Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2018

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III-Real Estate and Accumulated Depreciation

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

Overall Summary

December 31, 2018

	Properties (H)		Apartment Units (H)		Investment in Real Estate, Gross		Accumulated Depreciation			Investment in Real Estate, Net		Encumbrances (1)
Wholly Owned Unencumbered		240		62,862	$	21,609,130,732	$	(5,400,484,879	)	$	16,208,645,853	$	—
Wholly Owned Encumbered		48		12,140		4,023,117,169		(1,039,436,780	)		2,983,680,389		2,081,887,149
Wholly Owned Properties		288		75,002		25,632,247,901		(6,439,921,659	)		19,192,326,242		2,081,887,149
Partially Owned Unencumbered		9		1,847		516,719,235		(116,736,579	)		399,982,656		—
Partially Owned Encumbered		8		1,688		362,054,538		(139,622,501	)		222,432,037		303,583,335
Partially Owned Properties		17		3,535		878,773,773		(256,359,080	)		622,414,693		303,583,335
Total Unencumbered Properties		249		64,709		22,125,849,967		(5,517,221,458	)		16,608,628,509		—
Total Encumbered Properties		56		13,828		4,385,171,707		(1,179,059,281	)		3,206,112,426		2,385,470,484
Total Consolidated Investment in Real Estate		305		78,537	$	26,511,021,674	$	(6,696,280,739	)	$	19,814,740,935	$	2,385,470,484

(1) See attached Encumbrances Reconciliation.

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

Encumbrances Reconciliation

December 31, 2018

Portfolio/Entity Encumbrances	Number of Properties Encumbered by		See Properties With Note:	Amount
Archstone Master Property Holdings LLC		13	I	$	797,768,476
Portfolio/Entity Encumbrances		13			797,768,476
Individual Property Encumbrances					1,587,702,008
Total Encumbrances per Financial Statements				$	2,385,470,484

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ERP OPERATING LIMITED PARTNERSHIP

Schedule III – Real Estate and Accumulated Depreciation

(Amounts in thousands)

The changes in total real estate for the years ended December 31, 2018, 2017 and 2016 are as follows:

	2018			2017			2016
Balance, beginning of year	$	26,026,896		$	25,386,425		$	28,542,697
Acquisitions and development		855,254			710,960			832,803
Improvements		192,661			204,113			174,981
Dispositions and other		(563,789	)		(274,602	)		(4,164,056	)
Balance, end of year	$	26,511,022		$	26,026,896		$	25,386,425

The changes in accumulated depreciation for the years ended December 31, 2018, 2017 and 2016 are as follows:

	2018			2017			2016
Balance, beginning of year	$	6,040,378		$	5,360,389		$	6,084,616
Depreciation		785,725			743,749			705,649
Dispositions and other		(129,822	)		(63,760	)		(1,429,876	)
Balance, end of year	$	6,696,281		$	6,040,378		$	5,360,389

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2018

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/18
Apartment Name	Location	Retail/ Commercial Space		Date of Construction	Apartment Units (H)		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/18		Encumbrances
Wholly Owned Unencumbered:
100 K Apartments (fka 100K Street)	Washington, D.C.		—	2018		222	$	15,600,000	$	69,516,265	$	—	$	15,600,000	$	69,516,265	$	85,116,265	$	(270,039	)	$	84,846,226	$	—
140 Riverside Boulevard	New York, NY	G		2003		354		103,539,100		94,082,725		9,479,410		103,539,100		103,562,135		207,101,235		(48,691,122	)		158,410,113		—
160 Riverside Boulevard	New York, NY	G		2001		455		139,933,500		190,964,745		15,656,370		139,933,500		206,621,115		346,554,615		(96,815,700	)		249,738,915		—
170 Amsterdam	New York, NY	G		2015		236		—		112,096,955		235,580		—		112,332,535		112,332,535		(16,016,094	)		96,316,441		—
175 Kent	Brooklyn, NY	G		2011		113		22,037,831		53,962,169		1,701,936		22,037,831		55,664,105		77,701,936		(16,317,361	)		61,384,575		—
180 Montague (fka Brooklyn Heights)	Brooklyn, NY	G		2000		193		32,400,000		92,675,228		3,859,381		32,400,000		96,534,609		128,934,609		(23,584,176	)		105,350,433		—
180 Riverside Boulevard	New York, NY	G		1998		516		144,968,250		138,346,681		13,831,031		144,968,250		152,177,712		297,145,962		(72,790,895	)		224,355,067		—
1111 Belle Pre (fka The Madison)	Alexandria, VA	G		2014		360		18,937,702		94,758,679		278,928		18,937,702		95,037,607		113,975,309		(22,340,533	)		91,634,776		—
1210 Mass	Washington, D.C.	G		2004		144		9,213,512		36,559,189		2,537,398		9,213,512		39,096,587		48,310,099		(18,478,163	)		29,831,936		—
1401 E. Madison	Seattle, WA	G		(F)		—		10,401,958		24,121,307		—		10,401,958		24,121,307		34,523,265		—			34,523,265		—
1500 Mass Ave	Washington, D.C.	G		1951		556		54,638,298		40,361,702		15,209,807		54,638,298		55,571,509		110,209,807		(26,934,077	)		83,275,730		—
1800 Oak (fka Rosslyn)	Arlington, VA	G		2003		314		31,400,000		109,005,734		6,217,218		31,400,000		115,222,952		146,622,952		(28,057,310	)		118,565,642		—
2201 Pershing Drive	Arlington, VA	G		2012		188		11,321,198		49,674,175		2,567,690		11,321,198		52,241,865		63,563,063		(13,457,087	)		50,105,976		—
2201 Wilson	Arlington, VA	G		2000		219		21,900,000		78,724,663		3,697,727		21,900,000		82,422,390		104,322,390		(20,152,746	)		84,169,644		—
2400 M St	Washington, D.C.	G		2006		359		30,006,593		114,013,785		4,562,289		30,006,593		118,576,074		148,582,667		(53,570,540	)		95,012,127		—
249 Third Street (fka Kendall Square II)	Cambridge, MA	G		(F)		—		4,603,326		21,564,301		—		4,603,326		21,564,301		26,167,627		—			26,167,627		—
315 on A	Boston, MA	G		2013		202		14,450,070		115,824,930		766,896		14,450,070		116,591,826		131,041,896		(18,672,172	)		112,369,724		—
340 Fremont (fka Rincon Hill)	San Francisco, CA		—	2016		348		42,000,000		247,811,082		92,829		42,000,000		247,903,911		289,903,911		(23,751,926	)		266,151,985		—
3003 Van Ness (fka Van Ness)	Washington, D.C.		—	1970		625		56,300,000		141,191,580		6,576,256		56,300,000		147,767,836		204,067,836		(38,475,875	)		165,591,961		—
45 Worthington (CityView II)	Boston, MA		—	(F)		—		—		2,644,777		—		—		2,644,777		2,644,777		—			2,644,777		—
425 Mass	Washington, D.C.	G		2009		559		28,150,000		138,600,000		4,379,551		28,150,000		142,979,551		171,129,551		(48,799,382	)		122,330,169		—
455 Eye Street	Washington, D.C.	G		2017		174		11,941,406		61,395,797		20,856		11,941,406		61,416,653		73,358,059		(3,530,514	)		69,827,545		—
