Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

PARAMOUNT GROUP, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

COLUMN A	COLUMN B		COLUMN C				COLUMN D				COLUMN E						COLUMN F			COLUMN G	COLUMN H	COLUMN I
(Amounts in thousands)																						Life on
																						which
							Costs capitalized															depreciation
							subsequent				Gross amount at which						Accumulated					in latest
			Initial cost to company				to acquisition				carried at close of period						depreciation					income
Description	Encumbrances		Land		Building and improvements		Land		Building and improvements		Land		Building and improvements		Total (1)		and amortization			Date of construction	Date acquired	statement is computed
1633 Broadway	$	1,250,000	$	502,846	$	1,398,341	$	-	$	162,478	$	502,846	$	1,560,819	$	2,063,665	$	(303,580	)	1971	11/2014	5 to 40 Years
1301 Avenue of the Americas		860,000		406,039		1,051,697		-		115,915		406,039		1,167,612		1,573,651		(222,644	)	1963	11/2014	5 to 40 Years
31 West 52nd Street		500,000		221,318		604,994		-		74,983		221,318		679,977		901,295		(122,721	)	1987	11/2014	5 to 40 Years
1325 Avenue of the Americas		-		174,688		370,553		-		63,534		174,688		434,087		608,775		(82,821	)	1989	11/2014	5 to 40 Years
900 Third Avenue		-		103,741		296,031		-		24,404		103,741		320,435		424,176		(60,642	)	1983	11/2014	5 to 40 Years
Total New York		2,610,000		1,408,632		3,721,616		-		441,314		1,408,632		4,162,930		5,571,562		(792,408	)
One Market Plaza		975,000		288,743		988,014		-		94,621		288,743		1,082,635		1,371,378		(208,368	)	1976	11/2014	5 to 40 Years
300 Mission Street		273,000		141,097		343,819		-		52,845		141,097		396,664		537,761		(56,473	)	1968	07/2017	5 to 40 Years
One Front Street		-		127,765		376,919		-		21,038		127,765		397,957		525,722		(49,871	)	1979	12/2016	5 to 40 Years
Total San Francisco		1,248,000		557,605		1,708,752		-		168,504		557,605		1,877,256		2,434,861		(314,712	)
Other		-		-		-		-		21,638		-		21,638		21,638		(5,857	)		11/2014	5 to 40 Years
Total	$	3,858,000	$	1,966,237	$	5,430,368	$	-	$	631,456	$	1,966,237	$	6,061,824	$	8,028,061	$	(1,112,977	)

⁽¹⁾ The basis of the Company’s assets for tax purposes is approximately $2.4 billion lower than the amount reported for financial statement purposes.

PARAMOUNT GROUP, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

	For the Year Ended December 31,
(Amounts in thousands)	2021			2020			2019
Real Estate:
Beginning balance	$	7,963,315		$	7,889,885		$	7,793,784
Acquisitions		-			-			-
Additions during the year:
Land		-			-			-
Buildings and improvements		111,340			82,571			104,408
Assets sold and written-off		(46,594	)		(9,141	)		(8,307	)
Ending balance	$	8,028,061		$	7,963,315		$	7,889,885
Accumulated Depreciation:
Beginning balance	$	966,697		$	790,216		$	617,974
Additions charged to expense		192,874			185,622			180,549
Accumulated depreciation related    to assets sold and written-off		(46,594	)		(9,141	)		(8,307	)
Ending balance	$	1,112,977		$	966,697		$	790,216