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Real Estate Fund Investments (Tables)
12 Months Ended
Dec. 31, 2019
Real Estate Fund Investments [Abstract]  
Schedule Of Income And Loss From The Fund
Below is a summary of (loss) income from the Fund and the Crowne Plaza Joint Venture for the years ended December 31, 2019, 2018 and 2017. 
(Amounts in thousands)
For the Year Ended December 31,
 
2019
 
2018
 
2017
Net investment income
$
2,027

 
$
6,105

 
$
18,507

Net unrealized loss on held investments
(106,109
)
 
(83,794
)
 
(25,807
)
Net realized (loss) gain on exited investments

 
(912
)
 
36,078

Previously recorded unrealized gain on exited investment

 

 
(25,538
)
New York City real property transfer tax (the "Transfer Tax")

 
(10,630
)
(1) 

(Loss) income from real estate fund investments
(104,082
)
 
(89,231
)
 
3,240

Less loss (income) attributable to noncontrolling interests in consolidated subsidiaries
55,274

 
61,230

 
(14,044
)
Loss from real estate fund investments net of controlling interests in consolidated subsidiaries(2)
$
(48,808
)
 
$
(28,001
)
 
$
(10,804
)
____________________
(1)
Due to the additional Transfer Tax related to the March 2011 acquisition of One Park Avenue which was recognized 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. 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 or for leave to appeal to the New York State Court of Appeals. That motion was denied on December 12, 2019 and can no longer be appealed.
(2)
2018 includes $4,252 of loss related to One Park Avenue additional transfer taxes and reduction in carried interest.