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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,989 7,987
Building and improvements 2,900,248 2,675,303
Commercial real estate properties, at cost, gross 3,109,433 2,884,486
Less: accumulated depreciation (862,534) (747,304)
Commercial real estate properties, net 2,246,899 2,137,182
Cash and cash equivalents 233,946 204,981
Restricted cash 37,651 65,832
Short-term Investments 0 400,000
Tenant and other receivables, net of allowance of $488 in 2018 25,423 29,437
Deferred rent receivables, net of allowance of $19 in 2018 220,960 200,903
Prepaid expenses and other assets 65,453 64,345
Deferred costs, net 228,150 241,223
Acquired below market ground leases, net 352,566 360,398
Right of use assets 29,307  
Goodwill 491,479 491,479
Total assets 3,931,834 4,195,780
Liabilities:    
Mortgage notes payable, net 605,542 608,567
Senior unsecured notes, net 798,392 1,046,219
Unsecured term loan facility, net 264,640 264,147
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 143,786 130,676
Acquired below market leases, net 39,679 52,450
Ground lease liabilities 29,307  
Deferred revenue and other liabilities 72,015 44,810
Tenants’ security deposits 30,560 57,802
Total liabilities 1,983,921 2,204,671
Commitments and contingencies
Capital:    
Total capital 1,947,913 1,991,109
Total liabilities and capital 3,931,834 4,195,780
Private Perpetual Preferred Units, Series 2019    
Capital:    
Series preferred units 21,147  
Private Perpetual Preferred Units, Series 2014    
Capital:    
Series preferred units 8,004 8,004
Series PR Operating Partnership Units    
Capital:    
ESRT partners' capital (2,996,520 and 3,033,261 general partner operating partnership units and 178,897,876 and 171,877,365 limited partner operating partnership units outstanding at December 31, 2019 and 2018, respectively) 1,228,520 1,238,482
Limited partner operating partnership units 680,580 725,108
Series ES Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 7,262 14,399
Series 60 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 1,593 3,385
Series 250 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units $ 807 $ 1,731