4701 Willard	Chevy Chase, MD	G		1966		517		76,921,130		153,947,682		30,602,147		76,921,130		184,549,829		261,470,959		(58,855,681	)		202,615,278		—
4885 Edgemoor Lane	Bethesda, MD		—	(F)		—		—		3,766,336		—		—		3,766,336		3,766,336		—			3,766,336		—
4th and Hill	Los Angeles, CA		—	(F)		—		13,131,456		14,133,106		—		13,131,456		14,133,106		27,264,562		—			27,264,562		—
600 Washington	New York, NY	G		2004		135		32,852,000		43,140,551		1,100,410		32,852,000		44,240,961		77,092,961		(20,829,342	)		56,263,619		—
660 Washington (fka Boston Common)	Boston, MA	G		2006		420		106,100,000		166,311,679		3,523,700		106,100,000		169,835,379		275,935,379		(41,138,920	)		234,796,459		—
70 Greene	Jersey City, NJ	G		2010		480		28,108,899		236,763,553		2,269,833		28,108,899		239,033,386		267,142,285		(73,802,320	)		193,339,965		—
71 Broadway	New York, NY	G		1997		238		22,611,600		77,492,171		15,001,275		22,611,600		92,493,446		115,105,046		(47,229,499	)		67,875,547		—
77 Bluxome	San Francisco, CA		—	2007		102		5,249,124		18,609,876		443,622		5,249,124		19,053,498		24,302,622		(5,793,095	)		18,509,527		—
77 Park Avenue (fka Hoboken)	Hoboken, NJ	G		2000		301		27,900,000		168,992,440		6,604,709		27,900,000		175,597,149		203,497,149		(41,358,995	)		162,138,154		—
777 Sixth	New York, NY	G		2002		294		65,352,706		65,747,294		4,014,061		65,352,706		69,761,355		135,114,061		(28,362,079	)		106,751,982		—
88 Hillside	Daly City, CA	G		2011		95		7,786,800		31,587,325		3,069,561		7,786,800		34,656,886		42,443,686		(10,033,292	)		32,410,394		—
855 Brannan	San Francisco, CA	G		2018		449		41,363,921		280,655,909		32,065		41,363,921		280,687,974		322,051,895		(12,233,138	)		309,818,757		—
Acappella	Pasadena, CA		—	2002		143		5,839,548		29,360,452		2,165,266		5,839,548		31,525,718		37,365,266		(11,163,153	)		26,202,113		—
Acton Courtyard	Berkeley, CA	G		2003		71		5,550,000		15,785,509		303,373		5,550,000		16,088,882		21,638,882		(7,089,343	)		14,549,539		—
Alban Towers	Washington, D.C.		—	1934		229		18,900,000		89,794,201		4,895,344		18,900,000		94,689,545		113,589,545		(22,245,031	)		91,344,514		—
Alborada	Fremont, CA		—	1999		442		24,310,000		59,214,129		9,293,818		24,310,000		68,507,947		92,817,947		(41,761,182	)		51,056,765		—
Altitude (fka Village at Howard Hughes, The (Lots 1 & 2))	Los Angeles, CA		—	2016		545		43,783,485		148,378,972		123,006		43,783,485		148,501,978		192,285,463		(14,509,419	)		177,776,044		—
Alton, The (fka Millikan)	Irvine, CA		—	2017		344		11,049,027		95,898,795		27,038		11,049,027		95,925,833		106,974,860		(7,393,177	)		99,581,683		—
Arbor Terrace	Sunnyvale, CA		—	1979		175		9,057,300		18,483,642		9,866,646		9,057,300		28,350,288		37,407,588		(16,398,864	)		21,008,724		—
Arches, The	Sunnyvale, CA		—	1974		410		26,650,000		62,850,000		2,142,608		26,650,000		64,992,608		91,642,608		(22,783,366	)		68,859,242		—
Artech Building	Berkeley, CA	G		2002		27		1,642,000		9,152,518		2,118,504		1,642,000		11,271,022		12,913,022		(4,123,265	)		8,789,757		—
Artisan on Second	Los Angeles, CA		—	2008		118		8,000,400		36,074,600		1,046,371		8,000,400		37,120,971		45,121,371		(11,684,515	)		33,436,856		—
Artistry Emeryville (fka Emeryville)	Emeryville, CA		—	1994		267		12,300,000		61,466,267		6,802,555		12,300,000		68,268,822		80,568,822		(17,833,191	)		62,735,631		—
Atelier	Brooklyn, NY	G		2015		120		32,401,680		47,135,432		313,737		32,401,680		47,449,169		79,850,849		(6,648,014	)		73,202,835		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2018

