Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 117,881	$ 62,786
Real estate facilities, at cost
Land	855,542	844,419
Buildings and improvements	2,213,798	2,203,308
Gross real estate investment property	3,069,340	3,047,727
Accumulated depreciation	(1,210,473)	(1,158,489)
Net real estate investment property	1,858,867	1,889,238
Properties held for sale, net		15,264
Land and building held for development, net	35,506	28,110
Total real estate investments	1,894,373	1,932,612
Rent receivable	1,790	1,392
Deferred rent receivable	37,361	32,993
Other assets	13,348	16,660
Total assets	2,064,753	2,046,443
LIABILITIES AND EQUITY
Accrued and other liabilities	87,808	84,632
Total liabilities	87,808	84,632
Commitments and contingencies
PS Business Parks, Inc.'s shareholders' equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 37,790 shares issued and outstanding at ($944,750 aggregate liquidation preference) September 30, 2020 and December 31, 2019	944,750	944,750
Common stock, $0.01 par value, 100,000,000 shares authorized, 27,486,788 and 27,440,953 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	274	274
Paid-in capital	737,065	736,986
Accumulated earnings	75,393	63,666
Total PS Business Parks, Inc.'s shareholders' equity	1,757,482	1,745,676
Noncontrolling interests	219,463	216,135
Total equity	1,976,945	1,961,811
Total liabilities and equity	$ 2,064,753	$ 2,046,443