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The compensation committee periodically grants awards of restricted common stock to various employees of the Company, typically other than NEOs, for the purpose of attracting or retaining the services of these key individuals. These grants typically vest in four equal, annual installments on each of the first four anniversaries of the grant date, subject to the employee’s continued service. Shares of our restricted common stock are participating securities and have full voting rights and nonforfeitable rights to dividends. During the years ended December 31, 2024, 2023 and 2022, we granted 215,905 , 188,468 and 120,662 shares, respectively, of restricted common stock to non-executive employees. The grant date fair value of these awards was $ 11.9 million, $ 11.2 million and $ 8.3 million based on the closing share price of the Company’s common stock on the date of grant, which ranged from $ 44.68 and $ 55.08 per share, $ 47.10 to $ 64.39 per share and $ 52.97 to $ 76.55 per share, for the years ended December 31, 2024, 2023 and 2022, respectively. On November 18, 2024, Mr. Michael Fitzmaurice was granted 12,880 shares of restricted common stock as a sign-on incentive award, which vests in three equal annual installments on each of the first three anniversaries of the grant date. The grant date fair value of this award was $ 0.55 million based on the Company’s closing share price of $ 42.70 on the grant date. | text | 76.55 | perShareItemType | text: <entity> 76.55 </entity> <entity type> perShareItemType </entity type> <context> The compensation committee periodically grants awards of restricted common stock to various employees of the Company, typically other than NEOs, for the purpose of attracting or retaining the services of these key individuals. These grants typically vest in four equal, annual installments on each of the first four anniversaries of the grant date, subject to the employee’s continued service. Shares of our restricted common stock are participating securities and have full voting rights and nonforfeitable rights to dividends. During the years ended December 31, 2024, 2023 and 2022, we granted 215,905 , 188,468 and 120,662 shares, respectively, of restricted common stock to non-executive employees. The grant date fair value of these awards was $ 11.9 million, $ 11.2 million and $ 8.3 million based on the closing share price of the Company’s common stock on the date of grant, which ranged from $ 44.68 and $ 55.08 per share, $ 47.10 to $ 64.39 per share and $ 52.97 to $ 76.55 per share, for the years ended December 31, 2024, 2023 and 2022, respectively. On November 18, 2024, Mr. Michael Fitzmaurice was granted 12,880 shares of restricted common stock as a sign-on incentive award, which vests in three equal annual installments on each of the first three anniversaries of the grant date. The grant date fair value of this award was $ 0.55 million based on the Company’s closing share price of $ 42.70 on the grant date. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue |
The compensation committee periodically grants awards of restricted common stock to various employees of the Company, typically other than NEOs, for the purpose of attracting or retaining the services of these key individuals. These grants typically vest in four equal, annual installments on each of the first four anniversaries of the grant date, subject to the employee’s continued service. Shares of our restricted common stock are participating securities and have full voting rights and nonforfeitable rights to dividends. During the years ended December 31, 2024, 2023 and 2022, we granted 215,905 , 188,468 and 120,662 shares, respectively, of restricted common stock to non-executive employees. The grant date fair value of these awards was $ 11.9 million, $ 11.2 million and $ 8.3 million based on the closing share price of the Company’s common stock on the date of grant, which ranged from $ 44.68 and $ 55.08 per share, $ 47.10 to $ 64.39 per share and $ 52.97 to $ 76.55 per share, for the years ended December 31, 2024, 2023 and 2022, respectively. On November 18, 2024, Mr. Michael Fitzmaurice was granted 12,880 shares of restricted common stock as a sign-on incentive award, which vests in three equal annual installments on each of the first three anniversaries of the grant date. The grant date fair value of this award was $ 0.55 million based on the Company’s closing share price of $ 42.70 on the grant date. | text | 12880 | sharesItemType | text: <entity> 12880 </entity> <entity type> sharesItemType </entity type> <context> The compensation committee periodically grants awards of restricted common stock to various employees of the Company, typically other than NEOs, for the purpose of attracting or retaining the services of these key individuals. These grants typically vest in four equal, annual installments on each of the first four anniversaries of the grant date, subject to the employee’s continued service. Shares of our restricted common stock are participating securities and have full voting rights and nonforfeitable rights to dividends. During the years ended December 31, 2024, 2023 and 2022, we granted 215,905 , 188,468 and 120,662 shares, respectively, of restricted common stock to non-executive employees. The grant date fair value of these awards was $ 11.9 million, $ 11.2 million and $ 8.3 million based on the closing share price of the Company’s common stock on the date of grant, which ranged from $ 44.68 and $ 55.08 per share, $ 47.10 to $ 64.39 per share and $ 52.97 to $ 76.55 per share, for the years ended December 31, 2024, 2023 and 2022, respectively. On November 18, 2024, Mr. Michael Fitzmaurice was granted 12,880 shares of restricted common stock as a sign-on incentive award, which vests in three equal annual installments on each of the first three anniversaries of the grant date. The grant date fair value of this award was $ 0.55 million based on the Company’s closing share price of $ 42.70 on the grant date. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
The compensation committee periodically grants awards of restricted common stock to various employees of the Company, typically other than NEOs, for the purpose of attracting or retaining the services of these key individuals. These grants typically vest in four equal, annual installments on each of the first four anniversaries of the grant date, subject to the employee’s continued service. Shares of our restricted common stock are participating securities and have full voting rights and nonforfeitable rights to dividends. During the years ended December 31, 2024, 2023 and 2022, we granted 215,905 , 188,468 and 120,662 shares, respectively, of restricted common stock to non-executive employees. The grant date fair value of these awards was $ 11.9 million, $ 11.2 million and $ 8.3 million based on the closing share price of the Company’s common stock on the date of grant, which ranged from $ 44.68 and $ 55.08 per share, $ 47.10 to $ 64.39 per share and $ 52.97 to $ 76.55 per share, for the years ended December 31, 2024, 2023 and 2022, respectively. On November 18, 2024, Mr. Michael Fitzmaurice was granted 12,880 shares of restricted common stock as a sign-on incentive award, which vests in three equal annual installments on each of the first three anniversaries of the grant date. The grant date fair value of this award was $ 0.55 million based on the Company’s closing share price of $ 42.70 on the grant date. | text | 42.70 | perShareItemType | text: <entity> 42.70 </entity> <entity type> perShareItemType </entity type> <context> The compensation committee periodically grants awards of restricted common stock to various employees of the Company, typically other than NEOs, for the purpose of attracting or retaining the services of these key individuals. These grants typically vest in four equal, annual installments on each of the first four anniversaries of the grant date, subject to the employee’s continued service. Shares of our restricted common stock are participating securities and have full voting rights and nonforfeitable rights to dividends. During the years ended December 31, 2024, 2023 and 2022, we granted 215,905 , 188,468 and 120,662 shares, respectively, of restricted common stock to non-executive employees. The grant date fair value of these awards was $ 11.9 million, $ 11.2 million and $ 8.3 million based on the closing share price of the Company’s common stock on the date of grant, which ranged from $ 44.68 and $ 55.08 per share, $ 47.10 to $ 64.39 per share and $ 52.97 to $ 76.55 per share, for the years ended December 31, 2024, 2023 and 2022, respectively. On November 18, 2024, Mr. Michael Fitzmaurice was granted 12,880 shares of restricted common stock as a sign-on incentive award, which vests in three equal annual installments on each of the first three anniversaries of the grant date. The grant date fair value of this award was $ 0.55 million based on the Company’s closing share price of $ 42.70 on the grant date. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue |
In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. | text | 3357 | sharesItemType | text: <entity> 3357 </entity> <entity type> sharesItemType </entity type> <context> In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. | text | 2843 | sharesItemType | text: <entity> 2843 </entity> <entity type> sharesItemType </entity type> <context> In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. | text | 2387 | sharesItemType | text: <entity> 2387 </entity> <entity type> sharesItemType </entity type> <context> In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. | text | 44.68 | perShareItemType | text: <entity> 44.68 </entity> <entity type> perShareItemType </entity type> <context> In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue |
In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. | text | 52.76 | perShareItemType | text: <entity> 52.76 </entity> <entity type> perShareItemType </entity type> <context> In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue |
In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. | text | 58.65 | perShareItemType | text: <entity> 58.65 </entity> <entity type> perShareItemType </entity type> <context> In accordance with the Rexford Industrial Realty, Inc. Non-Employee Director Compensation Program, each year on the date of the annual meeting of the Company’s stockholders, we grant shares of restricted common stock to each of our non-employee directors who are re-elected for another year of service. These awards vest on the earlier of (i) the date of the annual meeting of the Company’s stockholders next following the grant date and (ii) the first anniversary of the grant date, subject to each non-employee director’s continued service. During the years ended December 31, 2024, 2023 and 2022, each of our non-employee directors were granted 3,357 , 2,843 and 2,387 shares of restricted common stock with a grant date fair value of $ 149,991 , $ 149,997 and $ 139,998 based on the Company’s closing share price on the grant date of $ 44.68 , $ 52.76 and $ 58.65 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue |
The total fair value of vested shares, which is calculated as the number of shares vested multiplied by the closing share price of the Company’s common stock on the vesting date, was $ 6.7 million, $ 6.4 million and $ 6.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 6.7 | monetaryItemType | text: <entity> 6.7 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of vested shares, which is calculated as the number of shares vested multiplied by the closing share price of the Company’s common stock on the vesting date, was $ 6.7 million, $ 6.4 million and $ 6.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of vested shares, which is calculated as the number of shares vested multiplied by the closing share price of the Company’s common stock on the vesting date, was $ 6.7 million, $ 6.4 million and $ 6.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 6.4 | monetaryItemType | text: <entity> 6.4 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of vested shares, which is calculated as the number of shares vested multiplied by the closing share price of the Company’s common stock on the vesting date, was $ 6.7 million, $ 6.4 million and $ 6.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of vested shares, which is calculated as the number of shares vested multiplied by the closing share price of the Company’s common stock on the vesting date, was $ 6.7 million, $ 6.4 million and $ 6.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 6.6 | monetaryItemType | text: <entity> 6.6 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of vested shares, which is calculated as the number of shares vested multiplied by the closing share price of the Company’s common stock on the vesting date, was $ 6.7 million, $ 6.4 million and $ 6.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
During the years ended December 31, 2024, 2023 and 2022, Messrs. Schwimmer and Frankel elected to receive 100 %, 30 % and 50 % of their annual bonuses in LTIP Units and the remainder in cash, if applicable. Accordingly, on January 17, 2025, January 17, 2024 and January 17, 2023, at the time the annual bonuses were paid to executives, Messrs. Schwimmer and Frankel were each granted 70,512 , 15,340 and 19,367 fully-vested LTIP Units for the years ended December 31, 2024, 2023 and 2022, respectively. Share-based compensation expense for the years ended December 31, 2024, 2023 and 2022 includes $ 5.5 million, $ 1.7 million and $ 2.3 million, respectively, for the portion of Messrs. Schwimmer and Frankel’s accrued bonuses that were settled with these fully-vested LTIP Units. | text | 5.5 | monetaryItemType | text: <entity> 5.5 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, Messrs. Schwimmer and Frankel elected to receive 100 %, 30 % and 50 % of their annual bonuses in LTIP Units and the remainder in cash, if applicable. Accordingly, on January 17, 2025, January 17, 2024 and January 17, 2023, at the time the annual bonuses were paid to executives, Messrs. Schwimmer and Frankel were each granted 70,512 , 15,340 and 19,367 fully-vested LTIP Units for the years ended December 31, 2024, 2023 and 2022, respectively. Share-based compensation expense for the years ended December 31, 2024, 2023 and 2022 includes $ 5.5 million, $ 1.7 million and $ 2.3 million, respectively, for the portion of Messrs. Schwimmer and Frankel’s accrued bonuses that were settled with these fully-vested LTIP Units. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1 |
During the years ended December 31, 2024, 2023 and 2022, Messrs. Schwimmer and Frankel elected to receive 100 %, 30 % and 50 % of their annual bonuses in LTIP Units and the remainder in cash, if applicable. Accordingly, on January 17, 2025, January 17, 2024 and January 17, 2023, at the time the annual bonuses were paid to executives, Messrs. Schwimmer and Frankel were each granted 70,512 , 15,340 and 19,367 fully-vested LTIP Units for the years ended December 31, 2024, 2023 and 2022, respectively. Share-based compensation expense for the years ended December 31, 2024, 2023 and 2022 includes $ 5.5 million, $ 1.7 million and $ 2.3 million, respectively, for the portion of Messrs. Schwimmer and Frankel’s accrued bonuses that were settled with these fully-vested LTIP Units. | text | 1.7 | monetaryItemType | text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, Messrs. Schwimmer and Frankel elected to receive 100 %, 30 % and 50 % of their annual bonuses in LTIP Units and the remainder in cash, if applicable. Accordingly, on January 17, 2025, January 17, 2024 and January 17, 2023, at the time the annual bonuses were paid to executives, Messrs. Schwimmer and Frankel were each granted 70,512 , 15,340 and 19,367 fully-vested LTIP Units for the years ended December 31, 2024, 2023 and 2022, respectively. Share-based compensation expense for the years ended December 31, 2024, 2023 and 2022 includes $ 5.5 million, $ 1.7 million and $ 2.3 million, respectively, for the portion of Messrs. Schwimmer and Frankel’s accrued bonuses that were settled with these fully-vested LTIP Units. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1 |
During the years ended December 31, 2024, 2023 and 2022, Messrs. Schwimmer and Frankel elected to receive 100 %, 30 % and 50 % of their annual bonuses in LTIP Units and the remainder in cash, if applicable. Accordingly, on January 17, 2025, January 17, 2024 and January 17, 2023, at the time the annual bonuses were paid to executives, Messrs. Schwimmer and Frankel were each granted 70,512 , 15,340 and 19,367 fully-vested LTIP Units for the years ended December 31, 2024, 2023 and 2022, respectively. Share-based compensation expense for the years ended December 31, 2024, 2023 and 2022 includes $ 5.5 million, $ 1.7 million and $ 2.3 million, respectively, for the portion of Messrs. Schwimmer and Frankel’s accrued bonuses that were settled with these fully-vested LTIP Units. | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, Messrs. Schwimmer and Frankel elected to receive 100 %, 30 % and 50 % of their annual bonuses in LTIP Units and the remainder in cash, if applicable. Accordingly, on January 17, 2025, January 17, 2024 and January 17, 2023, at the time the annual bonuses were paid to executives, Messrs. Schwimmer and Frankel were each granted 70,512 , 15,340 and 19,367 fully-vested LTIP Units for the years ended December 31, 2024, 2023 and 2022, respectively. Share-based compensation expense for the years ended December 31, 2024, 2023 and 2022 includes $ 5.5 million, $ 1.7 million and $ 2.3 million, respectively, for the portion of Messrs. Schwimmer and Frankel’s accrued bonuses that were settled with these fully-vested LTIP Units. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1 |
As of December 31, 2024, total unrecognized compensation cost related to all unvested share-based awards was $ 61.5 million and is expected to be recognized over a weighted average remaining period of 26 months. | text | 61.5 | monetaryItemType | text: <entity> 61.5 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, total unrecognized compensation cost related to all unvested share-based awards was $ 61.5 million and is expected to be recognized over a weighted average remaining period of 26 months. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
We operate as one operating segment. We are engaged in the business of investing in, operating and repositioning/redeveloping industrial real estate properties located in Southern California infill markets. Our operating results depend primarily upon generating rental revenue from leasing and operating our industrial properties. As a group, our Co-Chief Executive Officers, Chief Operating Officer and Chief Financial Officer collectively act as the CODM of the Company. Our CODM reviews financial information presented on a consolidated basis when making decisions related to assessing our operating performance and allocating resources. | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> We operate as one operating segment. We are engaged in the business of investing in, operating and repositioning/redeveloping industrial real estate properties located in Southern California infill markets. Our operating results depend primarily upon generating rental revenue from leasing and operating our industrial properties. As a group, our Co-Chief Executive Officers, Chief Operating Officer and Chief Financial Officer collectively act as the CODM of the Company. Our CODM reviews financial information presented on a consolidated basis when making decisions related to assessing our operating performance and allocating resources. </context> | us-gaap:NumberOfReportableSegments |
Holders of these Series 2 CPOP units are entitled to cumulative cash distributions at the rate of 4.00 % per annum through March 4, 2025, and 5.00 % per annum thereafter. We have the option to convert the Series 2 CPOP units into OP units at any time after March 5, 2025. See “Note 13 – Noncontrolling Interests” for additional details. | text | 4.00 | percentItemType | text: <entity> 4.00 </entity> <entity type> percentItemType </entity type> <context> Holders of these Series 2 CPOP units are entitled to cumulative cash distributions at the rate of 4.00 % per annum through March 4, 2025, and 5.00 % per annum thereafter. We have the option to convert the Series 2 CPOP units into OP units at any time after March 5, 2025. See “Note 13 – Noncontrolling Interests” for additional details. </context> | us-gaap:PreferredStockDividendRatePercentage |
Holders of these Series 2 CPOP units are entitled to cumulative cash distributions at the rate of 4.00 % per annum through March 4, 2025, and 5.00 % per annum thereafter. We have the option to convert the Series 2 CPOP units into OP units at any time after March 5, 2025. See “Note 13 – Noncontrolling Interests” for additional details. | text | 5.00 | percentItemType | text: <entity> 5.00 </entity> <entity type> percentItemType </entity type> <context> Holders of these Series 2 CPOP units are entitled to cumulative cash distributions at the rate of 4.00 % per annum through March 4, 2025, and 5.00 % per annum thereafter. We have the option to convert the Series 2 CPOP units into OP units at any time after March 5, 2025. See “Note 13 – Noncontrolling Interests” for additional details. </context> | us-gaap:PreferredStockDividendRatePercentage |
In January 2025, we partially settled the March 2024 Forward Sale Agreement by issuing 1,543,191 shares of common stock in exchange for net proceeds of $ 75.0 million, based on a weighted average forward price of $ 48.60 per share at settlement. After this settlement, there are 8,233,577 shares of common stock, or approximately $ 401.1 million of net forward proceeds remaining for settlement prior to the scheduled maturity date of March 27, 2025. | text | 1543191 | sharesItemType | text: <entity> 1543191 </entity> <entity type> sharesItemType </entity type> <context> In January 2025, we partially settled the March 2024 Forward Sale Agreement by issuing 1,543,191 shares of common stock in exchange for net proceeds of $ 75.0 million, based on a weighted average forward price of $ 48.60 per share at settlement. After this settlement, there are 8,233,577 shares of common stock, or approximately $ 401.1 million of net forward proceeds remaining for settlement prior to the scheduled maturity date of March 27, 2025. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
During 2009, we recorded impairment charges totaling $ 19.6 million in continuing operations (of which $ 4.5 million relates to properties still owned by us) to write down our investments in real estate to fair value. Of the $ 4.5 million, $ 2.4 million is included as a reduction of “Land” in the table above, with the remaining $ 2.1 million included as a reduction of “Buildings and Improvements”. | text | 19.6 | monetaryItemType | text: <entity> 19.6 </entity> <entity type> monetaryItemType </entity type> <context> During 2009, we recorded impairment charges totaling $ 19.6 million in continuing operations (of which $ 4.5 million relates to properties still owned by us) to write down our investments in real estate to fair value. Of the $ 4.5 million, $ 2.4 million is included as a reduction of “Land” in the table above, with the remaining $ 2.1 million included as a reduction of “Buildings and Improvements”. </context> | us-gaap:RealEstateOwnedValuationAllowanceComponent |
During 2009, we recorded impairment charges totaling $ 19.6 million in continuing operations (of which $ 4.5 million relates to properties still owned by us) to write down our investments in real estate to fair value. Of the $ 4.5 million, $ 2.4 million is included as a reduction of “Land” in the table above, with the remaining $ 2.1 million included as a reduction of “Buildings and Improvements”. | text | 4.5 | monetaryItemType | text: <entity> 4.5 </entity> <entity type> monetaryItemType </entity type> <context> During 2009, we recorded impairment charges totaling $ 19.6 million in continuing operations (of which $ 4.5 million relates to properties still owned by us) to write down our investments in real estate to fair value. Of the $ 4.5 million, $ 2.4 million is included as a reduction of “Land” in the table above, with the remaining $ 2.1 million included as a reduction of “Buildings and Improvements”. </context> | us-gaap:RealEstateOwnedValuationAllowanceComponent |
During 2009, we recorded impairment charges totaling $ 19.6 million in continuing operations (of which $ 4.5 million relates to properties still owned by us) to write down our investments in real estate to fair value. Of the $ 4.5 million, $ 2.4 million is included as a reduction of “Land” in the table above, with the remaining $ 2.1 million included as a reduction of “Buildings and Improvements”. | text | 2.4 | monetaryItemType | text: <entity> 2.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2009, we recorded impairment charges totaling $ 19.6 million in continuing operations (of which $ 4.5 million relates to properties still owned by us) to write down our investments in real estate to fair value. Of the $ 4.5 million, $ 2.4 million is included as a reduction of “Land” in the table above, with the remaining $ 2.1 million included as a reduction of “Buildings and Improvements”. </context> | us-gaap:RealEstateOwnedValuationAllowanceComponent |
During 2009, we recorded impairment charges totaling $ 19.6 million in continuing operations (of which $ 4.5 million relates to properties still owned by us) to write down our investments in real estate to fair value. Of the $ 4.5 million, $ 2.4 million is included as a reduction of “Land” in the table above, with the remaining $ 2.1 million included as a reduction of “Buildings and Improvements”. | text | 2.1 | monetaryItemType | text: <entity> 2.1 </entity> <entity type> monetaryItemType </entity type> <context> During 2009, we recorded impairment charges totaling $ 19.6 million in continuing operations (of which $ 4.5 million relates to properties still owned by us) to write down our investments in real estate to fair value. Of the $ 4.5 million, $ 2.4 million is included as a reduction of “Land” in the table above, with the remaining $ 2.1 million included as a reduction of “Buildings and Improvements”. </context> | us-gaap:RealEstateOwnedValuationAllowanceComponent |
As of December 31, 2024, these six properties secure the $ 60 Million Term Loan. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, these six properties secure the $ 60 Million Term Loan. </context> | us-gaap:DebtInstrumentCarryingAmount |
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. (the “Operating Partnership”), a Delaware limited partnership. Accordingly, Vornado’s cash flow and ability to pay dividends to its shareholders are 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 91.0 % of the common limited partnership interest in the Operating Partnership as of December 31, 2023. All references to the “Company,” “we,” “us” and “our” mean, collectively, Vornado, the Operating Partnership and those subsidiaries consolidated by Vornado. | text | 91.0 | percentItemType | text: <entity> 91.0 </entity> <entity type> percentItemType </entity type> <context> 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. (the “Operating Partnership”), a Delaware limited partnership. Accordingly, Vornado’s cash flow and ability to pay dividends to its shareholders are 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 91.0 % of the common limited partnership interest in the Operating Partnership as of December 31, 2023. All references to the “Company,” “we,” “us” and “our” mean, collectively, Vornado, the Operating Partnership and those subsidiaries consolidated by Vornado. </context> | us-gaap:LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest |
57 Manhattan operating properties consisting of: | text | 57 | integerItemType | text: <entity> 57 </entity> <entity type> integerItemType </entity type> <context> 57 Manhattan operating properties consisting of: </context> | us-gaap:NumberOfRealEstateProperties |
20.4 million square feet of office space in 30 of the properties; | text | 30 | integerItemType | text: <entity> 30 </entity> <entity type> integerItemType </entity type> <context> 20.4 million square feet of office space in 30 of the properties; </context> | us-gaap:NumberOfRealEstateProperties |
2.4 million square feet of street retail space in 50 of the properties; | text | 50 | integerItemType | text: <entity> 50 </entity> <entity type> integerItemType </entity type> <context> 2.4 million square feet of street retail space in 50 of the properties; </context> | us-gaap:NumberOfRealEstateProperties |
1,662 units in five Manhattan residential properties; | text | 1662 | integerItemType | text: <entity> 1662 </entity> <entity type> integerItemType </entity type> <context> 1,662 units in five Manhattan residential properties; </context> | us-gaap:NumberOfUnitsInRealEstateProperty |
1,662 units in five Manhattan residential properties; | text | five | integerItemType | text: <entity> five </entity> <entity type> integerItemType </entity type> <context> 1,662 units in five Manhattan residential properties; </context> | us-gaap:NumberOfRealEstateProperties |
A 32.4 % interest in Alexander’s, Inc. (“Alexander’s”) (NYSE: ALX), which owns five properties in the greater New York metropolitan area, including 731 Lexington Avenue, the 1.1 million square foot Bloomberg, L.P. headquarters building, and The Alexander, a 312 -unit apartment tower in Queens; | text | 32.4 | percentItemType | text: <entity> 32.4 </entity> <entity type> percentItemType </entity type> <context> A 32.4 % interest in Alexander’s, Inc. (“Alexander’s”) (NYSE: ALX), which owns five properties in the greater New York metropolitan area, including 731 Lexington Avenue, the 1.1 million square foot Bloomberg, L.P. headquarters building, and The Alexander, a 312 -unit apartment tower in Queens; </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
A 32.4 % interest in Alexander’s, Inc. (“Alexander’s”) (NYSE: ALX), which owns five properties in the greater New York metropolitan area, including 731 Lexington Avenue, the 1.1 million square foot Bloomberg, L.P. headquarters building, and The Alexander, a 312 -unit apartment tower in Queens; | text | five | integerItemType | text: <entity> five </entity> <entity type> integerItemType </entity type> <context> A 32.4 % interest in Alexander’s, Inc. (“Alexander’s”) (NYSE: ALX), which owns five properties in the greater New York metropolitan area, including 731 Lexington Avenue, the 1.1 million square foot Bloomberg, L.P. headquarters building, and The Alexander, a 312 -unit apartment tower in Queens; </context> | us-gaap:NumberOfRealEstateProperties |
A 32.4 % interest in Alexander’s, Inc. (“Alexander’s”) (NYSE: ALX), which owns five properties in the greater New York metropolitan area, including 731 Lexington Avenue, the 1.1 million square foot Bloomberg, L.P. headquarters building, and The Alexander, a 312 -unit apartment tower in Queens; | text | 312 | integerItemType | text: <entity> 312 </entity> <entity type> integerItemType </entity type> <context> A 32.4 % interest in Alexander’s, Inc. (“Alexander’s”) (NYSE: ALX), which owns five properties in the greater New York metropolitan area, including 731 Lexington Avenue, the 1.1 million square foot Bloomberg, L.P. headquarters building, and The Alexander, a 312 -unit apartment tower in Queens; </context> | us-gaap:NumberOfUnitsInRealEstateProperty |
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; and | text | 70 | percentItemType | text: <entity> 70 </entity> <entity type> percentItemType </entity type> <context> 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; and </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
(“ASU 2022-06”) which was issued to defer the sunset date of ASC 848 to December 31, 2024. ASU 2022-06 is effective immediately for all companies. For our derivatives in hedge accounting relationships, we have utilized the elective relief in ASC 848, allowing for the continuation of hedge accounting through the transition process. As of December 31, 2023, we have transitioned all of our LIBOR-indexed debt and derivatives to SOFR, except for the $ 500,000,000 mortgage loan on the office condominium of 731 Lexington Avenue, owned by Alexander’s Inc. (in which we have a 32.4 % interest), which transitioned to the Prime Rate. | text | 500000000 | monetaryItemType | text: <entity> 500000000 </entity> <entity type> monetaryItemType </entity type> <context> (“ASU 2022-06”) which was issued to defer the sunset date of ASC 848 to December 31, 2024. ASU 2022-06 is effective immediately for all companies. For our derivatives in hedge accounting relationships, we have utilized the elective relief in ASC 848, allowing for the continuation of hedge accounting through the transition process. As of December 31, 2023, we have transitioned all of our LIBOR-indexed debt and derivatives to SOFR, except for the $ 500,000,000 mortgage loan on the office condominium of 731 Lexington Avenue, owned by Alexander’s Inc. (in which we have a 32.4 % interest), which transitioned to the Prime Rate. </context> | us-gaap:LongTermDebt |
