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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Real estate, at cost:    
Land $ 1,966,237 $ 1,966,237
Buildings and improvements 5,969,297 5,923,648
Rental property, at cost 7,935,534 7,889,885
Accumulated depreciation and amortization (920,078) (790,216)
Real estate, net 7,015,456 7,099,669
Cash and cash equivalents 515,942 306,215
Restricted cash 30,965 25,272
Investments in unconsolidated joint ventures 417,592 449,180
Investments in unconsolidated real estate funds 12,867 10,317
Accounts and other receivables 15,289 19,231
Due from affiliates   36,918
Deferred rent receivable 326,050 301,588
Deferred charges, net of accumulated amortization of $53,175 and $42,096 120,211 126,367
Intangible assets, net of accumulated amortization of $269,176 and $262,930 167,675 203,169
Assets related to discontinued operations 103,787 104,836
Other assets 80,660 51,373
Total assets [1] 8,806,494 8,734,135
Liabilities and Equity    
Notes and mortgages payable, net of unamortized deferred financing costs of $20,490 and $25,792 3,798,944 3,783,851
Revolving credit facility 200,000 36,918
Accounts payable and accrued expenses 109,228 117,356
Dividends and distributions payable 24,173 25,255
Intangible liabilities, net of accumulated amortization of $102,492 and $100,881 61,485 73,789
Other liabilities 59,531 66,004
Total liabilities [1] 4,253,361 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 220,545,325 and 227,432,030 shares in 2020 and 2019, respectively 2,205 2,274
Additional paid-in-capital 4,128,487 4,133,184
Earnings less than distributions (426,238) (349,557)
Accumulated other comprehensive loss (14,208) (171)
Paramount Group, Inc. equity 3,690,246 3,785,730
Noncontrolling interests in:    
Consolidated joint ventures 436,576 360,778
Consolidated real estate fund 79,168 72,396
Operating Partnership (20,756,618 and 24,758,472 units outstanding) 347,143 412,058
Total equity 4,553,133 4,630,962
Total liabilities and equity $ 8,806,494 $ 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 91.4% as of September 30, 2020. The assets and liabilities of the Operating Partnership, as of September 30, 2020, include $4,022,342 and $2,546,278 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (“VIEs”).