2015 Q3 Form 10-Q Financial Statement
#000156459015010605 Filed on November 12, 2015
Income Statement
| Concept | 2015 Q3 |
|---|---|
| Revenue | $167.7M |
| YoY Change | 134.91% |
| Cost Of Revenue | $63.40M |
| YoY Change | 1340.91% |
| Gross Profit | $104.4M |
| YoY Change | 55.82% |
| Gross Profit Margin | 62.24% |
| Selling, General & Admin | $6.700M |
| YoY Change | -25.56% |
| % of Gross Profit | 6.42% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $70.70M |
| YoY Change | 2337.93% |
| % of Gross Profit | 67.72% |
| Operating Expenses | $141.2M |
| YoY Change | 961.35% |
| Operating Profit | $26.57M |
| YoY Change | -50.53% |
| Interest Expense | $42.24M |
| YoY Change | -730.4% |
| % of Operating Profit | 158.98% |
| Other Income/Expense, Net | |
| YoY Change | |
| Pretax Income | $10.15M |
| YoY Change | -78.41% |
| Income Tax | $789.0K |
| % Of Pretax Income | 7.78% |
| Net Earnings | $1.116M |
| YoY Change | -91.35% |
| Net Earnings / Revenue | 0.67% |
| Basic Earnings Per Share | $0.01 |
| Diluted Earnings Per Share | $0.01 |
| COMMON SHARES | |
| Basic Shares Outstanding | 212.1M |
| Diluted Shares Outstanding | 212.1M |
Balance Sheet
| Concept | 2015 Q3 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $418.1M |
| YoY Change | 64.22% |
| Cash & Equivalents | $418.1M |
| Short-Term Investments | |
| Other Short-Term Assets | |
| YoY Change | |
| Inventory | |
| Prepaid Expenses | |
| Receivables | $12.30M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $430.4M |
| YoY Change | 53.66% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $7.408B |
| YoY Change | 1683.29% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $363.3M |
| YoY Change | -84.59% |
| Other Assets | $205.3M |
| YoY Change | 405.67% |
| Total Long-Term Assets | $8.556B |
| YoY Change | 201.33% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $430.4M |
| Total Long-Term Assets | $8.556B |
| Total Assets | $8.987B |
| YoY Change | 188.08% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $97.20M |
| YoY Change | 636.36% |
| Accrued Expenses | |
| YoY Change | |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $122.3M |
| YoY Change | 826.52% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $2.926B |
| YoY Change | 442.44% |
| Other Long-Term Liabilities | $401.3M |
| YoY Change | 104.02% |
| Total Long-Term Liabilities | $3.327B |
| YoY Change | 352.0% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $122.3M |
| Total Long-Term Liabilities | $3.327B |
| Total Liabilities | $5.131B |
| YoY Change | 81.99% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $3.856B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $8.987B |
| YoY Change | 188.08% |
Cashflow Statement
| Concept | 2015 Q3 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $1.116M |
| YoY Change | -91.35% |
| Depreciation, Depletion And Amortization | $70.70M |
| YoY Change | 2337.93% |
| Cash From Operating Activities | -$4.100M |
| YoY Change | -103.33% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$26.60M |
| YoY Change | |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$36.60M |
| YoY Change | 480.95% |
| Cash From Investing Activities | -$63.00M |
| YoY Change | 900.0% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 47.20M |
| YoY Change | -230.75% |
| NET CHANGE | |
| Cash From Operating Activities | -4.100M |
| Cash From Investing Activities | -63.00M |
| Cash From Financing Activities | 47.20M |
| Net Change In Cash | -19.90M |
| YoY Change | -124.63% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$4.100M |
| Capital Expenditures | -$26.60M |
| Free Cash Flow | $22.50M |
| YoY Change | -81.74% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5534866000 | |
| CY2015Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
25066000 | |
| CY2015Q3 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
897680000 | |
| CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5554953000 | |
| CY2015Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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| CY2014Q4 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
958203000 | |
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Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
365000 | |
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Allowance For Doubtful Accounts Premiums And Other Receivables
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|
333000 | |
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6224000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6224000 | ||
| CY2015Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
70654000 | |
| CY2015Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6666000 | |
| CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
141159000 | |
| us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
435630000 | ||
| CY2015Q3 | pgre |
Fee And Other Real Estate Revenue
FeeAndOtherRealEstateRevenue
|
6851000 | |
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Operating Costs And Expenses
OperatingCostsAndExpenses
|
63354000 | |
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Interest Rate Derivative Liabilities At Fair Value
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|
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Deferred Income Tax Liabilities
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|
2861000 | |
| CY2014Q4 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
219228000 | |
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9030441000 | |
| pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Joint Ventures
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInJointVentures
|
17641000 | ||
| CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-9167000 | |
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Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-18059000 | ||
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|
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Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
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|
272000 | |
| CY2015Q3 | pgre |
Accumulated Amortization Deferred Cost
AccumulatedAmortizationDeferredCost
|
14311000 | |
| CY2014Q4 | pgre |
Accumulated Amortization Deferred Cost
AccumulatedAmortizationDeferredCost
|
10859000 | |
| CY2014Q4 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
3757000 | |
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2015Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
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|
15772000 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
3784000 | ||
| us-gaap |
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|
-3239000 | ||
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|
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Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
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Pro Rata Share Of Other Comprehensive Loss Of Unconsolidated Joint Ventures
ProRataShareOfOtherComprehensiveLossOfUnconsolidatedJointVentures
|
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| pgre |
Pro Rata Share Of Other Comprehensive Loss Of Unconsolidated Joint Ventures
ProRataShareOfOtherComprehensiveLossOfUnconsolidatedJointVentures
|
-535000 | ||
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Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Joint Ventures
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInJointVentures
|
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| CY2015Q3 | pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Operating Partnership
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|
-3356000 | |
| pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Operating Partnership
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|
-6987000 | ||
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Comprehensive Income Net Of Tax
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|
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Comprehensive Income Net Of Tax
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|
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Dividends
Dividends
|
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| pgre |
Minority Interest Increase From Contributions By Noncontrolling Interest Holders
MinorityInterestIncreaseFromContributionsByNoncontrollingInterestHolders
|
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Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
54975000 | ||
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Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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|
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Stockholders Equity Other
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|
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Straight Line Rent
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| pgre |
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|
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| us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
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Amortization Of Above And Below Market Leases
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|
-3239000 | ||
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Amortization Of Financing Costs
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|
1754000 | ||
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Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-5100000 | ||
| us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
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|
11290000 | ||
| pgre |
Increase Decrease In Real Estate Fund Investments
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|
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Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
4621000 | ||
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Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
18754000 | ||
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Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
21441000 | ||
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Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-8343000 | ||
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
301000 | ||
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1008000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
58216000 | ||
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Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
|
68484000 | ||
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Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
26971000 | ||
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Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
19000 | ||
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Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
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Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
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Payments Of Dividends
PaymentsOfDividends
|
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Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
54975000 | ||
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Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1024000 | ||
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Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
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| pgre |
Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
|
25066000 | ||
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Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
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Finite Lived Intangible Assets Accumulated Amortization
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|
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Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
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| CY2015Q3 | us-gaap |
Operating Leases Income Statement Lease Revenue
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|
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Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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Tenant Reimbursements
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|
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| us-gaap |
Tenant Reimbursements
TenantReimbursements
|
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| pgre |
Fee And Other Real Estate Revenue
FeeAndOtherRealEstateRevenue
|
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Real Estate Revenue Net
RealEstateRevenueNet
|
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| us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
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Operating Costs And Expenses
OperatingCostsAndExpenses
|
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Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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Common Stock Shares Issued
CommonStockSharesIssued
|
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Common Stock Shares Issued
CommonStockSharesIssued
|
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
212111937 | |
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
212106718 | |
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Other Ownership Interests Units Outstanding
OtherOwnershipInterestsUnitsOutstanding
|
51660088 | |
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Other Ownership Interests Units Outstanding
OtherOwnershipInterestsUnitsOutstanding
|
51543993 | |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
223658000 | ||
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
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Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
485000 | |
| us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
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Operating Expenses
OperatingExpenses
|
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Operating Income Loss
OperatingIncomeLoss
|
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| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
46959000 | ||
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Income From Real Estate Fund
IncomeFromRealEstateFund
|
10933000 | |
| pgre |
Income From Real Estate Fund
IncomeFromRealEstateFund
|
30226000 | ||
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Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
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| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
4444000 | ||
| us-gaap |
Unrealized Gain Loss On Derivatives
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|
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Interest And Other Income Loss Net
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|
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| pgre |
Interest And Other Income Loss Net
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|
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Interest And Debt Expense
InterestAndDebtExpense
|
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Interest And Debt Expense
InterestAndDebtExpense
|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
10146000 | |
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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Profit Loss
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|
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| us-gaap |
Profit Loss
ProfitLoss
|
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Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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Net Income Loss
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Net Income Loss
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Earnings Per Share Basic
EarningsPerShareBasic
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0.01 | |
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Earnings Per Share Basic
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|
-0.06 | ||
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
212106718 | |
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
212106718 | ||
| CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | ||
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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212106718 | ||
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Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
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Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.324 | ||
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Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
|
-1087000 | ||
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Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.039 | |
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Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-20504000 | ||
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Interest Paid Net
InterestPaidNet
|
119278000 | ||
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Income Taxes Paid Net
IncomeTaxesPaidNet
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| pgre |
Change In Value Of Forward Interest Rate Swap
ChangeInValueOfForwardInterestRateSwap
|
18602000 | ||
| pgre |
Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
|
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Noncash Activity Purchase Or Sale Of Marketable Securities
NoncashActivityPurchaseOrSaleOfMarketableSecurities
|
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Nature Of Operations
NatureOfOperations
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:1pt;"> </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:12pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</p></td> <td valign="top"> <p style="margin-bottom:0pt;margin-top:12pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Organization and Business</p></td></tr></table></div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As used in these consolidated and combined financial statements, unless indicated otherwise, all references to “we,” “us,” “our,” the “Company,” and “Paramount” refer to Paramount Group, Inc. and its consolidated subsidiaries, including Paramount Group Operating Partnership LP, upon completion of the Formation Transactions (as more fully described below) and the initial public offering of common stock. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are a fully-integrated real estate investment trust (“REIT”) focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City, Washington, D.C. and San Francisco. As of September 30, 2015, our portfolio consisted of 12 Class A office properties aggregating approximately 10.4 million square feet that had an occupancy rate of 91.1%. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We were incorporated in Maryland as a corporation on April 14, 2014 to continue the business of our Predecessor, as defined, and did not have any meaningful operations until the acquisition of substantially all of the assets of our Predecessor and the assets of the Property Funds, as defined, that it controlled, as well as the interests of unaffiliated third parties in certain properties. Our properties were acquired through a series of Formation Transactions (the “Formation Transactions”) concurrently with our initial public offering of 150,650,000 common shares at a public offering price of $17.50 per share on November 24, 2014 (the “Offering”). </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We conduct our business through, and substantially all of our interests are held by, Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). We are the sole general partner of, and owned approximately 80.4% of, the Operating Partnership as of September 30, 2015. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Our Predecessor </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.17%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our Predecessor is not a legal entity but a combination of entities under common control as they were entities controlled by members of the Otto Family that held various assets, including interests in (i) 15 private equity real estate funds controlled by our Predecessor (which included nine primary funds and six parallel funds) (collectively, the “Funds”) that owned interests in 12 properties, (ii) a wholly-owned property, Waterview, in Rosslyn, Virginia and (iii) three partially owned properties in New York, NY (See Note 4, <font style="font-style:italic;">Investments in Unconsolidated Joint Ventures</font>). </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Below is a summary of the 15 private equity real estate funds that were controlled by our Predecessor prior to the completion of the Formation Transactions.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.94%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following funds are collectively referred to herein as the “Property Funds”:</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund I, L.P. (“Fund I”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund II, L.P. (“Fund II”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund III, L.P. (“Fund III”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund IV, L.P. (“Fund IV”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">PGREF IV Parallel Fund (Cayman), L.P. (“Fund IV Cayman”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund V (CIP), L.P. (“Fund V CIP”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund V (Core), L.P. (“Fund V Core”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">PGREF V (Core) Parallel Fund (Cayman), L.P. (“Fund V Cayman”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund VII, LP (“Fund VII”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund VII-H, LP (“Fund VII-H”) </p></td></tr></table></div> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:12.46%;text-indent:-3.4%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> The following fund was formed to acquire, develop and manage the residential development project at 75 Howard Street: </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Residential Development Fund, LP (“Residential Fund”) </p></td></tr></table></div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following funds are collectively referred to herein as the “Alternative Investment Funds”: </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Special Situations Fund, L.P. (“PGRESS”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Special Situations Fund–H, L.P. (“PGRESS–H”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Special Situations Fund–A, L.P. (“PGRESS–A”)</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund VIII, L.P. (“Fund VIII”)</p></td></tr></table></div> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:12.46%;text-indent:-3.4%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Property Funds and Residential Fund owned interests in the following properties: </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">1633 Broadway, New York, NY </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">60 Wall Street, New York, NY </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">900 Third Avenue, New York, NY </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">31 West 52nd Street, New York, NY </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">1301 Avenue of the Americas, New York, NY </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">One Market Plaza, San Francisco, CA </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">50 Beale Street, San Francisco, CA </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">75 Howard Street, San Francisco, CA </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">Liberty Place, Washington, D.C. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">1899 Pennsylvania Avenue, Washington, D.C. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">2099 Pennsylvania Avenue, Washington, D.C. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">425 Eye Street, Washington, D.C.</font></p></div> | ||
| CY2015Q3 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
12 | |
| CY2015Q3 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
10400000 | |
| CY2015Q3 | pgre |
Percentage Of Square Feet Of Office Properties Occupied
PercentageOfSquareFeetOfOfficePropertiesOccupied
|
0.911 | |
| us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.804 | ||
| CY2015Q3 | pgre |
Investments In Property Funds
InvestmentsInPropertyFunds
|
195262000 | |
| CY2014Q4 | pgre |
Investments In Property Funds
InvestmentsInPropertyFunds
|
183216000 | |
| CY2015Q3 | us-gaap |
Alternative Investments Fair Value Disclosure
AlternativeInvestmentsFairValueDisclosure
|
141131000 | |
| CY2014Q4 | us-gaap |
Alternative Investments Fair Value Disclosure
AlternativeInvestmentsFairValueDisclosure
|
140171000 | |
| CY2015Q3 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
336393000 | |
| CY2014Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
323387000 | |
| CY2015Q3 | pgre |
Capital Commitment Amount
CapitalCommitmentAmount
|
580200000 | |
| CY2015Q3 | pgre |
Capital Commitment Invested
CapitalCommitmentInvested
|
86600000 | |
| CY2015Q3 | pgre |
Equity Method Investment Summarized Financial Information Rental Property Net
EquityMethodInvestmentSummarizedFinancialInformationRentalPropertyNet
|
214741000 | |
| CY2014Q4 | pgre |
Equity Method Investment Summarized Financial Information Rental Property Net
EquityMethodInvestmentSummarizedFinancialInformationRentalPropertyNet
|
221827000 | |
| CY2015Q3 | pgre |
Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
|
42418000 | |
| CY2014Q4 | pgre |
Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
|
46126000 | |
| CY2015Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
257159000 | |
| CY2014Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
