Investments in Unconsolidated Real Estate Related Funds	3 Months Ended
Mar. 31, 2023
Real Estate Fund [Abstract]
Investments in Unconsolidated Real Estate Related Funds	4. 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. As of March 31, 2023, our ownership interest in Fund VIII was approximately 1.3%. We account for our investment in Fund VIII under the equity method of accounting. 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. Subsequent to December 12, 2022, we began consolidating Fund X into our consolidated financial statements (see Note 3, Consolidated Real Estate Related Funds). As of March 31, 2023 and December 31, 2022, our share of the investments in the unconsolidated real estate related funds was $3,180,000 and $3,411,000, respectively, which is reflected as “investments in unconsolidated real estate related funds” in our consolidated balance sheets. During the three months ended March 31, 2023 and 2022, we recognized a loss of $178,000 and an income of $170,000, respectively, for our share of earnings, which is reflected as “(loss) income from unconsolidated real estate related funds” in our consolidated statements of income.

Investments in Unconsolidated Real Estate Related Funds

3 Months Ended

Mar. 31, 2023

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. As of March 31, 2023, our ownership interest in Fund VIII was approximately 1.3%. We account for our investment in Fund VIII under the equity method of accounting.

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. Subsequent to December 12, 2022, we began consolidating Fund X into our consolidated financial statements (see Note 3, Consolidated Real Estate Related Funds).

As of March 31, 2023 and December 31, 2022, our share of the investments in the unconsolidated real estate related funds was $3,180,000 and $3,411,000, respectively, which is reflected as “investments in unconsolidated real estate related funds” in our consolidated balance sheets. During the three months ended March 31, 2023 and 2022, we recognized a loss of $178,000 and an income of $170,000, respectively, for our share of earnings, which is reflected as “(loss) income from unconsolidated real estate related funds” in our consolidated statements of income.