Investments in Unconsolidated Real Estate Related Funds	12 Months Ended
Dec. 31, 2022
Real Estate Fund [Abstract]
Investments in Unconsolidated Real Estate Related Funds	5. Investments in Unconsolidated Real Estate Related Funds We are the general partner and investment manager of Paramount Group Real Estate Fund VIII, LP (“Fund VIII”) which invests in real estate and related investments. We account for our investment in Fund VIII under the equity method of accounting. As of December 31, 2022, our ownership interest in Fund VIII was approximately 1.3%. Prior to December 12, 2022, we owned an 8.2% interest in Fund X and accounted for our investment in Fund X under the equity method of accounting. On December 12, 2022, we made an additional $7,454,000 investment in Fund X which increased our ownership interest to 13.0%. Fund X is a VIE and we are deemed to be the primary beneficiary; accordingly, we began consolidating Fund X into our consolidated financial statements from December 12, 2022 (see Note 4, Real Estate Related Fund Investments). As of December 31, 2022, our share of the investments in unconsolidated real estate related funds, which represented our investment in Fund VIII, was $3,411,000 and, as of December 31, 2021, our share of investments in unconsolidated real estate related funds, which represented our investment in Fund VIII and Fund X, was $11,421,000. We recognized a loss of $1,239,000 for the year ended December 31, 2022 and income of $782,000 and $272,000 for the years ended December 31, 2021 and 2020, respectively.

Investments in Unconsolidated Real Estate Related Funds

12 Months Ended

Dec. 31, 2022

Investments in Unconsolidated Real Estate Related Funds

5. Investments in Unconsolidated Real Estate Related Funds

We are the general partner and investment manager of Paramount Group Real Estate Fund VIII, LP (“Fund VIII”) which invests in real estate and related investments. We account for our investment in Fund VIII under the equity method of accounting. As of December 31, 2022, our ownership interest in Fund VIII was approximately 1.3%.

Prior to December 12, 2022, we owned an 8.2% interest in Fund X and accounted for our investment in Fund X under the equity method of accounting. On December 12, 2022, we made an additional $7,454,000 investment in Fund X which increased our ownership interest to 13.0%. Fund X is a VIE and we are deemed to be the primary beneficiary; accordingly, we began consolidating Fund X into our consolidated financial statements from December 12, 2022 (see Note 4, Real Estate Related Fund Investments).

As of December 31, 2022, our share of the investments in unconsolidated real estate related funds, which represented our investment in Fund VIII, was $3,411,000 and, as of December 31, 2021, our share of investments in unconsolidated real estate related funds, which represented our investment in Fund VIII and Fund X, was $11,421,000. We recognized a loss of $1,239,000 for the year ended December 31, 2022 and income of $782,000 and $272,000 for the years ended December 31, 2021 and 2020, respectively.