CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Real estate, at cost
Land		$ 2,068,409	$ 2,091,535
Buildings and improvements		5,726,499	5,757,558
Rental property, at cost		7,794,908	7,849,093
Accumulated depreciation and amortization		(397,972)	(318,161)
Real estate, net		7,396,936	7,530,932
Cash and cash equivalents		254,763	162,965
Restricted cash		42,384	29,374
Investments in unconsolidated joint ventures		45,644	6,411
Investments in unconsolidated real estate funds		22,001	28,173
Preferred equity investments		55,300	55,051
Marketable securities		21,564	22,393
Accounts and other receivables, net of allowance of $232 and $202		12,032	15,251
Deferred rent receivable		196,799	163,695
Deferred charges, net of accumulated amortization of $14,220 and $9,832		80,352	71,184
Intangible assets, net of accumulated amortization of $173,087 and $166,841		363,523	412,225
Assets held for sale			346,685
Other assets		26,205	22,829
Total assets	[1]	8,517,503	8,867,168
LIABILITIES AND EQUITY
Notes and mortgages payable, net of deferred financing costs of $46,255 and $43,281		3,308,845	3,364,898
Revolving credit facility			230,000
Due to affiliates		27,299	27,299
Accounts payable and accrued expenses		83,334	103,896
Dividends and distributions payable		25,211	25,151
Deferred income taxes		1,283	1,467
Interest rate swap liabilities		1,819	22,446
Intangible liabilities, net of accumulated amortization of $63,845 and $55,349		133,748	153,018
Other liabilities		50,053	53,046
Total liabilities	[1]	3,631,592	3,981,221
Commitments and contingencies
Paramount Group, Inc. equity:
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 238,283,591 and 230,015,356 shares in 2017 and 2016, respectively		2,382	2,300
Additional paid-in-capital		4,254,386	4,116,987
Earnings less than distributions		(71,037)	(129,654)
Accumulated other comprehensive income		143	372
Paramount Group, Inc. equity		4,185,874	3,990,005
Noncontrolling interests in:
Consolidated joint ventures		229,133	253,788
Consolidated real estate fund		14,833	64,793
Operating Partnership (26,771,872 and 34,511,214 units outstanding)		456,071	577,361
Total equity		4,885,911	4,885,947
Total liabilities and equity		$ 8,517,503	$ 8,867,168

[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 89.9% as of June 30, 2017. The assets and liabilities of the Operating Partnership, as of June 30, 2017, include $1,466,918 and $1,026,938 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities.