XML 76 R49.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments in Partially Owned Entities (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Nov. 01, 2012
Dec. 31, 2011
Dec. 31, 2010
Partially Owned Property Balance Sheet Schedule              
Partially Owned Consolidated Properties 19   19        
Partially Owned Consolidated Units 3,475   3,475        
ASSETS              
Investment in real estate $ 21,151,576,000   $ 21,151,576,000     $ 20,407,946,000  
Accumulated depreciation (4,880,808,000)   (4,880,808,000)     (4,539,583,000)  
Investment in real estate, net 16,270,768,000   16,270,768,000     15,868,363,000  
Cash and cash equivalents 45,623,000 45,986,000 45,623,000 45,986,000   383,921,000 431,408,000
Deposits - restricted 120,440,000   120,440,000     152,237,000  
Escrow deposits - mortgage 10,462,000   10,462,000     10,692,000  
Deferred financing costs, net 38,823,000   38,823,000     44,608,000  
Other assets 164,523,000   164,523,000     187,155,000  
Total assets 16,668,545,000   16,668,545,000     16,659,303,000  
LIABILITIES AND EQUITY              
Total Debt 3,948,115,000   3,948,115,000     4,111,487,000  
Accounts payable and accrued expenses 105,602,000   105,602,000     35,206,000  
Accrued interest payable 78,869,000   78,869,000     88,121,000  
Other liabilities 370,046,000   370,046,000     291,289,000  
Security deposits 68,758,000   68,758,000     65,286,000  
Total liabilities 10,040,476,000   10,040,476,000     10,380,042,000  
Noncontrolling Interests - Partially Owned Properties 75,428,000   75,428,000     74,306,000  
Total liabilities and equity 16,668,545,000   16,668,545,000     16,659,303,000  
Debt-Secured:              
Debt Instrument, Interest Rate, Stated Percentage 6.625%   6.625%   5.50%    
Partially Owned Property Income Statement Schedule              
Operating revenue 556,144,000 493,872,000 1,609,963,000 1,423,818,000      
Depreciation 167,406,000 159,691,000 509,338,000 467,416,000      
General and administrative/other 10,096,000 10,121,000 37,178,000 32,462,000      
Operating income 184,127,000 144,814,000 489,790,000 395,750,000      
Interest and Other Income 70,087,000 5,313,000 70,516,000 6,598,000      
Interest:              
Expense incurred, net (113,876,000) (112,449,000) (347,452,000) (350,957,000)      
Amortization of Financing Costs (3,338,000) (4,650,000) (10,319,000) (11,900,000)      
Income before income and other taxes, net gain on sales of land parcels and discontinued operations 132,906,000 30,500,000 181,857,000 30,173,000      
Income and other tax (expense) benefit (222,000) (283,000) (627,000) (669,000)      
Net income 236,323,000 112,977,000 496,805,000 827,796,000      
Investments In Partially Owned Entities (Textuals) [Abstract]              
Joint Venture Partner Ownership Percentage 80.00%   80.00%        
Number of Joint Ventures 2   2        
Partners Payments To Acquire Equity Method Investments     40,100,000        
Equity Method Investment, Ownership Percentage 20.00%   20.00%        
Project Cost 232,800,000   232,800,000        
Number of joint venture loans 2   2        
Land purchase price 76,100,000   76,100,000        
Business Acquisition, Cost of Acquired Entity, Purchase Price 968,545,000   968,545,000        
Investment in Joint Venture 194,700,000   194,700,000        
Variable Interest Entity Joint Venture Partner Ownership Percentage 50.00%   50.00%        
Disposed Properties     20        
Disposed Units     5,337        
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax 103,394,000 76,864,000 307,447,000 759,100,000      
Consolidated Development Projects Held for and or Under Development [Member]
             
