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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Real estate assets    
Land $ 1,413,269 $ 1,265,399
Building and improvements 4,765,915 4,502,235
Tenant improvements 403,359 373,778
Furniture and fixtures 7,230 4,276
Property under development 247,634 295,239
Total real estate held for investment 6,837,407 6,440,927
Accumulated depreciation and amortization (506,118) (419,368)
Investment in real estate, net 6,331,289 6,021,559
Cash and cash equivalents 73,242 83,015
Restricted cash 17,284 25,177
Accounts receivable, net 4,088 6,852
Straight-line rent receivables, net 93,093 87,281
Deferred leasing costs and lease intangible assets, net 282,272 309,962
Derivative assets 5,858 5,935
Goodwill 8,754 8,754
Prepaid expenses and other assets, net 32,777 27,153
Investment in unconsolidated entities 15,377 37,228
Assets associated with real estate held for sale 0 66,082
TOTAL ASSETS 6,864,034 6,678,998
LIABILITIES AND EQUITY    
Notes payable, net 2,598,780 2,688,010
Accounts payable and accrued liabilities 134,237 120,444
Lease intangible liabilities, net 66,438 80,130
Security deposits 35,655 31,495
Prepaid rent 33,344 40,755
Derivative liabilities 987 1,303
Liabilities associated with real estate held for sale 0 3,934
TOTAL LIABILITIES 2,869,441 2,966,071
6.25% Series A cumulative redeemable preferred units of the operating partnership 10,177 10,177
Hudson Pacific Properties, Inc. stockholders’ equity:    
Common stock, $0.01 par value, 490,000,000 authorized, 155,301,850 shares and 136,492,235 shares outstanding at June 30, 2017 and December 31, 2016, respectively 1,553 1,364
Additional paid-in capital 3,656,009 3,109,394
Accumulated other comprehensive income 5,960 9,496
Accumulated income (deficit) 7,592 (16,971)
Total Hudson Pacific Properties, Inc. stockholders’ equity 3,671,114 3,103,283
Hudson Pacific Properties, L.P. partners’ capital:    
Accumulated other comprehensive income 5,960 9,496
TOTAL EQUITY 3,984,416 3,702,750
TOTAL LIABILITIES AND EQUITY 6,864,034 6,678,998
Hudson Pacific Partners L.P.    
Real estate assets    
Land 1,413,269 1,265,399
Building and improvements 4,765,915 4,502,235
Tenant improvements 403,359 373,778
Furniture and fixtures 7,230 4,276
Property under development 247,634 295,239
Total real estate held for investment 6,837,407 6,440,927
Accumulated depreciation and amortization (506,118) (419,368)
Investment in real estate, net 6,331,289 6,021,559
Cash and cash equivalents 73,242 83,015
Restricted cash 17,284 25,177
Accounts receivable, net 4,088 6,852
Straight-line rent receivables, net 93,093 87,281
Deferred leasing costs and lease intangible assets, net 282,272 309,962
Derivative assets 5,858 5,935
Goodwill 8,754 8,754
Prepaid expenses and other assets, net 32,777 27,153
Investment in unconsolidated entities 15,377 37,228
Assets associated with real estate held for sale 0 66,082
TOTAL ASSETS 6,864,034 6,678,998
LIABILITIES AND EQUITY    
Notes payable, net 2,598,780 2,688,010
Accounts payable and accrued liabilities 134,237 120,444
Lease intangible liabilities, net 66,438 80,130
Security deposits 35,655 31,495
Prepaid rent 33,344 40,755
Derivative liabilities 987 1,303
Liabilities associated with real estate held for sale 0 3,934
TOTAL LIABILITIES 2,869,441 2,966,071
6.25% Series A cumulative redeemable preferred units of the operating partnership 10,177 10,177
Hudson Pacific Properties, Inc. stockholders’ equity:    
Accumulated other comprehensive income 5,982 5,878
Hudson Pacific Properties, L.P. partners’ capital:    
Common units, 155,870,895 and 145,942,855 issued and outstanding at June 30, 2017 and December 31, 2016, respectively. 3,678,536 3,392,264
Accumulated other comprehensive income 5,982 5,878
Total Hudson Pacific Properties, L.P. partners’ capital 3,684,518 3,398,142
Non-controlling interest—members in consolidated entities 299,898 304,608
TOTAL CAPITAL 3,984,416 3,702,750
TOTAL LIABILITIES AND EQUITY 6,864,034 6,678,998
Non-controlling interest—members in consolidated entities    
Hudson Pacific Properties, L.P. partners’ capital:    
Non-controlling interest—members in Consolidated Entities and Non-controlling units in the Operating Partnership 299,898 304,608
Non-controlling interest—units in the operating partnership    
Hudson Pacific Properties, L.P. partners’ capital:    
Non-controlling interest—members in Consolidated Entities and Non-controlling units in the Operating Partnership 13,404 294,859
TOTAL EQUITY $ 13,404 $ 294,859