Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 200,194	$ 152,467
Real estate facilities, at cost:
Land	793,569	793,569
Buildings and improvements	2,200,094	2,182,993
Gross real estate investment property	2,993,663	2,976,562
Accumulated depreciation	(1,036,023)	(991,497)
Net real estate investment property	1,957,640	1,985,065
Properties held for disposition, net	14,267	25,937
Land and building held for development	26,288	24,442
Total real estate investments	1,998,195	2,035,444
Rent receivable, net	4,538	2,838
Deferred rent receivable, net	28,199	26,050
Other assets	8,493	10,315
Total assets	2,239,619	2,227,114
LIABILITIES AND EQUITY
Accrued and other liabilities	70,014	68,905
Mortgage note payable	250,000	250,000
Total liabilities	$ 320,014	$ 318,905
Commitments and contingencies
PS Business Parks, Inc.'s shareholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 39,800 shares issued and outstanding at June 30, 2015 and December 31, 2014	$ 995,000	$ 995,000
Common stock, $0.01 par value, 100,000,000 shares authorized, 26,971,885 and 26,919,161 shares issued and outstanding at June 30, 2015 and December 31, 2014 respectively	268	268
Paid-in capital	714,182	709,008
Cumulative net income	1,306,231	1,244,946
Cumulative distributions	(1,293,133)	(1,235,941)
Total PS Business Parks, Inc.'s shareholders' equity	1,722,548	1,713,281
Noncontrolling interests:
Common units	197,057	194,928
Total noncontrolling interests	197,057	194,928
Total equity	1,919,605	1,908,209
Total liabilities and equity	$ 2,239,619	$ 2,227,114