the sale of real estate | 92,174,000 | |||||||||||||||
Retail Properties Segment [Member] | Retail CA Los Angeles Beverly Connection [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 260,000,000 | |||||||||||||||
Square Footage Of Real Estate Property Sold | 335,000 | |||||||||||||||
Sale price of real estate | 239,000,000 | |||||||||||||||
Mortgage loan receivable | 21,000,000 | |||||||||||||||
Mortgage loan receivable maturity tenure | 10 years | |||||||||||||||
Net gains on sale of real estate | 44,155,000 | |||||||||||||||
Retail Properties Segment [Member] | Retail Springfield Mall [Member] | Pennsylevenia Real Estate Investment Trust [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 465,000,000 | |||||||||||||||
Square Footage Of Real Estate Property Sold | 1,350,000 | |||||||||||||||
Sale price of real estate | 340,000,000 | |||||||||||||||
Operating Partnership Units Value Received From Buyer | 125,000,000 | |||||||||||||||
Impairment Losses | 20,000,000 | |||||||||||||||
Retail Properties Segment [Member] | Green Acres Mall [Member] | Retail Segment Regional Malls [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 500,000,000 | |||||||||||||||
Net proceeds from the sale of real estate | 185,000,000 | |||||||||||||||
Net gains on sale of real estate | 202,275,000 | |||||||||||||||
Retail Properties Segment [Member] | Plant [Member] | Retail Segment Strip Shopping Centers [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 203,000,000 | |||||||||||||||
Net proceeds from the sale of real estate | 98,000,000 | |||||||||||||||
Net gains on sale of real estate | 32,169,000 | |||||||||||||||
Retail Properties Segment [Member] | Gallery At Market Street [Member] | Retail Segment Strip Shopping Centers [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 60,000,000 | |||||||||||||||
Net proceeds from the sale of real estate | 58,000,000 | |||||||||||||||
Net gains on sale of real estate | 33,058,000 | |||||||||||||||
Retail Properties Segment [Member] | Tampa Florida [Member] | Retail Segment Strip Shopping Centers [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 45,000,000 | |||||||||||||||
Retail Properties Segment [Member] | Tampa Florida [Member] | Retail Segment Strip Shopping Centers [Member] | Vornado Realty Trust [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 33,750,000 | |||||||||||||||
Net proceeds from the sale of real estate | 20,810,000 | |||||||||||||||
Net gains on sale of real estate | 8,728,000 | |||||||||||||||
Sale Of Ownership Interest Percent | 75.00% | |||||||||||||||
Washington DC Segment [Member] | Reston Executive [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 126,250,000 | |||||||||||||||
Square Footage Of Real Estate Property Sold | 494,000 | |||||||||||||||
Net gains on sale of real estate | 36,746,000 | |||||||||||||||
Number Of Real Estate Properties Sold | 3 | |||||||||||||||
Washington DC Segment [Member] | 409 Third Street SW [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Square Footage Of Real Estate Property Sold | 409,000 | |||||||||||||||
Sale price of real estate | 200,000,000 | |||||||||||||||
Net gains on sale of real estate | 126,621,000 | |||||||||||||||
Merchandise Mart Segment [Member] | West Mart Center 350 [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Square Footage Of Real Estate Property Sold | 1,200,000 | |||||||||||||||
Sale price of real estate | 228,000,000 | |||||||||||||||
Net gains on sale of real estate | 54,911,000 | |||||||||||||||
Merchandise Mart Segment [Member] | LA Mart [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 53,000,000 | |||||||||||||||
Square Footage Of Real Estate Property Sold | 784,000 | |||||||||||||||
Sale price of real estate | 18,000,000 | |||||||||||||||
Duration Of Seller Financing Rate | 9 months | |||||||||||||||
Seller financing rate | 6.00% | |||||||||||||||
Seller Financing Related To Property Sales | 35,000,000 | |||||||||||||||
Merchandise Mart Segment [Member] | Washington Design Center and Canadian Trade Shows [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Sale price of real estate | 103,000,000 | |||||||||||||||
Merchandise Mart Segment [Member] | Washington Design Center [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Square Footage Of Real Estate Property Sold | 393,000 | |||||||||||||||
Merchandise Mart Segment [Member] | Canadian Trade Shows [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gain on sale of Canadian Trade Shows | 19,657,000 | |||||||||||||||
Merchandise Mart Segment [Member] | Boston Design Center [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Square Footage Of Real Estate Property Sold | 554,000 | 554,000 | ||||||||||||||
Sale price of real estate | 72,400,000 | |||||||||||||||
Net gains on sale of real estate | 5,252,000 | |||||||||||||||
New York Segment [Member] | New York Office 1740 Broadway [Member] | Office Building [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 605,000,000 | |||||||||||||||
Net proceeds from the sale of real estate | 580,000,000 | |||||||||||||||
Square Footage Of Real Estate Property Sold | 601,000 | |||||||||||||||
Net gains on sale of real estate | 441,000,000 | |||||||||||||||
Income tax on gain on sale | 484,000,000 | |||||||||||||||
New York Segment [Member] | New York Office 866 UN Plaza [Member] | ||||||||||||||||
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] | ||||||||||||||||
Gross proceeds from the sale of real estate | 200,000,000 | |||||||||||||||
Net proceeds from the sale of real estate | 146,439,000 | |||||||||||||||
Square Footage Of Real Estate Property Sold | 360,000 | |||||||||||||||
Net gains on sale of real estate | $127,512,000 |
Dispositions_Details_1
Dispositions (Details 1) (USD $) | 12 Months Ended | 0 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 26, 2012 |
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract | ||||
Assets related to discontinued operations | $477,620 | $874,050 | ||
Liabilities related to discontinued operations | 211 | 14,709 | ||
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract] | ||||
Total revenues | 70,593 | 129,860 | 264,878 | |
Total expenses | 36,424 | 79,458 | 190,450 | |
Income from discontinued operations before gain on sale of real estate | 34,169 | 50,402 | 74,428 | |
Net gains on sale of real estate | 507,192 | 414,502 | 245,799 | |
Impairment losses | -26,518 | -18,170 | -119,439 | |
Gain on sale of Canadian Trade Shows, net of 11,448 of income taxes | 0 | 0 | 31,105 | |
Income (Loss) from Discontinued Operations | 514,843 | 446,734 | 220,445 | |
Canadian Trade Shows [Member] | ||||
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract] | ||||
Gain on sale of Canadian Trade Shows, net of 11,448 of income taxes | 0 | 0 | 19,657 | |
Retail Properties Segment [Member] | ||||
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract | ||||
Assets related to discontinued operations | 477,620 | 735,888 | ||
Liabilities related to discontinued operations | 211 | 14,709 | ||
New York Segment [Member] | ||||
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract | ||||
Assets related to discontinued operations | 0 | 138,162 | ||
Liabilities related to discontinued operations | 0 | 0 | ||
Other Segment [Member] | ||||
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract] | ||||
Income (Loss) from Discontinued Operations | 807 | -647 | 74,947 | |
Merchandise Mart Segment [Member] | Canadian Trade Shows [Member] | ||||
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract] | ||||
Gain on sale of Canadian Trade Shows, net of 11,448 of income taxes | $19,657 |
Identified_Intangible_Assets_a2
Identified Intangible Assets and Intangible Liabilities (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | |||
Gross amount | $502,080 | $583,862 | |
Accumulated amortization | -225,841 | -276,426 | |
Net | 276,239 | 307,436 | |
Gross amount | 885,763 | 855,860 | |
Accumulated amortization | -396,895 | -359,371 | |
Net | 488,868 | 496,489 | |
Below Market Leases Net Of Above Market Leases [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization of Intangible Assets | 46,277 | 50,128 | 51,271 |
2015 | 57,202 | ||
2016 | 45,333 | ||
2017 | 42,457 | ||
2018 | 41,311 | ||
2019 | 30,950 | ||
Other Identified Intangible Assets [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization of Intangible Assets | 29,870 | 64,196 | 49,442 |
2015 | 27,210 | ||
2016 | 21,437 | ||
2017 | 17,859 | ||
2018 | 13,533 | ||
2019 | 11,553 | ||
Tenant Under Ground Leases [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization of Intangible Assets | 3,363 | 4,290 | 1,261 |
2015 | 3,363 | ||
2016 | 3,363 | ||
2017 | 3,363 | ||
2018 | 3,363 | ||
2019 | $3,363 |
Debt_Narratives_Details
Debt (Narratives) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 0 Months Ended | |||||||||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 16, 2014 | Jan. 31, 2014 | Apr. 16, 2014 | Jul. 16, 2014 | Dec. 08, 2014 | Jan. 06, 2015 | Jan. 15, 2015 | Aug. 12, 2014 | Oct. 27, 2014 | Aug. 26, 2014 | Oct. 31, 2014 | Dec. 31, 2014 | Jan. 31, 2015 | Sep. 30, 2014 | |
sqft | sqft | Tranches | Properties | Extensions | Extensions | ||||||||||||
Extensions | sqft | CreditFacilities | |||||||||||||||
sqft | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | $9,551,700,000 | $8,331,993,000 | $9,551,700,000 | ||||||||||||||
Proceeds from borrowings | 2,428,285,000 | 2,262,245,000 | 3,593,000,000 | ||||||||||||||
Senior Unsecured Notes Due 2019 [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument Maturity | 30-Jun-19 | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 2.58% | ||||||||||||||||
Public Offering Of Notes Payable (in US Dollars) | 450,000,000 | ||||||||||||||||
Public Offering, Interest Rate | 2.50% | ||||||||||||||||
Debt Instrument Issuance Price Percentage | 99.62% | ||||||||||||||||
New York Manhattan 220 Central Park South Site [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | ||||||||||||||||
New York Two Penn Plaza [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 153,000,000 | ||||||||||||||||
Notes And Mortgages Payable Fixed Rate [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 7,710,931,000 | 7,563,133,000 | 7,710,931,000 | ||||||||||||||
Interest Rate, End of Period (in percentage) | 4.45% | 4.45% | |||||||||||||||
Notes And Mortgages Payable Fixed Rate [Member] | New York 909 Third Avenue [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 193,000,000 | ||||||||||||||||
Debt Instrument Maturity | May-21 | ||||||||||||||||
Notes And Loans Payable Refinanced Amount (in US Dollars) | 350,000,000 | ||||||||||||||||
Square Footage Of Real Estate Property | 1,300,000 | ||||||||||||||||
Debt Term | 7 years | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 5.64% | 3.91% | |||||||||||||||
Proceeds from borrowings | 145,000,000 | ||||||||||||||||
Notes And Mortgages Payable Fixed Rate [Member] | Las Catalinas Mall [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 130,000,000 | ||||||||||||||||
Debt Instrument Maturity | Aug-24 | ||||||||||||||||
Square Footage Of Real Estate Property | 494,000 | ||||||||||||||||
Debt Term | 10 years | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 4.43% | ||||||||||||||||
Debt Instrument Amortization Period | 30 years | ||||||||||||||||
Debt Maturity Beginning Period | 6 years | ||||||||||||||||
Notes And Mortgages Payable Fixed Rate [Member] | New York Two Penn Plaza [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 422,000,000 | ||||||||||||||||
Debt Instrument Maturity | Mar-18 | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 4.78% | ||||||||||||||||
Notes And Mortgages Payable Fixed Rate [Member] | New York Two Penn Plaza [Member] | Swap [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument Maturity | Mar-18 | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 4.78% | ||||||||||||||||
Notes And Mortgages Payable Fixed Rate [Member] | Retail Montehiedra Town Center [Member] | Subsequent Event [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 120,000,000 | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 6.04% | ||||||||||||||||
Number Of Loan Tranches | 2 | ||||||||||||||||
Debt Instrument Maturity Date Original | Jul-16 | ||||||||||||||||
Debt Instrument Maturity Date New | Jul-21 | ||||||||||||||||
Notes And Mortgages Payable Fixed Rate [Member] | Retail Montehiedra Town Center [Member] | Subsequent Event [Member] | Urban Edge Properties [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest Rate, End of Period (in percentage) | 10.00% | ||||||||||||||||
Unfunded Commitments to the Real Estate Fund | 20,000,000 | ||||||||||||||||
Commitment Funded During Period | 8,000,000 | ||||||||||||||||
Notes And Mortgages Payable Fixed Rate Senior Position [Member] | Retail Montehiedra Town Center [Member] | Subsequent Event [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest Rate, End of Period (in percentage) | 5.33% | ||||||||||||||||
Principal amount of mortgage loans | 90,000,000 | ||||||||||||||||
Notes And Mortgages Payable Fixed Rate Junior Position [Member] | Retail Montehiedra Town Center [Member] | Subsequent Event [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest Rate, End of Period (in percentage) | 3.00% | ||||||||||||||||
Principal amount of mortgage loans | 30,000,000 | ||||||||||||||||
Notes And Mortgages Payable Variable Rate [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 1,840,769,000 | 768,860,000 | 1,840,769,000 | ||||||||||||||
Interest Rate, End of Period (in percentage) | 2.20% | 2.20% | |||||||||||||||
Notes And Mortgages Payable Variable Rate [Member] | New York Manhattan 220 Central Park South Site [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 600,000,000 | ||||||||||||||||
Spread Over LIBOR (in percentage) | 2.75% | ||||||||||||||||
Debt Instrument Maturity | Jan-16 | ||||||||||||||||
Number Of Extensions Available | 3 | ||||||||||||||||
Length Of Extension Available | 1 year | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 2.92% | 2.92% | |||||||||||||||
Notes And Mortgages Payable Variable Rate [Member] | Washington DC Universal Buildings [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 185,000,000 | ||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | ||||||||||||||||
Spread Over LIBOR (in percentage) | 1.90% | ||||||||||||||||
Debt Instrument Maturity | Aug-19 | ||||||||||||||||
Number Of Extensions Available | 2 | ||||||||||||||||
Length Of Extension Available | 1 year | ||||||||||||||||
Square Footage Of Real Estate Property | 690,000 | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 2.06% | 2.06% | |||||||||||||||
Debt Instrument Amortization Period | 30 years | ||||||||||||||||
Debt Maturity Beginning Period | 4 years | ||||||||||||||||
Number Of Office Buildings | 2 | ||||||||||||||||
Notes And Mortgages Payable Variable Rate [Member] | New York 655 Fifth Avenue [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 140,000,000 | ||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | ||||||||||||||||
Spread Over LIBOR (in percentage) | 1.40% | ||||||||||||||||
Debt Instrument Maturity | Oct-19 | ||||||||||||||||
Number Of Extensions Available | 2 | ||||||||||||||||
Length Of Extension Available | 1 year | ||||||||||||||||
Square Footage Of Real Estate Property | 57,500 | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 1.56% | 1.56% | |||||||||||||||
Notes And Mortgages Payable Variable Rate [Member] | New York Two Penn Plaza [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | ||||||||||||||||
Spread Over LIBOR (in percentage) | 1.65% | ||||||||||||||||
Debt Instrument Maturity | 2019 | ||||||||||||||||
Number Of Extensions Available | 2 | ||||||||||||||||
Length Of Extension Available | 1 year | ||||||||||||||||
Notes And Loans Payable Refinanced Amount (in US Dollars) | 575,000,000 | ||||||||||||||||
Square Footage Of Real Estate Property | 1,600,000 | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 1.81% | 1.81% | |||||||||||||||
Proceeds from borrowings | 143,000,000 | ||||||||||||||||
Notes And Mortgages Payable Variable Rate [Member] | New York Two Penn Plaza [Member] | Swap [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 422,000,000 | ||||||||||||||||
Total Notes And Mortgages Payable [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Mortgages payable (in US Dollars) | 9,551,700,000 | 8,331,993,000 | 9,551,700,000 | ||||||||||||||
Interest Rate, End of Period (in percentage) | 4.02% | 4.02% | |||||||||||||||
Standby Commitment [Member] | New York Manhattan 220 Central Park South Site [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Term | 5 years | ||||||||||||||||
Mezzanine loan financing (in US Dollars) | 500,000,000 | ||||||||||||||||
Senior Unsecured Notes [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest Rate, End of Period (in percentage) | 3.89% | 3.89% | |||||||||||||||
Senior Unsecured Notes 7.875% [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument Maturity | 1-Oct-39 | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 7.88% | ||||||||||||||||
Redemption of senior unsecured notes | 445,000,000 | ||||||||||||||||
Redemption Price, Percentage of Principal Amount Redeemed | 100.00% | ||||||||||||||||
Unamortized deferred financing costs, write off | 12,532,000 | ||||||||||||||||
Senior Unsecured Notes 4.25% [Member] | Subsequent Event [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument Maturity | 1-Apr-15 | ||||||||||||||||
Interest Rate, End of Period (in percentage) | 4.25% | ||||||||||||||||
Redemption of senior unsecured notes | 500,000,000 | ||||||||||||||||
Redemption Price, Percentage of Principal Amount Redeemed | 100.00% | ||||||||||||||||
Unsecured Revolving Credit Facilities [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | ||||||||||||||||
Spread Over LIBOR (in percentage) | 1.05% | 1.25% | |||||||||||||||
Number Of Extensions Available | 2 | ||||||||||||||||
Length Of Extension Available | 6 months | ||||||||||||||||
Interest Rate, End of Period (in percentage) | |||||||||||||||||
Number Of Revolving Credit Facilities | 2 | ||||||||||||||||
Extension Executed On Number Of Revolving Credit Facility | 1 | ||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $1,250,000,000 | ||||||||||||||||
Debt Instrument Maturity Date Original | Nov-15 | ||||||||||||||||
Debt Instrument Maturity Date New | Nov-18 | ||||||||||||||||
Facility Fee (in percentage) | 0.20% | 0.25% |
Debt_Summary_of_Debt_Details
Debt (Summary of Debt) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Debt Instrument [Line Items] | ||
Mortgages payable (in US Dollars) | $9,551,700,000 | $8,331,993,000 |
Senior unsecured notes | 1,347,159,000 | 1,350,855,000 |
Revolving credit facility debt | 0 | 295,870,000 |
Debt Fiscal Year Maturity [Abstract] | ||
Collateral Property Net Carrying Value | 10,400,000,000 | |
Unsecured Debt [Member] | ||
Debt Fiscal Year Maturity [Abstract] | ||
2015 | 500,000,000 | |
2016 | 0 | |
2017 | 0 | |
2018 | 0 | |
2019 | 450,000,000 | |
Thereafter | 400,000,000 | |
Notes And Mortgages Payable Fixed Rate [Member] | ||
Debt Instrument [Line Items] | ||
Mortgages payable (in US Dollars) | 7,710,931,000 | 7,563,133,000 |
Interest Rate, End of Period (in percentage) | 4.45% | |
Notes And Mortgages Payable Variable Rate [Member] | ||
Debt Instrument [Line Items] | ||
Mortgages payable (in US Dollars) | 1,840,769,000 | 768,860,000 |
Interest Rate, End of Period (in percentage) | 2.20% | |
Total Notes And Mortgages Payable [Member] | ||
Debt Instrument [Line Items] | ||
Mortgages payable (in US Dollars) | 9,551,700,000 | 8,331,993,000 |
Interest Rate, End of Period (in percentage) | 4.02% | |
Debt Fiscal Year Maturity [Abstract] | ||
2015 | 433,699,000 | |
2016 | 1,552,419,000 | |
2017 | 626,525,000 | |
2018 | 340,442,000 | |
2019 | 996,579,000 | |
Thereafter | 5,601,148,000 | |
Senior Unsecured Notes [Member] | ||
Debt Instrument [Line Items] | ||
Senior unsecured notes | 1,347,159,000 | 1,350,855,000 |
Interest Rate, End of Period (in percentage) | 3.89% | |
Unsecured Revolving Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Revolving credit facility debt | 0 | 295,870,000 |
Interest Rate, End of Period (in percentage) | ||
Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured Debt And Revolving Credit Facility | $1,347,159,000 | $1,646,725,000 |
Interest Rate, End of Period (in percentage) | 3.89% |
Redeemable_Noncontrolling_Inte2
Redeemable Noncontrolling Interests (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Redeemable Noncontrolling Interest Units Table [Abstract] | |||
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount | $1,336,780 | $1,002,620 | |
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount | 1,000 | 1,000 | |
Redeemable Noncontrolling Interests Rollforward [Abstract] | |||
Reedemable Noncontrolling Interest, Beginning Balance | 1,003,620 | 944,152 | |
Net Income | 47,613 | 24,817 | |
Other comprehensive income (loss) | 1,323 | 5,296 | -6,707 |
Distributions | -33,469 | -34,053 | |
Cumulative Redeemable Preferred Units Redemption Amount | -36,900 | ||
Other, net | 30,690 | 17,373 | |
Reedemable Noncontrolling Interest, Ending Balance | 1,337,780 | 1,003,620 | 944,152 |
Common Class A [Member] | |||
Redeemable Noncontrolling Interest Units Table [Abstract] | |||
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount | 1,336,780 | 1,002,620 | |
Outstanding Partnership Units held by Third Parties | 11,356,550 | 11,292,038 | |
Preferred Or Annual Distribution Rate (in dollars per share) | $2.92 | ||
Redeemable Noncontrolling Interests Rollforward [Abstract] | |||
Redemption of Class A units for common shares, at redemption value | -27,273 | -25,317 | |
Adjustment to carry Class A redeemable units at redemption value | 315,276 | 108,252 | |
Series D16 Cumulative Redeemable Preferred Unit [Member] | |||
Redeemable Noncontrolling Interest Units Table [Abstract] | |||
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount | 1,000 | 1,000 | |
Outstanding Partnership Units held by Third Parties | 1 | 1 | |
Par or Stated Value Per Share | $1,000,000 | ||
Preferred Or Annual Distribution Rate (in dollars per share) | $50,000 | ||
Dividend Percentage | 5.00% | ||
Cumulative Redeemable Preferred Unit [Member] | |||
Redeemable Noncontrolling Interest Units Table [Abstract] | |||
Outstanding Partnership Units held by Third Parties | 1 | 1 | |
