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Consolidated Real Estate Related Funds (Tables)
6 Months Ended
Jun. 30, 2023
Real Estate Fund [Abstract]  
Summary of Income from Real Estate Related Fund Investments

The following table sets forth the details of income or loss from real estate related fund investments for the three and six months ended June 30, 2023.

 

 

 

 

 

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

(Amounts in thousands)

June 30, 2023

 

 

June 30, 2023

 

Net investment income

$

3,048

 

 

$

7,709

 

Net realized losses

 

(1,224

)

 

 

(1,224

)

Net unrealized losses (1)

 

(44,468

)

 

 

(45,579

)

Loss from real estate related fund investments

 

(42,644

)

 

 

(39,094

)

Less: noncontrolling interests in consolidated
   real estate related funds

 

37,390

 

 

 

34,573

 

Loss from real estate related fund investments
   attributable to Paramount Group, Inc.

$

(5,254

)

 

$

(4,521

)

(1)
Primarily represents an unrealized loss on a mezzanine loan investment based on a negotiated transaction price.