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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Real estate, at cost:    
Land $ 1,966,237 $ 1,966,237
Buildings and improvements 6,080,289 6,061,824
Rental property, at cost 8,046,526 8,028,061
Accumulated depreciation and amortization (1,152,264) (1,112,977)
Real estate, net 6,894,262 6,915,084
Cash and cash equivalents 461,995 524,900
Restricted cash 6,331 4,766
Investments in unconsolidated joint ventures 423,219 408,096
Investments in unconsolidated real estate funds 11,573 11,421
Accounts and other receivables 11,678 15,582
Due from affiliates 49,316  
Deferred rent receivable 330,944 332,735
Deferred charges, net of accumulated amortization of $57,324 and $70,666 120,557 122,177
Intangible assets, net of accumulated amortization of $226,822 and $252,142 112,108 119,413
Other assets 76,599 40,388
Total assets [1] 8,498,582 8,494,562
Liabilities and Equity    
Notes and mortgages payable, net of unamortized deferred financing costs of $21,206 and $22,380 3,836,794 3,835,620
Revolving credit facility 0 0
Accounts payable and accrued expenses 111,171 116,192
Dividends and distributions payable 18,777 16,895
Intangible liabilities, net of accumulated amortization of $95,530 and $105,790 43,196 45,328
Other liabilities 25,621 25,495
Total liabilities [1] 4,035,559 4,039,530
Commitments and contingencies
Paramount Group, Inc. equity:    
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 219,077,024 and 218,991,795 shares in 2022 and 2021, respectively 2,190 2,190
Additional paid-in-capital 4,120,077 4,122,680
Earnings less than distributions (552,732) (538,845)
Accumulated other comprehensive income 28,466 2,138
Paramount Group, Inc. equity 3,598,001 3,588,163
Noncontrolling interests in:    
Consolidated joint ventures 417,577 428,833
Consolidated real estate fund 80,909 81,925
Operating Partnership (22,325,258 and 21,740,404 units outstanding) 366,536 356,111
Total equity 4,463,023 4,455,032
Total liabilities and equity $ 8,498,582 $ 8,494,562
[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 90.8% as of March 31, 2022. As of March 31, 2022, the assets and liabilities of the Operating Partnership include $3,987,609 and $2,575,355 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities (“VIEs”).