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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,931 7,498
Building and improvements 2,089,792 2,067,636
Commercial real estate properties, at cost 2,298,919 2,276,330
Less: accumulated depreciation (490,427) (465,584)
Commercial real estate properties, net 1,808,492 1,810,746
Cash and cash equivalents 44,440 46,685
Restricted cash 60,165 65,880
Tenant and other receivables, net of allowance of $3,364 and $2,792 in 2016 and 2015, respectively 14,828 18,782
Deferred rent receivables, net of allowance of $231 and $245 in 2016 and 2015, respectively 127,148 122,048
Prepaid expenses and other assets 29,908 50,460
Deferred costs, net 304,977 310,679
Acquired below-market ground leases, net 381,934 383,891
Goodwill 491,479 491,479
Total assets 3,263,371 3,300,650
Liabilities:    
Mortgage notes payable, net 772,015 747,661
Senior unsecured notes, net 587,861 587,018
Unsecured term loan facility, net 262,640 262,545
Unsecured revolving credit facility, net 0 35,192
Accounts payable and accrued expenses 119,104 111,099
Acquired below-market leases, net 96,245 104,171
Deferred revenue and other liabilities 26,802 31,388
Tenants’ security deposits 49,729 48,890
Total liabilities $ 1,914,396 $ 1,927,964
Commitments and contingencies
Capital:    
Private perpetual preferred units, $16.62 per unit liquidation preference, 1,560,360 issued and outstanding in 2016 and 2015 $ 8,004 $ 8,004
Total capital 1,348,975 1,372,686
Total liabilities and capital 3,263,371 3,300,650
Series PR operating partnership units    
Capital:    
ESRT partner's capital (2,694,388 and 2,675,740 general partner operating partnership units and 119,052,312 and 117,347,639 limited partner operating partnership units outstanding in 2016 and 2015, respectively) 520,068 524,729
Limited partner operating partnership units 796,462 809,901
Series ES operating partnership units    
Capital:    
Limited partner operating partnership units 18,049 22,074
Series 60 operating partnership units    
Capital:    
Limited partner operating partnership units 4,308 5,366
Series 250 operating partnership units    
Capital:    
Limited partner operating partnership units $ 2,084 $ 2,612