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Equity, Capital and other Interests (Tables)
9 Months Ended
Sep. 30, 2011
Class of Stock [Line Items] 
Common shares and units rollforward
         
    2011  

Common Shares

       

Common Shares outstanding at January 1,

    290,197,242  

Common Shares Issued:

       

Conversion of OP Units

    324,649  

Issuance of Common Shares

    3,038,980  

Exercise of share options

    2,914,476  

Employee Share Purchase Plan (ESPP)

    98,766  

Restricted share grants, net

    148,708  

Common Shares Other:

       

Conversion of restricted shares to LTIP Units

    (101,988
   

 

 

 

Common Shares outstanding at September 30,

    296,620,833  
   

 

 

 

Units

       

Units outstanding at January 1,

    13,612,037  

LTIP Units, net

    120,112  

Conversion of restricted shares to LTIP Units

    101,988  

Conversion of OP Units to Common Shares

    (324,649
   

 

 

 

Units outstanding at September 30,

    13,509,488  
   

 

 

 

Total Common Shares and Units outstanding at September 30,

    310,130,321  
   

 

 

 

Units Ownership Interest in Operating Partnership

    4.4
Preferred shares schedule
                                 
          Annual     Amounts in thousands  
    Redemption
Date (1)
    Dividend per
Share (2)
    September 30,
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 September 30, 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 September 30, 2011 and December 31, 2010 (3)

    6/19/08     $ 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.
OPERATING PARTNERSHIP
 
Class of Stock [Line Items] 
Redeemable noncontrolling interests rollforward
         
    2011  

Balance at January 1,

  $ 383,540  

Change in market value

    (16,023

Change in carrying value

    11,281  
   

 

 

 

Balance at September 30,

  $ 378,798  
   

 

 

 
Preferred shares schedule
                                 
    Redemption
Date (1)
    Annual
Dividend per
Unit (2)
    Amounts in thousands  
        September 30,
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 September 30, 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 September 30, 2011 and December 31, 2010 (3)

    6/19/08     $ 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 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 have a corresponding depositary unit that consists of ten times the number of units and one-tenth the liquidation value and dividend per unit.
General And Limited Partner [Member]
 
Class of Stock [Line Items] 
Common shares and units rollforward
         
    2011  

General and Limited Partner Units

       

General and Limited Partner Units outstanding at January 1,

    303,809,279  

Issued to General Partner:

       

Issuance of OP Units

    3,038,980  

Exercise of EQR share options

    2,914,476  

EQR’s Employee Share Purchase Plan (ESPP)

    98,766  

EQR restricted share grants, net

    148,708  

Issued to Limited Partners:

       

LTIP Units, net

    120,112  
   

 

 

 

General and Limited Partner Units outstanding at September 30,

    310,130,321  
   

 

 

 

Limited Partner Units

       

Limited Partner Units outstanding at January 1,

    13,612,037  

Limited Partner LTIP Units, net

    120,112  

Conversion of EQR restricted shares to LTIP Units

    101,988  

Conversion of Limited Partner OP Units to EQR Common Shares

    (324,649
   

 

 

 

Limited Partner Units outstanding at September 30,

    13,509,488  
   

 

 

 

Limited Partner Units Ownership Interest in Operating Partnership

    4.4
LIMITED PARTNERS
 
Class of Stock [Line Items] 
Redeemable noncontrolling interests rollforward
         
    2011  

Balance at January 1,

  $ 383,540  

Change in market value

    (16,023

Change in carrying value

    11,281  
   

 

 

 

Balance at September 30,

  $ 378,798