Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 42,046	$ 37,379
Real estate facilities, at cost
Land	772,399	762,731
Buildings and improvements	2,171,281	2,157,407
Gross real estate investment property	2,943,680	2,920,138
Accumulated depreciation	(1,135,107)	(1,097,748)
Net real estate investment property	1,808,573	1,822,390
Properties held for sale, net	124,680	128,093
Land and building held for development	31,841	30,848
Total real estate investments	1,965,094	1,981,331
Rent receivable, net	2,308	1,403
Deferred rent receivable, net	34,572	33,308
Other assets	13,524	15,173
Total assets	2,057,544	2,068,594
LIABILITIES AND EQUITY
Accrued and other liabilities	80,367	85,141
Total liabilities	80,367	85,141
Commitments and contingencies
PS Business Parks, Inc.'s shareholders' equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 38,390 shares issued and outstanding at June 30, 2019 and December 31, 2018	959,750	959,750
Common stock, $0.01 par value, 100,000,000 shares authorized, 27,429,756 and 27,362,101 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	274	274
Paid-in capital	733,777	736,131
Accumulated earnings	67,049	69,207
Total PS Business Parks, Inc.'s shareholders' equity	1,760,850	1,765,362
Noncontrolling interests	216,327	218,091
Total equity	1,977,177	1,983,453
Total liabilities and equity	$ 2,057,544	$ 2,068,594