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/18
Apartment Name	Location	Retail/ Commercial Space		Date of Construction	Apartment Units (H)		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/18		Encumbrances
Avanti	Anaheim, CA		—	1987		162		12,960,000		18,497,683		3,876,996		12,960,000		22,374,679		35,334,679		(10,360,476	)		24,974,203		—
Avenue Two	Redwood City, CA		—	1972		123		7,995,000		18,005,000		2,385,284		7,995,000		20,390,284		28,385,284		(6,758,825	)		21,626,459		—
Azure (fka Mission Bay-Block 13)	San Francisco, CA		—	2015		273		32,855,115		152,628,044		201,962		32,855,115		152,830,006		185,685,121		(19,304,541	)		166,380,580		—
Bay Hill	Long Beach, CA		—	2002		160		7,600,000		27,437,239		3,501,456		7,600,000		30,938,695		38,538,695		(15,493,308	)		23,045,387		—
Beatrice, The	New York, NY		—	2010		302		114,351,405		165,648,595		1,583,190		114,351,405		167,231,785		281,583,190		(46,223,187	)		235,360,003		—
Belle Arts Condominium Homes, LLC	Bellevue, WA		—	2000		1		63,158		236,157		2,098		63,158		238,255		301,413		(83,348	)		218,065		—
Belle Fontaine	Marina Del Rey, CA		—	2003		102		9,098,808		28,701,192		1,277,604		9,098,808		29,978,796		39,077,604		(8,865,592	)		30,212,012		—
Breakwater at Marina Del Rey	Marina Del Rey, CA		—	1964-1969		224		—		73,189,262		2,103,728		—		75,292,990		75,292,990		(19,870,053	)		55,422,937		—
Briarwood (CA)	Sunnyvale, CA		—	1985		192		9,991,500		22,247,278		4,121,529		9,991,500		26,368,807		36,360,307		(17,956,685	)		18,403,622		—
Bridford Lakes II	Greensboro, NC		—	(F)		—		200,000		—		—		200,000		—		200,000		—			200,000		—
Brooklyner, The (fka 111 Lawrence)	Brooklyn, NY	G		2010		490		40,099,922		221,438,631		3,760,049		40,099,922		225,198,680		265,298,602		(61,813,037	)		203,485,565		—
C on Pico	Los Angeles, CA		—	2014		94		17,125,766		28,074,234		192,535		17,125,766		28,266,769		45,392,535		(3,822,366	)		41,570,169		—
Carlyle Mill	Alexandria, VA		—	2002		317		10,000,000		51,367,913		8,584,023		10,000,000		59,951,936		69,951,936		(32,763,420	)		37,188,516		—
Carmel Terrace	San Diego, CA		—	1988-1989		384		2,288,300		20,596,281		12,173,035		2,288,300		32,769,316		35,057,616		(27,594,760	)		7,462,856		—
Cascade	Seattle, WA	G		2017		477		23,751,564		148,150,309		1,109		23,751,564		148,151,418		171,902,982		(8,307,229	)		163,595,753		—
Centennial (fka Centennial Court & Centennial Tower)	Seattle, WA	G		1991/2001		408		9,700,000		70,080,378		12,240,924		9,700,000		82,321,302		92,021,302		(40,391,210	)		51,630,092		—
Centre Club Combined	Ontario, CA		—	1994 & 2002		412		7,436,000		33,014,789		9,207,501		7,436,000		42,222,290		49,658,290		(24,948,636	)		24,709,654		—
Chloe	Seattle, WA	G		2010		117		14,835,571		39,359,650		628,879		14,835,571		39,988,529		54,824,100		(2,779,352	)		52,044,748		—
Church Corner	Cambridge, MA	G		1987		85		5,220,000		16,744,643		3,104,358		5,220,000		19,849,001		25,069,001		(10,167,185	)		14,901,816		—
City Gate at Cupertino (fka Cupertino)	Cupertino, CA		—	1998		311		40,400,000		95,937,046		7,410,552		40,400,000		103,347,598		143,747,598		(25,436,921	)		118,310,677		—
City Pointe	Fullerton, CA	G		2004		183		6,863,792		36,476,208		2,047,704		6,863,792		38,523,912		45,387,704		(14,150,420	)		31,237,284		—
City Square Bellevue (fka Bellevue)	Bellevue, WA	G		1998		191		15,100,000		41,876,257		3,476,525		15,100,000		45,352,782		60,452,782		(11,624,754	)		48,828,028		—
CityView at Longwood	Boston, MA	G		1970		295		14,704,898		79,195,102		13,594,830		14,704,898		92,789,932		107,494,830		(33,266,169	)		74,228,661		—
Clarendon, The	Arlington, VA	G		2005		292		30,400,340		103,824,660		2,390,107		30,400,340		106,214,767		136,615,107		(33,551,922	)		103,063,185		—
Cleo, The	Los Angeles, CA		—	1989		92		6,615,467		14,829,335		3,945,639		6,615,467		18,774,974		25,390,441		(9,223,334	)		16,167,107		—
Connecticut Heights	Washington, D.C.		—	1974		518		27,600,000		114,002,295		9,236,604		27,600,000		123,238,899		150,838,899		(29,100,080	)		121,738,819		—
Corcoran House at DuPont Circle (fka DuPont Circle)	Washington, D.C.	G		1961		138		13,500,000		26,913,113		1,945,268		13,500,000		28,858,381		42,358,381		(7,970,206	)		34,388,175		—
Courthouse Plaza	Arlington, VA	G		1990		396		—		87,386,024		5,810,948		—		93,196,972		93,196,972		(25,008,039	)		68,188,933		—
Creekside (San Mateo)	San Mateo, CA		—	1985		192		9,606,600		21,193,231		4,714,294		9,606,600		25,907,525		35,514,125		(17,827,109	)		17,687,016		—
Cronins Landing	Waltham, MA	G		1998		281		32,300,000		85,119,324		9,986,941		32,300,000		95,106,265		127,406,265		(23,112,933	)		104,293,332		—
Crystal Place	Arlington, VA		—	1986		181		17,200,000		47,918,975		3,799,780		17,200,000		51,718,755		68,918,755		(13,497,731	)		55,421,024		—
Deerwood (SD)	San Diego, CA		—	1990		316		2,082,095		18,739,815		15,328,542		2,082,095		34,068,357		36,150,452		(29,457,997	)		6,692,455		—
Del Mar Ridge	San Diego, CA		—	1998		181		7,801,824		36,948,176		3,997,663		7,801,824		40,945,839		48,747,663		(16,173,191	)		32,574,472		—
Eagle Canyon	Chino Hills, CA		—	1985		252		1,808,900		16,274,361		10,216,962		1,808,900		26,491,323		28,300,223		(19,595,575	)		8,704,648		—
Edgemont at Bethesda Metro	Bethesda, MD		—	1989		122		13,092,552		43,907,448		1,570,420		13,092,552		45,477,868		58,570,420		(13,558,521	)		45,011,899		—
Elevé	Glendale, CA	G		2013		208		14,080,560		56,419,440		741,173		14,080,560		57,160,613		71,241,173		(12,317,955	)		58,923,218		—
Emerson Place	Boston, MA	G		1962		444		14,855,000		57,566,636		31,456,250		14,855,000		89,022,886		103,877,886		(59,097,457	)		44,780,429		—
Encore at Sherman Oaks, The	Sherman Oaks, CA		—	1988		174		8,700,000		25,446,003		2,240,556		8,700,000		27,686,559		36,386,559		(9,771,700	)		26,614,859		—
Fountains at Emerald Park (fka Emerald Park)	Dublin, CA		—	2000		324		25,900,000		83,986,217		2,547,788		25,900,000		86,534,005		112,434,005		(22,068,994	)		90,365,011		—
Fremont Center	Fremont, CA	G		2002		322		25,800,000		78,753,114		4,235,681		25,800,000		82,988,795		108,788,795		(21,299,475	)		87,489,320		—
Gallery, The	Hermosa Beach, CA		—	1971		169		18,144,000		46,567,941		2,905,707		18,144,000		49,473,648		67,617,648		(23,145,881	)		44,471,767		—
Gateway at Malden Center	Malden, MA	G		1988		203		9,209,780		25,722,666		15,394,618		9,209,780		41,117,284		50,327,064		(24,990,335	)		25,336,729		—
Geary Court Yard	San Francisco, CA		—	1990		164		1,722,400		15,471,429		5,447,819		1,722,400		20,919,248		22,641,648		(14,374,505	)		8,267,143		—
Girard	Boston, MA	G		2016		160		—		102,450,328		792,675		—		103,243,003		103,243,003		(7,551,227	)		95,691,776		—
Hampshire Place	Los Angeles, CA		—	1989		259		10,806,000		30,335,330		6,750,493		10,806,000		37,085,823		47,891,823		(18,306,144	)		29,585,679		—
Harbor Steps	Seattle, WA	G		2000		758		59,403,601		158,829,432		35,187,525		59,403,601		194,016,957		253,420,558		(88,466,202	)		164,954,356		—
Heights on Capitol Hill	Seattle, WA	G		2006		104		5,425,000		21,138,028		1,757,739		5,425,000		22,895,767		28,320,767		(9,916,225	)		18,404,542		—
Helios (fka 2nd+Pine)	Seattle, WA	G		2017		398		18,061,674		206,297,144		14,831		18,061,674		206,311,975		224,373,649		(11,942,676	)		212,430,973		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2018

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/18
Apartment Name	Location	Retail/ Commercial Space		Date of Construction	Apartment Units (H)		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/18		Encumbrances
Heritage at Stone Ridge	Burlington, MA		—	2005		180		10,800,000		31,808,335		2,560,256		10,800,000		34,368,591		45,168,591		(16,558,111	)		28,610,480		—
Heritage Ridge	Lynwood, WA		—	1999		197		6,895,000		18,983,597		4,341,551		6,895,000		23,325,148		30,220,148		(10,981,639	)		19,238,509		—
Hesby	North Hollywood, CA		—	2013		308		23,299,892		102,700,108		1,045,443		23,299,892		103,745,551		127,045,443		(21,321,630	)		105,723,813		—
Highlands at South Plainfield	South Plainfield, NJ		—	2000		252		10,080,000		37,526,912		2,174,172		10,080,000		39,701,084		49,781,084		(18,721,344	)		31,059,740		—
Hikari	Los Angeles, CA	G		2007		128		9,435,760		32,564,240		924,031		9,435,760		33,488,271		42,924,031		(10,500,837	)		32,423,194		—
Hudson Crossing	New York, NY	G		2003		259		23,420,000		69,977,699		2,641,742		23,420,000		72,619,441		96,039,441		(35,972,698	)		60,066,743		—
Hudson Pointe	Jersey City, NJ		—	2003		182		5,350,000		41,114,074		6,559,255		5,350,000		47,673,329		53,023,329		(24,093,676	)		28,929,653		—
Hunt Club II	Charlotte, NC		—	(F)		—		100,000		—		—		100,000		—		100,000		—			100,000		—
Ivory Wood	Bothell, WA		—	2000		144		2,732,800		13,888,282		1,470,190		2,732,800		15,358,472		18,091,272		(7,954,981	)		10,136,291		—
Jia (fka Chinatown Gateway)	Los Angeles, CA	G		2014		280		14,791,831		77,708,868		400,967		14,791,831		78,109,835		92,901,666		(19,685,769	)		73,215,897		—
Junction 47 (fka West Seattle)	Seattle, WA	G		2015		206		11,726,305		56,246,557		110,852		11,726,305		56,357,409		68,083,714		(7,480,950	)		60,602,764		—
Kelvin, The (fka Modera)	Irvine, CA		—	2015		194		15,521,552		64,853,448		520,485		15,521,552		65,373,933		80,895,485		(10,153,159	)		70,742,326		—
Kenwood Mews	Burbank, CA		—	1991		141		14,100,000		24,662,883		4,006,944		14,100,000		28,669,827		42,769,827		(13,857,402	)		28,912,425		—
Laguna Clara	Santa Clara, CA		—	1972		264		13,642,420		28,128,260		5,050,290		13,642,420		33,178,550		46,820,970		(18,704,128	)		28,116,842		—
Landings at Port Imperial	W. New York, NJ		—	1999		276		27,246,045		37,741,050		12,850,243		27,246,045		50,591,293		77,837,338		(31,145,964	)		46,691,374		—
Liberty Tower	Arlington, VA	G		2008		235		16,382,822		83,817,078		2,105,715		16,382,822		85,922,793		102,305,615		(28,986,710	)		73,318,905		—
Lincoln Heights	Quincy, MA		—	1991		336		5,928,400		33,595,262		14,626,711		5,928,400		48,221,973		54,150,373		(36,031,322	)		18,119,051		—
Lindley Apartments	Encino, CA		—	2004		129		5,805,000		25,705,000		1,577,513		5,805,000		27,282,513		33,087,513		(9,306,827	)		23,780,686		—
Lofts 590	Arlington, VA		—	2005		212		20,100,000		67,909,023		732,963		20,100,000		68,641,986		88,741,986		(16,094,383	)		72,647,603		—
Lofts at Kendall Square (fka Kendall Square)	Cambridge, MA		—	1998		186		18,696,674		78,445,657		6,554,452		18,696,674		85,000,109		103,696,783		(20,874,720	)		82,822,063		—
Longacre House	New York, NY	G		2000		293		73,170,045		53,962,510		3,845,833		73,170,045		57,808,343		130,978,388		(24,364,056	)		106,614,332		—
Longfellow Place	Boston, MA	G		1975		710		38,264,917		132,175,915		82,037,087		38,264,917		214,213,002		252,477,919		(143,886,095	)		108,591,824		—
Longview Place	Waltham, MA		—	2004		348		20,880,000		90,255,509		7,188,625		20,880,000		97,444,134		118,324,134		(45,368,039	)		72,956,095		—
Mantena	New York, NY	G		2012		98		22,346,513		61,501,158		942,456		22,346,513		62,443,614		84,790,127		(15,923,495	)		68,866,632		—
Marina 41 (fka Marina Del Rey)	Marina Del Rey, CA		—	1973		623		—		168,842,442		8,397,509		—		177,239,951		177,239,951		(47,146,998	)		130,092,953		—
Mariposa at Playa Del Rey (fka Playa Del Rey)	Playa Del Rey, CA		—	2004		354		60,900,000		89,311,482		5,580,206		60,900,000		94,891,688		155,791,688		(24,699,526	)		131,092,162		—
Market Street Village	San Diego, CA		—	2006		229		13,740,000		40,757,301		2,328,664		13,740,000		43,085,965		56,825,965		(19,556,103	)		37,269,862		—
Metro on First	Seattle, WA	G		2002		102		8,540,000		12,209,981		2,362,369		8,540,000		14,572,350		23,112,350		(6,573,840	)		16,538,510		—
Milano Lofts	Los Angeles, CA	G		1925/2006		99		8,125,216		27,378,784		2,883,991		8,125,216		30,262,775		38,387,991		(8,050,414	)		30,337,577		—
Montierra (CA)	San Diego, CA		—	1990		272		8,160,000		29,360,938		8,205,107		8,160,000		37,566,045		45,726,045		(25,291,041	)		20,435,004		—
Mosaic at Metro	Hyattsville, MD		—	2008		260		—		59,580,898		1,270,920		—		60,851,818		60,851,818		(21,513,518	)		39,338,300		—
Mountain View Redevelopment	Mountain View, CA		—	(F)		—		—		160,996		—		—		160,996		160,996		—			160,996		—
Mozaic at Union Station	Los Angeles, CA		—	2007		272		8,500,000		52,529,446		2,384,578		8,500,000		54,914,024		63,414,024		(24,082,672	)		39,331,352		—
Murray Hill Tower (fka Murray Hill)	New York, NY	G		1974		270		75,800,000		102,705,401		9,551,107		75,800,000		112,256,508		188,056,508		(30,064,769	)		157,991,739		—
North Pier at Harborside	Jersey City, NJ		—	2003		297		4,000,159		94,290,590		4,743,836		4,000,159		99,034,426		103,034,585		(49,673,731	)		53,360,854		—
Northglen	Valencia, CA		—	1988		234		9,360,000		20,778,553		5,764,419		9,360,000		26,542,972		35,902,972		(15,274,806	)		20,628,166		—
Northpark	Burlingame, CA		—	1972		510		38,607,000		77,472,217		14,751,585		38,607,000		92,223,802		130,830,802		(36,348,320	)		94,482,482		—
Northridge	Pleasant Hill, CA		—	1974		221		5,524,000		14,691,705		11,428,402		5,524,000		26,120,107		31,644,107		(19,830,954	)		11,813,153		—
Oak Park Combined	Agoura Hills, CA		—	1989 & 1990		444		3,390,700		30,517,274		10,707,930		3,390,700		41,225,204		44,615,904		(31,925,485	)		12,690,419		—
Oaks	Santa Clarita, CA		—	2000		520		23,400,000		61,020,438		6,184,215		23,400,000		67,204,653		90,604,653		(36,500,570	)		54,104,083		—
Oakwood Crystal City	Arlington, VA		—	1987		162		15,400,000		35,474,336		4,071,719		15,400,000		39,546,055		54,946,055		(10,060,766	)		44,885,289		—
Ocean Crest	Solana Beach, CA		—	1986		146		5,111,200		11,910,438		4,523,128		5,111,200		16,433,566		21,544,766		(11,149,744	)		10,395,022		—
Odin (fka Tallman)	Seattle, WA		—	2015		301		16,807,519		63,651,394		43,186		16,807,519		63,694,580		80,502,099		(8,420,800	)		72,081,299		—
Old Town Lofts	Redmond, WA	G		2014		149		7,740,467		44,146,181		802,966		7,740,467		44,949,147		52,689,614		(6,895,004	)		45,794,610		—
One Henry Adams	San Francisco, CA	G		2016		241		30,224,393		138,212,568		10,366		30,224,393		138,222,934		168,447,327		(10,939,933	)		157,507,394		—
One India Street (fka Oakwood Boston)	Boston, MA	G		1901		94		22,200,000		28,672,979		3,346,235		22,200,000		32,019,214		54,219,214		(8,203,480	)		46,015,734		—
Pacific Place	Los Angeles, CA		—	2008		430		32,250,000		110,750,000		1,796,632		32,250,000		112,546,632		144,796,632		(27,949,911	)		116,846,721		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2018

