Including signed leases not yet commenced, our total portfolio was 88.7% leased. More than 60% of visitors historically have been international travelers. We were organized as a Maryland corporation on July 29, 2011. We redevelop, and reposition Manhattan office properties. 8226;Leader in Energy Efficiency Retrofits. We are leaders in the environmental sustainability space. We foster strong tenant relationships by being responsive to tenant needs. Our attention to detail is integral to serving our clients and building our brand. This intersegment rent is eliminated upon consolidation. Soil contamination has been identified at 69-97 Main Street in Westport, Connecticut. Some molds may produce airborne toxins or irritants. The 20% coinsurance on NBCR exposures is retained by ESRT Captive Insurance. We offer what we believe to be generally competitive compensation and benefits. We have provided and required personal protective equipment during the pandemic. The risks set out below are not the only risks we face. The scope and duration of the foregoing events are uncertain and unpredictable. We are also susceptible to reductions in visitor demand due to adverse weather. Our debt and related limitations in our loan documents could adversely affect us. As a result, we may be forced to borrow additional funds in order to make distributions. Our properties are concentrated in the New York metropolitan area. In that event, we may have to upgrade such property to meet code requirements. Some of our potential losses may not be covered by insurance. See Part I, Item 1, "Business – Our Tax Status". We cannot assure you that our distributions will be made or sustained. South30,707 73.3 %5,752,423 255.72 4 1333 BroadwayPenn Station -Times Sq. 203514.2 years 107,680 1.1 %5,990,238 1.1 %ShutterstockEmpire State BuildingApr. All required zoning approvals have been obtained to allow for development of Metro Tower. The Series PR OP Units are not listed on any exchange and are not traded. For a reconciliation of FFO, see "Item 7. The Empire State Building is our flagship property. Our observatory operations are a separate reporting segment. We have now completed all phases of this project. As of December 31, 2020, we had cash and cash equivalents of $526.7 million. Our smaller food and service type retailers have been hit particularly hard. The 102nd observation deck was reopened on August 24, 2020. We engaged a third-party valuation consulting firm to perform the valuation process. Our overall leverage will depend on our mix of investments and the cost of leverage. Our charter does not restrict the amount of leverage that we may use. We borrowed the term loan facility in full at closing. The initial maturity of the unsecured revolving credit facility is August 2021. The term loan facility matures on March 2025. NOI is a non-GAAP financial measure of performance. The primary beneficiary is required to consolidate the VIE. We will assess the accounting treatment for each investment we may have in the future. Accordingly, no provision has been made for federal and state income taxes. Other limitations may apply to our ability to use our NOL to offset taxable income. The state and local NOL can be carried forward for up to 20 years. As of December 31, 2020 and 2019, we do not have a liability for uncertain tax positions. We do not enter into derivative or interest rate transactions for speculative purposes. 3 to the Registrant\'s Form S-11 (Registration