Redeemable Noncontrolling Interests Additional Disclosure [Abstract] | |||
Fair value of Series G convertible preferred units and Series D-13 cumulative redeemable preferred units | $55,097 | $55,097 |
Shareholders_Equity_Details
Shareholders Equity (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Common Stock Number Of Shares Par Value And Other Disclosures Abstract | |||||||
Common shares of beneficial interest: outstanding shares | 187,887,498 | 187,887,498 | 187,284,688 | ||||
Dividends paid on common shares | $547,831 | $545,913 | $699,318 | ||||
Dividends per common share | $0.73 | $0.73 | $0.73 | $0.73 | |||
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |||||||
Preferred shares of beneficial interest: issued shares | 52,678,939 | 52,678,939 | 52,682,807 | ||||
Details Of Preferred Shares Of Beneficial Interest [Abstract] | |||||||
Preferred Stock, Value | 1,277,026 | 1,277,026 | 1,277,225 | ||||
Preferred shares of beneficial interest: outstanding shares | 52,678,939 | 52,678,939 | 52,682,807 | ||||
Preferred shares of beneficial interest: authorized shares | 110,000,000 | 110,000,000 | 110,000,000 | ||||
Accumulated Other Comprehensive Income Loss Net Of Tax | 93,267 | 93,267 | 71,537 | ||||
Series A Preferred Stock [Member] | Convertible Preferred Stock [Member] | |||||||
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |||||||
Preferred Stock Dividend Rate Percentage | 6.50% | ||||||
Details Of Preferred Shares Of Beneficial Interest [Abstract] | |||||||
Preferred Stock, Value | 1,393 | 1,393 | 1,592 | ||||
Preferred shares of beneficial interest: outstanding shares | 28,939 | 28,939 | 32,807 | ||||
Preferred Stock Liquidation Preference (in dollars per share) | $50 | $50 | |||||
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $3.25 | ||||||
Preferred shares of beneficial interest: authorized shares | 83,977 | 83,977 | 83,977 | ||||
Conversion Rate of Preferred Stock to Common Stock, Shares | 1.4334 | 1.4334 | |||||
Series G Preferred Stock [Member] | Redeemable Preferred Stock [Member] | |||||||
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |||||||
Preferred Stock Dividend Rate Percentage | 6.63% | ||||||
Preferred Stock Redemption Price Per Share | $25 | $25 | |||||
Details Of Preferred Shares Of Beneficial Interest [Abstract] | |||||||
Preferred Stock, Value | 193,135 | 193,135 | 193,135 | ||||
Preferred shares of beneficial interest: outstanding shares | 8,000,000 | 8,000,000 | 8,000,000 | ||||
Preferred Stock Liquidation Preference (in dollars per share) | $25 | $25 | |||||
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $1.66 | ||||||
Preferred shares of beneficial interest: authorized shares | 8,000,000 | 8,000,000 | 8,000,000 | ||||
Series I Preferred Stock [Member] | Redeemable Preferred Stock [Member] | |||||||
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |||||||
Preferred Stock Dividend Rate Percentage | 6.63% | ||||||
Preferred Stock Redemption Price Per Share | $25 | $25 | |||||
Details Of Preferred Shares Of Beneficial Interest [Abstract] | |||||||
Preferred Stock, Value | 262,379 | 262,379 | 262,379 | ||||
Preferred shares of beneficial interest: outstanding shares | 10,800,000 | 10,800,000 | 10,800,000 | ||||
Preferred Stock Liquidation Preference (in dollars per share) | $25 | $25 | |||||
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $1.66 | ||||||
Preferred shares of beneficial interest: authorized shares | 10,800,000 | 10,800,000 | 10,800,000 | ||||
Series J Preferred Stock [Member] | Redeemable Preferred Stock [Member] | |||||||
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |||||||
Preferred Stock Dividend Rate Percentage | 6.88% | ||||||
Preferred Stock Redemption Price Per Share | $25 | $25 | |||||
Details Of Preferred Shares Of Beneficial Interest [Abstract] | |||||||
Preferred Stock, Value | 238,842 | 238,842 | 238,842 | ||||
Preferred shares of beneficial interest: outstanding shares | 9,850,000 | 9,850,000 | 9,850,000 | ||||
Preferred Stock Liquidation Preference (in dollars per share) | $25 | $25 | |||||
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $1.72 | ||||||
Preferred shares of beneficial interest: authorized shares | 9,850,000 | 9,850,000 | 9,850,000 | ||||
Series K Preferred Stock [Member] | Redeemable Preferred Stock [Member] | |||||||
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |||||||
Preferred Stock Dividend Rate Percentage | 5.70% | ||||||
Preferred Stock Redemption Price Per Share | $25 | $25 | |||||
Details Of Preferred Shares Of Beneficial Interest [Abstract] | |||||||
Preferred Stock, Value | 290,971 | 290,971 | 290,971 | ||||
Preferred shares of beneficial interest: outstanding shares | 12,000,000 | 12,000,000 | 12,000,000 | ||||
Preferred Stock Liquidation Preference (in dollars per share) | $25 | $25 | |||||
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $1.43 | ||||||
Preferred shares of beneficial interest: authorized shares | 12,000,000 | 12,000,000 | 12,000,000 | ||||
Series L Preferred Stock [Member] | Redeemable Preferred Stock [Member] | |||||||
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | |||||||
Preferred Stock Dividend Rate Percentage | 5.40% | ||||||
Preferred Stock Redemption Price Per Share | $25 | $25 | |||||
Details Of Preferred Shares Of Beneficial Interest [Abstract] | |||||||
Preferred Stock, Value | $290,306 | $290,306 | $290,306 | ||||
Preferred shares of beneficial interest: outstanding shares | 12,000,000 | 12,000,000 | 12,000,000 | ||||
Preferred Stock Liquidation Preference (in dollars per share) | $25 | $25 | |||||
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $1.35 | ||||||
Preferred shares of beneficial interest: authorized shares | 12,000,000 | 12,000,000 | 12,000,000 |
Shareholders_Equity_Details_1
Shareholders Equity (Details 1) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
Accumulated other comprehensive (loss) income, Beginning Balance | $71,537 |
Net current period OCI | 21,730 |
Accumulated other comprehensive (loss) income, Ending Balance | 93,267 |
Interest rate Swap [Member] | |
Accumulated other comprehensive (loss) income, Beginning Balance | -31,882 |
Net current period OCI | 6,079 |
Accumulated other comprehensive (loss) income, Ending Balance | -25,803 |
Securities available for sale [Member] | |
Accumulated other comprehensive (loss) income, Beginning Balance | 119,309 |
Net current period OCI | 14,465 |
Accumulated other comprehensive (loss) income, Ending Balance | 133,774 |
Pro Rata Share Of Non Consolidated Subsidiaries Oci [Member] | |
Accumulated other comprehensive (loss) income, Beginning Balance | -11,501 |
Net current period OCI | 2,509 |
Accumulated other comprehensive (loss) income, Ending Balance | -8,992 |
Other [Member] | |
Accumulated other comprehensive (loss) income, Beginning Balance | -4,389 |
Net current period OCI | -1,323 |
Accumulated other comprehensive (loss) income, Ending Balance | ($5,712) |
Variable_Interest_Entities_Det
Variable Interest Entities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Consolidated Variable Interest Entities [Member] | Independence Plaza And Warner Building [Member] | ||
Variable Interest Entity [Line Items] | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | $0 | |
Consolidated Variable Interest Entities [Member] | One Park Avenue, Independence Plaza, And Warner Building [Member] | ||
Variable Interest Entity [Line Items] | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 0 | |
Non Consolidated Variable Interest Entities [Member] | Independence Plaza And Warner Building [Member] | ||
Variable Interest Entity [Line Items] | ||
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets | 152,929 | |
Non Consolidated Variable Interest Entities [Member] | One Park Avenue, Independence Plaza, And Warner Building [Member] | ||
Variable Interest Entity [Line Items] | ||
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets | $286,783 |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narratives) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Investments | Investments | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Real Estate Fund investments (in US Dollars) | $513,973,000 | $667,710,000 |
Toys R Us [Member] | Discounted Cash Flow Methodology [Member] | ||
Fair Value Inputs [Abstract] | ||
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple | 5.75 | |
Financial Projections Period | 5 years | |
Discount rates | 10.00% | |
Fair Value Inputs Tax Rate | 38.00% | |
Minimum [Member] | Toys R Us [Member] | Market Multiple Methodology [Member] | ||
Fair Value Inputs [Abstract] | ||
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple | 5.75 | |
Minimum [Member] | Toys R Us [Member] | Comparable Sales Methodology [Member] | ||
Fair Value Inputs [Abstract] | ||
Fair Value Assumptions, Sales Of Comparable Companies (in US Dollars) | 150,000,000 | |
Minimum [Member] | Toys R Us [Member] | Black Scholes Valuation Analysis [Member] | ||
Fair Value Inputs [Abstract] | ||
Fair Value Assumptions Expiration Periods | 1 year | |
Fair Value Assumptions, Expected Volatility Rate | 24.00% | |
Maximum [Member] | Toys R Us [Member] | Market Multiple Methodology [Member] | ||
Fair Value Inputs [Abstract] | ||
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple | 6.5 | |
Maximum [Member] | Toys R Us [Member] | Comparable Sales Methodology [Member] | ||
Fair Value Inputs [Abstract] | ||
Fair Value Assumptions, Sales Of Comparable Companies (in US Dollars) | 3,000,000,000 | |
Maximum [Member] | Toys R Us [Member] | Black Scholes Valuation Analysis [Member] | ||
Fair Value Inputs [Abstract] | ||
Fair Value Assumptions Expiration Periods | 3 years | |
Fair Value Assumptions, Expected Volatility Rate | 29.00% | |
Weighted Average [Member] | Toys R Us [Member] | Black Scholes Valuation Analysis [Member] | ||
Fair Value Inputs [Abstract] | ||
Fair Value Assumptions Expiration Periods | 2 years | |
Real Estate Fund [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Number Of Investments Held By Fund | 7 | 9 |
Real Estate Fund investments (in US Dollars) | 513,973,000 | 667,710,000 |
Excess of fair value over cost | $176,899,000 | |
Real Estate Fund [Member] | Minimum [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurement Anticipated Investment Holding Period | 0 years 9 months 18 days | |
Fair Value Inputs [Abstract] | ||
Discount rates | 12.00% | |
Real Estate Fund [Member] | Maximum [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurement Anticipated Investment Holding Period | 6 years 0 months 0 days | |
Fair Value Inputs [Abstract] | ||
Discount rates | 17.50% | |
Real Estate Fund [Member] | Weighted Average [Member] | ||
Fair Value Inputs [Abstract] | ||
Discount rates | 13.70% |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable Securities | $206,323 | $191,917 |
Real Estate Fund Nondepreciable Real Estate | 513,973 | 667,710 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable Securities | 206,323 | 191,917 |
Real Estate Fund Nondepreciable Real Estate | 513,973 | 667,710 |
Deferred Compensation Plan Assets | 117,284 | 116,515 |
Total assets | 837,580 | 976,142 |
Mandatorily redeemable instruments (included in other liabilities) | 55,097 | 55,097 |
Interest rate swap (included in other liabilities) | 25,797 | 31,882 |
Total liabilities | 80,894 | 86,979 |
Other Partners Ownership Interest In Real Estate Fund (in percentage) | 75.00% | 75.00% |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Real Estate, Net at Fair Value | 4,848 | 354,341 |
Total Assets, Nonrecurring | 437,565 | |
Fair Value, Measurements, Nonrecurring [Member] | Toys R Us [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in Partially Owned Entities at Fair Value | 83,224 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable Securities | 206,323 | 191,917 |
Real Estate Fund Nondepreciable Real Estate | 0 | 0 |
Deferred Compensation Plan Assets | 53,969 | 47,733 |
Total assets | 260,292 | 239,650 |
Mandatorily redeemable instruments (included in other liabilities) | 55,097 | 55,097 |
Interest rate swap (included in other liabilities) | 0 | 0 |
Total liabilities | 55,097 | 55,097 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Real Estate, Net at Fair Value | 0 | 0 |
Total Assets, Nonrecurring | 0 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Toys R Us [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in Partially Owned Entities at Fair Value | 0 | |
Fair Value Inputs Level 2 Member | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable Securities | 0 | 0 |
Real Estate Fund Nondepreciable Real Estate | 0 | 0 |
Deferred Compensation Plan Assets | 0 | 0 |
Total assets | 0 | 0 |
Mandatorily redeemable instruments (included in other liabilities) | 0 | 0 |
Interest rate swap (included in other liabilities) | 25,797 | 31,882 |
Total liabilities | 25,797 | 31,882 |
Fair Value Inputs Level 2 Member | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Real Estate, Net at Fair Value | 0 | 0 |
Total Assets, Nonrecurring | 0 | |
Fair Value Inputs Level 2 Member | Fair Value, Measurements, Nonrecurring [Member] | Toys R Us [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in Partially Owned Entities at Fair Value | 0 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable Securities | 0 | 0 |
Real Estate Fund Nondepreciable Real Estate | 513,973 | 667,710 |
Deferred Compensation Plan Assets | 63,315 | 68,782 |
Total assets | 577,288 | 736,492 |
Mandatorily redeemable instruments (included in other liabilities) | 0 | 0 |
Interest rate swap (included in other liabilities) | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Real Estate, Net at Fair Value | 4,848 | 354,341 |
Total Assets, Nonrecurring | 437,565 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Toys R Us [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in Partially Owned Entities at Fair Value | $83,224 |
Fair_Value_Measurements_Detail1
Fair Value Measurements (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Real Estate Fund [Member] | ||
Unobservable Quantitative Input [Abstract] | ||
Opening Balance - changes in Level 3 " deferred compensation plan assets" | $667,710 | $600,786 |
Purchases | 3,392 | 43,816 |
Sales/Dispositions/Distributions | -307,268 | -70,848 |
Net realized gains | 73,802 | 85,771 |
Net unrealized gains | 76,337 | 8,184 |
Other, Net | 0 | 1 |
Closing Balance - changes in Level 3 " deferred compensation plan assets" | 513,973 | 667,710 |
Real Estate Fund [Member] | Minimum [Member] | ||
Unobservable Quantitative Input [Abstract] | ||
Discount rates | 12.00% | |
Terminal capitalization rates | 4.70% | |
Fair Value Measurement Anticipated Investment Holding Period | 0 years 9 months 18 days | |
Real Estate Fund [Member] | Maximum [Member] | ||
Unobservable Quantitative Input [Abstract] | ||
Discount rates | 17.50% | |
Terminal capitalization rates | 6.50% | |
Fair Value Measurement Anticipated Investment Holding Period | 6 years 0 months 0 days | |
Real Estate Fund [Member] | Weighted Average [Member] | ||
Unobservable Quantitative Input [Abstract] | ||
Discount rates | 13.70% | |
Terminal capitalization rates | 5.30% | |
Deferred Compensation Plan Assets [Member] | ||
Unobservable Quantitative Input [Abstract] | ||
Opening Balance - changes in Level 3 " deferred compensation plan assets" | 68,782 | 62,631 |
Purchases | 14,162 | 5,018 |
Sales/Dispositions/Distributions | -24,951 | -7,306 |
Realized and unrealized gains | 3,415 | 7,189 |
Other, Net | 1,907 | 1,250 |
Closing Balance - changes in Level 3 " deferred compensation plan assets" | $63,315 | $68,782 |
Fair_Value_Measurements_Detail2
Fair Value Measurements (Details 2) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Senior unsecured notes | $1,347,159 | $1,350,855 |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash equivalents | 749,418 | 295,000 |
Mortgage and mezzanine loans receivable | 16,748 | 170,972 |
Total assets | 766,166 | 465,972 |
Mortgages payable | 9,551,700 | 8,331,993 |
Senior unsecured notes | 1,347,159 | 1,350,855 |
Revolving credit facility debt | 0 | 295,870 |
Total debt | 10,898,859 | 9,978,718 |
Estimate of Fair Value, Fair Value Disclosure [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash equivalents | 749,000 | 295,000 |
Mortgage and mezzanine loans receivable | 17,000 | 171,000 |
Total assets | 766,000 | 466,000 |
Mortgages payable | 9,551,000 | 8,104,000 |
Senior unsecured notes | 1,385,000 | 1,402,000 |
Revolving credit facility debt | 0 | 296,000 |
Total debt | $10,936,000 | $9,802,000 |
Stockbased_Compensation_Narrat
Stock-based Compensation (Narratives) (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share Based Compensation Expense | $36,641 | $34,914 | $30,588 |
Full Value Awards [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized (in Shares) | 6,000,000 | ||
Share Based Compensation Shares Available For Grant (in Shares) | 4,004,000 | ||
Not Full Value Awards [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized (in Shares) | 12,000,000 | ||
Out Performance Plan [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share Based Compensation Expense | 6,185 | 3,226 | 2,826 |
Out Performance Plan [Abstract] | |||
Award vesting in three years | 33.00% | ||
Award versting in four years | 33.00% | ||
Award vesting in five years | 34.00% | ||
Compensation Cost Not Yet Recognized | 11,937 | ||
Compensation Cost Recognition Period | 1 year 4 months 24 days | ||
Out Performance Plan 2015 [Member] | |||
Out Performance Plan [Abstract] | |||
Out of performance plan notional amount | 40,000 | ||
Required award holding period after versing | 1 year | ||
Fair Value Of Awards Granted | 9,120 | ||
Award Amortization Period | 5 years | ||
Out Performance Plan 2015 [Member] | Absolute [Member] | |||
Out Performance Plan [Abstract] | |||
Duration Of Performance Measurement Period | 3 years | ||
Required Shareholder Return Per Year | 7.00% | ||
Required Shareholder Return Three Year | 21.00% | ||
Out Performance Plan 2015 [Member] | Relative [Member] | |||
Out Performance Plan [Abstract] | |||
Duration Of Performance Measurement Period | 3 years | ||
Required Shareholder Return Under Relative Component | 6.00% | ||
Percentage Of Shareholder Return Under Which No Awards Will Be Earned | 0.00% | ||
Out Performance Plan 2014 [Member] | |||
Out Performance Plan [Abstract] | |||
Out of performance plan notional amount | 50,000 | ||
Required award holding period after versing | 1 year | ||
Fair Value Of Awards Granted | 8,202 | ||
Award Amortization Period | 5 years | ||
Out Performance Plan 2014 [Member] | Absolute [Member] | |||
Out Performance Plan [Abstract] | |||
Duration Of Performance Measurement Period | 3 years | ||
Required Shareholder Return Per Year | 7.00% | ||
Required Shareholder Return Three Year | 21.00% | ||
Out Performance Plan 2014 [Member] | Relative [Member] | |||
Out Performance Plan [Abstract] | |||
Duration Of Performance Measurement Period | 3 years | ||
Required Shareholder Return Under Relative Component | 6.00% | ||
Percentage Of Shareholder Return Under Which No Awards Will Be Earned | 0.00% | ||
Out Performance Plan 2013 [Member] | |||
Out Performance Plan [Abstract] | |||
Out of performance plan notional amount | 40,000 | ||
Required award holding period after versing | 1 year | ||
Fair Value Of Awards Granted | 6,814 | ||
Award Amortization Period | 5 years | ||
Out Performance Plan 2013 [Member] | Absolute [Member] | |||
Out Performance Plan [Abstract] | |||
Duration Of First Performance Measurement Period | 2 years | ||
Duration Of Second Performance Measurement Period | 3 years | ||
Required Shareholder Return Per Two Year | 14.00% | ||
Required Shareholder Return Three Year | 21.00% | ||
Out Performance Plan 2013 [Member] | Relative [Member] | |||
Out Performance Plan [Abstract] | |||
Duration Of First Performance Measurement Period | 2 years | ||
Duration Of Second Performance Measurement Period | 3 years | ||
Required Shareholder Return Under Relative Component | 6.00% | ||
Percentage Of Shareholder Return Under Which No Awards Will Be Earned | 0.00% | ||
Out Performance Plan 2012 [Member] | |||
Out Performance Plan [Abstract] | |||
Out of performance plan notional amount | 40,000 | ||
Fair Value Of Awards Granted | 12,250 | ||
Award Amortization Period | 5 years | ||
Employee Stock Option [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share Based Compensation Expense | 4,550 | 8,234 | 8,638 |
Out Performance Plan [Abstract] | |||
Compensation Cost Not Yet Recognized | 1,855 | ||
Compensation Cost Recognition Period | 1 year 6 months 0 days | ||
Stock options expiration term | 10 years | ||
Award Vesting Period | 4 years | ||
Share Based Compensation Employee Stock Purchase Plan Activity [Abstract] | |||
Grant Date Fair Value Of Options (in dollars per shares) | $20.31 | $17.18 | $17.50 |
Cash Received From Exercise Of Stock Options | 17,441 | 5,915 | 9,546 |
Total Intrinsic Value Of Options Excercised | 18,223 | 3,386 | 40,887 |
Restricted Stock Units RSU [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share Based Compensation Expense | 1,303 | 1,344 | 1,604 |
Out Performance Plan [Abstract] | |||
Compensation Cost Not Yet Recognized | 1,468 | ||
Compensation Cost Recognition Period | 1 year 8 months 12 days | ||
Dividends Paid On Nonvested Units | 88 | 110 | 200 |
Fair Value Of Awards Granted | 1,048 | 857 | 929 |
Award Vesting Period | 4 years | ||
Fair Value Of Awards Vested | 1,174 | 1,194 | 1,864 |
Restricted Operating Partnership Units Plan [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share Based Compensation Expense | 24,603 | 22,110 | 17,520 |
Out Performance Plan [Abstract] | |||
Compensation Cost Not Yet Recognized | 20,798 | ||
Compensation Cost Recognition Period | 1 year 8 months 12 days | ||
Dividends Paid On Nonvested Units | 2,866 | 2,598 | 3,203 |
Fair Value Of Awards Granted | 19,669 | 31,947 | 16,464 |
Award Vesting Period | 4 years | ||
Fair Value Of Awards Vested | $22,758 | $16,404 | $15,014 |
Stockbased_Compensation_Detail
Stock-based Compensation (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Restricted Stock Units RSU [Member] | |||
Share Based Compensation Equity Instruments Other Than Options Plan Activity [Abstract] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning of Period | $79.24 | ||
Units Granted Weighted Average Grant Date Fair Value | $91.31 | ||
Awards Vested Weighted Average Grant Date Fair Value | $74.61 | ||