(“ASU 2022-06”) which was issued to defer the sunset date of ASC 848 to December 31, 2024. ASU 2022-06 is effective immediately for all companies. For our derivatives in hedge accounting relationships, we have utilized the elective relief in ASC 848, allowing for the continuation of hedge accounting through the transition process. As of December 31, 2023, we have transitioned all of our LIBOR-indexed debt and derivatives to SOFR, except for the $ 500,000,000 mortgage loan on the office condominium of 731 Lexington Avenue, owned by Alexander’s Inc. (in which we have a 32.4 % interest), which transitioned to the Prime Rate. | text | 32.4 | percentItemType | text: <entity> 32.4 </entity> <entity type> percentItemType </entity type> <context> (“ASU 2022-06”) which was issued to defer the sunset date of ASC 848 to December 31, 2024. ASU 2022-06 is effective immediately for all companies. For our derivatives in hedge accounting relationships, we have utilized the elective relief in ASC 848, allowing for the continuation of hedge accounting through the transition process. As of December 31, 2023, we have transitioned all of our LIBOR-indexed debt and derivatives to SOFR, except for the $ 500,000,000 mortgage loan on the office condominium of 731 Lexington Avenue, owned by Alexander’s Inc. (in which we have a 32.4 % interest), which transitioned to the Prime Rate. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax assets, net of valuation allowances, of $ 7,557,000 and $ 7,944,000 , respectively, which are included in “other assets” on our consolidated balance sheets. As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax liabilities of $ 74,721,000 and $ 54,597,000 , respectively, which are included in "other liabilities" on our consolidated balance sheets. The deferred tax assets relate to net operating loss carry forwards and temporary differences between the book and tax basis of our assets. The deferred tax liabilities relate to temporary differences between the book and tax basis of our assets. | text | 7557000 | monetaryItemType | text: <entity> 7557000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax assets, net of valuation allowances, of $ 7,557,000 and $ 7,944,000 , respectively, which are included in “other assets” on our consolidated balance sheets. As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax liabilities of $ 74,721,000 and $ 54,597,000 , respectively, which are included in "other liabilities" on our consolidated balance sheets. The deferred tax assets relate to net operating loss carry forwards and temporary differences between the book and tax basis of our assets. The deferred tax liabilities relate to temporary differences between the book and tax basis of our assets. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwards |
As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax assets, net of valuation allowances, of $ 7,557,000 and $ 7,944,000 , respectively, which are included in “other assets” on our consolidated balance sheets. As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax liabilities of $ 74,721,000 and $ 54,597,000 , respectively, which are included in "other liabilities" on our consolidated balance sheets. The deferred tax assets relate to net operating loss carry forwards and temporary differences between the book and tax basis of our assets. The deferred tax liabilities relate to temporary differences between the book and tax basis of our assets. | text | 7944000 | monetaryItemType | text: <entity> 7944000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax assets, net of valuation allowances, of $ 7,557,000 and $ 7,944,000 , respectively, which are included in “other assets” on our consolidated balance sheets. As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax liabilities of $ 74,721,000 and $ 54,597,000 , respectively, which are included in "other liabilities" on our consolidated balance sheets. The deferred tax assets relate to net operating loss carry forwards and temporary differences between the book and tax basis of our assets. The deferred tax liabilities relate to temporary differences between the book and tax basis of our assets. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwards |
As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax assets, net of valuation allowances, of $ 7,557,000 and $ 7,944,000 , respectively, which are included in “other assets” on our consolidated balance sheets. As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax liabilities of $ 74,721,000 and $ 54,597,000 , respectively, which are included in "other liabilities" on our consolidated balance sheets. The deferred tax assets relate to net operating loss carry forwards and temporary differences between the book and tax basis of our assets. The deferred tax liabilities relate to temporary differences between the book and tax basis of our assets. | text | 74721000 | monetaryItemType | text: <entity> 74721000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax assets, net of valuation allowances, of $ 7,557,000 and $ 7,944,000 , respectively, which are included in “other assets” on our consolidated balance sheets. As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax liabilities of $ 74,721,000 and $ 54,597,000 , respectively, which are included in "other liabilities" on our consolidated balance sheets. The deferred tax assets relate to net operating loss carry forwards and temporary differences between the book and tax basis of our assets. The deferred tax liabilities relate to temporary differences between the book and tax basis of our assets. </context> | us-gaap:DeferredTaxLiabilities |
As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax assets, net of valuation allowances, of $ 7,557,000 and $ 7,944,000 , respectively, which are included in “other assets” on our consolidated balance sheets. As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax liabilities of $ 74,721,000 and $ 54,597,000 , respectively, which are included in "other liabilities" on our consolidated balance sheets. The deferred tax assets relate to net operating loss carry forwards and temporary differences between the book and tax basis of our assets. The deferred tax liabilities relate to temporary differences between the book and tax basis of our assets. | text | 54597000 | monetaryItemType | text: <entity> 54597000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax assets, net of valuation allowances, of $ 7,557,000 and $ 7,944,000 , respectively, which are included in “other assets” on our consolidated balance sheets. As of December 31, 2023 and 2022, our taxable REIT subsidiaries had deferred tax liabilities of $ 74,721,000 and $ 54,597,000 , respectively, which are included in "other liabilities" on our consolidated balance sheets. The deferred tax assets relate to net operating loss carry forwards and temporary differences between the book and tax basis of our assets. The deferred tax liabilities relate to temporary differences between the book and tax basis of our assets. </context> | us-gaap:DeferredTaxLiabilities |
As of December 31, 2023, our taxable REIT subsidiaries have an estimated $ 162,000,000 of federal net operating loss ("NOL") carryforwards and $ 259,000,000 of state and local NOL carryforwards, which are reduced by valuation allowances of $ 144,000,000 for federal NOL carryforwards and $ 242,000,000 for state and local NOL carryforwards. The NOL carryforwards are subject to certain limitations. | text | 162000000 | monetaryItemType | text: <entity> 162000000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, our taxable REIT subsidiaries have an estimated $ 162,000,000 of federal net operating loss ("NOL") carryforwards and $ 259,000,000 of state and local NOL carryforwards, which are reduced by valuation allowances of $ 144,000,000 for federal NOL carryforwards and $ 242,000,000 for state and local NOL carryforwards. The NOL carryforwards are subject to certain limitations. </context> | us-gaap:OperatingLossCarryforwards |
As of December 31, 2023, our taxable REIT subsidiaries have an estimated $ 162,000,000 of federal net operating loss ("NOL") carryforwards and $ 259,000,000 of state and local NOL carryforwards, which are reduced by valuation allowances of $ 144,000,000 for federal NOL carryforwards and $ 242,000,000 for state and local NOL carryforwards. The NOL carryforwards are subject to certain limitations. | text | 259000000 | monetaryItemType | text: <entity> 259000000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, our taxable REIT subsidiaries have an estimated $ 162,000,000 of federal net operating loss ("NOL") carryforwards and $ 259,000,000 of state and local NOL carryforwards, which are reduced by valuation allowances of $ 144,000,000 for federal NOL carryforwards and $ 242,000,000 for state and local NOL carryforwards. The NOL carryforwards are subject to certain limitations. </context> | us-gaap:OperatingLossCarryforwards |
As of December 31, 2023, our taxable REIT subsidiaries have an estimated $ 162,000,000 of federal net operating loss ("NOL") carryforwards and $ 259,000,000 of state and local NOL carryforwards, which are reduced by valuation allowances of $ 144,000,000 for federal NOL carryforwards and $ 242,000,000 for state and local NOL carryforwards. The NOL carryforwards are subject to certain limitations. | text | 144000000 | monetaryItemType | text: <entity> 144000000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, our taxable REIT subsidiaries have an estimated $ 162,000,000 of federal net operating loss ("NOL") carryforwards and $ 259,000,000 of state and local NOL carryforwards, which are reduced by valuation allowances of $ 144,000,000 for federal NOL carryforwards and $ 242,000,000 for state and local NOL carryforwards. The NOL carryforwards are subject to certain limitations. </context> | us-gaap:OperatingLossCarryforwardsValuationAllowance |
As of December 31, 2023, our taxable REIT subsidiaries have an estimated $ 162,000,000 of federal net operating loss ("NOL") carryforwards and $ 259,000,000 of state and local NOL carryforwards, which are reduced by valuation allowances of $ 144,000,000 for federal NOL carryforwards and $ 242,000,000 for state and local NOL carryforwards. The NOL carryforwards are subject to certain limitations. | text | 242000000 | monetaryItemType | text: <entity> 242000000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, our taxable REIT subsidiaries have an estimated $ 162,000,000 of federal net operating loss ("NOL") carryforwards and $ 259,000,000 of state and local NOL carryforwards, which are reduced by valuation allowances of $ 144,000,000 for federal NOL carryforwards and $ 242,000,000 for state and local NOL carryforwards. The NOL carryforwards are subject to certain limitations. </context> | us-gaap:OperatingLossCarryforwardsValuationAllowance |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 29222000 | monetaryItemType | text: <entity> 29222000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:IncomeTaxExpenseBenefit |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 47.0 | percentItemType | text: <entity> 47.0 </entity> <entity type> percentItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 21660000 | monetaryItemType | text: <entity> 21660000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:IncomeTaxExpenseBenefit |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 10496000 | monetaryItemType | text: <entity> 10496000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:IncomeTaxExpenseBenefit |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 6.0 | percentItemType | text: <entity> 6.0 </entity> <entity type> percentItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 5.3 | percentItemType | text: <entity> 5.3 </entity> <entity type> percentItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 11722000 | monetaryItemType | text: <entity> 11722000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:IncomeTaxExpenseBenefit |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 2168000 | monetaryItemType | text: <entity> 2168000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 13665000 | monetaryItemType | text: <entity> 13665000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:IncomeTaxExpenseBenefit |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 6016000 | monetaryItemType | text: <entity> 6016000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:IncomeTaxExpenseBenefit |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 27910000 | monetaryItemType | text: <entity> 27910000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:IncomeTaxExpenseBenefit |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 10868000 | monetaryItemType | text: <entity> 10868000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:IncomeTaxExpenseBenefit |
