Equity, Capital and Other Interests (Tables)

9 Months Ended

Sep. 30, 2017

Changes in Issued and Outstanding Common Shares and Units

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 nine months ended September 30, 2017:

	2017
Common Shares
Common Shares outstanding at January 1,		365,870,924
Common Shares Issued:
Conversion of OP Units		1,107,735
Exercise of share options		343,527
Employee Share Purchase Plan (ESPP)		54,843
Restricted share grants, net		85,451
Common Shares Outstanding at September 30,		367,462,480
Units
Units outstanding at January 1,		14,626,075
Restricted unit grants, net		291,647
Conversion of OP Units to Common Shares		(1,107,735	)
Units outstanding at September 30,		13,809,987
Total Common Shares and Units outstanding at September 30,		381,272,467
Units Ownership Interest in Operating Partnership		3.6	%

Changes in Redemption Value of Redeemable Noncontrolling Interests and Limited Partners Interest

ThefollowingtablepresentsthechangesintheredemptionvalueoftheRedeemableNoncontrollingInterests–Operating Partnership for the nine months ended September 30, 2017 (amounts inthousands):

	2017
Balance at January 1,	$	442,092
Change in market value		(29,551	)
Change in carrying value		(32,000	)
Balance at September 30,	$	380,541

Issued and Outstanding Preferred Shares and Preference Units

ThefollowingtablepresentstheCompany’sissuedandoutstandingPreferredSharesasof September 30, 2017 and December 31, 2016:

				Amounts in thousands
		Annual
	Call	Dividend per		September 30,		December 31,
	Date (1)	Share (2)		2017		2016
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 September 30, 2017 and December 31, 2016	12/10/26	$	4.145	$	37,280	$	37,280
				$	37,280	$	37,280

(1) On or after the call 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]

Changes in Issued and Outstanding Common Shares and Units

The following tables present the changes in the Operating Partnership’s issued and outstanding Units and in the limited partners’ Units for the nine months ended September 30, 2017:

	2017
General and Limited Partner Units
General and Limited Partner Units outstanding at January 1,		380,496,999
Issued to General Partner:
Exercise of EQR share options		343,527
EQR’s Employee Share Purchase Plan (ESPP)		54,843
EQR's restricted share grants, net		85,451
Issued to Limited Partners:
Restricted unit grants, net		291,647
General and Limited Partner Units outstanding at September 30,		381,272,467
Limited Partner Units
Limited Partner Units outstanding at January 1,		14,626,075
Limited Partner restricted unit grants, net		291,647
Conversion of Limited Partner OP Units to EQR Common    Shares		(1,107,735	)
Limited Partner Units outstanding at September 30,		13,809,987
Limited Partner Units Ownership Interest in Operating    Partnership		3.6	%

Changes in Redemption Value of Redeemable Noncontrolling Interests and Limited Partners Interest

The following table presents the changes in the redemption value of the Redeemable Limited Partners for the nine months ended September 30, 2017 (amounts in thousands):

	2017
Balance at January 1,	$	442,092
Change in market value		(29,551	)
Change in carrying value		(32,000	)
Balance at September 30,	$	380,541

Issued and Outstanding Preferred Shares and Preference Units

ThefollowingtablepresentstheOperatingPartnership'sissuedandoutstanding“PreferenceUnits”asofSeptember 30, 2017 and December 31, 2016:

				Amounts in thousands
		Annual
	Call	Dividend Per		September 30,		December 31,
	Date (1)	Unit (2)		2017		2016
Preference Units:
8.29% Series K Cumulative Redeemable Preference Units;    liquidation value $50 per unit; 745,600 units issued and    outstanding at September 30, 2017 and December 31, 2016	12/10/26	$	4.145	$	37,280	$	37,280
				$	37,280	$	37,280

(1) On or after the call 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.