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Equity, Capital and Other Interests (Tables)
3 Months Ended
Mar. 31, 2012
Common shares and units rollforward
 
 
 
2012
Common Shares
 
Common Shares outstanding at January 1,
297,508,185

Common Shares Issued:
 
Conversion of OP Units
31,361

Issuance of Common Shares
2,078,310

Exercise of share options
690,340

Employee Share Purchase Plan (ESPP)
85,837

Restricted share grants, net
128,136

Common Shares outstanding at March 31,
300,522,169

Units
 
Units outstanding at January 1,
13,492,543

LTIP Units, net
70,235

Conversion of OP Units to Common Shares
(31,361
)
Units outstanding at March 31,
13,531,417

Total Common Shares and Units outstanding at March 31,
314,053,586

Units Ownership Interest in Operating Partnership
4.3
%
Redeemable Noncontrolling Interest [Table Text Block]
 
2012
Balance at January 1,
$
416,404

Change in market value
37,603

Change in carrying value
3,217

Balance at March 31,
$
457,224

Schedule Of Preferred Stock [Table Text Block]
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Share (2)
 
March 31,
2012
 
December 31, 2011
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 March 31, 2012 and December 31, 2011
 
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 March 31, 2012 and December 31, 2011 (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
 
 
 
2012
General and Limited Partner Units
 
General and Limited Partner Units outstanding at January 1,
311,000,728

Issued to General Partner:
 
Issuance of OP Units
2,078,310

Exercise of EQR share options
690,340

EQR’s Employee Share Purchase Plan (ESPP)
85,837

EQR's restricted share grants, net
128,136

Issued to Limited Partners:
 
LTIP Units, net
70,235

General and Limited Partner Units outstanding at March 31,
314,053,586

Limited Partner Units
 
Limited Partner Units outstanding at January 1,
13,492,543

Limited Partner LTIP Units, net
70,235

Conversion of Limited Partner OP Units to EQR Common Shares
(31,361
)
Limited Partner Units outstanding at March 31,
13,531,417

Limited Partner Units Ownership Interest in Operating Partnership
4.3
%
Redeemable Noncontrolling Interest [Table Text Block]
 
2012
Balance at January 1,
$
416,404

Change in market value
37,603

Change in carrying value
3,217

Balance at March 31,
$
457,224

Schedule Of Preferred Stock [Table Text Block]
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
Annual
Dividend per
Unit (2)
March 31,
2012
 
December 31, 2011
Preference Units:
 
 
 
 
 
 
 
 
8.29% Series K Cumulative Redeemable Preference Units;
  liquidation value $50 per unit; 1,000,000 units issued and
  outstanding at March 31, 2012 and December 31, 2011
 
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 March 31, 2012 and December 31, 2011 (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.