Partially Owned Property Balance Sheet Schedule              
Partially Owned Consolidated Properties 0   0        
Partially Owned Consolidated Units 0   0        
ASSETS              
Investment in real estate 149,888,000   149,888,000        
Accumulated depreciation 0   0        
Investment in real estate, net 149,888,000   149,888,000        
Cash and cash equivalents 5,475,000   5,475,000        
Deposits - restricted 43,601,000   43,601,000        
Deferred financing costs, net 0   0        
Other assets 5,811,000   5,811,000        
Total assets 204,775,000   204,775,000        
LIABILITIES AND EQUITY              
Total Debt 0   0        
Accounts payable and accrued expenses 222,000   222,000        
Accrued interest payable 0   0        
Other liabilities 1,269,000   1,269,000        
Security deposits 0   0        
Total liabilities 1,491,000   1,491,000        
Noncontrolling Interests - Partially Owned Properties 82,776,000   82,776,000        
EQR equity 120,508,000   120,508,000        
Total equity 203,284,000   203,284,000        
Total liabilities and equity 204,775,000   204,775,000        
Debt-Secured:              
Debt Ownership 0   0        
Noncontrolling Ownership 0   0        
Partially Owned Property Income Statement Schedule              
Operating revenue     0        
Operating Expenses     121,000        
Net operating (loss) income     (121,000)        
Depreciation     0        
General and administrative/other     93,000        
Operating income     (214,000)        
Interest and Other Income     2,000        
Other Nonoperating Income (Expense)     (248,000)        
Interest:              
Expense incurred, net     0        
Amortization of Financing Costs     0        
Income before income and other taxes, net gain on sales of land parcels and discontinued operations     (460,000)        
Income and other tax (expense) benefit     (25,000)        
Net income     (485,000)        
Consolidated Other [Member]
             
Partially Owned Property Balance Sheet Schedule              
Partially Owned Consolidated Properties 19   19        
Partially Owned Consolidated Units 3,475   3,475        
ASSETS              
Investment in real estate 452,473,000   452,473,000        
Accumulated depreciation (155,820,000)   (155,820,000)        
Investment in real estate, net 296,653,000   296,653,000        
Cash and cash equivalents 15,641,000   15,641,000        
Deposits - restricted 5,000   5,000        
Deferred financing costs, net 1,055,000   1,055,000        
Other assets 153,000   153,000        
Total assets 313,507,000   313,507,000        
LIABILITIES AND EQUITY              
Total Debt 200,337,000   200,337,000        
Accounts payable and accrued expenses 2,273,000   2,273,000        
Accrued interest payable 782,000   782,000        
Other liabilities 1,107,000   1,107,000        
Security deposits 1,506,000   1,506,000        
Total liabilities 206,005,000   206,005,000        
Noncontrolling Interests - Partially Owned Properties (7,348,000)   (7,348,000)        
EQR equity 114,850,000   114,850,000        
Total equity 107,502,000   107,502,000        
Total liabilities and equity 313,507,000   313,507,000        
Debt-Secured:              
Debt Ownership 159,068,000   159,068,000        
Noncontrolling Ownership 41,269,000   41,269,000        
Partially Owned Property Income Statement Schedule              
Operating revenue     46,432,000        
Operating Expenses     14,789,000        
Net operating (loss) income     31,643,000        
Depreciation     11,516,000        
General and administrative/other     39,000        
Operating income     20,088,000        
Interest and Other Income     100,000        
Other Nonoperating Income (Expense)     0        
Interest:              
Expense incurred, net     (7,040,000)        
Amortization of Financing Costs     (125,000)        
Income before income and other taxes, net gain on sales of land parcels and discontinued operations     13,023,000        
Income and other tax (expense) benefit     (75,000)        
Net income     12,948,000        
Partially Owned Properties [Member]
             
ASSETS              
Investment in real estate 602,361,000   602,361,000        
Accumulated depreciation (155,820,000)   (155,820,000)        
Investment in real estate, net 446,541,000   446,541,000        
Cash and cash equivalents 21,116,000   21,116,000        
Deposits - restricted 43,606,000   43,606,000        
Deferred financing costs, net 1,055,000   1,055,000        
Other assets 5,964,000   5,964,000        
Total assets 518,282,000   518,282,000        
LIABILITIES AND EQUITY              
Total Debt 200,337,000   200,337,000        
Accounts payable and accrued expenses 2,495,000   2,495,000        
Accrued interest payable 782,000   782,000        
Other liabilities 2,376,000   2,376,000        
Security deposits 1,506,000   1,506,000        
Total liabilities 207,496,000   207,496,000        
Noncontrolling Interests - Partially Owned Properties 75,428,000   75,428,000        
EQR equity 235,358,000   235,358,000        
Total equity 310,786,000   310,786,000        
Total liabilities and equity 518,282,000   518,282,000        
Debt-Secured:              
Debt Ownership 159,068,000   159,068,000        
Noncontrolling Ownership 41,269,000   41,269,000        
Partially Owned Property Income Statement Schedule              
Operating revenue     46,432,000        
Operating Expenses     14,910,000        
Net operating (loss) income     31,522,000        
Depreciation     11,516,000        
General and administrative/other     132,000        
Operating income     19,874,000        
Interest and Other Income     102,000        
Other Nonoperating Income (Expense)     (248,000)        
Interest:              
Expense incurred, net     (7,040,000)        
Amortization of Financing Costs     (125,000)        
Income before income and other taxes, net gain on sales of land parcels and discontinued operations     12,563,000        
Income and other tax (expense) benefit     (100,000)        
Net income     12,463,000        
Unconsolidated Institutional Joint Ventures [Member]
             
