XML 114 R13.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Investments in Unconsolidated Real Estate Funds | 12 Months Ended
--- | ---
Dec. 31, 2019
Real Estate Fund [Abstract] |
Investments in Unconsolidated Real Estate Funds | 5. Investments in Unconsolidated Real Estate Funds We are the general partner and investment manager of Paramount Group Real Estate Fund VII, LP (“Fund VII”) and its parallel fund, Paramount Group Real Estate Fund VII-H, LP (“Fund VII-H”), our Property Funds. On January 25, 2019, Fund VII and Fund VII-H sold their only remaining asset, 0 Bond Street, a 65,000 square foot creative office building in the NoHo submarket of Manhattan, for $130,500,000. We are also the general partner and investment manager of Paramount Group Real Estate Fund VIII, LP (“Fund VIII”) and Paramount Group Real Estate Fund X, LP and its parallel fund, Paramount Group Real Estate Fund X-ECI, LP, (collectively “Fund X”), our Alternative Investment Funds, which invest in mortgage and mezzanine loans and preferred equity investments. As of December 31, 2019, Fund VIII has invested $646,738,000 of the $775,200,000 of capital committed and Fund X has invested $78,600,000 of the $192,000,000 of capital committed. As of December 31, 2019, our ownership interest in Fund VIII and Fund X was approximately 1.3% and 7.8%, respectively. The following tables summarize our investments in these unconsolidated real estate funds as of the dates thereof and the income or loss recognized for the periods set forth below.
| As of December 31, |
(Amounts in thousands) | 2019 |  |  | 2018 |
Our Share of Investments: |  |  |  |  |  |  |
Property Funds | $ | 33 |  |  | $ | 2,340 |
Alternative Investment Funds |  | 10,284 |  |  |  | 8,012 |
Investments in unconsolidated real estate funds | $ | 10,317 |  |  | $ | 10,352 |
| For the Year Ended December 31, |
(Amounts in thousands) | 2019 |  |  | 2018 |  |  | 2017 |
Our Share of Net Loss: |  |  |  |  |  |  |  |  |  |  |
Net investment income | $ | 539 |  |  | $ | 291 |  |  | $ | 236 |
Net realized loss |  | (54 | ) |  |  | - |  |  |  | (126 | )
Net unrealized loss |  | (828 | ) |  |  | (560 | ) |  |  | (663 | )
Carried interest |  | - |  |  |  | - |  |  |  | (5,590 | )
Loss from unconsolidated real estate funds | $ | (343 | ) |  | $ | (269 | ) |  | $ | (6,143 | )

X
- Definition Investments in unconsolidated real estate funds. + References No definition available. + Details
Name: | pgre_InvestmentsInUnconsolidatedRealEstateFundsTextBlock
Namespace Prefix: | pgre_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Real estate fund. + References No definition available. + Details
Name: | pgre_RealEstateFundAbstract
Namespace Prefix: | pgre_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration