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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Real estate, at cost:    
Land $ 1,966,237,000 $ 1,966,237,000
Buildings and improvements 6,217,633,000 6,177,540,000
Rental property, at cost 8,183,870,000 8,143,777,000
Accumulated depreciation and amortization (1,427,705,000) (1,297,553,000)
Real estate, net 6,756,165,000 6,846,224,000
Cash and cash equivalents 399,631,000 408,905,000
Restricted cash 70,892,000 40,912,000
Accounts and other receivables 14,340,000 23,866,000
Real estate related fund investments 68,225,000 105,369,000
Investments in unconsolidated real estate related funds 4,537,000 3,411,000
Investments in unconsolidated joint ventures 368,024,000 393,503,000
Deferred rent receivable 347,641,000 346,338,000
Deferred charges, net of accumulated amortization of $79,679 and $68,686 112,448,000 120,685,000
Intangible assets, net of accumulated amortization of $193,626 and $246,723 74,391,000 90,381,000
Other assets 72,265,000 73,660,000
Total assets [1] 8,288,559,000 8,453,254,000
Liabilities and Equity    
Notes and mortgages payable, net of unamortized deferred financing costs of $14,717 and $17,682 3,802,333,000 3,840,318,000
Revolving credit facility 0 0
Accounts payable and accrued expenses 109,471,000 123,176,000
Dividends and distributions payable 8,357,000 18,026,000
Intangible liabilities, net of accumulated amortization of $106,839 and $102,533 29,981,000 36,193,000
Other liabilities 28,452,000 24,775,000
Total liabilities [1] 3,978,594,000 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 217,353,507 and 216,559,406 shares in 2023 and 2022, respectively 2,172,000 2,165,000
Additional paid-in-capital 4,128,492,000 4,186,161,000
Earnings less than distributions (730,777,000) (644,331,000)
Accumulated other comprehensive income 29,325,000 48,296,000
Paramount Group, Inc. equity 3,429,212,000 3,592,291,000
Noncontrolling interests in:    
Consolidated joint ventures 410,944,000 402,118,000
Consolidated real estate related funds 162,973,000 173,375,000
Operating Partnership (19,429,601 and 14,586,411 units outstanding) 306,836,000 242,982,000
Total equity 4,309,965,000 4,410,766,000
Total liabilities and equity $ 8,288,559,000 $ 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 91.8% as of September 30, 2023. As of September 30, 2023, the assets and liabilities of the Operating Partnership include $3,933,437 and $2,525,808 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (VIEs).