Forward-looking statements are not guarantees of future performance. Bloomberg L.P. ("Bloomberg") occupies all of the office space. As of December 31, 2020, Vornado owned 32.4% of our outstanding common stock. No other tenant accounted for more than 10% of our total revenues. Copies of these documents are also available directly from us, free of charge. These practices may enable businesses to reduce their office space requirements. We are subject to risks that affect the general and New York City retail environments. These conditions may also adversely impact our revenues and cash flows. Even if we are able to enforce our rights, a tenant may not have recoverable assets. 731 Lexington Avenue accounts for a substantial portion of our revenues. Competition in these activities could also significantly increase our costs. It may be difficult to sell real estate timely, which may limit our flexibility. We have an investment in marketable equity securities. As of December 31, 2020, this investment had a carrying amount of $6,024,000. Alexander's Board of Directors is divided into three classes of directors. There may be conflicts of interest between Vornado, its affiliates and us. The interest-only loan is at LIBOR plus 0.90% (1.06% as of December 31, 2020). The center contains a parking deck (1,326 spaces) that provides for paid parking. The lease expires in 2041, with a purchase option in October 2021 for $75,000,000. We intend to defend the remaining claim vigorously. We compete with a large number of property owners and developers. Of this amount, $2,716,000 is attributable to Century 21. The principal of the loan is non-recourse to us. Actual results could differ from those estimates. Maintenance and repairs are generally expensed as incurred. We may refinance our maturing debt as it comes due or choose to repay it. ParamusIn 2001, we leased 30.3 acres of land located in Paramus, New Jersey to IKEA. On December 12, 2019, that motion was denied and the case can no longer be appealed. All intercompany amounts have been eliminated. See Note 2 - COVID-19 Pandemic for further details.48 ALEXANDER'S, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)3. On April 5, 2018, we paid this amount in order to stop the interest from accruing. 11, 20241.06%500,000 500,000 731 Lexington Avenue, retail condominium(2)Aug. The rental terms range from approximately 5 to 25 years. The grant date fair value of this award was $150,000 in accordance with ASC 718. We believe that our audit provides a reasonable basis for our opinion. 3.1 -Amended and Restated Certificate of Incorporation. 1Restrictions on Ownership of Common StockThe Common Stock Beneficial Ownership Limit. Issuance of Excess Stock if the Ownership Limits Are Violated. MP_\\ _"7L?_C5 \'JM%5?\\,G?!#_HC?P__P#"7L?_ ( U1_P ,G?!#_HC?P_\\ _"7L?_C5 \'JM%5?\\,G?!#_HC?P__P#" M7L?_ ( JH_P"%-^+O^B[?$#_P!\\/?_*JO5:* /*O^%-^+ MO^B[?$#_ , ?# M$+P?XFU&([7L/#]E,1H@] H&!7S7UF? W_RJH ]5HKRK_A3?B[_ M *+M\\0/_ !\\/?\\ W_RJH_X4WXN_Z+M\\0/\\ P!\\/?_*J@#U6BO*O^%-^ M+O\\ HNWQ _\\ \'P]_P#*JC_A3?B[_HNWQ _\\ ?# OL#T5SP#PKX1_X M* ^*/#&D:R?B/\\/M\'. To date we have not experienced any losses on our invested cash. & + ReferencesNo definition available. It is commonly abbreviated as CIK.
