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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,479 6,986
Building and improvements 2,036,187 1,931,681
Commercial real estate properties, at cost 2,244,862 2,139,863
Less: accumulated depreciation (445,549) (377,552)
Commercial real estate properties, net 1,799,313 1,762,311
Cash and cash equivalents 46,388 45,732
Restricted cash 64,899 60,273
Tenant and other receivables, net of allowance of $2,742 and $1,427 in 2015 and 2014, respectively 32,406 23,745
Deferred rent receivables, net of allowance of $99 and $420 in 2015 and 2014, respectively 116,208 102,104
Prepaid expenses and other assets 33,759 48,504
Deferred costs, net 338,466 370,460
Acquired below-market ground leases, net 385,849 391,887
Goodwill 491,479 491,479
Total assets 3,308,767 3,296,495
Liabilities:    
Mortgage notes payable 754,738 903,985
Senior unsecured notes 589,670 237,667
Unsecured term loan facility 265,000 0
Unsecured revolving credit facility 20,000 0
Term loan and credit facility 0 470,000
Accounts payable and accrued expenses 106,699 96,563
Acquired below-market leases, net 112,312 138,859
Deferred revenue and other liabilities 38,066 27,876
Tenants’ security deposits 49,672 40,448
Total liabilities $ 1,936,157 $ 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 1,372,610 1,381,097
Total liabilities and capital 3,308,767 3,296,495
Series PR operating partnership units    
Capital:    
ESRT partner's capital (2,675,794 and 2,671,043 general partner operating partnership units and 115,278,240 and 104,520,844 limited partner operating partnership units outstanding in 2015 and 2014, respectively) 516,571 468,638
Limited partner operating partnership units 817,332 868,163
Series ES operating partnership units    
Capital:    
Limited partner operating partnership units 22,517 26,488
Series 60 operating partnership units    
Capital:    
Limited partner operating partnership units 5,514 6,567
Series 250 operating partnership units    
Capital:    
Limited partner operating partnership units $ 2,672 $ 3,237