Units Cancelled Weighted Average Grant Date Fair Value | $87.42 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, End of Period | $87.58 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance | 29,664 | ||
Restricted Stock Granted Shares | 11,475 | ||
Units Vested | -15,733 | ||
Forfeited Units | -2,957 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 22,449 | ||
Restricted Operating Partnership Units Plan [Member] | |||
Share Based Compensation Equity Instruments Other Than Options Plan Activity [Abstract] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning of Period | $76.27 | ||
Units Granted Weighted Average Grant Date Fair Value | $86.79 | ||
Awards Vested Weighted Average Grant Date Fair Value | $69.48 | ||
Units Cancelled Weighted Average Grant Date Fair Value | $83.16 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, End of Period | $83.20 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance | 765,971 | ||
Restricted Stock Granted Shares | 226,638 | ||
Units Vested | -327,555 | ||
Forfeited Units | -6,575 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 658,479 | ||
Employee Stock Option [Member] | |||
Share Based Compensation Employee Stock Purchase Plan Activity [Abstract] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning of Period | $67.51 | ||
Stock Options Granted Weighted Average Exercise Price | $91.32 | ||
Stock Options Exercised Weighted Average Exercise Price | $67.27 | ||
Stock Options Cancelled Weighted Average Exercise Price | $104.74 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, End of Period | $67.38 | $67.51 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance | 3,248,699 | ||
Stock Options Granted Shares | 49,088 | ||
Stock Options Exercised Shares | -434,204 | ||
Stock Options Cancelled Shares | -43,468 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 2,820,115 | 3,248,699 | |
Options Vested And Expected To Vest Shares | 2,818,587 | ||
Options Vested And Expected To Vest Weighted Average Exercise Price | $67.37 | ||
Options Excercisable Shares | 2,606,260 | ||
Options Excercisable Weighted Average Exercise Price | $65.62 | ||
Options Exercisable Weighted Average Remaining Contractual Term | 4 years 4 months 24 days | ||
Options Outstanding Weighted Average Remaining Contractual Term | 4 years 7 months 6 days | ||
Options Vested And Expected To Vest Weighted Average Remaining Contractual Term | 4 years 7 months 6 days | ||
Options Outstanding Aggregate Intrinsic Value (in US dollars) | $145,317 | ||
Options Vested And Expected To Vest Aggregate Intrinsic Value (in US dollars) | 145,271 | ||
Options Excercisable Aggregate Intrinsic Value (in US dollars) | $138,912 | ||
Fair Value Assumptions Expected Volatility Rate | 36.00% | 36.00% | 36.00% |
Fair Value Assumptions Expected Life | 5 years | 5 years | 5 years |
Fair Value Assumptions Risk Free Interest Rate | 1.81% | 0.91% | 1.05% |
Fair Value Assumptions Risk Expected Dividend Yield (in percentage) | 4.10% | 4.30% | 4.30% |
Fee_and_Other_Income_Details
Fee and Other Income (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Fee And Other Income [Line Items] | |||
BMS cleaning fees | $85,658 | $66,505 | $67,584 |
Signage Revenue | 37,929 | 32,866 | 20,892 |
Management and leasing fees | 21,382 | 24,637 | 21,849 |
Lease termination fees | 17,042 | 92,497 | 2,361 |
Other income | 33,734 | 34,113 | 31,438 |
Fee and other income | 195,745 | 250,618 | 144,124 |
Stop & Shop [Member] | |||
Loss Contingencies [Line Items] | |||
Complaint Regarding Rent Allocation | 6,000 | ||
Gain related to litigation settlement | 59,599 | ||
New York 1290 Avenue Of Americas [Member] | |||
Fee And Other Income [Line Items] | |||
Lease termination fees | 19,500 | ||
Write Off Of Straight Lining Of Rent | 1,529 | ||
Equity method ownership percentage | 70.00% | ||
Cuyahoga County [Member] | |||
Fee And Other Income [Line Items] | |||
Lease termination fees | 3,000 | ||
Vornado Realty Trust [Member] | New York 1290 Avenue Of Americas [Member] | |||
Fee And Other Income [Line Items] | |||
Lease termination fees | $12,121 |
Interest_and_Other_Investment_2
Interest and Other Investment Income (Loss), Net (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Investment Income, Reported Amounts, by Category [Line Items] | |||
Dividends and interest on marketable securities | $12,707 | $11,446 | $11,979 |
Mark-to-market of investments in our deferred compensation plan | 11,557 | 10,636 | 6,809 |
Interest on mezzanine loans receivable | 3,920 | 19,495 | 13,861 |
Losses from the disposition of investment in J.C. Penney | 0 | -72,974 | -300,752 |
Other, net | 10,603 | 6,521 | 6,924 |
Interest and other investment (loss) income, net | $38,787 | ($24,876) | ($261,179) |
Interest_and_Debt_Expense_Deta
Interest and Debt Expense (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Interest Expense Debt [Abstract] | |||
Interest expense | $483,578 | $498,050 | $478,688 |
Amortization of deferred financing costs | 46,923 | 25,557 | 22,907 |
Capitalized interest and debt expenses | -62,786 | -42,303 | -16,801 |
Interest and Debt Expense, Total | $467,715 | $481,304 | $484,794 |
Income_Per_Share_Details
Income Per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Per Share [Abstract] | |||||||||||
Income from continuing operations, net of income attributable to noncontrolling interests | $379,333 | $57,727 | $408,439 | ||||||||
Income from discontinued operations, net of income attributable to noncontrolling interests | 485,519 | 418,244 | 208,821 | ||||||||
Net income attributable to Vornado | 864,852 | 475,971 | 617,260 | ||||||||
Preferred share dividends | -81,464 | -82,807 | -76,937 | ||||||||
Preferred unit and share redemptions | 0 | -1,130 | 8,948 | ||||||||
Net income Attributable to Common Shareholders | 513,238 | 131,159 | 76,642 | 62,349 | -68,887 | 83,005 | 145,926 | 231,990 | 783,388 | 392,034 | 549,271 |
Earnings allocated to unvested participating securities | -125 | -110 | -202 | ||||||||
Numerator for basic income per share | 783,263 | 391,924 | 549,069 | ||||||||
Convertible preferred share dividends | 97 | 0 | 113 | ||||||||
Numerator for diluted income per share | $783,360 | $391,924 | $549,182 | ||||||||
Denominator for basic income per share - weighted average shares | 187,572 | 186,941 | 185,810 | ||||||||
Employee stock options and restricted share awards (in shares) | 1,075 | 768 | 670 | ||||||||
Convertible preferred shares | 43 | 0 | 50 | ||||||||
Denominator for diluted income per share - weighted average shares and assumed conversions (in shares) | 188,690 | 187,709 | 186,530 | ||||||||
INCOME PER COMMON SHARE - BASIC: | |||||||||||
Income (loss) from continuing operations, net (in dollars per share) | $1.59 | ($0.14) | $1.83 | ||||||||
Income from discontinued operations, net (in dollars per share) | $2.59 | $2.24 | $1.12 | ||||||||
Net income per common share (in dollars per share) | $2.73 | $0.70 | $0.41 | $0.33 | ($0.37) | $0.44 | $0.78 | $1.24 | $4.18 | $2.10 | $2.95 |
INCOME PER COMMON SHARE - DILUTED: | |||||||||||
Iincome (loss) from continuing operations, net (in dollars per share) | $1.58 | ($0.14) | $1.82 | ||||||||
Income from discontinued operations, net (in dollars per share) | $2.57 | $2.23 | $1.12 | ||||||||
Net income per common share (in dollars per share) | $2.72 | $0.69 | $0.41 | $0.33 | ($0.37) | $0.44 | $0.78 | $1.24 | $4.15 | $2.09 | $2.94 |
Income_Per_Share_Parenthetical
Income Per Share (Parentheticals) (Details) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Per Share [Abstract] | |||
Weighted average common share equivalents of excluded dilutive securities due to anti-dilutive effect | 11,238 | 11,752 | 14,400 |
Leases_Details
Leases (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Tenants | Tenants | Tenants | |
Concentration Risk [Line Items] | |||
Number Of Tenants Contributing Ten Percent Or More Of Total Revenues | 0 | 0 | 0 |
Operating Leases Future Minimum Payments Receivable [Abstract] | |||
2015 | $1,783,293 | ||
2016 | 1,717,984 | ||
2017 | 1,671,172 | ||
2018 | 1,578,671 | ||
2019 | 1,399,001 | ||
Thereafter | 8,055,804 | ||
Percentage Rent | 7,963 | 8,578 | 8,090 |
Operating Leases Future Minimum Payments Due [Abstract] | |||
2015 | 39,925 | ||
2016 | 39,833 | ||
2017 | 41,003 | ||
2018 | 38,920 | ||
2019 | 38,992 | ||
Thereafter | 1,252,109 | ||
Lessee Leasing Arrangements Operating Leases Term Of Contract | 30 years | ||
Rent Expense | 50,556 | 49,968 | 41,778 |
Capital Leases Future Minimum Payments Due [Abstract] | |||
2015 | 12,500 | ||
2016 | 12,500 | ||
2017 | 12,500 | ||
2018 | 12,500 | ||
2019 | 12,500 | ||
Thereafter | 334,792 | ||
Total Minimum Obligations | 397,292 | ||
Interest Portion | -157,292 | ||
Present Value Of Net Minimum Payments | 240,000 | ||
Property Leased Under Capital Leases Cost | $249,253 | ||
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | |||
Concentration Risk [Line Items] | |||
Percentage Of Minimum Revenue Threshold Contributed By One Tenant | 10.00% | 10.00% | 10.00% |
Multiemployer_Plans_Details
Multiemployer Plans (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Multiemployer Plans, Pension [Member] | |||
Multiemployer Plans [Line Items] | |||
Multiemployer Plan, Period Contributions | $11,431 | $10,223 | $10,683 |
Multiemployer Plans, Period Contributions, Significance of Contributions | FALSE | ||
Multiemployer Plans, Healthcare Benefit [Member] | |||
Multiemployer Plans [Line Items] | |||
Multiemployer Plan, Period Contributions | $29,073 | $26,262 | $26,759 |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Jan. 01, 2016 | |
Loss Contingencies [Line Items] | ||
Guarantees and master leases | $359,000,000 | |
Outstanding letters of credit | 39,552,000 | |
Commitment to fund additional capital to partially owned entities | 104,000,000 | |
NBCR Losses [Member] | ||
Loss Contingencies [Line Items] | ||
Insurance limit per occurrence | 2,000,000,000 | |
Federal government deductible, percentage of balance of a covered loss | 85.00% | |
NBCR Losses [Member] | Subsequent Event [Member] | ||
Loss Contingencies [Line Items] | ||
Federal government deductible, percentage of balance of a covered loss | 84.00% | |
Earthquake California Properties [Member] | ||
Loss Contingencies [Line Items] | ||
Insurance limit per occurrence | 180,000,000 | |
Vornado deductible, percentage of property value | 5.00% | |
Vornado deductible, annual aggregate | 180,000,000 | |
All Risk And Rental Value [Member] | ||
Loss Contingencies [Line Items] | ||
Insurance limit per occurrence | 2,000,000,000 | |
General Liability [Member] | ||
Loss Contingencies [Line Items] | ||
Insurance limit per occurrence | 300,000,000 | |
Terrorism Acts [Member] | ||
Loss Contingencies [Line Items] | ||
Insurance limit per occurrence | 4,000,000,000 | |
PPIC [Member] | NBCR Losses [Member] | ||
Loss Contingencies [Line Items] | ||
Insurance deductible | $3,200,000 | |
Insurance Deductible Percentage Of Balance Of Covered Loss | 15.00% | |
PPIC [Member] | NBCR Losses [Member] | Subsequent Event [Member] | ||
Loss Contingencies [Line Items] | ||
Insurance Deductible Percentage Of Balance Of Covered Loss | 16.00% |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 15, 2015 | |
Urban Edge Properties [Member] | Subsequent Event [Member] | ||||
Related Party Transaction [Line Items] | ||||
Cash Considerations Transferred During Spin Off | $225,000,000 | |||
Equity method ownership percentage | 5.40% | |||
Retail Segment Strip Shopping Centers [Member] | ||||
Related Party Transaction [Line Items] | ||||
Number Of Real Estate Properties | 22 | |||
Retail Segment Strip Shopping Centers [Member] | Urban Edge Properties [Member] | Subsequent Event [Member] | ||||
Related Party Transaction [Line Items] | ||||
Number Of Real Estate Properties | 79 | |||
Retail Segment Regional Malls [Member] | Urban Edge Properties [Member] | Subsequent Event [Member] | ||||
Related Party Transaction [Line Items] | ||||
Number Of Real Estate Properties | 3 | |||
Warehouse [Member] | Urban Edge Properties [Member] | Subsequent Event [Member] | ||||
Related Party Transaction [Line Items] | ||||
Number Of Real Estate Properties | 1 | |||
Alexanders Inc [Member] | ||||
Related Party Transaction [Line Items] | ||||
Percentage of Affiliated Entity Owned By Company | 32.40% | |||
Percentage Of Affiliated Entity Owned By Related Parties | 26.30% | |||
Interstate Properties [Member] | ||||
Related Party Transaction [Line Items] | ||||
Percentage of Company Owned by Related Party | 6.60% | |||
Related Party Transaction Annual Fee Percentage | 4.00% | |||
Fee And Other Income From Related Parties (in US dollars) | 535,000 | $606,000 | $794,000 | |
Term Of Management Agreement | 1 year | |||
Period Allowed For Termination Of Automatic Renewal Of Management Agreement | 60 days | |||
Related Party Transaction Description Of Transaction | We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4% of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are fair to us. |
Summary_of_Quarterly_Results_D
Summary of Quarterly Results (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Revenues | $679,101 | $657,209 | $652,972 | $646,658 | $649,403 | $655,883 | $658,550 | $705,433 | $2,635,940 | $2,669,269 | $2,649,217 |
Net income (loss) attributable to common shareholders | $513,238 | $131,159 | $76,642 | $62,349 | ($68,887) | $83,005 | $145,926 | $231,990 | $783,388 | $392,034 | $549,271 |
Net income (loss) per common share - Basic | $2.73 | $0.70 | $0.41 | $0.33 | ($0.37) | $0.44 | $0.78 | $1.24 | $4.18 | $2.10 | $2.95 |
Net income (loss) per common share - Diluted | $2.72 | $0.69 | $0.41 | $0.33 | ($0.37) | $0.44 | $0.78 | $1.24 | $4.15 | $2.09 | $2.94 |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ||||||||||||
Total Revenues | $679,101 | $657,209 | $652,972 | $646,658 | $649,403 | $655,883 | $658,550 | $705,433 | $2,635,940 | $2,669,269 | $2,649,217 | |
Total expenses | 1,820,298 | 1,819,009 | 1,921,425 | |||||||||
Operating income (loss) | 815,642 | 850,260 | 727,792 | |||||||||
(Loss) income from partially owned entities, including Toys | -58,131 | -338,785 | 423,126 | |||||||||
Income from real estate fund | 163,034 | 102,898 | 63,936 | |||||||||
Interest and other investment income (loss), net | 38,787 | -24,876 | -261,179 | |||||||||
Interest and debt expense | -467,715 | -481,304 | -484,794 | |||||||||
Net gain on disposition of wholly owned and partially owned assets | 13,568 | 3,407 | 13,347 | |||||||||
Income (loss) before income taxes | 505,185 | 111,600 | 482,228 | |||||||||
Income tax expense | -11,002 | 6,406 | -8,132 | |||||||||
Income (loss) from continuing operations | 494,183 | 118,006 | 474,096 | |||||||||
Income from discontinued operations | 514,843 | 446,734 | 220,445 | |||||||||
Net income (loss) | 1,009,026 | 564,740 | 694,541 | |||||||||
Less net income attributable to noncontrolling interests | -144,174 | -88,769 | -77,281 | |||||||||
Net income attributable to Vornado | 864,852 | 475,971 | 617,260 | |||||||||
Interest and debt expense (2) | 654,398 | 758,781 | 760,523 | |||||||||
Depreciation and amortization (2) | 685,973 | 732,757 | 735,293 | |||||||||
Income tax (benefit) expense (2) | 24,248 | 26,371 | 7,026 | |||||||||
EBITDA | 2,229,471 | 1,993,880 | 2,120,102 | |||||||||
Real estate at cost | 18,845,392 | 17,418,946 | 18,845,392 | 17,418,946 | 17,365,533 | 15,444,754 | ||||||
Investments in partially owned entities | 1,246,496 | 1,249,667 | 1,246,496 | 1,249,667 | 1,704,297 | |||||||
Total assets | 21,248,320 | 20,097,224 | 21,248,320 | 20,097,224 | 22,065,049 | |||||||
New York Segment [Member] | Operating Segments [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total Revenues | 1,520,845 | 1,470,907 | 1,319,470 | |||||||||
Total expenses | 946,466 | 910,498 | 835,563 | |||||||||
Operating income (loss) | 574,379 | 560,409 | 483,907 | |||||||||
(Loss) income from partially owned entities, including Toys | 20,701 | 15,527 | 207,773 | |||||||||
Income from real estate fund | 0 | 0 | 0 | |||||||||
Interest and other investment income (loss), net | 6,711 | 5,357 | 4,002 | |||||||||
Interest and debt expense | -183,427 | -181,966 | -146,350 | |||||||||
Net gain on disposition of wholly owned and partially owned assets | 0 | 0 | 0 | |||||||||
Income (loss) before income taxes | 418,364 | 399,327 | 549,332 | |||||||||
Income tax expense | -4,305 | -2,794 | -3,491 | |||||||||
Income (loss) from continuing operations | 414,059 | 396,533 | 545,841 | |||||||||
Income from discontinued operations | 463,163 | 160,314 | 30,293 | |||||||||
Net income (loss) | 877,222 | 556,847 | 576,134 | |||||||||
Less net income attributable to noncontrolling interests | -8,626 | -10,786 | -2,138 | |||||||||
Net income attributable to Vornado | 868,596 | 546,061 | 573,996 | |||||||||
Interest and debt expense (2) | 241,959 | 236,645 | 187,855 | |||||||||
Depreciation and amortization (2) | 324,239 | 293,974 | 252,257 | |||||||||
Income tax (benefit) expense (2) | 4,395 | 3,002 | 3,751 | |||||||||
EBITDA | 1,439,189 | 1,079,682 | 1,017,859 | |||||||||
Real estate at cost | 9,732,818 | 8,422,297 | 9,732,818 | 8,422,297 | 8,687,141 | |||||||
Investments in partially owned entities | 1,036,130 | 904,278 | 1,036,130 | 904,278 | 576,336 | |||||||
Total assets | 10,752,763 | 9,255,964 | 10,752,763 | 9,255,964 | 9,215,438 | |||||||
Washington DC Segment [Member] | Operating Segments [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total Revenues | 537,151 | 541,161 | 554,028 | |||||||||
Total expenses | 358,019 | 347,686 | 360,056 | |||||||||
Operating income (loss) | 179,132 | 193,475 | 193,972 | |||||||||
(Loss) income from partially owned entities, including Toys | -3,677 | -6,968 | -5,612 | |||||||||
Income from real estate fund | 0 | 0 | 0 | |||||||||
Interest and other investment income (loss), net | 183 | 129 | 126 | |||||||||
Interest and debt expense | -75,395 | -102,277 | -115,574 | |||||||||
Net gain on disposition of wholly owned and partially owned assets | 0 | 0 | 0 | |||||||||
Income (loss) before income taxes | 100,243 | 84,359 | 72,912 | |||||||||
Income tax expense | -242 | 14,031 | -1,650 | |||||||||
Income (loss) from continuing operations | 100,001 | 98,390 | 71,262 | |||||||||
Income from discontinued operations | 0 | 0 | 167,766 | |||||||||
Net income (loss) | 100,001 | 98,390 | 239,028 | |||||||||
Less net income attributable to noncontrolling interests | 0 | 0 | 0 | |||||||||
Net income attributable to Vornado | 100,001 | 98,390 | 239,028 | |||||||||
Interest and debt expense (2) | 89,448 | 116,131 | 133,625 | |||||||||
Depreciation and amortization (2) | 145,853 | 142,409 | 157,816 | |||||||||
Income tax (benefit) expense (2) | 288 | -15,707 | 1,943 | |||||||||
EBITDA | 335,590 | 341,223 | 532,412 | |||||||||
Real estate at cost | 4,383,418 | 4,243,048 | 4,383,418 | 4,243,048 | 4,171,879 | |||||||
Investments in partially owned entities | 102,635 | 100,543 | 102,635 | 100,543 | 95,670 | |||||||
Total assets | 4,310,974 | 4,107,636 | 4,310,974 | 4,107,636 | 4,196,694 | |||||||
Retail Properties Segment [Member] | Operating Segments [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total Revenues | 326,947 | 372,435 | 318,566 | |||||||||
Total expenses | 197,206 | 199,650 | 189,480 | |||||||||
Operating income (loss) | 129,741 | 172,785 | 129,086 | |||||||||
(Loss) income from partially owned entities, including Toys | 1,730 | 2,097 | 1,458 | |||||||||
Income from real estate fund | 0 | 0 | 0 | |||||||||
Interest and other investment income (loss), net | 35 | 11 | 21 | |||||||||
Interest and debt expense | -54,754 | -55,219 | -53,772 | |||||||||
Net gain on disposition of wholly owned and partially owned assets | 0 | 1,377 | 8,491 | |||||||||
Income (loss) before income taxes | 76,752 | 121,051 | 85,284 | |||||||||
Income tax expense | -1,721 | -2,311 | 0 | |||||||||
Income (loss) from continuing operations | 75,031 | 118,740 | 85,284 | |||||||||
Income from discontinued operations | 50,873 | 287,067 | -52,561 | |||||||||
Net income (loss) | 125,904 | 405,807 | 32,723 | |||||||||
Less net income attributable to noncontrolling interests | -119 | -3,065 | 1,812 | |||||||||
Net income attributable to Vornado | 125,785 | 402,742 | 34,535 | |||||||||
Interest and debt expense (2) | 59,322 | 63,803 | 79,462 | |||||||||
Depreciation and amortization (2) | 73,433 | 72,161 | 86,529 | |||||||||
Income tax (benefit) expense (2) | 1,721 | 2,311 | 0 | |||||||||
EBITDA | 260,261 | 541,017 | 200,526 | |||||||||
Real estate at cost | 2,057,374 | 2,060,093 | 2,057,374 | 2,060,093 | 2,108,328 | |||||||
Investments in partially owned entities | 6,007 | 6,640 | 6,007 | 6,640 | 7,083 | |||||||
Total assets | 3,580,803 | 3,374,896 | 3,580,803 | 3,374,896 | 3,583,999 | |||||||
Toys R Us Segment [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
(Loss) income from partially owned entities, including Toys | -73,556 | -362,377 | 14,859 | |||||||||
Income (loss) before income taxes | -73,556 | -362,377 | 14,859 | |||||||||
Income (loss) from continuing operations | -73,556 | -362,377 | 14,859 | |||||||||
Net income (loss) | -73,556 | -362,377 | 14,859 | |||||||||
Less net income attributable to noncontrolling interests | 0 | 0 | 0 | |||||||||
Net income attributable to Vornado | -73,556 | -362,377 | 14,859 | |||||||||
Interest and debt expense (2) | 100,549 | 181,586 | 147,880 | |||||||||
Depreciation and amortization (2) | 64,533 | 135,178 | 135,179 | |||||||||
Income tax (benefit) expense (2) | 12,106 | 33,532 | -16,629 | |||||||||
EBITDA | 103,632 | -12,081 | 281,289 | |||||||||
Real estate at cost | 0 | 0 | 0 | 0 | 0 | |||||||
Investments in partially owned entities | 0 | 83,224 | 0 | 83,224 | 478,041 | |||||||
Total assets | 0 | 83,224 | 0 | 83,224 | 478,041 | |||||||
Other Segment [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total Revenues | 250,997 | 284,766 | 457,153 | |||||||||
Total expenses | 318,607 | 361,175 | 536,326 | |||||||||
Operating income (loss) | -67,610 | -76,409 | -79,173 | |||||||||
(Loss) income from partially owned entities, including Toys | -3,329 | 12,936 | 204,648 | |||||||||
Income from real estate fund | 163,034 | 102,898 | 63,936 | |||||||||
Interest and other investment income (loss), net | 31,858 | -30,373 | -265,328 | |||||||||
Interest and debt expense | -154,139 | -141,842 | -169,098 | |||||||||
