CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Rental property, at cost
Land		$ 2,042,071	$ 2,042,071
Buildings and improvements		5,630,764	5,610,046
Rental property, at cost		7,672,835	7,652,117
Accumulated depreciation and amortization		(283,379)	(243,089)
Rental property, net		7,389,456	7,409,028
Cash and cash equivalents		178,721	143,884
Restricted cash		42,253	41,823
Real estate fund investments			416,438
Investments in unconsolidated real estate funds		26,880
Investments in unconsolidated joint ventures		7,121	7,102
Preferred equity investments		54,304	53,941
Marketable securities		21,398	21,521
Deferred rent receivable		97,660	77,792
Accounts and other receivables, net of allowance of $366 and $365		12,092	10,844
Deferred charges, net of accumulated amortization of $15,484 and $14,204		77,254	74,991
Intangible assets, net of accumulated amortization of $157,239 and $143,987		464,227	511,207
Other assets		32,691	6,658
Total assets	[1]	8,404,057	8,775,229
LIABILITIES AND EQUITY
Notes and mortgages payable, net of deferred financing costs of $18,192 and $18,914		2,923,834	2,922,610
Revolving credit facility		40,000	20,000
Due to affiliates		27,299	27,299
Loans payable to noncontrolling interests			45,662
Accounts payable and accrued expenses		154,680	102,730
Dividends and distributions payable		25,147	25,067
Deferred income taxes		1,819	2,533
Interest rate swap liabilities		116,943	93,936
Intangible liabilities, net of accumulated amortization of $53,983 and $41,931		167,069	179,741
Other liabilities		45,955	45,101
Total liabilities	[1]	$ 3,502,746	$ 3,464,679
Commitments and contingencies
Paramount Group, Inc. equity:
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 213,036,508 and 212,112,137 shares in 2016 and 2015, respectively		$ 2,130	$ 2,122
Additional paid-in-capital		3,818,344	3,802,858
Earnings less than distributions		(62,835)	(36,120)
Accumulated other comprehensive loss		(31,815)	(7,843)
Paramount Group, Inc. equity		3,725,824	3,761,017
Noncontrolling interests in:
Consolidated real estate funds		62,935	414,637
Consolidated joint ventures		238,101	236,849
Operating Partnership (51,443,466 and 51,660,088 units outstanding)		874,451	898,047
Total equity		4,901,311	5,310,550
Total liabilities and equity		$ 8,404,057	$ 8,775,229

[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 80.5%. As of March 31, 2016, the assets and liabilities of the Operating Partnership include $1,512,307 and $1,001,764 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities.