XML 16 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,986 7,951
Building and improvements 2,458,473 2,249,482
Commercial real estate properties, at cost, gross 2,667,655 2,458,629
Less: accumulated depreciation (656,900) (556,546)
Commercial real estate properties, net 2,010,755 1,902,083
Cash and cash equivalents 464,344 554,371
Restricted cash 65,853 61,514
Tenant and other receivables, net of allowance of $1,422 and $3,333 in 2017 and 2016, respectively 28,329 22,542
Deferred rent receivables, net of allowance of $185 and $390 in 2017 and 2016, respectively 178,629 152,074
Prepaid expenses and other assets 61,028 53,749
Deferred costs, net 262,701 277,081
Acquired below market ground leases, net 368,229 376,060
Goodwill 491,479 491,479
Total assets 3,931,347 3,890,953
Liabilities:    
Mortgage notes payable, net 717,164 759,016
Senior unsecured notes, net 707,895 590,388
Unsecured term loan facility, net 263,662 262,927
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 110,849 134,064
Acquired below market leases, net 66,047 82,300
Deferred revenue and other liabilities 40,907 32,212
Tenants’ security deposits 47,086 47,183
Total liabilities 1,953,610 1,908,090
Commitments and contingencies
Capital:    
Private perpetual preferred units, $16.62 per unit liquidation preference, 1,560,360 issued and outstanding in 2017 and 2016, respectively 8,004 8,004
Total capital 1,977,737 1,982,863
Total liabilities and capital 3,931,347 3,890,953
Series PR Operating Partnership Units [Member]    
Capital:    
ESRT partners' capital (3,004,095 and 2,990,931 general partner operating partnership units and 158,472,949 and 152,849,546 limited partner operating partnership units outstanding at December 31, 2017 and 2016, respectively) 1,168,282 1,154,136
Limited partner operating partnership units 778,279 793,360
Series ES Operating Partnership Units [Member]    
Capital:    
Limited partner operating partnership units 17,132 20,091
Series 60 Operating Partnership Units [Member]    
Capital:    
Limited partner operating partnership units 3,992 4,880
Series 250 Operating Partnership Units [Member]    
Capital:    
Limited partner operating partnership units $ 2,048 $ 2,392