Net gain on disposition of wholly owned and partially owned assets | 13,568 | 2,030 | 4,856 | |||||||||
Income (loss) before income taxes | -16,618 | -130,760 | -240,159 | |||||||||
Income tax expense | -4,734 | -2,520 | -2,991 | |||||||||
Income (loss) from continuing operations | -21,352 | -133,280 | -243,150 | |||||||||
Income from discontinued operations | 807 | -647 | 74,947 | |||||||||
Net income (loss) | -20,545 | -133,927 | -168,203 | |||||||||
Less net income attributable to noncontrolling interests | -135,429 | -74,918 | -76,955 | |||||||||
Net income attributable to Vornado | -155,974 | -208,845 | -245,158 | |||||||||
Interest and debt expense (2) | 163,120 | 160,616 | 211,701 | |||||||||
Depreciation and amortization (2) | 77,915 | 89,035 | 103,512 | |||||||||
Income tax (benefit) expense (2) | 5,738 | 3,233 | 17,961 | |||||||||
EBITDA | 90,799 | 44,039 | 88,016 | |||||||||
Real estate at cost | 2,671,782 | 2,693,508 | 2,671,782 | 2,693,508 | 2,398,185 | |||||||
Investments in partially owned entities | 101,724 | 154,982 | 101,724 | 154,982 | 547,167 | |||||||
Total assets | $2,603,780 | $3,275,504 | $2,603,780 | $3,275,504 | $4,590,877 |
Segment_Information_Parentheti
Segment Information (Parentheticals) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | $2,229,471 | $1,993,880 | $2,120,102 |
Mark-to-market of investments in our deferred compensation plan | 11,557 | 10,636 | 6,809 |
Retail Segment Strip Shopping Centers [Member] | |||
Segment Reporting Information [Line Items] | |||
Transaction Costs Spin Off | 14,956 | ||
New York Segment [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 1,439,189 | 1,079,682 | 1,017,859 |
New York Segment [Member] | Alexanders Inc [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 41,746 | 42,210 | 231,402 |
New York Segment [Member] | Alexanders Inc [Member] | Net Gain On Sale Of Real Estate [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Gain (Loss) from Disposal of Discontinued Operation | 179,934 | ||
New York Segment [Member] | Hotel Pennsylvania [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 30,753 | 30,723 | 28,455 |
New York Segment [Member] | Retail Properties [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 281,428 | 246,808 | 189,484 |
New York Segment [Member] | Office Building [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 1,085,262 | 759,941 | 568,518 |
New York Segment [Member] | Office Building [Member] | Net Gain On Sale Of Real Estate [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Gain (Loss) from Disposal of Discontinued Operation | 440,537 | 127,512 | |
Washington DC Segment [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 335,590 | 341,223 | 532,412 |
Washington DC Segment [Member] | Washington Dc Office Excluding Skyline Properties [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 266,859 | 268,373 | 449,448 |
Washington DC Segment [Member] | Washington Dc Office Excluding Skyline Properties [Member] | Net Gain On Sale Of Real Estate [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Gain (Loss) from Disposal of Discontinued Operation | 163,367 | ||
Washington DC Segment [Member] | Washington DC Skyline Properties [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 27,150 | 29,499 | 40,037 |
Washington DC Segment [Member] | Washington Dc Residential Property [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 41,581 | 43,351 | 42,927 |
Washington DC Segment [Member] | Office Building [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 294,009 | 297,872 | 489,485 |
Retail Properties Segment [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 260,261 | 541,017 | 200,526 |
Retail Properties Segment [Member] | Retail Segment Strip Shopping Centers [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 219,122 | 285,612 | 172,708 |
Gain related to litigation settlement | 59,599 | ||
Retail Properties Segment [Member] | Retail Segment Strip Shopping Centers [Member] | Impairment Loss [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Impairment Of Real Estate | 5,676 | 19,000 | 33,775 |
Retail Properties Segment [Member] | Retail Segment Strip Shopping Centers [Member] | Net Gain On Sale Of Real Estate [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Gain (Loss) from Disposal of Discontinued Operation | 66,023 | 81,806 | 15,821 |
Retail Properties Segment [Member] | Retail Segment Regional Malls [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 41,139 | 255,405 | 27,818 |
Retail Properties Segment [Member] | Retail Segment Regional Malls [Member] | Impairment Loss [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Impairment Of Real Estate | 20,842 | 13,443 | 70,100 |
Retail Properties Segment [Member] | Retail Segment Regional Malls [Member] | Net Gain On Sale Of Real Estate [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Gain (Loss) from Disposal of Discontinued Operation | 202,275 | ||
Other Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 90,799 | 44,039 | 88,016 |
Other Segment [Member] | Real Estate Fund [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 70,306 | 49,471 | 24,604 |
Other Segment [Member] | Merchandise Mart Other [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 79,636 | 74,270 | 62,470 |
Other Segment [Member] | Other Properties 555 California Street [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 48,844 | 42,667 | 46,167 |
Other Segment [Member] | India real estate ventures [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 6,434 | 5,841 | 3,654 |
Other Segment [Member] | LNR [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 0 | 20,443 | 75,202 |
Other Segment [Member] | Lexington Realty Trust [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 0 | 6,931 | 32,595 |
Other Segment [Member] | Lexington Realty Trust [Member] | Net Gains From Stock Issuances [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 0 | 0 | 28,763 |
Other Segment [Member] | Other Investments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 17,270 | 18,981 | 25,612 |
Other Segment [Member] | Corporate General And Administrative Expenses [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | -94,929 | -94,904 | -89,082 |
Other Segment [Member] | Investment Income and other, net [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 31,665 | 46,525 | 45,563 |
Other Segment [Member] | Acquisition and transaction related costs, and impairment losses [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | -31,348 | -24,857 | -17,386 |
Other Segment [Member] | Net Gain On Sale Of Marketable Securities Land Parcels And Residential Condominimums [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 13,568 | 56,868 | 4,856 |
Other Segment [Member] | Our share of debt satisfaction gains and net gains on sale of real estate [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 13,000 | 0 | 0 |
Other Segment [Member] | Suffolk Downs impairment loss and loan reserve [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | -10,263 | 0 | 0 |
Other Segment [Member] | Our share of impairment losses of partially owned entities [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | -5,771 | 0 | -4,936 |
Other Segment [Member] | Loss On Sale Of J C Penney Common Shares [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 0 | -127,888 | -300,752 |
Other Segment [Member] | Severance Costs [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 0 | -5,492 | -3,005 |
Other Segment [Member] | Merchandise Mart Discontinued Operations [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 0 | 0 | 93,588 |
Other Segment [Member] | Net income attributable to noncontrolling interests in the Operating Partnership [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | -47,563 | -23,659 | -35,327 |
Other Segment [Member] | Preferred Unit Distributions Of Operating Partnership [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | -50 | -1,158 | -9,936 |
Other Segment [Member] | Other EBITDA attributable to identifiable investments [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 222,490 | 218,604 | 270,304 |
Other Segment [Member] | Independence Plaza [Member] | Net Gain On Asset Purchase [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 0 | 0 | 105,366 |
Other Segment [Member] | Income before net realized / unrealized gains (Operations) [Member] | Real Estate Fund [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 8,056 | 7,752 | 6,385 |
Other Segment [Member] | Carried Interest [Member] | Real Estate Fund [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | 24,715 | 18,230 | 4,379 |
Other Segment [Member] | Unrealized Gain From Mark To Market [Member] | Real Estate Fund [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings Before Interest, Taxes, Depreciation, and Amortization | $37,535 | $23,489 | $13,840 |
SEC_Schedule_II_Valuation_and_1
SEC Schedule II Valuation and Qualifying Accounts (Details) (Allowance For Doubtful Accounts [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Allowance For Doubtful Accounts [Member] | |||
Valuation And Qualifying Accounts Disclosure [Line Items] | |||
Balance at Beginning of Year | $32,069 | $40,839 | $46,531 |
Additions Charged Against Operations | 3,614 | 11,417 | 9,697 |
Uncollectable Accounts Written-Off | -9,624 | -20,187 | -15,389 |
Balance at End of Year | $26,059 | $32,069 | $40,839 |
SEC_Schedule_III_Real_Estate_D
SEC Schedule III Real Estate (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Accumulated Depreciation | $3,629,135,000 | $3,296,717,000 | $2,966,067,000 | $2,742,244,000 |
Property Plant And Equipment Useful Life | 40 years | |||
Net Basis Difference Of Assets And Liabilities Between Tax Basis And GAAP Basis | 3,600,000,000 | |||
New York 1290 Avenue Of Americas [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 950,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 515,539,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 923,653,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 125,754,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 515,540,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 1,049,406,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 1,564,946,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 204,622,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1963 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
New York St. Regis Hotel [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 152,825,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 584,230,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 152,825,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 584,230,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 737,055,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,591,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2014 | |||
New York 350 Park Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 294,484,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 265,889,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 363,381,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 44,888,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 265,890,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 408,268,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 674,158,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 82,124,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1960 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
New York Office 666 Fifth Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 390,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 189,005,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 471,072,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 189,005,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 471,072,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 660,077,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 25,020,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2012 | |||
New York Office One Penn Plaza [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 412,169,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 195,595,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 607,764,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 607,764,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 249,036,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1972 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
New York Office 100 West 33rd Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 223,242,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 242,776,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 247,970,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 31,257,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 242,777,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 279,226,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 522,003,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 52,608,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1911 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
New York Office 1535 Broadway Marriott Marquis [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 249,285,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 123,615,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 372,900,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 372,900,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 528,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2012 | |||
New York Office 1540 Broadway [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 105,914,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 214,208,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 26,132,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 105,914,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 240,340,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 346,254,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 35,089,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
New York 655 Fifth Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 140,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 102,594,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 231,903,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 102,594,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 231,903,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 334,497,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 7,305,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2013 | |||
New York Office Two Penn Plaza [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 575,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 53,615,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 164,903,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 88,592,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 52,689,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 254,421,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 307,110,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 124,324,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1968 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
New York Office Manhattan Mall [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 101,758,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 88,595,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 113,473,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 71,769,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 88,595,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 185,242,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 273,837,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 44,006,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2009 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
New York Office 770 Broadway [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 353,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 52,898,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 95,686,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 96,360,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 52,898,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 192,046,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 244,944,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 81,108,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1907 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
New York Office 90 Park Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 8,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 175,890,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 51,271,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 8,000,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 227,161,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 235,161,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 96,584,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1964 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
New York Office 888 Seventh Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 318,554,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 117,269,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 116,624,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 233,893,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 233,893,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 97,295,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1980 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
New York Office 909 Third Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 350,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 120,723,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 81,627,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 202,350,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 202,350,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 70,234,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1969 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1999 | |||
New York Office Eleven Penn Plaza [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 450,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 40,333,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 85,259,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 70,124,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 40,333,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 155,383,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 195,716,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 67,353,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1923 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
New York 7 West 34th Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 179,579,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 34,614,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 144,965,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 179,579,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 58,186,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1901 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2000 | |||
New York Office 640 Fifth Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 38,224,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 25,992,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 113,920,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 38,224,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 139,912,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 178,136,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 70,078,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1950 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
New York Office 150 East 58th Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 39,303,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 80,216,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 35,385,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 39,303,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 115,601,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 154,904,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 46,971,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1969 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
New York Office 595 Madison Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 62,731,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 62,888,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 22,407,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 62,731,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 85,295,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 148,026,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 30,921,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1968 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1999 | |||
New York Office 828 To 850 Madison Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 80,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 107,937,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 28,261,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 10,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 107,937,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 28,271,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 136,208,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,831,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
New York Office 715 Lexington Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 26,903,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 63,000,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 63,000,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 26,903,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 89,903,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,553,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1923 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2001 | |||
New York Office 4 Union Square South [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 119,847,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 24,079,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 55,220,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 2,614,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 24,079,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 57,834,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 81,913,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 14,903,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1965/2004 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1993 | |||
New York Office 330 West 34th Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 8,599,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 67,997,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 76,596,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 76,596,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,957,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1925 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
New York Office 510 5th Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 30,154,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 34,602,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 18,728,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 18,806,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 34,602,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 37,534,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 72,136,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 4,541,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2010 | |||
New York Office 478 To 482 Broadway [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 20,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 13,375,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 28,546,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 20,000,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 41,921,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 61,921,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,490,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2009 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
New York Office 20 Broad Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 28,760,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 27,302,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 56,062,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 56,062,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 19,666,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1956 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
New York Office 40 Fulton Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 15,732,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 26,388,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 13,932,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 15,732,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 40,320,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 56,052,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 16,298,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1987 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
New York Office 689 Fifth Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 19,721,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 13,446,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 19,764,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 19,721,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 33,210,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 52,931,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 7,999,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1925 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
New York Office 443 Broadway [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 11,187,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 41,186,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 11,187,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 41,186,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 52,373,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,651,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2013 | |||
New York Office 40 East 66th Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 13,616,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 34,635,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 142,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 13,616,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 34,777,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 48,393,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 7,848,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
New York Office 155 Spring Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 13,700,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 30,544,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 2,469,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 13,700,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 33,013,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 46,713,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,589,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
New York Office 435 7th Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 98,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 19,893,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 19,091,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 37,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 19,893,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 19,128,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 39,021,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,964,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2002 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
New York Office 3040 M Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 7,830,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 27,490,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 3,256,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 7,830,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 30,746,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 38,576,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,978,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
New York Office 692 Broadway [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 6,053,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 22,908,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 3,536,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 6,053,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 26,444,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 32,497,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,124,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
New York Office 608 Fifth Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 30,826,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 30,826,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 30,826,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,334,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1932 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2012 | |||
New York Office 677 To 679 Madison Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 13,070,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 9,640,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 388,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 13,070,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 10,028,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 23,098,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,145,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
New York Office 484 To 486 Broadway [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 10,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 6,688,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 5,040,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 10,000,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 11,728,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 21,728,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,746,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2009 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
New York Office 1135 Third Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 7,844,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 7,844,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 5,197,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 7,844,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 13,041,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 20,885,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 363,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
New York Office 431 7th Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 16,700,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,751,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 16,700,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 2,751,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 19,451,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 533,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
New York Office 304-306 Canal Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 3,511,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 12,905,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 3,511,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 12,905,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 16,416,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2014 | |||
New York Office 334 Canal Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,693,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 6,507,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 7,107,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,693,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 13,614,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 15,307,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2011 | |||
New York Office 267 West 34th Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 5,099,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 10,037,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 5,099,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 10,037,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 15,136,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 295,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2013 | |||
New York Office 1540 Broadway Garage [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 4,086,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 8,914,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 4,086,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 8,914,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 13,000,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,912,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1990 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
New York Office 966 Third Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 8,869,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 3,631,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 8,869,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,631,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 12,500,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 121,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2013 | |||
New York Office 148 Spring Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 3,200,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 8,112,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 392,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 3,200,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 8,504,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 11,704,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,396,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2008 | |||
New York Office 150 Spring Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 3,200,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,822,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 266,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 3,200,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 6,088,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 9,288,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,016,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2008 | |||
New York Office 488 8th Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 10,650,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 1,767,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -4,674,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 6,859,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 884,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 7,743,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 156,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
New York Office 484 8th Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 3,856,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 762,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 383,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 3,856,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 1,145,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 5,001,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 345,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
New York Office 825 7th Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,483,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 697,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 33,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,483,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 730,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 2,213,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 322,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
New York Office Other Including Signage [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,548,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 88,732,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 94,280,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 94,280,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 13,659,000 | |||
New York Office Total [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 4,474,039,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,345,852,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,227,329,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,860,000,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,438,752,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 6,994,429,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 9,433,181,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,591,723,000 | |||
New York NJ Paramus [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 27,521,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,033,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 26,488,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 27,521,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 16,868,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1967 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1987 | |||
New York Other Properties Hotel Pennsylvania [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 29,903,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 121,712,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 81,199,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 29,903,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 202,911,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 232,814,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 85,990,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1919 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
New York Total [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 4,474,039,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,375,755,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,349,041,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,968,720,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,469,688,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 7,223,828,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 9,693,516,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,694,581,000 | |||
Washington DC Office 2011-2451 Crystal Drive [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 223,652,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 100,935,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 409,920,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 138,116,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 100,229,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 548,742,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 648,971,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 196,953,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1984-1989 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office 2001 Jefferson Davis Highway 2100 2200 Crystal Drive 223 23rd Street 2221 South Clark Street Crystal City Shops At 2100 And 220 20th Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 71,256,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 57,213,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 131,206,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 180,729,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 49,683,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 319,465,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 369,148,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 71,562,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1964-1969 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office 1550-1750 Crystal Drive/ 241-251 18th Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 40,865,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 64,817,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 218,330,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 78,232,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 64,652,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 296,727,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 361,379,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 99,573,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1974-1980 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office River House Apartments [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 259,546,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 118,421,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 125,078,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 69,507,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 138,819,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 174,187,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 313,006,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 35,074,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Washington DC Office Skyline Place [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 456,421,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 41,986,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 221,869,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 29,537,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 41,862,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 251,530,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 293,392,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 84,826,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1973-1984 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office 1215, 1225 S. Clark Street/ 200, 201 12th Street S. [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 58,829,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 47,594,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 177,373,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 44,496,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 47,465,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 221,998,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 269,463,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 72,395,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1983-1987 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office 1229-1231 25th Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 101,671,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 67,049,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,039,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 106,659,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 68,198,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 110,549,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 178,747,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 14,439,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Washington DC Office Warehouses [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 106,946,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 1,326,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 67,761,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 82,898,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 93,135,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 176,033,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,321,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Washington DC Office 2101 L Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 148,922,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 32,815,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 51,642,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 83,554,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 39,768,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 128,243,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 168,011,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 30,848,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1975 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2003 | |||
