XML 70 R59.htm IDEA: XBRL DOCUMENT v3.22.2
New Valley LLC - Investment in Real Estate Ventures (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
venture
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
venture
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Schedule of Investments [Line Items]          
Investments in real estate ventures $ 108,864,000   $ 108,864,000   $ 105,062,000
Contributions to real estate ventures     10,456,000 $ 9,902,000  
Return of capital     3,641,000 11,163,000  
Equity in (losses) earnings from real estate ventures (460,000) $ 16,610,000 (2,337,000) 18,199,000  
Identifiable assets 994,604,000   994,604,000   871,087,000
Recourse liabilities $ 1,825,516,000   $ 1,825,516,000   1,712,640,000
Minimum          
Schedule of Investments [Line Items]          
Range of ownership 6.13%   6.13%    
Maximum          
Schedule of Investments [Line Items]          
Range of ownership 37.70%   37.70%    
VIE | New Valley | New Valley LLC          
Schedule of Investments [Line Items]          
Investments in real estate ventures $ 108,864,000   $ 108,864,000   105,062,000
Contributions to real estate ventures     10,456,000 9,902,000  
Distributions from real estate ventures     6,367,000 34,718,000  
Distributions of earnings     2,726,000 23,555,000  
Return of capital     3,641,000 11,163,000  
Equity in (losses) earnings from real estate ventures (460,000) 16,610,000 (2,337,000) 18,199,000  
Total maximum exposure to loss $ 108,864,000   $ 108,864,000    
Number of real estate ventures | venture 1   1    
Identifiable assets $ 0   $ 0   0
Interest costs capitalized 1,028,000 592,000 2,051,000 1,022,000  
VIE | New Valley | New Valley LLC | Recourse          
Schedule of Investments [Line Items]          
Recourse liabilities 0   0   0
VIE | New Valley | New Valley LLC | Condominium and Mixed Use Development:          
Schedule of Investments [Line Items]          
Investments in real estate ventures 80,206,000   80,206,000   80,139,000
Contributions to real estate ventures     2,180,000 7,057,000  
Distributions from real estate ventures     1,032,000 16,932,000  
Equity in (losses) earnings from real estate ventures (1,434,000) 6,348,000 (3,132,000) 4,802,000  
Total maximum exposure to loss 80,206,000   80,206,000    
VIE | New Valley | New Valley LLC | Condominium and Mixed Use Development: | New York City SMSA          
Schedule of Investments [Line Items]          
Investments in real estate ventures 20,147,000   20,147,000   22,654,000
Contributions to real estate ventures     498,000 396,000  
Distributions from real estate ventures     1,032,000 3,338,000  
Equity in (losses) earnings from real estate ventures (955,000) (967,000) (2,171,000) (2,472,000)  
Total maximum exposure to loss $ 20,147,000   $ 20,147,000    
VIE | New Valley | New Valley LLC | Condominium and Mixed Use Development: | New York City SMSA | Minimum          
Schedule of Investments [Line Items]          
Range of ownership 4.20%   4.20%    
VIE | New Valley | New Valley LLC | Condominium and Mixed Use Development: | New York City SMSA | Maximum          
Schedule of Investments [Line Items]          
Range of ownership 37.00%   37.00%    
VIE | New Valley | New Valley LLC | Condominium and Mixed Use Development: | All other U.S. areas          
Schedule of Investments [Line Items]          
Investments in real estate ventures $ 60,059,000   $ 60,059,000   57,485,000
Contributions to real estate ventures     1,682,000 6,661,000  
Distributions from real estate ventures     0 13,594,000  
Equity in (losses) earnings from real estate ventures (479,000) 7,315,000 (961,000) 7,274,000  
Total maximum exposure to loss $ 60,059,000   $ 60,059,000    
VIE | New Valley | New Valley LLC | Condominium and Mixed Use Development: | All other U.S. areas | Minimum          
Schedule of Investments [Line Items]          
Range of ownership 12.50%   12.50%    
VIE | New Valley | New Valley LLC | Condominium and Mixed Use Development: | All other U.S. areas | Maximum          
Schedule of Investments [Line Items]          
Range of ownership 89.10%   89.10%    
VIE | New Valley | New Valley LLC | Apartment Buildings:          
Schedule of Investments [Line Items]          
Investments in real estate ventures $ 10,576,000   $ 10,576,000   11,900,000
Distributions from real estate ventures     400,000 17,567,000  
Equity in (losses) earnings from real estate ventures (615,000) 12,959,000 (924,000) 17,567,000  
Total maximum exposure to loss $ 10,576,000   $ 10,576,000    
VIE | New Valley | New Valley LLC | Apartment Buildings: | All other U.S. areas          
