Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

PARAMOUNT GROUP, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

COLUMN A	COLUMN B		COLUMN C				COLUMN D				COLUMN E						COLUMN F			COLUMN G	COLUMN H	COLUMN I
(Amounts in thousands)																						Life on
																						which
							Costs capitalized															depreciation
							subsequent				Gross amount at which						Accumulated					in latest
			Initial cost to company				to acquisition				carried at close of period						depreciation			Date of		income
Description	Encumbrances		Land		Building and improvements		Land		Building and improvements		Land		Building and improvements		Total (1)		and amortization			construction / renovation	Date acquired	statement is computed
1633 Broadway	$	1,250,000	$	502,846	$	1,398,341	$	-	$	174,719	$	502,846	$	1,573,060	$	2,075,906	$	(400,865	)	1971 / 2015	11/2014	5 to 40 Years
1301 Avenue of the Americas		860,000		406,039		1,051,697		-		211,701		406,039		1,263,398		1,669,437		(286,525	)	1963 / 2023	11/2014	5 to 40 Years
31 West 52nd Street		500,000		221,318		604,994		-		85,288		221,318		690,282		911,600		(164,290	)	1987 / 2019	11/2014	5 to 40 Years
1325 Avenue of the Americas		-		174,688		370,553		-		65,007		174,688		435,560		610,248		(106,174	)	1989 / 2019	11/2014	5 to 40 Years
900 Third Avenue		-		103,741		296,031		-		31,657		103,741		327,688		431,429		(77,731	)	1983 / 2023	11/2014	5 to 40 Years
Total New York		2,610,000		1,408,632		3,721,616		-		568,372		1,408,632		4,289,988		5,698,620		(1,035,585	)
One Market Plaza		975,000		288,743		988,014		-		135,385		288,743		1,123,399		1,412,142		(273,645	)	1976 / 2016	11/2014	5 to 40 Years
300 Mission Street		232,050		141,097		343,819		-		54,048		141,097		397,867		538,964		(73,036	)	1968 / 2020	07/2017	5 to 40 Years
One Front Street		-		127,765		376,919		-		20,129		127,765		397,048		524,813		(78,301	)	1979	12/2016	5 to 40 Years
Total San Francisco		1,207,050		557,605		1,708,752		-		209,562		557,605		1,918,314		2,475,919		(424,982	)
Other		-		-		-		-		42,077		-		42,077		42,077		(11,252	)		11/2014	5 to 40 Years
Total	$	3,817,050	$	1,966,237	$	5,430,368	$	-	$	820,011	$	1,966,237	$	6,250,379	$	8,216,616	$	(1,471,819	)

(1)The basis of the Company’s assets for tax purposes is approximately $2.3 billion lower than the amount reported for financial statement purposes.

PARAMOUNT GROUP, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

	For the Year Ended December 31,
(Amounts in thousands)	2023			2022			2021
Real Estate:
Beginning balance	$	8,143,777		$	8,028,061		$	7,963,315
Acquisitions		-			-			-
Additions during the year:
Land		-			-			-
Buildings and improvements		107,156			127,102			111,340
Assets sold and written-off		(34,317	)		(11,386	)		(46,594	)
Ending balance	$	8,216,616		$	8,143,777		$	8,028,061
Accumulated Depreciation:
Beginning balance	$	1,297,553		$	1,112,977		$	966,697
Additions charged to expense		208,583			195,962			192,874
Accumulated depreciation related    to assets sold and written-off		(34,317	)		(11,386	)		(46,594	)
Ending balance	$	1,471,819		$	1,297,553		$	1,112,977