Washington DC Office 2200-2300 Clarendon Blvd [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 35,132,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 105,475,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 45,831,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 151,306,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 151,306,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 50,525,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1988-1989 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office 1800, 1851 And 1901 South Bell Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 37,551,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 118,806,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -7,053,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 37,551,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 111,753,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 149,304,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 31,493,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1968 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office Bowen Building 875 15th Street NW [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 115,022,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 30,077,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 98,962,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,962,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 30,176,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 100,825,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 131,001,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 24,031,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2004 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Washington DC Office 1875 Connecticut Avenue NW [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 92,500,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 36,303,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 82,004,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 7,269,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 35,886,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 89,690,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 125,576,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 20,162,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1963 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Washington DC Office One Skyline Tower [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 138,938,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 12,266,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 75,343,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 36,416,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 12,231,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 111,794,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 124,025,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 38,697,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1988 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office 1399 New York Avenue North West [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 33,481,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 67,363,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 5,736,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 34,178,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 72,402,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 106,580,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 7,425,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2011 | |||
Washington DC Office Commerce Executive [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 13,401,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 58,705,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 20,283,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 13,140,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 79,249,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 92,389,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 25,710,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1985-1989 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office Seven Skyline Place [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 103,971,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 10,292,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 58,351,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 23,086,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 10,262,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 81,467,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 91,729,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 18,906,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2001 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office 1825 Connecticut Avenue NW [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 92,500,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 33,090,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 61,316,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -4,958,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 32,726,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 56,722,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 89,448,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 13,335,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1956 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Washington DC Office 1235 Clark Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 15,826,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 53,894,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 18,636,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 15,826,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 72,530,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 88,356,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 22,186,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1981 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office H Street North 10 1 D Land Parcel [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 104,473,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 55,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -33,488,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 61,970,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 9,070,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 71,040,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Washington DC Office 1750 Pennsylvania Avenue [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 20,020,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 30,032,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 15,094,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 21,170,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 43,976,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 65,146,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 11,250,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1964 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office Crystal City Hotel [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 8,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 47,191,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 9,316,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 8,000,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 56,507,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 64,507,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 14,565,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1968 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2004 | |||
Washington DC Office 1150 17th Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 28,728,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 23,359,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 24,876,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 15,224,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 24,723,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 38,736,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 63,459,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 14,992,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1970 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office 1730 M Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 14,853,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 10,095,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 17,541,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 9,895,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 10,687,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 26,844,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 37,531,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 10,198,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1963 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office Democracy Plaza I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 33,628,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 3,321,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 36,949,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 36,949,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 16,407,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1987 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Washington DC Office 1726 M Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 9,450,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 22,062,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 3,433,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 9,455,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 25,490,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 34,945,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,036,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1964 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Washington DC Office Crystal Drive Retail [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 20,465,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 6,771,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 27,236,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 27,236,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 10,325,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2004 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2004 | |||
Washington DC Office 1109 South Capitol Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 11,541,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 178,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -253,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 11,597,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | -131,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 11,466,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Washington DC Office South Capitol [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 4,009,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 6,273,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -1,741,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 8,541,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 8,541,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Washington DC Office H-Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,763,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 641,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 41,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,763,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 682,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 2,445,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 161,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Washington DC Other [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 51,767,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -37,673,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 14,094,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 14,094,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 156,000 | |||
Washington DC Office Total [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 1,982,806,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,052,773,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,376,711,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 935,739,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,004,915,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,360,308,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 4,365,223,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 943,551,000 | |||
Retail CA Walnut Creek (1149 S. Main Street) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,699,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 19,930,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,699,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 19,930,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 22,629,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 4,599,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Retail CA Signal Hill [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 9,652,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,940,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 2,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 9,653,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 2,941,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 12,594,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 607,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Retail CA Walnut Creek (1556 Mount Diablo Blvd) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 5,909,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,536,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 5,908,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 1,537,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 7,445,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 129,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail CA Vallejo [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,945,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 221,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,166,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 3,166,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 654,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Retail CA Total California [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 18,260,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 25,815,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,759,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 18,260,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 27,574,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 45,834,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,989,000 | |||
Retail CT Waterbury [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 13,643,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 667,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 4,504,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 4,666,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 667,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 9,170,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 9,837,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,077,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1969 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1969 | |||
Retail CT Newington [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 10,969,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,421,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 1,200,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,193,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,421,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 2,393,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 4,814,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 801,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1965 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1965 | |||
Retail CT Total Connecticut [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 24,612,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 3,088,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,704,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 5,859,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 3,088,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 11,563,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 14,651,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,878,000 | |||
Retail MD Rockville [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 3,470,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 20,599,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 810,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 3,470,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 21,409,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 24,879,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,106,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Retail MD Baltimore (Towson) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 15,248,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 581,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 3,227,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 10,498,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 581,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 13,725,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 14,306,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,741,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1968 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1968 | |||
Retail MD Annapolis [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 9,652,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 9,652,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 9,652,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,956,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Retail MD Wheaton [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,367,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 5,367,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 5,367,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,107,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Retail MD Glen Burnie [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 462,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,571,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,807,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 462,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 4,378,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 4,840,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,088,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1958 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1958 | |||
Retail MD Total Maryland [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 15,248,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 4,513,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 41,416,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 13,115,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 4,513,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 54,531,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 59,044,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 17,998,000 | |||
Retail MA Springfield [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 5,591,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,797,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,471,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 591,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,797,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,062,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 5,859,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,111,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1993 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1966 | |||
Retail MA Chicopee [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 8,106,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 895,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 895,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 895,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1969 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1969 | |||
Retail MA Cambridge [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 260,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 260,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 260,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 176,000 | |||
Retail MA Total Massachusetts [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 13,697,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 3,692,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,471,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 851,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 3,692,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,322,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 7,014,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,287,000 | |||
Retail NH Salem [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 6,083,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 6,083,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 6,083,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Retail Bergen Town Center [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 300,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 19,884,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 81,723,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 376,240,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 37,635,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 440,212,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 477,847,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 82,904,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1957/2009 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2003 | |||
Retail NJ East Hanover I and II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 41,786,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,232,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 18,241,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 12,033,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,671,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 29,835,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 32,506,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 15,472,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1962 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1962/1998 | |||
Retail NJ Totowa [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 24,183,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 120,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 11,994,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 4,653,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 92,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 16,675,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 16,767,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 12,839,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1957/1999 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1957 | |||
