v3.25.2
Interest and Other Investment Income, Net
 6 Months Ended
Jun. 30, 2025
Interest and Other Income [Abstract]  
Interest and Other Investment Income, Net Interest and Other Investment Income, Net
The following table sets forth the details of interest and other investment income, net:
(Amounts in thousands)For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
Interest on cash and cash equivalents and restricted cash$9,709 $10,596 $16,670 $22,285 
Interest on loans receivable1,325 — 2,482 — 
Income (loss) from real estate fund investments(1)
22 (85)165 (50)
$11,056 $10,511 $19,317 $22,235 
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(1)On July 11, 2025, the Vornado Capital Partners Real Estate Fund (the “Fund”), which we consolidate, closed on the sale of The Lucida. The proceeds from the sale were used to repay the $145,000 non-recourse mortgage loan, which was in maturity default. As we have no carrying value or contingent liabilities related to The Lucida, this results in no impact to our consolidated financial statements. The Lucida was the final investment held by the Fund.