Partially Owned Property Balance Sheet Schedule              
Partially Owned Consolidated Properties 0   0        
Partially Owned Consolidated Units 0   0        
ASSETS              
Investment in real estate 143,996,000   143,996,000        
Accumulated depreciation 0   0        
Investment in real estate, net 143,996,000   143,996,000        
Cash and cash equivalents 155,000   155,000        
Deposits - restricted 0   0        
Deferred financing costs, net 6,000   6,000        
Other assets 0   0        
Total assets 144,157,000   144,157,000        
LIABILITIES AND EQUITY              
Total Debt 50,934,000   50,934,000        
Accounts payable and accrued expenses 4,995,000   4,995,000        
Accrued interest payable 204,000   204,000        
Other liabilities 117,000   117,000        
Security deposits 1,000   1,000        
Total liabilities 56,251,000   56,251,000        
Noncontrolling Interests - Partially Owned Properties 70,428,000   70,428,000        
EQR equity 17,478,000   17,478,000        
Total equity 87,906,000   87,906,000        
Total liabilities and equity 144,157,000   144,157,000        
Debt-Secured:              
Debt Ownership 10,187,000   10,187,000        
Noncontrolling Ownership 40,747,000   40,747,000        
Partially Owned Property Income Statement Schedule              
Operating revenue     2,000        
Operating Expenses     112,000        
Net operating (loss) income     (110,000)        
Depreciation     0        
General and administrative/other     0        
Operating income     (110,000)        
Interest and Other Income     0        
Other Nonoperating Income (Expense)     0        
Interest:              
Expense incurred, net     0        
Amortization of Financing Costs     0        
Income before income and other taxes, net gain on sales of land parcels and discontinued operations     (110,000)        
Income and other tax (expense) benefit     0        
Net income     (110,000)        
Joint Venture Partner [Member]
             
LIABILITIES AND EQUITY              
Noncontrolling Interests - Partially Owned Properties 81,800,000   81,800,000        
Investments In Partially Owned Entities (Textuals) [Abstract]              
Land purchase price 57,900,000   57,900,000        
Business Acquisition, Cost of Acquired Entity, Purchase Price 75,700,000   75,700,000        
Disposed Properties     2        
Disposed Units     441        
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax     (21,500,000)        
Nexus Sawgrass [Member]
             
LIABILITIES AND EQUITY              
Total Debt 19,100,000   19,100,000        
Debt-Secured:              
Debt Instrument, Interest Rate, Stated Percentage 5.60%   5.60%        
Debt Instrument, Maturity Date     Jan. 01, 2021        
Investments In Partially Owned Entities (Textuals) [Abstract]              
Maximum Debt Commitment 47,100,000   47,100,000        
Domain [Member]
             
LIABILITIES AND EQUITY              
Total Debt 31,800,000   31,800,000        
Debt-Secured:              
Debt Instrument, Interest Rate, Stated Percentage 5.75%   5.75%        
Debt Instrument, Maturity Date     Jan. 01, 2022        
Investments In Partially Owned Entities (Textuals) [Abstract]              
Maximum Debt Commitment 98,600,000   98,600,000        
Company's Portion [Member]
             
Investments In Partially Owned Entities (Textuals) [Abstract]              
Business Acquisition, Cost of Acquired Entity, Purchase Price $ 102,500,000   $ 102,500,000