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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,042,247 $ 3,196,529
Construction in progress 137,369 97,575
Land held for development 5,913 5,910
Total investments in real estate 3,185,529 3,300,014
Accumulated depreciation (1,055,334) (1,060,845)
Net investments in real estate 2,130,195 2,239,169
INVESTMENTS IN PARTNERSHIPS, at equity: 206,618 168,608
OTHER ASSETS:    
Cash and cash equivalents 19,021 9,803
Tenant and other receivables (net of allowance for doubtful accounts of $6,255 and $6,236 at June 30, 2017 and December 31, 2016, respectively) 29,742 39,026
Intangible assets (net of accumulated amortization of $12,165 and $11,064 at June 30, 2017 and December 31, 2016, respectively) 18,645 19,746
Deferred costs and other assets, net 99,886 93,800
Total assets 2,585,666 2,616,832
LIABILITIES:    
Mortgage loans payable, net 1,036,640 1,222,859
Long-term Debt 547,376 397,043
Revolving Facility 52,000 147,000
Tenants’ deposits and deferred rent 11,280 13,262
Distributions in excess of partnership investments 60,659 61,833
Derivative, Net Liability Position, Aggregate Fair Value 654  
Fair value of derivative liabilities   1,520
Accrued expenses and other liabilities 66,126 68,251
Total liabilities 1,811,592 1,914,426
COMMITMENTS AND CONTINGENCIES (Note 6):
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; issued and outstanding 69,809 shares at June 30, 2017 and 69,553 shares at December 31, 2016 69,809 69,553
Capital contributed in excess of par 1,650,746 1,481,787
Accumulated other comprehensive income 3,065 (1,622)
Distributions in excess of net income (1,087,809) (997,789)
Total equity—Pennsylvania Real Estate Investment Trust 635,961 555,254
Noncontrolling interest 138,113 147,152
Total equity 774,074 702,406
Total liabilities and equity 2,585,666 2,616,832
Assets Held-for-sale, Not Part of Disposal Group, Current 81,559 46,680
Real Estate Liabilities Associated with Assets Held for Development and Sale 36,857 2,658
Series A Preferred Shares [Member]    
EQUITY:    
Preferred Shares 46 46
Series B Preferred Shares [Member]    
EQUITY:    
Preferred Shares 35 $ 35
Series C Preferred Stock [Member]    
EQUITY:    
Preferred Shares $ 69