PS Business Parks, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Summary of Significant Accounting Policies - Amounts Assigned to the Assets Acquired and Liabilities (Details)

v3.22.4

Summary of Significant Accounting Policies - Amounts Assigned to the Assets Acquired and Liabilities (Details) - PS Business Parks $ in Thousands	Jul. 20, 2022 USD ($)
Business Combination, Separately Recognized Transactions [Line Items]
Building	$ 3,336,409
Site improvements	177,159
Land	1,921,093
Tenant improvements	72,886
Development in progress	150,977
Below market lease liabilities	(172,109)
Other assets	146,194
Acquired noncontrolling interest at fair value	(13,481)
Acquired preferred shares at fair value	(563,026)
Net assets acquired	5,306,541
Funded by:
Total Blackstone contribution, net of parent partner loan distributed	(1,561,595)
Debt issued	(3,744,946)
Total consideration and merger contributions	(5,306,541)
Working capital contributed by parent	143,111
In-place lease intangibles
Business Combination, Separately Recognized Transactions [Line Items]
Finite-lived intangibles	242,551
Above market lease assets
Business Combination, Separately Recognized Transactions [Line Items]
Finite-lived intangibles	$ 7,888

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