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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Real estate, at cost:    
Land $ 1,966,237 $ 1,966,237
Buildings and improvements 5,948,631 5,923,648
Rental property, at cost 7,914,868 7,889,885
Accumulated depreciation and amortization (832,164) (790,216)
Real estate, net 7,082,704 7,099,669
Cash and cash equivalents 377,689 306,215
Restricted cash 20,563 25,272
Investments in unconsolidated joint ventures 429,358 449,180
Investments in unconsolidated real estate funds 13,116 10,317
Accounts and other receivables 17,826 19,231
Due from affiliates   36,918
Deferred rent receivable 312,249 301,588
Deferred charges, net of accumulated amortization of $45,645 and $42,096 124,908 126,367
Intangible assets, net of accumulated amortization of $260,351 and $262,930 191,183 203,169
Assets related to discontinued operations 104,028 104,836
Other assets 80,632 51,373
Total assets [1] 8,754,256 8,734,135
Liabilities and Equity    
Notes and mortgages payable, net of deferred financing costs of $24,032 and $25,792 3,788,684 3,783,851
Revolving credit facility 200,000 36,918
Accounts payable and accrued expenses 109,563 117,356
Dividends and distributions payable 24,342 25,255
Intangible liabilities, net of accumulated amortization of $95,831 and $100,881 69,752 73,789
Other liabilities 54,723 66,004
Total liabilities [1] 4,247,064 4,103,173
Commitments and contingencies
Paramount Group, Inc. equity:    
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 221,750,408 and 227,432,030 shares in 2020 and 2019, respectively 2,219 2,274
Additional paid-in-capital 4,102,287 4,133,184
Earnings less than distributions (368,767) (349,557)
Accumulated other comprehensive loss (13,478) (171)
Paramount Group, Inc. equity 3,722,261 3,785,730
Noncontrolling interests in:    
Consolidated joint ventures 359,120 360,778
Consolidated real estate fund 80,476 72,396
Operating Partnership (20,583,820 and 24,758,472 units outstanding) 345,335 412,058
Total equity 4,507,192 4,630,962
Total liabilities and equity $ 8,754,256 $ 8,734,135
[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 91.5% as of March 31, 2020. The assets and liabilities of the Operating Partnership, as of March 31, 2020, include $1,961,974 and $1,270,221 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (“VIEs”).