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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Real estate, at cost:    
Land $ 1,966,237,000 $ 1,966,237,000
Buildings and improvements 6,199,074,000 6,177,540,000
Rental property, at cost 8,165,311,000 8,143,777,000
Accumulated depreciation and amortization (1,377,917,000) (1,297,553,000)
Real estate, net 6,787,394,000 6,846,224,000
Cash and cash equivalents 434,751,000 408,905,000
Restricted cash 72,680,000 40,912,000
Accounts and other receivables 13,692,000 23,866,000
Real estate related fund investments 66,606,000 105,369,000
Investments in unconsolidated real estate related funds 5,270,000 3,411,000
Investments in unconsolidated joint ventures 398,677,000 393,503,000
Deferred rent receivable 346,583,000 346,338,000
Deferred charges, net of accumulated amortization of $75,732 and $68,686 113,271,000 120,685,000
Intangible assets, net of accumulated amortization of $189,123 and $246,723 79,558,000 90,381,000
Other assets 49,497,000 73,660,000
Total assets [1] 8,367,979,000 8,453,254,000
Liabilities and Equity    
Notes and mortgages payable, net of unamortized deferred financing costs of $15,331 and $17,682 3,842,669,000 3,840,318,000
Revolving credit facility 0 0
Accounts payable and accrued expenses 113,449,000 123,176,000
Dividends and distributions payable 8,188,000 18,026,000
Intangible liabilities, net of accumulated amortization of $106,393 and $102,533 31,960,000 36,193,000
Other liabilities 23,700,000 24,775,000
Total liabilities [1] 4,019,966,000 4,042,488,000
Commitments and contingencies
Paramount Group, Inc. equity:    
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 217,306,498 and 216,559,406 shares in 2023 and 2022, respectively 2,172,000 2,165,000
Additional paid-in-capital 4,183,662,000 4,186,161,000
Earnings less than distributions (714,785,000) (644,331,000)
Accumulated other comprehensive income 36,431,000 48,296,000
Paramount Group, Inc. equity 3,507,480,000 3,592,291,000
Noncontrolling interests in:    
Consolidated joint ventures 407,647,000 402,118,000
Consolidated real estate related funds 183,988,000 173,375,000
Operating Partnership (15,366,522 and 14,586,411 units outstanding) 248,898,000 242,982,000
Total equity 4,348,013,000 4,410,766,000
Total liabilities and equity $ 8,367,979,000 $ 8,453,254,000
[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 93.4% as of June 30, 2023. As of June 30, 2023, the assets and liabilities of the Operating Partnership include $4,003,965 and $2,570,004 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (VIEs).