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Paramount Group, Inc. is a real estate investment trust (REIT), which is focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).
The Company's segments include New York and San Francisco. It owns and/or manages approximately eight wholly and partially owned properties aggregating 8. 7 million square feet in New York; six wholly and partially owned properties aggregating 4. 3 million square feet in San Francisco, and four managed properties aggregating 0. 8 million square feet in New York and Washington, D. C. The Company also has an investment management business, where it serves as the general partner of real estate funds for institutional investors and high net-worth individuals. .