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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Commercial real estate properties, at cost:    
Land $ 201,196 $ 201,196
Development costs 7,966 7,989
Building and improvements 2,924,804 2,900,248
Commercial real estate properties, at cost, gross 3,133,966 3,109,433
Less: accumulated depreciation (941,612) (862,534)
Commercial real estate properties, net 2,192,354 2,246,899
Cash and cash equivalents 526,714 233,946
Restricted cash 41,225 37,651
Tenant and other receivables 21,541 25,423
Deferred rent receivables 222,508 220,960
Prepaid expenses and other assets 77,182 65,453
Deferred costs, net 203,853 228,150
Acquired below market ground leases, net 344,735 352,566
Right of use assets 29,104 29,307
Goodwill 491,479 491,479
Total assets 4,150,695 3,931,834
Liabilities:    
Mortgage notes payable, net 775,929 605,542
Senior unsecured notes, net 973,159 798,392
Unsecured term loan facilities, net 387,561 264,640
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 103,203 143,786
Acquired below market leases, net 31,705 39,679
Ground lease liabilities 29,104 29,307
Deferred revenue and other liabilities 88,319 72,015
Tenants’ security deposits 30,408 30,560
Total liabilities 2,419,388 1,983,921
Commitments and contingencies
Capital:    
Total capital 1,731,307 1,947,913
Total liabilities and capital 4,150,695 3,931,834
Private Perpetual Preferred Units, Series 2019    
Capital:    
Series preferred units 21,936 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 (2,852,787 and 2,996,520 general partner operating partnership units and 168,712,617 and 178,897,876 limited partner operating partnership units outstanding at December 31, 2020 and 2019, respectively) 1,055,249 1,228,520
Limited partner operating partnership units 648,543 680,580
Series ES Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units (1,348) 7,262
Series 60 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units (721) 1,593
Series 250 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units $ (356) $ 807