XML 62 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 8,800 7,989
Building and improvements 2,913,312 2,900,248
Commercial real estate properties, at cost 3,123,308 3,109,433
Less: accumulated depreciation (886,822) (862,534)
Commercial real estate properties, net 2,236,486 2,246,899
Cash and cash equivalents 1,008,983 233,946
Restricted cash 36,881 37,651
Tenant and other receivables 22,549 25,423
Deferred rent receivables 229,154 220,960
Prepaid expenses and other assets 40,583 65,453
Deferred costs, net 218,578 228,150
Acquired below-market ground leases, net 350,609 352,566
Right of use assets 29,256 29,307
Goodwill 491,479 491,479
Total assets 4,664,558 3,931,834
Liabilities:    
Mortgage notes payable, net 604,763 605,542
Senior unsecured notes, net 973,002 798,392
Unsecured term loan facilities, net 386,568 264,640
Unsecured revolving credit facility, net 546,436 0
Accounts payable and accrued expenses 142,315 143,786
Acquired below-market leases, net 37,623 39,679
Ground lease liabilities 29,256 29,307
Deferred revenue and other liabilities 64,176 72,015
Tenants’ security deposits 30,543 30,560
Total liabilities 2,814,682 1,983,921
Commitments and contingencies
Capital:    
Total capital 1,849,876 1,947,913
Total liabilities and capital 4,664,558 3,931,834
Private Perpetual Preferred Units, Series 2019    
Capital:    
Private perpetual preferred units 21,936 21,147
Private Perpetual Preferred Units, Series 2014    
Capital:    
Private perpetual preferred units 8,004 8,004
Series PR Operating Partnership Units    
Capital:    
ESRT partner's capital (2,976,762 and 2,996,520 general partner operating partnership units and 174,151,247 and 178,897,876 limited partner operating partnership units outstanding in 2020 and 2019, respectively) 1,148,584 1,228,520
Limited partner operating partnership units 666,778 680,580
Series ES operating partnership units    
Capital:    
Limited partner operating partnership units 3,652 7,262
Series 60 operating partnership units    
Capital:    
Limited partner operating partnership units 607 1,593
Series 250 operating partnership units    
Capital:    
Limited partner operating partnership units $ 315 $ 807