Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table is an allocation of the purchase price for the assets and liabilities acquired (amounts in thousands):



Consideration paid:
Cash and issuance of Class A Common Stock, Class B Common Stock, and Series PR OP units	$	565,916
Debt assumed	167,684
Total consideration paid	$	733,600

Net assets acquired:
Land and building and improvements	$	354,429
Acquired below-market ground leases	334,178
Acquired above-market leases	13,088
Acquired in place lease value and deferred leasing costs	88,374
Mortgage notes payable, inclusive of premium	(182,851		)
Acquired below-market leases	(36,553		)
Other liabilities, net of other assets	(4,749		)
Total net assets acquired	$	565,916

Schedule of allocation of the purchase price for assets and liabilities acquired

The following table is an allocation of the purchase price for the assets and liabilities acquired in the formation transactions (amounts in thousands).



Consideration paid:
Cash and issuance of Class A Common Stock, Class B Common Stock, and OP units	$	1,047,487
Debt assumed	124,354
Total consideration paid	$	1,171,841

Net assets acquired:
Land	$	91,435
Building and improvements	516,344
Acquired below-market ground lease	62,738
Acquired above-market leases	72,123
Acquired in place lease value and deferred leasing costs	186,415
Goodwill	491,479
Other assets, net of other liabilities	6,061
Mortgage notes payable	(136,226		)
Acquired below-market leases	(134,651		)
Total net assets acquired	$	1,155,718

Gain on the elimination of leasehold positions	$	35,147
Fair values of the assets acquired and assumed liabilities were greater than the consideration granted:
1333 Broadway Associates L.L.C.	40,962
1350 Broadway Associates L.L.C.	32,122
Total	$	108,231