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Equity, Capital and Other Interests (Tables)
12 Months Ended
Dec. 31, 2012
Common shares and units rollforward
 
 
2012
 
2011
 
2010
Common Shares
 
 

 
 

 
 

Common Shares outstanding at January 1,
 
297,508,185

 
290,197,242

 
279,959,048

Common Shares Issued:
 
 

 
 

 
 

Conversion of Series E Preferred Shares
 

 

 
328,363

Conversion of Series H Preferred Shares
 

 

 
32,516

Conversion of OP Units
 
675,817

 
341,594

 
884,472

Issuance of Common Shares
 
25,023,919

 
3,866,666

 
6,151,198

Exercise of share options
 
1,608,427

 
2,945,948

 
2,506,645

Employee Share Purchase Plan (ESPP)
 
110,054

 
113,107

 
157,363

Restricted share grants, net
 
128,252

 
145,616

 
235,767

Common Shares Other:
 
 

 
 

 
 

Conversion of restricted shares to LTIP Units
 

 
(101,988
)
 

Repurchased and retired
 

 

 
(58,130
)
Common Shares outstanding at December 31,
 
325,054,654

 
297,508,185

 
290,197,242

Units
 
 

 
 

 
 

Units outstanding at January 1,
 
13,492,543

 
13,612,037

 
14,197,969

LTIP Units, net
 
70,235

 
120,112

 
92,892

OP Units issued through acquisitions/consolidations
 
1,081,797

 

 
205,648

Conversion of restricted shares to LTIP Units
 

 
101,988

 

Conversion of OP Units to Common Shares
 
(675,817
)
 
(341,594
)
 
(884,472
)
Units outstanding at December 31,
 
13,968,758

 
13,492,543

 
13,612,037

Total Common Shares and Units outstanding at December 31,
 
339,023,412

 
311,000,728

 
303,809,279

Units Ownership Interest in Operating Partnership
 
4.1
%
 
4.3
%
 
4.5
%
OP Units Issued:
 
 

 
 

 
 

Acquisitions/consolidations – per unit
 

$61.57

 

 
$40.09
Acquisitions/consolidations – valuation
 
$66.6 million

 

 
$8.2 million

Redeemable Noncontrolling Interest [Table Text Block]
 
 
2012
 
2011
 
2010
Balance at January 1,
 
$
416,404

 
$
383,540

 
$
258,280

Change in market value
 
(38,734
)
 
22,714

 
129,918

Change in carrying value
 
20,702

 
10,150

 
(4,658
)
Balance at December 31,
 
$
398,372

 
$
416,404

 
$
383,540

Schedule Of Preferred Stock [Table Text Block]
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Share (2)
 
December 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 December 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; 0 and 600,000 shares issued and outstanding
  at December 31, 2012 and December 31, 2011, respectively (3) (4)

 
06/19/08
 

$16.20

 

 
150,000

 
 
 
 
 
 
$
50,000

 
$
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 had a corresponding depositary share that consisted of ten times the number of shares and one-tenth the liquidation value and dividend per share.
(4)
On August 20, 2012, the Company redeemed its Series N Cumulative Redeemable Preferred Shares for cash consideration of $150.0 million plus accrued dividends through the redemption date. As a result of this redemption, the Company recorded the write-off of approximately $5.1 million in original issuance costs as a premium on the redemption of Preferred Shares.
Limited Partner [Member]
 
Common shares and units rollforward
 
 
2012
 
2011
 
2010
General and Limited Partner Units
 
 

 
 

 
 

General and Limited Partner Units outstanding at January 1,
 
311,000,728

 
303,809,279

 
294,157,017

Issued to General Partner:
 


 


 


Conversion of Series E Preference Units
 

 

 
328,363

Conversion of Series H Preference Units
 

 

 
32,516

Issuance of OP Units
 
25,023,919

 
3,866,666

 
6,151,198

Exercise of EQR share options
 
1,608,427

 
2,945,948

 
2,506,645

EQR's Employee Share Purchase Plan (ESPP)
 
110,054

 
113,107

 
157,363

EQR's restricted share grants, net
 
128,252

 
145,616

 
235,767

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

 
120,112

 
92,892

OP Units issued through acquisitions/consolidations
 
1,081,797

 

 
205,648

OP Units Other:
 
 

 
 

 
 

Repurchased and retired
 

 

 
(58,130
)
General and Limited Partner Units outstanding at December 31,
 
339,023,412

 
311,000,728

 
303,809,279

Limited Partner Units
 
 

 
 

 
 

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

 
13,612,037

 
14,197,969

Limited Partner LTIP Units, net
 
70,235

 
120,112

 
92,892

Limited Partner OP Units issued through acquisitions/consolidations
 
1,081,797

 

 
205,648

Conversion of EQR restricted shares to LTIP Units
 

 
101,988

 

Conversion of Limited Partner OP Units to EQR Common Shares
 
(675,817
)
 
(341,594
)
 
(884,472
)
Limited Partner Units outstanding at December 31,
 
13,968,758

 
13,492,543

 
13,612,037

Limited Partner Units Ownership Interest in Operating Partnership
 
4.1
%
 
4.3
%
 
4.5
%
Limited Partner OP Units Issued:
 
 

 
 

 
 

Acquisitions/consolidations – per unit
 

$61.57

 

 
$40.09
Acquisitions/consolidations – valuation
 
$66.6 million

 

 
$8.2 million

Redeemable Noncontrolling Interest [Table Text Block]
 
 
2012
 
2011
 
2010
Balance at January 1,
 
$
416,404

 
$
383,540

 
$
258,280

Change in market value
 
(38,734
)
 
22,714

 
129,918

Change in carrying value
 
20,702

 
10,150

 
(4,658
)
Balance at December 31,
 
$
398,372

 
$
416,404

 
$
383,540

Schedule Of Preferred Stock [Table Text Block]
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Unit (2)
 
December 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 December 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; 0 and 600,000 units issued and
  outstanding at December 31, 2012 and December 31, 2011,
  respectively (3) (4)
 
06/19/08
 

$16.20

 

 
150,000

 
 
 
 
 

 
$
50,000

 
$
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 the 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 had a corresponding depositary unit that consisted of ten times the number of units and one-tenth the liquidation value and dividend per unit.
(4)
On August 20, 2012, the Operating Partnership redeemed its Series N Cumulative Redeemable Preference Units for cash consideration of $150.0 million plus accrued dividends through the redemption date, in conjunction with the concurrent redemption of the corresponding Company Preferred Shares. As a result of this redemption, the Operating Partnership recorded the write-off of approximately $5.1 million in original issuance costs as a premium on the redemption of Preference Units.