For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. | text | 5711000 | monetaryItemType | text: <entity> 5711000 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 29,222,000 of income tax expense based on an effective tax rate of approximately 47.0 %. For the years ended December 31, 2022 and 2021, we recognized $ 21,660,000 of income tax expense and $ 10,496,000 of income tax benefit, based on negative effective tax rates of approximately 6.0 % and 5.3 %, respectively. Income tax (expense) benefit recorded in each of the years primarily relates to our consolidated taxable REIT subsidiaries, and certain state, local, and franchise taxes. The year ended December 31, 2023 included $ 11,722,000 of income tax expense resulting from book to tax differences (primarily straight-line rent adjustments and depreciation) on our investment in The Farley Building and $ 2,168,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2022 included $ 13,665,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 6,016,000 of income tax expense recognized on the sale of 220 CPS condominium units. The year ended December 31, 2021 included $ 27,910,000 of income tax benefit recognized by our taxable REIT subsidiaries, $ 10,868,000 of income tax expense resulting from book to tax differences on our investment in The Farley Building and $ 5,711,000 of income tax expense recognized on the sale of 220 CPS condominium units. The Company has no uncertain tax positions recognized as of December 31, 2023 and 2022. </context> | us-gaap:IncomeTaxExpenseBenefit |
2023 includes the receipt of a $ 21,350 tenant settlement, of which $ 6,405 is attributable to noncontrolling interests. | text | 21350 | monetaryItemType | text: <entity> 21350 </entity> <entity type> monetaryItemType </entity type> <context> 2023 includes the receipt of a $ 21,350 tenant settlement, of which $ 6,405 is attributable to noncontrolling interests. </context> | us-gaap:LossContingencyDamagesAwardedValue |
2023 includes the receipt of a $ 21,350 tenant settlement, of which $ 6,405 is attributable to noncontrolling interests. | text | 6405 | monetaryItemType | text: <entity> 6405 </entity> <entity type> monetaryItemType </entity type> <context> 2023 includes the receipt of a $ 21,350 tenant settlement, of which $ 6,405 is attributable to noncontrolling interests. </context> | us-gaap:LossContingencyDamagesAwardedValue |
We are the general partner and investment manager of Vornado Capital Partners Real Estate Fund (the “Fund”) and own a 25.0 % interest in the Fund. The Fund had an initial eight-year term ending February 2019, which has been extended to December 2024, by which time the Fund intends to dispose of its remaining investment and wind down its business. The Fund's three-year investment period ended in July 2013. The Fund is accounted for under ASC Topic 946, | text | 25.0 | percentItemType | text: <entity> 25.0 </entity> <entity type> percentItemType </entity type> <context> We are the general partner and investment manager of Vornado Capital Partners Real Estate Fund (the “Fund”) and own a 25.0 % interest in the Fund. The Fund had an initial eight-year term ending February 2019, which has been extended to December 2024, by which time the Fund intends to dispose of its remaining investment and wind down its business. The Fund's three-year investment period ended in July 2013. The Fund is accounted for under ASC Topic 946, </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
Prior to its dissolution on September 29, 2023, we were the general partner and investment manager of the Crowne Plaza Times Square Hotel Joint Venture (the “Crowne Plaza Joint Venture”) and owned a 57.1 % interest in the joint venture which, prior to the transaction described below, owned the 24.3 % interest in the Crowne Plaza Times Square Hotel not owned by the Fund. Through our interests in the Fund and the Crowne Plaza Joint Venture, in total we owned an indirect, minority 32.8 % interest in the Crowne Plaza Times Square Hotel. | text | 57.1 | percentItemType | text: <entity> 57.1 </entity> <entity type> percentItemType </entity type> <context> Prior to its dissolution on September 29, 2023, we were the general partner and investment manager of the Crowne Plaza Times Square Hotel Joint Venture (the “Crowne Plaza Joint Venture”) and owned a 57.1 % interest in the joint venture which, prior to the transaction described below, owned the 24.3 % interest in the Crowne Plaza Times Square Hotel not owned by the Fund. Through our interests in the Fund and the Crowne Plaza Joint Venture, in total we owned an indirect, minority 32.8 % interest in the Crowne Plaza Times Square Hotel. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
Prior to its dissolution on September 29, 2023, we were the general partner and investment manager of the Crowne Plaza Times Square Hotel Joint Venture (the “Crowne Plaza Joint Venture”) and owned a 57.1 % interest in the joint venture which, prior to the transaction described below, owned the 24.3 % interest in the Crowne Plaza Times Square Hotel not owned by the Fund. Through our interests in the Fund and the Crowne Plaza Joint Venture, in total we owned an indirect, minority 32.8 % interest in the Crowne Plaza Times Square Hotel. | text | 24.3 | percentItemType | text: <entity> 24.3 </entity> <entity type> percentItemType </entity type> <context> Prior to its dissolution on September 29, 2023, we were the general partner and investment manager of the Crowne Plaza Times Square Hotel Joint Venture (the “Crowne Plaza Joint Venture”) and owned a 57.1 % interest in the joint venture which, prior to the transaction described below, owned the 24.3 % interest in the Crowne Plaza Times Square Hotel not owned by the Fund. Through our interests in the Fund and the Crowne Plaza Joint Venture, in total we owned an indirect, minority 32.8 % interest in the Crowne Plaza Times Square Hotel. </context> | us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners |
Prior to its dissolution on September 29, 2023, we were the general partner and investment manager of the Crowne Plaza Times Square Hotel Joint Venture (the “Crowne Plaza Joint Venture”) and owned a 57.1 % interest in the joint venture which, prior to the transaction described below, owned the 24.3 % interest in the Crowne Plaza Times Square Hotel not owned by the Fund. Through our interests in the Fund and the Crowne Plaza Joint Venture, in total we owned an indirect, minority 32.8 % interest in the Crowne Plaza Times Square Hotel. | text | 32.8 | percentItemType | text: <entity> 32.8 </entity> <entity type> percentItemType </entity type> <context> Prior to its dissolution on September 29, 2023, we were the general partner and investment manager of the Crowne Plaza Times Square Hotel Joint Venture (the “Crowne Plaza Joint Venture”) and owned a 57.1 % interest in the joint venture which, prior to the transaction described below, owned the 24.3 % interest in the Crowne Plaza Times Square Hotel not owned by the Fund. Through our interests in the Fund and the Crowne Plaza Joint Venture, in total we owned an indirect, minority 32.8 % interest in the Crowne Plaza Times Square Hotel. </context> | us-gaap:MinorityInterestOwnershipPercentageByParent |
In June 2020, the Fund and the Crowne Plaza Joint Venture (collectively, the "Crowne Plaza Co-Investors") defaulted on the $ 274,355,000 non-recourse loan on the Crowne Plaza Times Square Hotel. In 2021, the mezzanine lender to the Crowne Plaza Co-Investors exercised its right under the loan documents and appointed an independent director to certain subsidiaries of the Crowne Plaza Co-Investors. Since then, neither we nor the Fund controlled Crowne Plaza Times Square Hotel nor have we or the Fund been involved in making any operating decisions relating to Crowne Plaza Times Square Hotel. In December 2022, the Fund entered into a Restructuring Support Agreement with certain of its subsidiaries and the lender of the loan on the Crowne Plaza Times Square Hotel, pursuant to which the independent director caused the subsidiaries to enter into a Chapter 11 bankruptcy restructuring process and the Fund agreed to work consensually with such subsidiaries and the lender to effectuate a transfer of ownership of the hotel property through a court supervised auction process, or an equitization of the secured loans held by the lender. On March 21, 2023, the bankruptcy court confirmed the subsidiaries' Chapter 11 plan of reorganization, which became effective on March 31, 2023. Following the Chapter 11 reorganization, neither we nor the Fund have any continuing ownership or other interest in the hotel property. As we have no carrying value or contingent liabilities related to Crowne Plaza, there is no impact to our consolidated financial statements for the year ended December 31, 2023. | text | 274355000 | monetaryItemType | text: <entity> 274355000 </entity> <entity type> monetaryItemType </entity type> <context> In June 2020, the Fund and the Crowne Plaza Joint Venture (collectively, the "Crowne Plaza Co-Investors") defaulted on the $ 274,355,000 non-recourse loan on the Crowne Plaza Times Square Hotel. In 2021, the mezzanine lender to the Crowne Plaza Co-Investors exercised its right under the loan documents and appointed an independent director to certain subsidiaries of the Crowne Plaza Co-Investors. Since then, neither we nor the Fund controlled Crowne Plaza Times Square Hotel nor have we or the Fund been involved in making any operating decisions relating to Crowne Plaza Times Square Hotel. In December 2022, the Fund entered into a Restructuring Support Agreement with certain of its subsidiaries and the lender of the loan on the Crowne Plaza Times Square Hotel, pursuant to which the independent director caused the subsidiaries to enter into a Chapter 11 bankruptcy restructuring process and the Fund agreed to work consensually with such subsidiaries and the lender to effectuate a transfer of ownership of the hotel property through a court supervised auction process, or an equitization of the secured loans held by the lender. On March 21, 2023, the bankruptcy court confirmed the subsidiaries' Chapter 11 plan of reorganization, which became effective on March 31, 2023. Following the Chapter 11 reorganization, neither we nor the Fund have any continuing ownership or other interest in the hotel property. As we have no carrying value or contingent liabilities related to Crowne Plaza, there is no impact to our consolidated financial statements for the year ended December 31, 2023. </context> | us-gaap:DebtDefaultLongtermDebtAmount |
As investment manager of the Fund, we are entitled to an incentive allocation after the limited partners have received a preferred return on their invested capital, subject to catch-up and clawback provisions. On December 27, 2023, we made a $ 14,667,000 payment to the limited partners, net of amounts owed to us, representing a clawback of previously paid incentive allocations. | text | 14667000 | monetaryItemType | text: <entity> 14667000 </entity> <entity type> monetaryItemType </entity type> <context> As investment manager of the Fund, we are entitled to an incentive allocation after the limited partners have received a preferred return on their invested capital, subject to catch-up and clawback provisions. On December 27, 2023, we made a $ 14,667,000 payment to the limited partners, net of amounts owed to us, representing a clawback of previously paid incentive allocations. </context> | us-gaap:PaymentForIncentiveFee |
As of December 31, 2023, we own a 51.5 % common interest in a joint venture ("Fifth Avenue and Times Square JV") which owns interests in properties located at 640 Fifth Avenue, 655 Fifth Avenue, 666 Fifth Avenue, 689 Fifth Avenue, 697-703 Fifth Avenue, 1535 Broadway and 1540 Broadway (collectively, the "Properties"). The remaining 48.5 % common interest in the joint venture is owned by a group of institutional investors (the "Investors"). Our 51.5 % common interest in the joint venture represents an effective 51.0 % interest in the Properties. The 48.5 % common interest in the joint venture owned by the Investors represents an effective 47.2 % interest in the Properties. | text | 51.5 | percentItemType | text: <entity> 51.5 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, we own a 51.5 % common interest in a joint venture ("Fifth Avenue and Times Square JV") which owns interests in properties located at 640 Fifth Avenue, 655 Fifth Avenue, 666 Fifth Avenue, 689 Fifth Avenue, 697-703 Fifth Avenue, 1535 Broadway and 1540 Broadway (collectively, the "Properties"). The remaining 48.5 % common interest in the joint venture is owned by a group of institutional investors (the "Investors"). Our 51.5 % common interest in the joint venture represents an effective 51.0 % interest in the Properties. The 48.5 % common interest in the joint venture owned by the Investors represents an effective 47.2 % interest in the Properties. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
As of December 31, 2023, we own a 51.5 % common interest in a joint venture ("Fifth Avenue and Times Square JV") which owns interests in properties located at 640 Fifth Avenue, 655 Fifth Avenue, 666 Fifth Avenue, 689 Fifth Avenue, 697-703 Fifth Avenue, 1535 Broadway and 1540 Broadway (collectively, the "Properties"). The remaining 48.5 % common interest in the joint venture is owned by a group of institutional investors (the "Investors"). Our 51.5 % common interest in the joint venture represents an effective 51.0 % interest in the Properties. The 48.5 % common interest in the joint venture owned by the Investors represents an effective 47.2 % interest in the Properties. | text | 48.5 | percentItemType | text: <entity> 48.5 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, we own a 51.5 % common interest in a joint venture ("Fifth Avenue and Times Square JV") which owns interests in properties located at 640 Fifth Avenue, 655 Fifth Avenue, 666 Fifth Avenue, 689 Fifth Avenue, 697-703 Fifth Avenue, 1535 Broadway and 1540 Broadway (collectively, the "Properties"). The remaining 48.5 % common interest in the joint venture is owned by a group of institutional investors (the "Investors"). Our 51.5 % common interest in the joint venture represents an effective 51.0 % interest in the Properties. The 48.5 % common interest in the joint venture owned by the Investors represents an effective 47.2 % interest in the Properties. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
We also own $ 1.828 billion aggregate liquidation preference of preferred equity interests in certain of the Properties. The preferred equity has an annual coupon of 4.25 % through April 2024, increasing to 4.75 % for the subsequent five years and thereafter at a formulaic rate. It can be redeemed under certain conditions on a tax deferred basis. | text | 1.828 | monetaryItemType | text: <entity> 1.828 </entity> <entity type> monetaryItemType </entity type> <context> We also own $ 1.828 billion aggregate liquidation preference of preferred equity interests in certain of the Properties. The preferred equity has an annual coupon of 4.25 % through April 2024, increasing to 4.75 % for the subsequent five years and thereafter at a formulaic rate. It can be redeemed under certain conditions on a tax deferred basis. </context> | us-gaap:RealEstateInvestmentsJointVentures |
We also own $ 1.828 billion aggregate liquidation preference of preferred equity interests in certain of the Properties. The preferred equity has an annual coupon of 4.25 % through April 2024, increasing to 4.75 % for the subsequent five years and thereafter at a formulaic rate. It can be redeemed under certain conditions on a tax deferred basis. | text | 4.25 | percentItemType | text: <entity> 4.25 </entity> <entity type> percentItemType </entity type> <context> We also own $ 1.828 billion aggregate liquidation preference of preferred equity interests in certain of the Properties. The preferred equity has an annual coupon of 4.25 % through April 2024, increasing to 4.75 % for the subsequent five years and thereafter at a formulaic rate. It can be redeemed under certain conditions on a tax deferred basis. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
We also own $ 1.828 billion aggregate liquidation preference of preferred equity interests in certain of the Properties. The preferred equity has an annual coupon of 4.25 % through April 2024, increasing to 4.75 % for the subsequent five years and thereafter at a formulaic rate. It can be redeemed under certain conditions on a tax deferred basis. | text | 4.75 | percentItemType | text: <entity> 4.75 </entity> <entity type> percentItemType </entity type> <context> We also own $ 1.828 billion aggregate liquidation preference of preferred equity interests in certain of the Properties. The preferred equity has an annual coupon of 4.25 % through April 2024, increasing to 4.75 % for the subsequent five years and thereafter at a formulaic rate. It can be redeemed under certain conditions on a tax deferred basis. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
We receive an annual fee for managing the Properties equal to 2 % of the gross revenues from the Properties. In addition, we are entitled to a development fee of 5 % of development costs, plus reimbursement of certain costs, for development projects performed by us. We are entitled to 1.5 % of development costs, plus reimbursement of certain costs, as a supervisory fee for development projects not performed by us. We provide leasing services for fees calculated based on a percentage of rents, less any commissions paid to third-party real estate brokers, if applicable. We jointly provide leasing services for the retail space with Crown Retail Services LLC, and exclusively provide leasing services for the office space. We recognized property management fee income, included in "fee and other income" on our consolidated statements of income, of $ 4,587,000 , $ 4,397,000 and $ 4,297,000 for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 4587000 | monetaryItemType | text: <entity> 4587000 </entity> <entity type> monetaryItemType </entity type> <context> We receive an annual fee for managing the Properties equal to 2 % of the gross revenues from the Properties. In addition, we are entitled to a development fee of 5 % of development costs, plus reimbursement of certain costs, for development projects performed by us. We are entitled to 1.5 % of development costs, plus reimbursement of certain costs, as a supervisory fee for development projects not performed by us. We provide leasing services for fees calculated based on a percentage of rents, less any commissions paid to third-party real estate brokers, if applicable. We jointly provide leasing services for the retail space with Crown Retail Services LLC, and exclusively provide leasing services for the office space. We recognized property management fee income, included in "fee and other income" on our consolidated statements of income, of $ 4,587,000 , $ 4,397,000 and $ 4,297,000 for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:PropertyManagementFeeRevenue |
We receive an annual fee for managing the Properties equal to 2 % of the gross revenues from the Properties. In addition, we are entitled to a development fee of 5 % of development costs, plus reimbursement of certain costs, for development projects performed by us. We are entitled to 1.5 % of development costs, plus reimbursement of certain costs, as a supervisory fee for development projects not performed by us. We provide leasing services for fees calculated based on a percentage of rents, less any commissions paid to third-party real estate brokers, if applicable. We jointly provide leasing services for the retail space with Crown Retail Services LLC, and exclusively provide leasing services for the office space. We recognized property management fee income, included in "fee and other income" on our consolidated statements of income, of $ 4,587,000 , $ 4,397,000 and $ 4,297,000 for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 4397000 | monetaryItemType | text: <entity> 4397000 </entity> <entity type> monetaryItemType </entity type> <context> We receive an annual fee for managing the Properties equal to 2 % of the gross revenues from the Properties. In addition, we are entitled to a development fee of 5 % of development costs, plus reimbursement of certain costs, for development projects performed by us. We are entitled to 1.5 % of development costs, plus reimbursement of certain costs, as a supervisory fee for development projects not performed by us. We provide leasing services for fees calculated based on a percentage of rents, less any commissions paid to third-party real estate brokers, if applicable. We jointly provide leasing services for the retail space with Crown Retail Services LLC, and exclusively provide leasing services for the office space. We recognized property management fee income, included in "fee and other income" on our consolidated statements of income, of $ 4,587,000 , $ 4,397,000 and $ 4,297,000 for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:PropertyManagementFeeRevenue |
We receive an annual fee for managing the Properties equal to 2 % of the gross revenues from the Properties. In addition, we are entitled to a development fee of 5 % of development costs, plus reimbursement of certain costs, for development projects performed by us. We are entitled to 1.5 % of development costs, plus reimbursement of certain costs, as a supervisory fee for development projects not performed by us. We provide leasing services for fees calculated based on a percentage of rents, less any commissions paid to third-party real estate brokers, if applicable. We jointly provide leasing services for the retail space with Crown Retail Services LLC, and exclusively provide leasing services for the office space. We recognized property management fee income, included in "fee and other income" on our consolidated statements of income, of $ 4,587,000 , $ 4,397,000 and $ 4,297,000 for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 4297000 | monetaryItemType | text: <entity> 4297000 </entity> <entity type> monetaryItemType </entity type> <context> We receive an annual fee for managing the Properties equal to 2 % of the gross revenues from the Properties. In addition, we are entitled to a development fee of 5 % of development costs, plus reimbursement of certain costs, for development projects performed by us. We are entitled to 1.5 % of development costs, plus reimbursement of certain costs, as a supervisory fee for development projects not performed by us. We provide leasing services for fees calculated based on a percentage of rents, less any commissions paid to third-party real estate brokers, if applicable. We jointly provide leasing services for the retail space with Crown Retail Services LLC, and exclusively provide leasing services for the office space. We recognized property management fee income, included in "fee and other income" on our consolidated statements of income, of $ 4,587,000 , $ 4,397,000 and $ 4,297,000 for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:PropertyManagementFeeRevenue |
Wholly owned subsidiaries of Vornado provide cleaning, security and engineering services at certain Properties. We recognized income for these services, included in "fee and other income" on our consolidated statements of income, of $ 4,499,000 , $ 4,571,000 and $ 3,993,000 for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 4499000 | monetaryItemType | text: <entity> 4499000 </entity> <entity type> monetaryItemType </entity type> <context> Wholly owned subsidiaries of Vornado provide cleaning, security and engineering services at certain Properties. We recognized income for these services, included in "fee and other income" on our consolidated statements of income, of $ 4,499,000 , $ 4,571,000 and $ 3,993,000 for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:Revenues |
Wholly owned subsidiaries of Vornado provide cleaning, security and engineering services at certain Properties. We recognized income for these services, included in "fee and other income" on our consolidated statements of income, of $ 4,499,000 , $ 4,571,000 and $ 3,993,000 for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 4571000 | monetaryItemType | text: <entity> 4571000 </entity> <entity type> monetaryItemType </entity type> <context> Wholly owned subsidiaries of Vornado provide cleaning, security and engineering services at certain Properties. We recognized income for these services, included in "fee and other income" on our consolidated statements of income, of $ 4,499,000 , $ 4,571,000 and $ 3,993,000 for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:Revenues |
Wholly owned subsidiaries of Vornado provide cleaning, security and engineering services at certain Properties. We recognized income for these services, included in "fee and other income" on our consolidated statements of income, of $ 4,499,000 , $ 4,571,000 and $ 3,993,000 for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 3993000 | monetaryItemType | text: <entity> 3993000 </entity> <entity type> monetaryItemType </entity type> <context> Wholly owned subsidiaries of Vornado provide cleaning, security and engineering services at certain Properties. We recognized income for these services, included in "fee and other income" on our consolidated statements of income, of $ 4,499,000 , $ 4,571,000 and $ 3,993,000 for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:Revenues |
On June 14, 2023, the Fifth Avenue and Times Square JV completed a restructuring of the 697-703 Fifth Avenue $ 421,000,000 non-recourse mortgage loan, which matured in December 2022. The restructured $ 355,000,000 loan, which had its principal reduced through an application of property-level reserves and funds from the partners, was split into (i) a $ 325,000,000 senior note, which bears interest at SOFR plus 2.00 %, and (ii) a $ 30,000,000 junior note, which accrues interest at a fixed rate of 4.00 %. The restructured loan matures in June 2025, with two one-year and one nine-month as-of-right extension options (March 2028, as fully extended). Any amounts funded for future re-leasing of the property will be senior to the $ 30,000,000 junior note. | text | 421000000 | monetaryItemType | text: <entity> 421000000 </entity> <entity type> monetaryItemType </entity type> <context> On June 14, 2023, the Fifth Avenue and Times Square JV completed a restructuring of the 697-703 Fifth Avenue $ 421,000,000 non-recourse mortgage loan, which matured in December 2022. The restructured $ 355,000,000 loan, which had its principal reduced through an application of property-level reserves and funds from the partners, was split into (i) a $ 325,000,000 senior note, which bears interest at SOFR plus 2.00 %, and (ii) a $ 30,000,000 junior note, which accrues interest at a fixed rate of 4.00 %. The restructured loan matures in June 2025, with two one-year and one nine-month as-of-right extension options (March 2028, as fully extended). Any amounts funded for future re-leasing of the property will be senior to the $ 30,000,000 junior note. </context> | us-gaap:InvestmentOwnedBalancePrincipalAmount |
On June 14, 2023, the Fifth Avenue and Times Square JV completed a restructuring of the 697-703 Fifth Avenue $ 421,000,000 non-recourse mortgage loan, which matured in December 2022. The restructured $ 355,000,000 loan, which had its principal reduced through an application of property-level reserves and funds from the partners, was split into (i) a $ 325,000,000 senior note, which bears interest at SOFR plus 2.00 %, and (ii) a $ 30,000,000 junior note, which accrues interest at a fixed rate of 4.00 %. The restructured loan matures in June 2025, with two one-year and one nine-month as-of-right extension options (March 2028, as fully extended). Any amounts funded for future re-leasing of the property will be senior to the $ 30,000,000 junior note. | text | 2.00 | percentItemType | text: <entity> 2.00 </entity> <entity type> percentItemType </entity type> <context> On June 14, 2023, the Fifth Avenue and Times Square JV completed a restructuring of the 697-703 Fifth Avenue $ 421,000,000 non-recourse mortgage loan, which matured in December 2022. The restructured $ 355,000,000 loan, which had its principal reduced through an application of property-level reserves and funds from the partners, was split into (i) a $ 325,000,000 senior note, which bears interest at SOFR plus 2.00 %, and (ii) a $ 30,000,000 junior note, which accrues interest at a fixed rate of 4.00 %. The restructured loan matures in June 2025, with two one-year and one nine-month as-of-right extension options (March 2028, as fully extended). Any amounts funded for future re-leasing of the property will be senior to the $ 30,000,000 junior note. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On June 14, 2023, the Fifth Avenue and Times Square JV completed a restructuring of the 697-703 Fifth Avenue $ 421,000,000 non-recourse mortgage loan, which matured in December 2022. The restructured $ 355,000,000 loan, which had its principal reduced through an application of property-level reserves and funds from the partners, was split into (i) a $ 325,000,000 senior note, which bears interest at SOFR plus 2.00 %, and (ii) a $ 30,000,000 junior note, which accrues interest at a fixed rate of 4.00 %. The restructured loan matures in June 2025, with two one-year and one nine-month as-of-right extension options (March 2028, as fully extended). Any amounts funded for future re-leasing of the property will be senior to the $ 30,000,000 junior note. | text | 4.00 | percentItemType | text: <entity> 4.00 </entity> <entity type> percentItemType </entity type> <context> On June 14, 2023, the Fifth Avenue and Times Square JV completed a restructuring of the 697-703 Fifth Avenue $ 421,000,000 non-recourse mortgage loan, which matured in December 2022. The restructured $ 355,000,000 loan, which had its principal reduced through an application of property-level reserves and funds from the partners, was split into (i) a $ 325,000,000 senior note, which bears interest at SOFR plus 2.00 %, and (ii) a $ 30,000,000 junior note, which accrues interest at a fixed rate of 4.00 %. The restructured loan matures in June 2025, with two one-year and one nine-month as-of-right extension options (March 2028, as fully extended). Any amounts funded for future re-leasing of the property will be senior to the $ 30,000,000 junior note. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
As of December 31, 2023, we own 1,654,068 Alexander’s common shares, or approximately 32.4 % of Alexander’s common equity. We manage, develop and lease Alexander’s properties pursuant to agreements which expire in March of each year and are automatically renewable. As of December 31, 2023 and 2022, Alexander’s owed us an aggregate of $ 715,000 and $ 801,000 , respectively, pursuant to such agreements. | text | 1654068 | sharesItemType | text: <entity> 1654068 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2023, we own 1,654,068 Alexander’s common shares, or approximately 32.4 % of Alexander’s common equity. We manage, develop and lease Alexander’s properties pursuant to agreements which expire in March of each year and are automatically renewable. As of December 31, 2023 and 2022, Alexander’s owed us an aggregate of $ 715,000 and $ 801,000 , respectively, pursuant to such agreements. </context> | us-gaap:InvestmentOwnedBalanceShares |
As of December 31, 2023, we own 1,654,068 Alexander’s common shares, or approximately 32.4 % of Alexander’s common equity. We manage, develop and lease Alexander’s properties pursuant to agreements which expire in March of each year and are automatically renewable. As of December 31, 2023 and 2022, Alexander’s owed us an aggregate of $ 715,000 and $ 801,000 , respectively, pursuant to such agreements. | text | 32.4 | percentItemType | text: <entity> 32.4 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2023, we own 1,654,068 Alexander’s common shares, or approximately 32.4 % of Alexander’s common equity. We manage, develop and lease Alexander’s properties pursuant to agreements which expire in March of each year and are automatically renewable. As of December 31, 2023 and 2022, Alexander’s owed us an aggregate of $ 715,000 and $ 801,000 , respectively, pursuant to such agreements. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
As of December 31, 2023, we own 1,654,068 Alexander’s common shares, or approximately 32.4 % of Alexander’s common equity. We manage, develop and lease Alexander’s properties pursuant to agreements which expire in March of each year and are automatically renewable. As of December 31, 2023 and 2022, Alexander’s owed us an aggregate of $ 715,000 and $ 801,000 , respectively, pursuant to such agreements. | text | 715000 | monetaryItemType | text: <entity> 715000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, we own 1,654,068 Alexander’s common shares, or approximately 32.4 % of Alexander’s common equity. We manage, develop and lease Alexander’s properties pursuant to agreements which expire in March of each year and are automatically renewable. As of December 31, 2023 and 2022, Alexander’s owed us an aggregate of $ 715,000 and $ 801,000 , respectively, pursuant to such agreements. </context> | us-gaap:AccountsReceivableNet |
As of December 31, 2023, we own 1,654,068 Alexander’s common shares, or approximately 32.4 % of Alexander’s common equity. We manage, develop and lease Alexander’s properties pursuant to agreements which expire in March of each year and are automatically renewable. As of December 31, 2023 and 2022, Alexander’s owed us an aggregate of $ 715,000 and $ 801,000 , respectively, pursuant to such agreements. | text | 801000 | monetaryItemType | text: <entity> 801000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, we own 1,654,068 Alexander’s common shares, or approximately 32.4 % of Alexander’s common equity. We manage, develop and lease Alexander’s properties pursuant to agreements which expire in March of each year and are automatically renewable. As of December 31, 2023 and 2022, Alexander’s owed us an aggregate of $ 715,000 and $ 801,000 , respectively, pursuant to such agreements. </context> | us-gaap:AccountsReceivableNet |