Retail NJ Bricktown [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 31,192,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,391,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 11,179,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 6,317,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,391,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 17,496,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 18,887,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 12,300,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1968 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1968 | |||
Retail NJ Hackensack [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 39,592,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 692,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 10,219,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 3,284,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 692,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 13,503,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 14,195,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 9,657,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1963 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1963 | |||
Retail NJ North Bergen (Tonnelle Ave) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 75,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 24,493,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 63,717,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 31,806,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 56,404,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 88,210,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 9,486,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2009 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Retail NJ East Brunswick II (339-341 Route 18 S.) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 11,503,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,098,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 10,949,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 4,056,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,098,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 15,005,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 17,103,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 9,184,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1972 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1972 | |||
Retail NJ Union (Springfield Avenue) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 27,822,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 19,700,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 45,090,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 19,700,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 45,090,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 64,790,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 8,548,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NJ Marlton [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 16,853,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,611,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 3,464,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 9,960,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,454,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 13,581,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 15,035,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 8,538,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1973 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1973 | |||
Retail NJ Manalapan [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 20,545,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 725,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 7,189,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 5,534,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,046,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 12,402,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 13,448,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 8,177,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1971 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1971 | |||
Retail NJ Garfield [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 45,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 8,068,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 25,707,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 45,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 33,775,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 33,820,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,962,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2009 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
Retail NJ Morris Plains [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 20,866,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,104,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 6,411,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,101,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,104,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 7,512,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 8,616,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,934,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1961 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1985 | |||
Retail NJ East Brunswick I (325-333 Route 18 S.) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 24,290,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 319,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 6,220,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,959,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 319,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 8,179,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 8,498,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,725,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1957 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1957 | |||
Retail NJ Dover [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 12,841,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 559,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 6,363,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 3,598,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 559,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 9,961,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 10,520,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,628,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1964 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1964 | |||
Retail NJ Middeltown [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 16,960,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 283,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,248,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 2,450,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 283,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 7,698,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 7,981,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,669,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1963 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1963 | |||
Retail NJ Wayne Towne Center [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 26,137,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 22,842,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 48,979,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 48,979,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,575,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2010 | |||
Retail NJ East Rutherford [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 13,269,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 36,727,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 60,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 36,787,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 36,787,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,284,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2007 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NJ Union (Route 22 and Morris Ave) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 31,567,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 3,025,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 7,470,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 3,394,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 3,025,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 10,864,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 13,889,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,275,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1962 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1962 | |||
Retail NJ Lawnside [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 10,433,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 851,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 3,164,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,351,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 851,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 4,515,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 5,366,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 4,313,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1969 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1969 | |||
Retail NJ Watchung [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 14,713,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 4,178,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,463,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,711,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 4,441,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 6,911,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 11,352,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 4,240,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1994 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1959 | |||
Retail NJ Cherry Hill [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 13,536,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 5,864,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,694,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 4,177,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 4,864,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 7,871,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 12,735,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,985,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1964 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1964 | |||
Retail NJ Kearny [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 309,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 3,376,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,489,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 309,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 4,865,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 5,174,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,667,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1938 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1959 | |||
Retail NJ Lodi (Route 17 N.) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 11,075,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 238,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 9,446,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 238,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 9,446,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 9,684,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,599,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1999 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1975 | |||
Retail NJ Lodi (Washington Street) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 7,606,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 13,125,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 2,596,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 7,606,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 15,721,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 23,327,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,494,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2004 | |||
Retail NJ North Plainfield [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 6,577,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 13,983,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -5,507,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 6,577,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 8,476,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 15,053,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,999,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1955 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1989 | |||
Retail NJ Carlstadt [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 16,457,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 16,458,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 16,458,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,959,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NJ Jersey City [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 19,796,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 652,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 7,495,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 468,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 652,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 7,963,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 8,615,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,799,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1965 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1965 | |||
Retail NJ Woodbridge [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 20,171,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,509,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,675,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,969,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,539,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 4,614,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 6,153,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,636,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1959 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1959 | |||
Retail NJ South Plainfield [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 5,003,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 10,044,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,582,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 11,626,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 11,626,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,221,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NJ Turnersville [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 900,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 1,342,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,094,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 900,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 2,436,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 3,336,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,194,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1974 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1974 | |||
Retail NJ Hazlet [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 7,400,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 9,413,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 7,400,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 9,413,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 16,813,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,784,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NJ Eatontown [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 4,653,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 4,999,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 326,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 4,653,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 5,325,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 9,978,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,371,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Retail NJ Montclair [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 2,568,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 66,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 419,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 381,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 66,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 800,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 866,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 694,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1972 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1972 | |||
Retail NJ Englewood [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 11,571,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,300,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 17,245,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -8,390,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,495,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 9,660,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 11,155,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 566,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NJ North Bergen (Kennedy Blvd) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 4,976,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,308,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 636,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 13,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,308,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 649,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 2,957,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 447,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1993 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1959 | |||
Retail NJ Total New Jersey [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 822,111,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 123,692,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 424,668,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 550,166,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 147,819,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 950,707,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 1,098,526,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 270,125,000 | |||
Retail NY Bronx (Bruckner Blvd) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 66,100,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 259,503,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -63,515,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 61,618,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 200,470,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 262,088,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,160,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NY Huntington [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 16,265,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 21,200,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 33,667,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,690,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 21,200,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 35,357,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 56,557,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,173,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NY Mount Kisco [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 27,733,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 22,700,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 26,700,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 784,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 23,297,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 26,887,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 50,184,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 4,653,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NY Bronx (1750 - 1780 Gun Hill Road) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 6,427,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 11,885,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 19,159,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 6,428,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 31,043,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 37,471,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,028,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 2009 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Retail NY Staten Island [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 17,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 11,446,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 21,262,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 2,725,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 11,446,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 23,987,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 35,433,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,075,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2004 | |||
Retail NY Inwood [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 12,419,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 19,097,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 795,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 12,419,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 19,892,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 32,311,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 4,974,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2004 | |||
Retail NY Buffalo (Amherst) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 5,743,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 4,056,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 13,008,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 5,107,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 17,700,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 22,807,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 6,306,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1968 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1968 | |||
