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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,388 6,986
Building and improvements 1,996,318 1,931,681
Commercial real estate properties, at cost 2,204,902 2,139,863
Less: accumulated depreciation (423,279) (377,552)
Commercial real estate properties, net 1,781,623 1,762,311
Cash and cash equivalents 34,221 45,732
Restricted cash 69,709 60,273
Tenant and other receivables, net of allowance of $2,401 and $1,427 in 2015 and 2014, respectively 16,431 23,745
Deferred rent receivables, net of allowance of $147 and $420 in 2015 and 2014, respectively 111,897 102,104
Prepaid expenses and other assets 47,857 48,504
Deferred costs, net 352,940 370,460
Acquired below-market ground leases, net 387,807 391,887
Goodwill 491,479 491,479
Total assets 3,293,964 3,296,495
Liabilities:    
Mortgage notes payable 759,405 903,985
Senior unsecured notes 589,002 237,667
Unsecured revolving credit facility 285,000 0
Term loan and credit facility 0 470,000
Accounts payable and accrued expenses 101,674 96,563
Acquired below-market leases, net 121,286 138,859
Deferred revenue and other liabilities 18,713 27,876
Tenants’ security deposits 46,338 40,448
Total liabilities $ 1,921,418 $ 1,915,398
Commitments and contingencies    
Capital:    
Private perpetual preferred units, $16.62 per unit liquidation preference, 1,560,360 issued and outstanding in 2015 and 2014 $ 8,004 $ 8,004
Total capital 1,372,546 1,381,097
Total liabilities and capital 3,293,964 3,296,495
Series PR operating partnership units    
Capital:    
ESRT partner's capital (2,675,864 and 2,671,043 general partner operating partnership units and 111,578,022 and 104,520,844 limited partner operating partnership units outstanding in 2015 and 2014, respectively) 492,677 468,638
Limited partner operating partnership units 840,375 868,163
Series ES operating partnership units    
Capital:    
Limited partner operating partnership units 23,125 26,488
Series 60 operating partnership units    
Capital:    
Limited partner operating partnership units 5,621 6,567
Series 250 operating partnership units    
Capital:    
Limited partner operating partnership units $ 2,744 $ 3,237