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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,978 7,951
Building and improvements 2,398,964 2,249,482
Commercial real estate properties, at cost 2,608,138 2,458,629
Less: accumulated depreciation (631,916) (556,546)
Commercial real estate properties, net 1,976,222 1,902,083
Cash and cash equivalents 432,105 554,371
Restricted cash 64,020 61,514
Tenant and other receivables, net of allowance of $3,504 and $3,333 in 2017 and 2016, respectively 34,661 22,542
Deferred rent receivables, net of allowance of $187 and $390 in 2017 and 2016, respectively 172,665 152,074
Prepaid expenses and other assets 39,463 53,749
Deferred costs, net 268,132 277,081
Acquired below-market ground leases, net 370,187 376,060
Goodwill 491,479 491,479
Total assets 3,848,934 3,890,953
Liabilities:    
Mortgage notes payable, net 720,830 759,016
Senior unsecured notes, net 592,914 590,388
Unsecured term loan facility, net 263,546 262,927
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 142,690 134,064
Acquired below-market leases, net 70,013 82,300
Deferred revenue and other liabilities 41,320 32,212
Tenants’ security deposits 47,395 47,183
Total liabilities 1,878,708 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 1,970,226 1,982,863
Total liabilities and capital 3,848,934 3,890,953
Series PR operating partnership units    
Capital:    
ESRT partner's capital (3,004,168 and 2,990,931 general partner operating partnership units and 156,423,280 and 152,849,546 limited partner operating partnership units outstanding in 2017 and 2016, respectively) 1,153,631 1,154,136
Limited partner operating partnership units 785,927 793,360
Series ES operating partnership units    
Capital:    
Limited partner operating partnership units 16,741 20,091
Series 60 operating partnership units    
Capital:    
Limited partner operating partnership units 3,957 4,880
Series 250 operating partnership units    
Capital:    
Limited partner operating partnership units $ 1,966 $ 2,392