("ASC 820")) of our investment in Alexander’s, based on Alexander’s December 31, 2023 closing share price of $ 213.57 , was $ 353,259,000 , or $ 265,749,000 in excess of the carrying amount on our consolidated balance sheet. As of December 31, 2023, 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 $ 29,524,000 . 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. | text | 213.57 | perShareItemType | text: <entity> 213.57 </entity> <entity type> perShareItemType </entity type> <context> ("ASC 820")) of our investment in Alexander’s, based on Alexander’s December 31, 2023 closing share price of $ 213.57 , was $ 353,259,000 , or $ 265,749,000 in excess of the carrying amount on our consolidated balance sheet. As of December 31, 2023, 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 $ 29,524,000 . 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. </context> | us-gaap:SaleOfStockPricePerShare |
("ASC 820")) of our investment in Alexander’s, based on Alexander’s December 31, 2023 closing share price of $ 213.57 , was $ 353,259,000 , or $ 265,749,000 in excess of the carrying amount on our consolidated balance sheet. As of December 31, 2023, 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 $ 29,524,000 . 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. | text | 353259000 | monetaryItemType | text: <entity> 353259000 </entity> <entity type> monetaryItemType </entity type> <context> ("ASC 820")) of our investment in Alexander’s, based on Alexander’s December 31, 2023 closing share price of $ 213.57 , was $ 353,259,000 , or $ 265,749,000 in excess of the carrying amount on our consolidated balance sheet. As of December 31, 2023, 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 $ 29,524,000 . 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. </context> | us-gaap:EquityMethodInvestmentQuotedMarketValue |
("ASC 820")) of our investment in Alexander’s, based on Alexander’s December 31, 2023 closing share price of $ 213.57 , was $ 353,259,000 , or $ 265,749,000 in excess of the carrying amount on our consolidated balance sheet. As of December 31, 2023, 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 $ 29,524,000 . 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. | text | 29524000 | monetaryItemType | text: <entity> 29524000 </entity> <entity type> monetaryItemType </entity type> <context> ("ASC 820")) of our investment in Alexander’s, based on Alexander’s December 31, 2023 closing share price of $ 213.57 , was $ 353,259,000 , or $ 265,749,000 in excess of the carrying amount on our consolidated balance sheet. As of December 31, 2023, 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 $ 29,524,000 . 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. </context> | us-gaap:EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity |
On May 19, 2023, Alexander's completed the sale of the Rego Park III land parcel, located in Queens, New York, for $ 71,060,000 , inclusive of consideration for Brownfield tax benefits and reimbursement of costs for plans, specifications and improvements to date. As a result of the sale, we recognized our $ 16,396,000 share of the net gain and received a $ 711,000 sales commission from Alexander’s, of which $ 250,000 was paid to a third-party broker. | text | 16396000 | monetaryItemType | text: <entity> 16396000 </entity> <entity type> monetaryItemType </entity type> <context> On May 19, 2023, Alexander's completed the sale of the Rego Park III land parcel, located in Queens, New York, for $ 71,060,000 , inclusive of consideration for Brownfield tax benefits and reimbursement of costs for plans, specifications and improvements to date. As a result of the sale, we recognized our $ 16,396,000 share of the net gain and received a $ 711,000 sales commission from Alexander’s, of which $ 250,000 was paid to a third-party broker. </context> | us-gaap:GainsLossesOnSalesOfInvestmentRealEstate |
On May 19, 2023, Alexander's completed the sale of the Rego Park III land parcel, located in Queens, New York, for $ 71,060,000 , inclusive of consideration for Brownfield tax benefits and reimbursement of costs for plans, specifications and improvements to date. As a result of the sale, we recognized our $ 16,396,000 share of the net gain and received a $ 711,000 sales commission from Alexander’s, of which $ 250,000 was paid to a third-party broker. | text | 711000 | monetaryItemType | text: <entity> 711000 </entity> <entity type> monetaryItemType </entity type> <context> On May 19, 2023, Alexander's completed the sale of the Rego Park III land parcel, located in Queens, New York, for $ 71,060,000 , inclusive of consideration for Brownfield tax benefits and reimbursement of costs for plans, specifications and improvements to date. As a result of the sale, we recognized our $ 16,396,000 share of the net gain and received a $ 711,000 sales commission from Alexander’s, of which $ 250,000 was paid to a third-party broker. </context> | us-gaap:ProceedsFromCommissionsReceived |
On May 19, 2023, Alexander's completed the sale of the Rego Park III land parcel, located in Queens, New York, for $ 71,060,000 , inclusive of consideration for Brownfield tax benefits and reimbursement of costs for plans, specifications and improvements to date. As a result of the sale, we recognized our $ 16,396,000 share of the net gain and received a $ 711,000 sales commission from Alexander’s, of which $ 250,000 was paid to a third-party broker. | text | 250000 | monetaryItemType | text: <entity> 250000 </entity> <entity type> monetaryItemType </entity type> <context> On May 19, 2023, Alexander's completed the sale of the Rego Park III land parcel, located in Queens, New York, for $ 71,060,000 , inclusive of consideration for Brownfield tax benefits and reimbursement of costs for plans, specifications and improvements to date. As a result of the sale, we recognized our $ 16,396,000 share of the net gain and received a $ 711,000 sales commission from Alexander’s, of which $ 250,000 was paid to a third-party broker. </context> | us-gaap:SalesCommissionsAndFees |
On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. | text | 55 | percentItemType | text: <entity> 55 </entity> <entity type> percentItemType </entity type> <context> On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. | text | 129250000 | monetaryItemType | text: <entity> 129250000 </entity> <entity type> monetaryItemType </entity type> <context> On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. </context> | us-gaap:LoansPayable |
On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. | text | 2.00 | percentItemType | text: <entity> 2.00 </entity> <entity type> percentItemType </entity type> <context> On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. | text | 2.35 | percentItemType | text: <entity> 2.35 </entity> <entity type> percentItemType </entity type> <context> On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. | text | 137124000 | monetaryItemType | text: <entity> 137124000 </entity> <entity type> monetaryItemType </entity type> <context> On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. </context> | us-gaap:LoansPayable |
On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. | text | 1.85 | percentItemType | text: <entity> 1.85 </entity> <entity type> percentItemType </entity type> <context> On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. | text | 4.50 | percentItemType | text: <entity> 4.50 </entity> <entity type> percentItemType </entity type> <context> On June 28, 2023, a joint venture, in which we have a 55 % interest, completed a $ 129,250,000 refinancing of 512 West 22nd Street, a 173,000 square foot Manhattan office building. The interest-only loan bears a rate of SOFR plus 2.00 % in year one and SOFR plus 2.35 % thereafter. The loan matures in June 2025 with a one-year extension option subject to debt service coverage ratio, loan-to-value and debt yield requirements. The loan replaces the previous $ 137,124,000 loan that bore interest at LIBOR plus 1.85 % and had an initial maturity of June 2023. In addition, the joint venture entered into a two-year 4.50 % interest rate cap arrangement. </context> | us-gaap:DerivativeCapInterestRate |
On July 24, 2023, a joint venture, in which we have a 50 % interest, completed a $ 54,000,000 refinancing of the office condominium of 825 Seventh Avenue, a 173,000 square foot Manhattan office and retail building. The interest-only loan bears a rate of SOFR plus 2.75 %, with a 30 basis point reduction available upon satisfaction of certain leasing conditions, and matures in January 2026. The loan replaces the previous $ 60,000,000 loan that bore interest at LIBOR plus 2.35 % and was scheduled to mature in July 2023. | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> On July 24, 2023, a joint venture, in which we have a 50 % interest, completed a $ 54,000,000 refinancing of the office condominium of 825 Seventh Avenue, a 173,000 square foot Manhattan office and retail building. The interest-only loan bears a rate of SOFR plus 2.75 %, with a 30 basis point reduction available upon satisfaction of certain leasing conditions, and matures in January 2026. The loan replaces the previous $ 60,000,000 loan that bore interest at LIBOR plus 2.35 % and was scheduled to mature in July 2023. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On July 24, 2023, a joint venture, in which we have a 50 % interest, completed a $ 54,000,000 refinancing of the office condominium of 825 Seventh Avenue, a 173,000 square foot Manhattan office and retail building. The interest-only loan bears a rate of SOFR plus 2.75 %, with a 30 basis point reduction available upon satisfaction of certain leasing conditions, and matures in January 2026. The loan replaces the previous $ 60,000,000 loan that bore interest at LIBOR plus 2.35 % and was scheduled to mature in July 2023. | text | 54000000 | monetaryItemType | text: <entity> 54000000 </entity> <entity type> monetaryItemType </entity type> <context> On July 24, 2023, a joint venture, in which we have a 50 % interest, completed a $ 54,000,000 refinancing of the office condominium of 825 Seventh Avenue, a 173,000 square foot Manhattan office and retail building. The interest-only loan bears a rate of SOFR plus 2.75 %, with a 30 basis point reduction available upon satisfaction of certain leasing conditions, and matures in January 2026. The loan replaces the previous $ 60,000,000 loan that bore interest at LIBOR plus 2.35 % and was scheduled to mature in July 2023. </context> | us-gaap:LoansPayable |
On July 24, 2023, a joint venture, in which we have a 50 % interest, completed a $ 54,000,000 refinancing of the office condominium of 825 Seventh Avenue, a 173,000 square foot Manhattan office and retail building. The interest-only loan bears a rate of SOFR plus 2.75 %, with a 30 basis point reduction available upon satisfaction of certain leasing conditions, and matures in January 2026. The loan replaces the previous $ 60,000,000 loan that bore interest at LIBOR plus 2.35 % and was scheduled to mature in July 2023. | text | 2.75 | percentItemType | text: <entity> 2.75 </entity> <entity type> percentItemType </entity type> <context> On July 24, 2023, a joint venture, in which we have a 50 % interest, completed a $ 54,000,000 refinancing of the office condominium of 825 Seventh Avenue, a 173,000 square foot Manhattan office and retail building. The interest-only loan bears a rate of SOFR plus 2.75 %, with a 30 basis point reduction available upon satisfaction of certain leasing conditions, and matures in January 2026. The loan replaces the previous $ 60,000,000 loan that bore interest at LIBOR plus 2.35 % and was scheduled to mature in July 2023. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
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