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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,987 7,987
Building and improvements 2,784,472 2,675,303
Commercial real estate properties, at cost 2,993,655 2,884,486
Less: accumulated depreciation (809,197) (747,304)
Commercial real estate properties, net 2,184,458 2,137,182
Cash and cash equivalents 375,335 204,981
Restricted cash 38,043 65,832
Short-term investments 150,000 400,000
Tenant and other receivables, net of allowance of $488 as of December 31, 2018 31,264 29,437
Deferred rent receivables, net of allowance of $19 as of December 31, 2018 209,510 200,903
Prepaid expenses and other assets 60,818 64,345
Deferred costs, net 228,782 241,223
Acquired below-market ground leases, net 356,482 360,398
Right of use assets 29,404  
Goodwill 491,479 491,479
Total assets 4,155,575 4,195,780
Liabilities:    
Mortgage notes payable, net 607,072 608,567
Senior unsecured notes, net 1,047,939 1,046,219
Unsecured term loan facility, net 264,394 264,147
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 131,842 130,676
Acquired below-market leases, net 45,651 52,450
Ground lease liabilities 29,404  
Deferred revenue and other liabilities 48,858 44,810
Tenants’ security deposits 32,383 57,802
Total liabilities 2,207,543 2,204,671
Commitments and contingencies
Capital:    
Private perpetual preferred units, $16.62 per unit liquidation preference, 1,560,360 issued and outstanding in 2019 and 2018 8,004 8,004
Total capital 1,948,032 1,991,109
Total liabilities and capital 4,155,575 4,195,780
Series PR operating partnership units    
Capital:    
ESRT partner's capital (3,048,918 and 3,033,261 general partner operating partnership units and 174,971,987 and 171,877,365 limited partner operating partnership units outstanding in 2019 and 2018, respectively) 1,215,647 1,238,482
Limited partner operating partnership units 713,039 725,108
Series ES operating partnership units    
Capital:    
Limited partner operating partnership units 8,508 14,399
Series 60 operating partnership units    
Capital:    
Limited partner operating partnership units 1,871 3,385
Series 250 operating partnership units    
Capital:    
Limited partner operating partnership units $ 963 $ 1,731