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Equity, Capital and Other Interests (Tables)
12 Months Ended
Dec. 31, 2011
Common shares and units rollforward
 
 
2011
 
2010
 
2009
Common Shares
 
 

 
 

 
 

Common Shares outstanding at January 1,
 
290,197,242

 
279,959,048

 
272,786,760

Common Shares Issued:
 
 

 
 

 
 

Conversion of Series E Preferred Shares
 

 
328,363

 
612

Conversion of Series H Preferred Shares
 

 
32,516

 

Conversion of OP Units
 
341,594

 
884,472

 
2,676,002

Issuance of Common Shares
 
3,866,666

 
6,151,198

 
3,497,300

Exercise of share options
 
2,945,948

 
2,506,645

 
422,713

Employee Share Purchase Plan (ESPP)
 
113,107

 
157,363

 
324,394

Restricted share grants, net
 
145,616

 
235,767

 
298,717

Common Shares Other:
 
 

 
 

 
 

Conversion of restricted shares to LTIP Units
 
(101,988
)
 

 

Repurchased and retired
 

 
(58,130
)
 
(47,450
)
Common Shares outstanding at December 31,
 
297,508,185

 
290,197,242

 
279,959,048

Units
 
 

 
 

 
 

Units outstanding at January 1,
 
13,612,037

 
14,197,969

 
16,679,777

LTIP Units, net
 
120,112

 
92,892

 
154,616

OP Units issued through acquisitions/consolidations
 

 
205,648

 
32,061

Conversion of restricted shares to LTIP Units
 
101,988

 

 

Conversion of Series B Junior Preference Units
 

 

 
7,517

Conversion of OP Units to Common Shares
 
(341,594
)
 
(884,472
)
 
(2,676,002
)
Units outstanding at December 31,
 
13,492,543

 
13,612,037

 
14,197,969

Total Common Shares and Units outstanding at December 31,
 
311,000,728

 
303,809,279

 
294,157,017

Units Ownership Interest in Operating Partnership
 
4.3
%
 
4.5
%
 
4.8
%
LTIP Units Issued:
 
 

 
 

 
 

Issuance – per unit
 

 

 
$0.50
Issuance – contribution valuation
 

 

 
$0.1 million

OP Units Issued:
 
 

 
 

 
 

Acquisitions/consolidations – per unit
 

 
$40.09
 
$26.50
Acquisitions/consolidations – valuation
 

 
$8.2 million

 
$0.8 million

Conversion of Series B Junior Preference Units – per unit
 

 

 
$24.50
Conversion of Series B Junior Preference Units – valuation
 

 

 
$0.2 million

Redeemable Noncontrolling Interest [Table Text Block]
 
 
2011
 
2010
 
2009
Balance at January 1,
 
$
383,540

 
$
258,280

 
$
264,394

Change in market value
 
22,714

 
129,918

 
14,544

Change in carrying value
 
10,150

 
(4,658
)
 
(20,658
)
Balance at December 31,
 
$
416,404

 
$
383,540

 
$
258,280

Schedule Of Preferred Stock [Table Text Block]
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Share (2)
 
December 31,
2011
 
December 31,
2010
Preferred Shares of beneficial interest, $0.01 par value;
  100,000,000 shares authorized
 
 
 
 
 
 
 
 
8.29% Series K Cumulative Redeemable Preferred; liquidation
  value $50 per share; 1,000,000 shares issued and outstanding
  at December 31, 2011 and December 31, 2010

 
12/10/26
 

$4.145

 
$
50,000

 
$
50,000

6.48% Series N Cumulative Redeemable Preferred; liquidation
  value $250 per share; 600,000 shares issued and outstanding
  at December 31, 2011 and December 31, 2010 (3)

 
06/19/08
 

$16.20

 
150,000

 
150,000

 
 
 
 
 
 
$
200,000

 
$
200,000



(1)
On or after the redemption date, redeemable preferred shares (Series K and N) may be redeemed for cash at the option of the Company, in whole or in part, at a redemption price equal to the liquidation price per share, plus accrued and unpaid distributions, if any.
(2)
Dividends on all series of Preferred Shares are payable quarterly at various pay dates. The dividend listed for Series N is a Preferred Share rate and the equivalent Depositary Share annual dividend is $1.62 per share.
(3)
The Series N Preferred Shares have a corresponding depositary share that consists of ten times the number of shares and one-tenth the liquidation value and dividend per share.
Limited Partner [Member]
 
Common shares and units rollforward
 
 
2011
 
2010
 
2009
General and Limited Partner Units
 
 

 
 

 
 

General and Limited Partner Units outstanding at January 1,
 
303,809,279

 
294,157,017

 
289,466,537

Issued to General Partner:
 


 


 


Conversion of Series E Preference Units
 

 
328,363

 
612

Conversion of Series H Preference Units
 

 
32,516

 

Issuance of OP Units
 
3,866,666

 
6,151,198

 
3,497,300

Exercise of EQR share options
 
2,945,948

 
2,506,645

 
422,713

EQR's Employee Share Purchase Plan (ESPP)
 
113,107

 
157,363

 
324,394

EQR's restricted share grants, net
 
145,616

 
235,767

 
298,717

Issued to Limited Partners:
 
 
 
 
 
 
LTIP Units, net
 
120,112

 
92,892

 
154,616

OP Units issued through acquisitions/consolidations
 

 
205,648

 
32,061

Conversion of Series B Junior Preference Units
 

 

 
7,517

OP Units Other:
 
 

 
 

 
 

Repurchased and retired
 

 
(58,130
)
 
(47,450
)
General and Limited Partner Units outstanding at December 31,
 
311,000,728

 
303,809,279

 
294,157,017

Limited Partner Units
 
 

 
 

 
 

Limited Partner Units outstanding at January 1,
 
13,612,037

 
14,197,969

 
16,679,777

Limited Partner LTIP Units, net
 
120,112

 
92,892

 
154,616

Limited Partner OP Units issued through acquisitions/consolidations
 

 
205,648

 
32,061

Conversion of EQR restricted shares to LTIP Units
 
101,988

 

 

Conversion of Series B Junior Preference Units
 

 

 
7,517

Conversion of Limited Partner OP Units to EQR Common Shares
 
(341,594
)
 
(884,472
)
 
(2,676,002
)
Limited Partner Units outstanding at December 31,
 
13,492,543

 
13,612,037

 
14,197,969

Limited Partner Units Ownership Interest in Operating Partnership
 
4.3
%
 
4.5
%
 
4.8
%
Limited Partner LTIP Units Issued:
 
 

 
 

 
 

Issuance – per unit
 

 

 
$0.50
Issuance – contribution valuation
 

 

 
$0.1 million

Limited Partner OP Units Issued:
 
 

 
 

 
 

Acquisitions/consolidations – per unit
 

 
$40.09
 
$26.50
Acquisitions/consolidations – valuation
 

 
$8.2 million

 
$0.8 million

Conversion of Series B Junior Preference Units – per unit
 

 

 
$24.50
Conversion of Series B Junior Preference Units – valuation
 

 

 
$0.2 million

Redeemable Noncontrolling Interest [Table Text Block]
 
 
2011
 
2010
 
2009
Balance at January 1,
 
$
383,540

 
$
258,280

 
$
264,394

Change in market value
 
22,714

 
129,918

 
14,544

Change in carrying value
 
10,150

 
(4,658
)
 
(20,658
)
Balance at December 31,
 
$
416,404

 
$
383,540

 
$
258,280

Schedule Of Preferred Stock [Table Text Block]
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Unit (2)
 
December 31,
2011
 
December 31,
2010
Preference Units:
 
 
 
 

 
 

 
 

8.29% Series K Cumulative Redeemable Preference Units;
  liquidation value $50 per unit; 1,000,000 units issued and
  outstanding at December 31, 2011 and December 31, 2010
 
12/10/26
 

$4.145

 
$
50,000

 
$
50,000

6.48% Series N Cumulative Redeemable Preference Units;
  liquidation value $250 per unit; 600,000 units issued and
  outstanding at December 31, 2011 and December 31, 2010 (3)
 
06/19/08
 

$16.20

 
150,000

 
150,000

 
 
 
 
 

 
$
200,000

 
$
200,000


(1)
On or after the redemption date, redeemable preference units (Series K and N) may be redeemed for cash at the option of the Operating Partnership, in whole or in part, at a redemption price equal to the liquidation price per unit, plus accrued and unpaid distributions, if any, in conjunction with concurrent redemption of the corresponding Company Preferred Shares.
(2)
Dividends on all series of Preference Units are payable quarterly at various pay dates. The dividend listed for Series N is a Preference Unit rate and the equivalent depositary unit annual dividend is $1.62 per unit.
(3)
The Series N Preference Units have a corresponding depositary unit that consists of ten times the number of units and one-tenth the liquidation value and dividend per unit.