Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 3,702	$ 188,912
Real estate facilities, at cost:
Land	793,569	793,569
Buildings and improvements	2,225,062	2,215,515
Gross real estate investment property	3,018,631	3,009,084
Accumulated depreciation	(1,126,239)	(1,082,603)
Net real estate investment property	1,892,392	1,926,481
Land held for future development	6,081	6,081
Total real estate investments	1,898,473	1,932,562
Investment in and advances to unconsolidated joint venture	39,976	26,736
Rent receivable, net	2,303	2,234
Deferred rent receivable, net	29,544	28,327
Other assets	8,084	7,887
Total assets	1,982,082	2,186,658
LIABILITIES AND EQUITY
Accrued and other liabilities	74,335	76,059
Credit facility	54,000
Mortgage note payable		250,000
Total liabilities	128,335	326,059
Commitments and contingencies
PS Business Parks, Inc.'s shareholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 36,800 shares issued and outstanding at June 30, 2016 and December 31, 2015	920,000	920,000
Common stock, $0.01 par value, 100,000,000 shares authorized, 27,084,500 and 27,034,073 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	270	269
Paid-in capital	726,944	722,009
Cumulative net income	1,433,645	1,375,421
Cumulative distributions	(1,425,466)	(1,357,203)
Total PS Business Parks, Inc.'s shareholders' equity	1,655,393	1,660,496
Noncontrolling interests:
Common units	198,354	200,103
Total noncontrolling interests	198,354	200,103
Total equity	1,853,747	1,860,599
Total liabilities and equity	$ 1,982,082	$ 2,186,658