CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Rental property, at cost
Land		$ 2,042,071	$ 2,042,071
Buildings and improvements		5,668,268	5,610,046
Rental property, at cost		7,710,339	7,652,117
Accumulated depreciation and amortization		(323,224)	(243,089)
Rental property, net		7,387,115	7,409,028
Cash and cash equivalents		224,489	143,884
Restricted cash		29,043	41,823
Real estate fund investments			416,438
Investments in unconsolidated real estate funds		25,798
Investments in unconsolidated joint ventures		5,800	7,102
Preferred equity investments		54,595	53,941
Marketable securities		21,477	21,521
Deferred rent receivable		122,334	77,792
Accounts and other receivables, net of allowance of $366 and $365		10,895	10,844
Deferred charges, net of accumulated amortization of $17,462 and $14,204		79,617	74,991
Intangible assets, net of accumulated amortization of $156,683 and $143,987		435,450	511,207
Other assets		11,596	6,658
Total assets	[1]	8,408,209	8,775,229
LIABILITIES AND EQUITY
Notes and mortgages payable, net of deferred financing costs of $23,382 and $18,914		3,012,290	2,922,610
Revolving credit facility		20,000	20,000
Due to affiliates		27,299	27,299
Loans payable to noncontrolling interests			45,662
Accounts payable and accrued expenses		147,048	102,730
Dividends and distributions payable		25,151	25,067
Deferred income taxes		246	2,533
Interest rate swap liabilities		102,577	93,936
Intangible liabilities, net of accumulated amortization of $62,363 and $41,931		154,658	179,741
Other liabilities		45,997	45,101
Total liabilities	[1]	3,535,266	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 219,490,007 and 212,112,137 shares in 2016 and 2015, respectively		2,195	2,122
Additional paid-in-capital		3,927,872	3,802,858
Earnings less than distributions		(80,496)	(36,120)
Accumulated other comprehensive loss		(41,498)	(7,843)
Paramount Group, Inc. equity		3,808,073	3,761,017
Noncontrolling interests in:
Consolidated real estate funds		62,857	414,637
Consolidated joint ventures		240,483	236,849
Operating Partnership (45,035,400 and 51,660,088 units outstanding)		761,530	898,047
Total equity		4,872,943	5,310,550
Total liabilities and equity		$ 8,408,209	$ 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 83.0%. As of June 30, 2016, the assets and liabilities of the Operating Partnership include $1,503,938 and $987,546 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities.