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Equity, Capital and Other Interests (Tables)
12 Months Ended
Dec. 31, 2016
Common shares and units rollforward
The following tables present the changes in the Company’s issued and outstanding Common Shares and “Units” (which includes OP Units and restricted units) for the years ended December 31, 2016, 2015 and 2014:
 
 
2016
 
2015
 
2014
Common Shares
 
 

 
 

 
 

Common Shares outstanding at January 1,
 
364,755,444

 
362,855,454

 
360,479,260

Common Shares Issued:
 
 

 
 

 
 

Conversion of OP Units
 
88,838

 
208,307

 
94,671

Exercise of share options
 
815,044

 
1,456,363

 
2,086,380

Employee Share Purchase Plan (ESPP)
 
63,909

 
68,462

 
68,807

Restricted share grants, net
 
147,689

 
168,142

 
169,722

Common Shares Other:
 
 

 
 

 
 

Conversion of restricted shares to restricted units
 

 
(1,284
)
 
(12,146
)
Repurchased and retired
 

 

 
(31,240
)
Common Shares outstanding at December 31,
 
365,870,924

 
364,755,444

 
362,855,454

Units
 
 

 
 

 
 

Units outstanding at January 1,
 
14,427,164

 
14,298,691

 
14,180,376

Restricted unit grants, net
 
287,749

 
335,496

 
200,840

Conversion of restricted shares to restricted units
 

 
1,284

 
12,146

Conversion of OP Units to Common Shares
 
(88,838
)
 
(208,307
)
 
(94,671
)
Units outstanding at December 31,
 
14,626,075

 
14,427,164

 
14,298,691

Total Common Shares and Units outstanding at December 31,
 
380,496,999

 
379,182,608

 
377,154,145

Units Ownership Interest in Operating Partnership
 
3.8
%
 
3.8
%
 
3.8
%
Redeemable Noncontrolling Interest [Table Text Block]
The following table presents the changes in the redemption value of the Redeemable Noncontrolling Interests – Operating Partnership for the years ended December 31, 2016, 2015 and 2014, respectively (amounts in thousands):
        
 
 
2016
 
2015
 
2014
Balance at January 1,
 
$
566,783

 
$
500,733

 
$
363,144

Change in market value
 
(115,093
)
 
64,378

 
139,818

Change in carrying value
 
(9,598
)
 
1,672

 
(2,229
)
Balance at December 31,
 
$
442,092

 
$
566,783

 
$
500,733

Schedule Of Preferred Stock [Table Text Block]
The following table presents the Company’s issued and outstanding Preferred Shares as of December 31, 2016 and 2015:
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Share (2)
 
December 31, 2016
 
December 31, 2015
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; 745,600 shares issued and outstanding
at December 31, 2016 and 2015
 
12/10/26
 
$
4.145

 
$
37,280

 
$
37,280

 
 
 
 
 
 
$
37,280

 
$
37,280


(1)
On or after the redemption date, redeemable preferred shares 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 Preferred Shares are payable quarterly.
ERPOP [Member]  
Common shares and units rollforward
The following tables present the changes in the Operating Partnership's issued and outstanding Units and in the limited partners' Units for the years ended December 31, 2016, 2015 and 2014:
 
 
2016
 
2015
 
2014
General and Limited Partner Units
 
 

 
 

 
 

General and Limited Partner Units outstanding at January 1,
 
379,182,608

 
377,154,145

 
374,659,636

Issued to General Partner:
 
 
 
 
 
 
Exercise of EQR share options
 
815,044

 
1,456,363

 
2,086,380

EQR's Employee Share Purchase Plan (ESPP)
 
63,909

 
68,462

 
68,807

EQR's restricted share grants, net
 
147,689

 
168,142

 
169,722

Issued to Limited Partners:
 
 
 
 
 
 
Restricted unit grants, net
 
287,749

 
335,496

 
200,840

OP Units Other:
 
 
 
 
 
 
Repurchased and retired
 

 

 
(31,240
)
General and Limited Partner Units outstanding at December 31,
 
380,496,999

 
379,182,608

 
377,154,145

Limited Partner Units
 
 

 
 

 
 

Limited Partner Units outstanding at January 1,
 
14,427,164

 
14,298,691

 
14,180,376

Limited Partner restricted unit grants, net
 
287,749

 
335,496

 
200,840

Conversion of EQR restricted shares to restricted units
 

 
1,284

 
12,146

Conversion of Limited Partner OP Units to EQR Common Shares
 
(88,838
)
 
(208,307
)
 
(94,671
)
Limited Partner Units outstanding at December 31,
 
14,626,075

 
14,427,164

 
14,298,691

Limited Partner Units Ownership Interest in Operating Partnership
 
3.8
%
 
3.8
%
 
3.8
%
Redeemable Noncontrolling Interest [Table Text Block]
The following table presents the changes in the redemption value of the Redeemable Limited Partners for the years ended December 31, 2016, 2015 and 2014, respectively (amounts in thousands):
        
 
 
2016
 
2015
 
2014
Balance at January 1,
 
$
566,783

 
$
500,733

 
$
363,144

Change in market value
 
(115,093
)
 
64,378

 
139,818

Change in carrying value
 
(9,598
)
 
1,672

 
(2,229
)
Balance at December 31,
 
$
442,092

 
$
566,783

 
$
500,733

Schedule Of Preferred Stock [Table Text Block]
The following table presents the Operating Partnership's issued and outstanding “Preference Units” as of December 31, 2016 and 2015:
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Unit (2)
 
December 31, 2016
 
December 31, 2015
Preference Units:
 
 
 
 

 
 

 
 

8.29% Series K Cumulative Redeemable Preference Units;
liquidation value $50 per unit; 745,600 units issued and
outstanding at December 31, 2016 and 2015
 
12/10/26
 
$
4.145

 
$
37,280

 
$
37,280

 
 
 
 
 

 
$
37,280

 
$
37,280


(1)
On or after the redemption date, redeemable preference units 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 Preference Units are payable quarterly.