Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2024

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	$	-	$	164,581	$	502,846	$	1,562,922	$	2,065,768	$	(436,492	)	1971 / 2015	11/2014	5 to 40 Years
1301 Avenue of the Americas		860,000		406,039		1,051,697		-		263,059		406,039		1,314,756		1,720,795		(325,737	)	1963 / 2023	11/2014	5 to 40 Years
31 West 52nd Street		500,000		221,318		604,994		-		103,265		221,318		708,259		929,577		(178,050	)	1987 / 2019	11/2014	5 to 40 Years
1325 Avenue of the Americas		-		174,688		370,553		-		68,150		174,688		438,703		613,391		(117,780	)	1989 / 2019	11/2014	5 to 40 Years
900 Third Avenue		-		103,741		296,031		-		32,627		103,741		328,658		432,399		(86,677	)	1983 / 2023	11/2014	5 to 40 Years
Total New York		2,610,000		1,408,632		3,721,616		-		631,682		1,408,632		4,353,298		5,761,930		(1,144,736	)
One Market Plaza		850,000		288,743		988,014		-		142,685		288,743		1,130,699		1,419,442		(310,769	)	1976 / 2016	11/2014	5 to 40 Years
300 Mission Street		232,050		141,097		343,819		-		58,392		141,097		402,211		543,308		(87,145	)	1968 / 2020	07/2017	5 to 40 Years
One Front Street		-		127,765		376,919		-		22,373		127,765		399,292		527,057		(86,904	)	1979	12/2016	5 to 40 Years
Total San Francisco		1,082,050		557,605		1,708,752		-		223,450		557,605		1,932,202		2,489,807		(484,818	)
Other		-		-		-		-		39,597		-		39,597		39,597		(9,975	)		11/2014	5 to 40 Years
Total	$	3,692,050	$	1,966,237	$	5,430,368	$	-	$	894,729	$	1,966,237	$	6,325,097	$	8,291,334	$	(1,639,529	)

(1)The basis of the Company’s assets for tax purposes is approximately $2.2 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)	2024			2023			2022
Real Estate:
Beginning balance	$	8,216,616		$	8,143,777		$	8,028,061
Acquisitions		-			-			-
Additions during the year:
Land		-			-			-
Buildings and improvements		116,499			107,156			127,102
Assets sold and written-off		(41,781	)		(34,317	)		(11,386	)
Ending balance	$	8,291,334		$	8,216,616		$	8,143,777
Accumulated Depreciation:
Beginning balance	$	1,471,819		$	1,297,553		$	1,112,977
Additions charged to expense		209,491			208,583			195,962
Accumulated depreciation related    to assets sold and written-off		(41,781	)		(34,317	)		(11,386	)
Ending balance	$	1,639,529		$	1,471,819		$	1,297,553