Fair Value of Assets and Liabilities - Schedule of Valuation Techniques and Significant Unobservable Inputs Used for Level 3 Fair Value Measurements (Details) (Level 3, USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 6 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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Jun. 30, 2014
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Real estate properties held for sale | Discounted cash flows | |||
Fair Value of Assets and Liabilities | |||
Fair value of assets | $ 414,625us-gaap_AssetsFairValueDisclosure / us-gaap_FairValueByAssetClassAxis = eqc_RealEstateHeldForSaleMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_ValuationTechniqueAxis = eqc_DiscountedCashFlowsMember |
$ 471,457us-gaap_AssetsFairValueDisclosure / us-gaap_FairValueByAssetClassAxis = eqc_RealEstateHeldForSaleMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_ValuationTechniqueAxis = eqc_DiscountedCashFlowsMember |
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Discount rate | 10.20%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByAssetClassAxis = eqc_RealEstateHeldForSaleMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_ValuationTechniqueAxis = eqc_DiscountedCashFlowsMember |
10.30%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByAssetClassAxis = eqc_RealEstateHeldForSaleMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_ValuationTechniqueAxis = eqc_DiscountedCashFlowsMember |
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Exit capitalization rate | 9.10%eqc_FairValueInputsExitCapitalizationRate / us-gaap_FairValueByAssetClassAxis = eqc_RealEstateHeldForSaleMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_ValuationTechniqueAxis = eqc_DiscountedCashFlowsMember |
8.80%eqc_FairValueInputsExitCapitalizationRate / us-gaap_FairValueByAssetClassAxis = eqc_RealEstateHeldForSaleMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_ValuationTechniqueAxis = eqc_DiscountedCashFlowsMember |
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225 Water Street | Discounted cash flows | |||
Fair Value of Assets and Liabilities | |||
Fair value of assets | 19,589us-gaap_AssetsFairValueDisclosure / us-gaap_FairValueByAssetClassAxis = us-gaap_PropertyPlantAndEquipmentMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_ValuationTechniqueAxis = eqc_DiscountedCashFlowsMember |
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Discount rate | 8.00%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByAssetClassAxis = us-gaap_PropertyPlantAndEquipmentMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_ValuationTechniqueAxis = eqc_DiscountedCashFlowsMember |
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Exit capitalization rate | 8.00%eqc_FairValueInputsExitCapitalizationRate / us-gaap_FairValueByAssetClassAxis = us-gaap_PropertyPlantAndEquipmentMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_ValuationTechniqueAxis = eqc_DiscountedCashFlowsMember |
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Derivative liability | |||
Fair Value of Assets and Liabilities | |||
Fair value of liabilities | $ (6,658)us-gaap_FinancialLiabilitiesFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember |
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Risk free rate | 0.50%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember |
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Volatility rate | 20.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember |
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Represents information pertaining to exit capitalization rate used as an input to measure fair value. No definition available.
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Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair value of financial obligations, including, but not limited to, debt instruments, derivative liabilities, federal funds purchased and sold under agreements to repurchase, securities loaned or sold under agreements to repurchase, financial instruments sold not yet purchased, guarantees, line of credit, loans and notes payable, servicing liability, and trading liabilities. No definition available.
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