267953000 | |
| CY2015Q3 | pgre |
Equity Method Investment Summarized Financial Information Mortgage And Notes Payable
EquityMethodInvestmentSummarizedFinancialInformationMortgageAndNotesPayable
|
246500000 | |
| CY2014Q4 | pgre |
Equity Method Investment Summarized Financial Information Mortgage And Notes Payable
EquityMethodInvestmentSummarizedFinancialInformationMortgageAndNotesPayable
|
246500000 | |
| CY2015Q3 | pgre |
Equity Method Investment Summarized Financial Information Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationOtherLiabilities
|
16843000 | |
| CY2014Q4 | pgre |
Equity Method Investment Summarized Financial Information Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationOtherLiabilities
|
30321000 | |
| CY2015Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
|
263343000 | |
| CY2014Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
|
276821000 | |
| CY2015Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
|
-6184000 | |
| CY2014Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
|
-8868000 | |
| CY2015Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
257159000 | |
| CY2014Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
267953000 | |
| CY2015Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
663367000 | |
| CY2014Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
689894000 | |
| CY2015Q3 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
222772000 | |
| CY2014Q4 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
222985000 | |
| CY2015Q3 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Next Twelve Months
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationNextTwelveMonths
|
20130000 | |
| CY2015Q3 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Two
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearTwo
|
6926000 | |
| CY2015Q3 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Three
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearThree
|
8832000 | |
| CY2015Q3 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Four
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFour
|
8051000 | |
| CY2015Q3 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Five
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFive
|
6677000 | |
| CY2015Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0550 | |
| CY2015Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
200000000 | |
| CY2015Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-493000 | |
| CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-14896000 | |
| CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-14896000 | |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-15389000 | ||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-15389000 | ||
| CY2015Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
|
867889000 | |
| us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
one-for-one | ||
| CY2015Q3 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
356758000 | |
| CY2015Q3 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
163301000 | |
| CY2014Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
194196000 | |
| CY2015Q3 | us-gaap |
Property Management Fee Revenue
PropertyManagementFeeRevenue
|
1559000 | |
| us-gaap |
Property Management Fee Revenue
PropertyManagementFeeRevenue
|
4274000 | ||
| CY2015Q3 | pgre |
Acquisition And Disposition Fee Revenue
AcquisitionAndDispositionFeeRevenue
|
400000 | |
| pgre |
Acquisition And Disposition Fee Revenue
AcquisitionAndDispositionFeeRevenue
|
400000 | ||
| CY2015Q3 | us-gaap |
Construction Revenue
ConstructionRevenue
|
36000 | |
| us-gaap |
Construction Revenue
ConstructionRevenue
|
147000 | ||
| CY2015Q3 | pgre |
Other Fees
OtherFees
|
90000 | |
| pgre |
Other Fees
OtherFees
|
579000 | ||
| CY2015Q3 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
2085000 | |
| us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
5400000 | ||
| CY2015Q3 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
4766000 | |
| us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
10894000 | ||
| CY2015Q3 | pgre |
Investment Income On Investments In Deferred Compensation Plan
InvestmentIncomeOnInvestmentsInDeferredCompensationPlan
|
-1940000 | |
| pgre |
Investment Income On Investments In Deferred Compensation Plan
InvestmentIncomeOnInvestmentsInDeferredCompensationPlan
|
-845000 | ||
| us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
448000 | ||
| CY2015Q3 | pgre |
Interest And Debt Costs Including Capitalized Interest Excluding Amortization Of Financing Costs
InterestAndDebtCostsIncludingCapitalizedInterestExcludingAmortizationOfFinancingCosts
|
42237000 | |
| pgre |
Interest And Debt Costs Including Capitalized Interest Excluding Amortization Of Financing Costs
InterestAndDebtCostsIncludingCapitalizedInterestExcludingAmortizationOfFinancingCosts
|
125191000 | ||
| CY2015Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
584000 | |
| CY2015Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1613000 | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6018000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
1861000 | ||
| CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000 | |
| CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.01 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | ||
| CY2015Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
53360000 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
53252000 | ||
| pgre |
Debt Instrument Maturity Date In Month And Year
DebtInstrumentMaturityDateInMonthAndYear
|
2017-10 | ||
| us-gaap |
Related Party Transaction Rate
RelatedPartyTransactionRate
|
0.0050 | ||
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | ||
| CY2015Q3 | pgre |
Business Combination Acquisition Related Costs Excluding Transfer Taxes
BusinessCombinationAcquisitionRelatedCostsExcludingTransferTaxes
|
485000 | |
| CY2015Q3 | pgre |
Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
|
4303000 | |
| CY2015Q3 | us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
2085000 | |
| CY2015Q3 | pgre |
Net Operating Income
NetOperatingIncome
|
106590000 | |
| pgre |
Business Combination Transfer Taxes
BusinessCombinationTransferTaxes
|
5872000 | ||
| pgre |
Business Combination Acquisition Related Costs Excluding Transfer Taxes
BusinessCombinationAcquisitionRelatedCostsExcludingTransferTaxes
|
3960000 | ||
| pgre |
Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
|
12362000 | ||
| us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
5400000 |
