XML 79 R68.htm IDEA: XBRL DOCUMENT v3.8.0.1
Variable Interest Entities - Summary of Assets and Liabilities of Consolidated Variable Interest Entities (Details) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
Dec. 31, 2016
Variable Interest Entity [Line Items]        
Real estate, net $ 7,824,687 $ 7,841,530    
Cash and restricted cash 33,032 31,044 $ 75,198 $ 29,374
Preferred equity investments, net 35,870 35,817    
Accounts and other receivables, net 17,036 17,082    
Deferred rent receivable 234,758 220,826    
Deferred charges, net 106,415 98,645    
Intangible assets, net 333,983 352,206    
Other assets 75,925 20,076    
Total assets [1] 8,973,868 8,917,661    
Notes and mortgages payable, net 3,599,800 3,583,100    
Accounts payable and accrued expenses 128,625 117,630    
Intangible liabilities, net 122,673 130,028    
Other liabilities 54,344 54,109    
Total liabilities [1] 3,919,798 3,895,577    
Variable Interest Entities [Member]        
Variable Interest Entity [Line Items]        
Real estate, net 1,718,880 1,726,800    
Cash and restricted cash 71,551 55,658    
Investments in unconsolidated joint ventures 39,230 16,031    
Preferred equity investments, net 35,870 35,817    
Accounts and other receivables, net 2,564 2,550    
Deferred rent receivable 45,504 44,000    
Deferred charges, net 9,192 8,123    
Intangible assets, net 61,073 66,112    
Other assets 16,065 929    
Total assets 1,999,929 1,956,020    
Notes and mortgages payable, net 1,196,867 1,196,607    
Accounts payable and accrued expenses 30,422 21,211    
Intangible liabilities, net 42,519 46,365    
Other liabilities 155 155    
Total liabilities $ 1,269,963 $ 1,264,338    
[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 90.5% as of March 31, 2018. The assets and liabilities of the Operating Partnership, as of March 31, 2018, include $1,999,929 and $1,269,963 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities.