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Real Estate Fund Investments (Tables)
9 Months Ended
Sep. 30, 2019
Real Estate Fund Investments [Abstract]  
Schedule Of Income And Loss From The Fund Below is a summary of income (loss) from the Fund and the Crowne Plaza Joint Venture for the three and nine months ended September 30, 2019 and 2018.
(Amounts in thousands)
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
 
Net investment income
$
2,190

 
$
3,093

 
$
2,382

 
$
6,366

 
Net unrealized loss on held investments

 
(3,283
)
 
(16,162
)
 
(32,796
)
 
Net realized loss on exited investments

 

 

 
(913
)
 
New York City real property transfer tax (the "Transfer Tax")

 

 

 
(10,630
)
(1) 
Income (loss) from real estate fund investments
2,190

 
(190
)
 
(13,780
)
 
(37,973
)
 
Less (income) loss attributable to noncontrolling interests in consolidated subsidiaries
(735
)
 
(558
)
 
(8,427
)
 
34,338

 
Income (loss) from real estate fund investments attributable to the Operating Partnership
1,455

 
(748
)
 
(22,207
)
 
(3,635
)
 
Less (income) loss attributable to noncontrolling interests in the Operating Partnership
(95
)
 
46

 
1,403

 
224

 
Income (loss) from real estate fund investments attributable to Vornado
$
1,360

 
$
(702
)
 
$
(20,804
)
 
$
(3,411
)
 
____________________
(1)
Due to the disputed additional Transfer Tax related to the March 2011 acquisition of One Park Avenue which was recorded as a result of the New York City Tax Appeals Tribunal (the "Tax Tribunal") decision in the first quarter of 2018. We appealed the Tax Tribunal's decision to the New York State Supreme Court, Appellate Division, First Department ("Appellate Division"). Our appeal was heard on April 2, 2019, and on April 25, 2019 the Appellate Division entered a unanimous decision and order that confirmed the decision of the Tax Tribunal and dismissed our appeal. On June 20, 2019, we filed a motion to reargue the Appellate Division's decision with the appellate court.