CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Real estate, at cost
Land		$ 1,966,237	$ 1,966,237
Buildings and improvements		5,997,078	5,923,648
Rental property, at cost		7,963,315	7,889,885
Accumulated depreciation and amortization		(966,697)	(790,216)
Real estate, net		6,996,618	7,099,669
Cash and cash equivalents		434,530	306,215
Restricted cash		30,794	25,272
Investments in unconsolidated joint ventures		412,724	449,180
Investments in unconsolidated real estate funds		12,917	10,317
Accounts and other receivables		17,502	19,231
Due from affiliates			36,918
Deferred rent receivable		330,239	301,588
Deferred charges, net of accumulated amortization of $56,612 and $42,096		116,278	126,367
Intangible assets, net of accumulated amortization of $283,332 and $262,930		153,519	203,169
Assets related to discontinued operations			104,836
Other assets		48,976	51,373
Total assets	[1]	8,554,097	8,734,135
Liabilities and Equity
Notes and mortgages payable, net of unamortized deferred financing costs of $18,695 and $25,792		3,800,739	3,783,851
Revolving credit facility		0	36,918
Accounts payable and accrued expenses		101,901	117,356
Dividends and distributions payable		16,796	25,255
Intangible liabilities, net of accumulated amortization of $107,981 and $100,881		55,996	73,789
Other liabilities		62,931	66,004
Total liabilities	[1]	4,038,363	4,103,173
Commitments and contingencies
Paramount Group, Inc. equity:
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 218,817,337 and 227,432,030 shares in 2020 and 2019, respectively		2,188	2,274
Additional paid-in-capital		4,120,173	4,133,184
Earnings less than distributions		(456,393)	(349,557)
Accumulated other comprehensive loss		(12,791)	(171)
Paramount Group, Inc. equity		3,653,177	3,785,730
Noncontrolling interests in:
Consolidated joint ventures		437,161	360,778
Consolidated real estate fund		79,017	72,396
Operating Partnership (20,756,618 and 24,758,472 units outstanding)		346,379	412,058
Total equity		4,515,734	4,630,962
Total liabilities and equity		$ 8,554,097	$ 8,734,135

[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 91.3% as of December 31, 2020. The assets and liabilities of the Operating Partnership, as of December 31, 2020, include $4,025,387 and $2,546,914 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities (“VIEs”).