Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

PARAMOUNT GROUP, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

COLUMN A	COLUMN B		COLUMN C				COLUMN D					COLUMN E								COLUMN F			COLUMN G	COLUMN H	COLUMN I
																									Life on which
																									depreciation
							Costs capitalized					Gross amount at which								Accumulated					in latest
(Amounts in thousands)			Initial cost to company				subsequent to acquisition					carried at close of period								depreciation					income
					Building and				Building and					Buildings and						and			Date of	Date	statement
Description	Encumbrances		Land		Improvements		Land		Improvements			Land		Improvements			Total (1)			amortization			construction	acquired	is computed
1633 Broadway	$	1,013,544	$	502,846	$	1,398,341	$	-	$	38,530		$	502,846	$	1,436,871		$	1,939,717		$	(43,602	)	1971	11/2014	5 to 40 Years
1301 Avenue of the Americas		-		406,039		1,051,697		-		15,433			406,039		1,067,130			1,473,169			(33,761	)	1963	11/2014	5 to 40 Years
31 West 52nd Street		413,490		221,318		604,994		-		3,468			221,318		608,462			829,780			(19,464	)	1987	11/2014	5 to 40 Years
1325 Avenue of the Americas		-		174,688		370,553		-		9,464			174,688		380,017			554,705			(12,820	)	1989	11/2014	5 to 40 Years
900 Third Avenue		274,337		103,741		296,031		-		3,117			103,741		299,148			402,889			(10,791	)	1983	11/2014	5 to 40 Years
Total New York		1,701,371		1,408,632		3,721,616		-		70,012			1,408,632		3,791,628			5,200,260			(120,438	)
425 Eye Street		-		93,669		98,088		-		2,316			93,669		100,404			194,073			(73,284	)	1973	11/2014	5 to 40 Years
Liberty Place		84,000		46,401		96,422		-		9,571			46,401		105,993			152,394			(4,025	)	1993	11/2014	5 to 40 Years
1899 Pennsylvania Avenue		89,116		52,568		94,874		-		3,577			52,568		98,451			151,019			(3,318	)	1915	11/2014	5 to 40 Years
2099 Pennsylvania Avenue		-		50,631		103,992		-		9,994			50,631		113,986			164,617			(3,054	)	2001	11/2014	5 to 40 Years
Waterview		210,000		78,300		297,669		-		36,412			78,300		334,081			412,381			(3,579	)	2007	05/2007	5 to 40 Years
Total Washington, D.C.		383,116		321,569		691,045		-		61,870			321,569		752,915			1,074,484			(87,260	)
One Market Plaza		857,037		288,744		988,014				33,095			288,744		1,021,109			1,309,853			(33,494	)	1976	11/2014	5 to 40 Years
Total California		857,037		288,744		988,014		-		33,095			288,744		1,021,109			1,309,853			(33,494	)
Residential Development Fund ("75 Howard")		-		23,126		41,524		-		4,497			23,126		46,021			69,147			(1,861	)		03/2014	5 to 40 Years
Other		-		-		-		-		(1,627	)		-		(1,627	)		(1,627	)		(36	)		11/2014	5 to 40 Years
Total	$	2,941,524	$	2,042,071	$	5,442,199	$	-	$	167,847		$	2,042,071	$	5,610,046		$	7,652,117		$	(243,089	)

⁽¹⁾ The net basis of the Company’s assets and liabilities for tax purposes is approximately $2.3 billion lower than the net amount reported for financial statement purposes.

	Year Ended December 31,
(Amounts in thousands)	2015			2014			2013
Rental Property
Balance at beginning of period	$	7,530,239		$	414,998		$	414,855
Acquisitions					64,650			-
Acquisition of properties in connection
with the Formation Transactions		-			7,043,650			-
Additions during the period:
Land		-			-			-
Buildings and improvements		123,277			9,676			147
Assets sold and written-off		(1,399	)		(2,735	)		(4	)
Balance at end of period	$	7,652,117		$	7,530,239		$	414,998
Accumulated Depreciation
Balance at beginning of period	$	81,050		$	57,689		$	48,425
Additions charged to expense		163,438			26,096			9,268
Accumulated depreciation on
assets sold and written-off		(1,399	)		(2,735	)		(4	)
Balance at end of period	$	243,089		$	81,050		$	57,689