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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,986 7,986
Building and improvements 2,495,901 2,458,473
Commercial real estate properties, at cost 2,705,083 2,667,655
Less: accumulated depreciation (678,250) (656,900)
Commercial real estate properties, net 2,026,833 2,010,755
Cash and cash equivalents 690,471 464,344
Restricted cash 61,699 65,853
Tenant and other receivables, net of allowance of $1,128 and $1,422 in 2018 and 2017, respectively 25,156 28,329
Deferred rent receivables, net of allowance of $0 and $185 in 2018 and 2017, respectively 184,667 178,629
Prepaid expenses and other assets 39,393 61,028
Deferred costs, net 255,844 262,701
Acquired below-market ground leases, net 366,271 368,229
Goodwill 491,479 491,479
Total assets 4,141,813 3,931,347
Liabilities:    
Mortgage notes payable, net 610,826 717,164
Senior unsecured notes, net 1,043,677 707,895
Unsecured term loan facility, net 263,777 263,662
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 106,830 110,849
Acquired below-market leases, net 62,418 66,047
Deferred revenue and other liabilities 37,499 40,907
Tenants’ security deposits 43,448 47,086
Total liabilities 2,168,475 1,953,610
Commitments and contingencies
Capital:    
Private perpetual preferred units, $16.62 per unit liquidation preference, 1,560,360 issued and outstanding in 2018 and 2017 8,004 8,004
Total capital 1,973,338 1,977,737
Total liabilities and capital 4,141,813 3,931,347
Series PR operating partnership units    
Capital:    
ESRT partner's capital (3,029,964 and 3,004,095 general partner operating partnership units and 161,339,246 and 158,472,949 limited partner operating partnership units outstanding in 2018 and 2017, respectively) 1,173,529 1,168,282
Limited partner operating partnership units 770,698 778,279
Series ES operating partnership units    
Capital:    
Limited partner operating partnership units 15,578 17,132
Series 60 operating partnership units    
Capital:    
Limited partner operating partnership units 3,633 3,992
Series 250 operating partnership units    
Capital:    
Limited partner operating partnership units $ 1,896 $ 2,048