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Debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | The following table summarizes our outstanding debt.
|  | Maturity |  | Fixed/ |  | Interest Rate as of |  |  | As of December 31, |  |
(Amounts in thousands) |  | Date |  | Variable Rate |  | December 31, 2019 |  |  | 2019 |  |  | 2018 |  |
Notes and mortgages payable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1633 Broadway |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Dec-2029 |  | Fixed |  |  | 2.99 | % |  | $ | 1,250,000 |  |  | $ | 1,000,000 |  | (1)
|  | n/a |  | n/a |  | n/a |  |  |  | - |  |  |  | 46,800 |  | (2)
|  |  |  |  |  |  | 2.99 | % |  |  | 1,250,000 |  |  |  | 1,046,800 |  |
One Market Plaza (3) |  | Feb-2024 |  | Fixed |  |  | 4.03 | % |  |  | 975,000 |  |  |  | 975,000 |  |
1301 Avenue of the Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nov-2021 |  | Fixed |  |  | 3.05 | % |  |  | 500,000 |  |  |  | 500,000 |  |
|  | Nov-2021 |  | L + 180 bps |  |  | 3.55 | % |  |  | 350,000 |  |  |  | 350,000 |  |
|  |  |  |  |  |  | 3.26 | % |  |  | 850,000 |  |  |  | 850,000 |  |
31 West 52nd Street |  | May-2026 |  | Fixed |  |  | 3.80 | % |  |  | 500,000 |  |  |  | 500,000 |  |
300 Mission Street (3) |  | Oct-2023 |  | Fixed |  |  | 3.65 | % |  |  | 234,643 |  |  |  | 228,000 |  |
Total notes and mortgages payable |  |  | 3.46 | % |  |  | 3,809,643 |  |  |  | 3,599,800 |  |
Less: deferred financing costs |  |  |  |  |  |  |  |  |  |  | (25,792 | ) |  |  | (32,883 | ) |
Total notes and mortgages payable, net |  |  |  |  |  | $ | 3,783,851 |  |  | $ | 3,566,917 |  |
$1.0 Billion Revolving Credit Facility |  | Jan-2022 |  | L + 115 bps |  |  | 2.94 | % |  | $ | 36,918 |  |  | $ | - |  |
(1) | Represents loans with variable interest rates that had been fixed by interest rate swaps. See Note 9, Derivative Instruments and Hedging Activities.
(2) | Represents amounts borrowed to fund leasing costs at the property.
(3) | Our ownership interest in One Market Plaza and 300 Mission Street (formerly 50 Beale Street) is 49.0% and 31.1%, respectively.
Summary of Principal Repayments Required For Notes and Mortgages Payable and Revolving Credit Facility | The following table summarizes our principal repayments required for the next five years and thereafter in connection with our notes and mortgages payable and revolving credit facility as of December 31, 2019.
|  |  |  |  |  | Notes and |  |  | Revolving |
(Amounts in thousands) |  | Total |  |  | Mortgages Payable |  |  | Credit Facility |
2020 |  | $ | - |  |  | $ | - |  |  | $ | - |
2021 |  |  | 850,000 |  |  |  | 850,000 |  |  |  | - |
2022 |  |  | 36,918 |  |  |  | - |  |  |  | 36,918 |
2023 |  |  | 234,643 |  |  |  | 234,643 |  |  |  | - |
2024 |  |  | 975,000 |  |  |  | 975,000 |  |  |  | - |
Thereafter |  |  | 1,750,000 |  |  |  | 1,750,000 |  |  |  | - |

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