Schedule of Investments [Line Items]          
Range of ownership 50.00%   50.00%    
Investments in real estate ventures $ 10,576,000   $ 10,576,000   11,900,000
Distributions from real estate ventures     400,000 17,567,000  
Equity in (losses) earnings from real estate ventures (615,000) 12,959,000 (924,000) 17,567,000  
Total maximum exposure to loss 10,576,000   10,576,000    
VIE | New Valley | New Valley LLC | Hotels:          
Schedule of Investments [Line Items]          
Investments in real estate ventures 2,315,000   2,315,000   3,157,000
Contributions to real estate ventures     206,000 1,246,000  
Equity in (losses) earnings from real estate ventures (290,000) (409,000) (1,047,000) (1,377,000)  
Total maximum exposure to loss 2,315,000   2,315,000    
VIE | New Valley | New Valley LLC | Hotels: | New York City SMSA          
Schedule of Investments [Line Items]          
Investments in real estate ventures 1,098,000   1,098,000   1,635,000
Contributions to real estate ventures     206,000 1,246,000  
Equity in (losses) earnings from real estate ventures (248,000) (386,000) (742,000) (848,000)  
Total maximum exposure to loss $ 1,098,000   $ 1,098,000    
VIE | New Valley | New Valley LLC | Hotels: | New York City SMSA | Minimum          
Schedule of Investments [Line Items]          
Range of ownership 0.40%   0.40%    
VIE | New Valley | New Valley LLC | Hotels: | New York City SMSA | Maximum          
Schedule of Investments [Line Items]          
Range of ownership 12.30%   12.30%    
VIE | New Valley | New Valley LLC | Hotels: | International          
Schedule of Investments [Line Items]          
Range of ownership 49.00%   49.00%    
Investments in real estate ventures $ 1,217,000   $ 1,217,000   1,522,000
Equity in (losses) earnings from real estate ventures (42,000) (23,000) (305,000) (529,000)  
Total maximum exposure to loss 1,217,000   1,217,000    
VIE | New Valley | New Valley LLC | Commercial:          
Schedule of Investments [Line Items]          
Investments in real estate ventures 15,400,000   15,400,000   7,290,000
Contributions to real estate ventures     8,070,000 0  
Distributions from real estate ventures     476,000 219,000  
Equity in (losses) earnings from real estate ventures 144,000 (2,533,000) 516,000 (2,318,000)  
Total maximum exposure to loss $ 15,400,000   $ 15,400,000    
VIE | New Valley | New Valley LLC | Commercial: | New York City SMSA          
Schedule of Investments [Line Items]          
Range of ownership 49.00%   49.00%    
Investments in real estate ventures $ 7,912,000   $ 7,912,000   0
Contributions to real estate ventures     8,070,000 0  
Equity in (losses) earnings from real estate ventures (158,000) (2,713,000) (158,000) (2,591,000)  
Total maximum exposure to loss $ 7,912,000   $ 7,912,000    
VIE | New Valley | New Valley LLC | Commercial: | All other U.S. areas          
Schedule of Investments [Line Items]          
Range of ownership 1.60%   1.60%    
Investments in real estate ventures $ 7,488,000   $ 7,488,000   7,290,000
Distributions from real estate ventures     476,000 219,000  
Equity in (losses) earnings from real estate ventures 302,000 180,000 674,000 273,000  
Total maximum exposure to loss 7,488,000   7,488,000    
VIE | New Valley | New Valley LLC | Other:          
Schedule of Investments [Line Items]          
Investments in real estate ventures 367,000   367,000   $ 2,576,000
Contributions to real estate ventures     0 1,599,000  
Distributions from real estate ventures     4,459,000 0  
Equity in (losses) earnings from real estate ventures 1,735,000 $ 245,000 2,250,000 $ (475,000)  
Total maximum exposure to loss $ 367,000   $ 367,000    
VIE | New Valley | New Valley LLC | Other: | Minimum          
Schedule of Investments [Line Items]          
Range of ownership 15.00%   15.00%    
VIE | New Valley | New Valley LLC | Other: | Maximum          
Schedule of Investments [Line Items]          
Range of ownership 49.00%   49.00%    
Variable Interest Entity, Not Primary Beneficiary | New Valley | Equity Method Investee | Nash Square Upstream JV LLC          
Schedule of Investments [Line Items]          
Range of ownership 75.00%   75.00%    
Investments in real estate ventures $ 410,000   $ 410,000    
Total maximum exposure to loss $ 410,000   $ 410,000    
Variable Interest Entity, Not Primary Beneficiary | New Valley | Equity Method Investee | BH NV Aventura LLC          
Schedule of Investments [Line Items]          
Range of ownership 25.00%   25.00%    
Investments in real estate ventures $ 1,000,000   $ 1,000,000    
Total maximum exposure to loss $ 1,000,000   $ 1,000,000