Retail NY West Babylon [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 6,720,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 13,786,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 201,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 6,720,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 13,987,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 20,707,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,700,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NY Freeport (437 E. Sunrise Highway) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 20,866,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,231,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 4,747,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 3,091,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,231,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 7,838,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 9,069,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,343,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1981 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1981 | |||
Retail NY Dewitt [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 7,116,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 7,116,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 7,116,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,453,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Retail NY Oceanside [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,710,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,306,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,710,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 2,306,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 5,016,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 437,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail NY Rochester (Henrietta) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,647,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,149,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,796,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 3,796,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,324,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1971 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1971 | |||
Retail NY Rochester [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 4,280,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,172,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,172,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 2,172,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1966 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1966 | |||
Retail NY Freeport (240 Sunrise Highway) [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 260,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 260,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 260,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 151,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Retail NY Commack [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 43,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 184,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 227,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 227,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 123,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Retail NY New Hyde Park [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 4,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 4,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 4,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 126,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1970 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1976 | |||
Retail NY Total New York [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 86,144,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 158,868,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 406,819,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -20,469,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 154,348,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 390,870,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 545,218,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 53,026,000 | |||
Retail PA Wilkes Barre [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 6,053,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 26,646,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 794,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 6,053,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 27,440,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 33,493,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 4,931,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
Retail PA Allentown [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 29,266,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 187,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 15,580,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,933,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 187,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 17,513,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 17,700,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 13,818,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1957 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1957 | |||
Retail PA Bensalem [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 14,526,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 2,727,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 6,698,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,895,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 2,727,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 8,593,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 11,320,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,689,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1972/1999 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1972 | |||
Retail PA Bethlehem [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 5,457,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 827,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 5,200,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,334,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 839,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 6,522,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 7,361,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 5,593,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1966 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1966 | |||
Retail PA Wyomissing [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,646,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 2,381,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 5,027,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 5,027,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,471,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Retail PA Broomall [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 10,433,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 850,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,171,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,680,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 850,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,851,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 4,701,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,792,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1966 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1966 | |||
Retail PA York [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 5,083,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 409,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 2,568,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 1,395,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 409,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,963,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 4,372,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,566,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1970 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1970 | |||
Retail PA Lancaster [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 5,270,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 3,140,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 63,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 689,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 3,140,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 752,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 3,892,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 518,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1966 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1966 | |||
Retail PA Glenolden [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 6,688,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 850,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 1,820,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 613,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 850,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 2,433,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 3,283,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,101,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1975 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1975 | |||
Retail PA Springfield [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 80,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 80,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 80,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 80,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Retail PA Total Pennsylvania [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 76,723,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 15,043,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 63,392,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 12,794,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 15,055,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 76,174,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 91,229,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 40,559,000 | |||
Retail SC Charleston [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 3,634,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,634,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 3,634,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 750,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Retail VA Norfolk [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 3,927,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 15,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 3,942,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 3,942,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 2,885,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Retail Las Catalinas Mall [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 130,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 15,280,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 64,370,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 10,121,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 15,280,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 74,491,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 89,771,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 30,478,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1996 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2002 | |||
Retail Montehiedra Town Center [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 120,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 9,182,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 66,751,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 8,328,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 9,267,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 74,994,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 84,261,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 31,673,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1996 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1997 | |||
Retail PR Total Puerto Rico [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 250,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 24,462,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 131,121,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 18,449,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 24,547,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 149,485,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 174,032,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 62,151,000 | |||
Retail Other [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 4,232,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 4,232,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 4,232,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 591,000 | |||
Retail Total Retail Properties [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 1,288,535,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 357,701,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 1,108,967,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 586,771,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 377,405,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 1,676,034,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 2,053,439,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 462,239,000 | |||
Merchandise Mart IL Chicago [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 550,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 64,528,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 319,146,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 274,921,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 64,535,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 594,060,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 658,595,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 211,332,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1930 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1998 | |||
Merchandise Mart IL 527 W. Kinzie, Chicago [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 5,166,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 5,166,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 5,166,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Merchandise Mart IL Total [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 550,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 69,694,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 319,146,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 274,921,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 69,701,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 594,060,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 663,761,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 211,332,000 | |||
Merchandise Mart NY MMPI Piers [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 12,794,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 12,794,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 12,794,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 1,020,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2008 | |||
Merchandise Mart Total Merchandise Mart [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 550,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 69,694,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 319,146,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 287,715,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 69,701,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 606,854,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 676,555,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 212,352,000 | |||
Warehouse/Industrial NJ East Hanover [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 576,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 7,752,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 19,730,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 691,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 27,367,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 28,058,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 14,259,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1972 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 1972 | |||
Other Properties 555 California Street [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 597,868,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 221,903,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 893,324,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 75,383,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 221,903,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 968,707,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 1,190,610,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 197,170,000 | |||
Real Estate And Accumulated Depreciation Year Of Construction | 1922/1969/1970 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2007 | |||
New York Manhattan 220 Central Park South Site [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 600,000,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 115,720,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 16,420,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 460,941,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 593,081,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 593,081,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Other Properties Atlantic City NJ [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 58,452,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 83,089,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 7,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -6,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 83,090,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 83,090,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 0 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2010 | |||
Other Properties 40 East 66th Residential [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 29,199,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 85,798,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -86,696,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 10,990,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 17,311,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 28,301,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,686,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 | |||
Other Properties 677-679 Madison [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 1,462,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 1,058,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 284,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 1,626,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 1,178,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 2,804,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 322,000 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2006 | |||
Other Properties Total Other Properties [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 1,256,320,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 479,425,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 996,607,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 421,975,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 317,609,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 1,580,398,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 1,898,007,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 201,178,000 | |||
Leasehold Improvements Equipment and Other [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 130,594,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 130,594,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 130,594,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 100,975,000 | |||
Total December 31, 2014 [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 9,551,700,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 4,335,924,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 10,158,224,000 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | 4,351,244,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 4,240,009,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 14,605,383,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 18,845,392,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | 3,629,135,000 | |||
Other Properties Wasserman [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Real Estate And Accumulated Depreciation Amount Of Encumbrances | 0 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Land | 28,052,000 | |||
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements | 0 | |||
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements | -27,931,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land | 0 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements | 121,000 | |||
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements | 121,000 | |||
Real Estate And Accumulated Depreciation Accumulated Depreciation | $0 | |||
Real Estate And Accumulated Depreciation Year Of Acquisition | 2005 |
SEC_Schedule_III_Rollforward_o
SEC Schedule III Rollforward of Real Estate Assets and Accumulated Depreciation (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Reconciliation Of Carrying Amount Of Real Estate Investments Roll Forward | |||
Real estate, Balance at beginning period | $17,418,946 | $17,365,533 | $15,444,754 |
Gross real estate balance at year end | 18,992,635 | 18,512,055 | 17,574,781 |
Less: Assets sold and written-off | 147,243 | 1,093,109 | 209,248 |
Real estate, Balance at end of period | 18,845,392 | 17,418,946 | 17,365,533 |
Reconciliation Of Real Estate Accumulated Depreciation Roll Forward | |||
Accumulated Depreciation, Balance at beginning of period | 3,296,717 | 2,966,067 | 2,742,244 |
Additions charged to operating expenses | 461,689 | 423,844 | 427,189 |
Real Estate Accumulated Depreciation | 3,758,406 | 3,389,911 | 3,169,433 |
Less: Accumulated depreciation on assets sold and written-off | 129,271 | 93,194 | 203,366 |
Accumulated Depreciation, Balance at end of period | 3,629,135 | 3,296,717 | 2,966,067 |
Land [Member] | |||
Reconciliation Of Carrying Amount Of Real Estate Investments Roll Forward | |||
Additions during the period: Land | 225,536 | 131,646 | 514,950 |
Building Improvements [Member] | |||
Reconciliation Of Carrying Amount Of Real Estate Investments Roll Forward | |||
Additions during the period: Buildings & improvements | $1,348,153 | $1,014,876 | $1,615,077 |