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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,977 7,951
Building and improvements 2,292,363 2,249,482
Commercial real estate properties, at cost 2,501,536 2,458,629
Less: accumulated depreciation (581,703) (556,546)
Commercial real estate properties, net 1,919,833 1,902,083
Cash and cash equivalents 532,442 554,371
Restricted cash 62,464 61,514
Tenant and other receivables, net of allowance of $3,994 and $3,333 in 2017 and 2016, respectively 20,580 22,542
Deferred rent receivables, net of allowance of $264 and $390 in 2017 and 2016, respectively 158,005 152,074
Prepaid expenses and other assets 36,815 53,749
Deferred costs, net 270,456 277,081
Acquired below-market ground leases, net 374,102 376,060
Goodwill 491,479 491,479
Total assets 3,866,176 3,890,953
Liabilities:    
Mortgage notes payable, net 754,548 759,016
Senior unsecured notes, net 591,232 590,388
Unsecured term loan facility, net 263,019 262,927
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 125,910 134,064
Acquired below-market leases, net 78,246 82,300
Deferred revenue and other liabilities 31,097 32,212
Tenants’ security deposits 47,198 47,183
Total liabilities 1,891,250 1,908,090
Commitments and contingencies
Capital:    
Private perpetual preferred units, $16.62 per unit liquidation preference, 1,560,360 issued and outstanding in 2017 and 2016 8,004 8,004
Total capital 1,974,926 1,982,863
Total liabilities and capital 3,866,176 3,890,953
Series PR operating partnership units    
Capital:    
ESRT partner's capital (3,003,679 and 2,990,931 general partner operating partnership units and 154,780,912 and 152,849,546 limited partner operating partnership units outstanding in 2017 and 2016, respectively) 1,156,273 1,154,136
Limited partner operating partnership units 785,623 793,360
Series ES operating partnership units    
Capital:    
Limited partner operating partnership units 18,465 20,091
Series 60 operating partnership units    
Capital:    
Limited partner operating partnership units 4,408 4,880
Series 250 operating partnership units    
Capital:    
Limited partner operating partnership units $ 2,153 $ 2,392