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/18
Apartment Name	Location	Retail/ Commercial Space		Date of Construction	Apartment Units (H)		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/18		Encumbrances
Packard Building	Seattle, WA	G		2010		61		5,911,041		19,954,959		691,363		5,911,041		20,646,322		26,557,363		(3,017,526	)		23,539,837		—
Parc 77	New York, NY	G		1903		137		40,504,000		18,025,679		6,345,232		40,504,000		24,370,911		64,874,911		(13,224,242	)		51,650,669		—
Parc Cameron	New York, NY	G		1927		166		37,600,000		9,855,597		7,488,875		37,600,000		17,344,472		54,944,472		(11,104,877	)		43,839,595		—
Parc Coliseum	New York, NY	G		1910		177		52,654,000		23,045,751		9,179,112		52,654,000		32,224,863		84,878,863		(18,199,716	)		66,679,147		—
Parc East Towers	New York, NY	G		1977		324		102,163,000		108,989,402		10,892,394		102,163,000		119,881,796		222,044,796		(52,426,236	)		169,618,560		—
Parc on Powell (fka Parkside at Emeryville)	Emeryville, CA	G		2015		173		16,667,059		65,073,509		212,580		16,667,059		65,286,089		81,953,148		(9,333,810	)		72,619,338		—
Park at Pentagon Row (fka Pentagon City)	Arlington, VA	G		1990		298		28,300,000		78,838,184		2,436,695		28,300,000		81,274,879		109,574,879		(20,074,236	)		89,500,643		—
Park Connecticut	Washington, D.C.		—	2000		142		13,700,000		59,087,519		1,663,394		13,700,000		60,750,913		74,450,913		(14,438,751	)		60,012,162		—
Park Hacienda (fka Hacienda)	Pleasanton, CA		—	2000		540		43,200,000		128,753,359		4,858,184		43,200,000		133,611,543		176,811,543		(34,884,871	)		141,926,672		—
Park West (CA)	Los Angeles, CA		—	1987/1990		444		3,033,500		27,302,383		11,262,203		3,033,500		38,564,586		41,598,086		(29,343,622	)		12,254,464		—
Parkside	Union City, CA		—	1979		208		6,246,700		11,827,453		7,163,451		6,246,700		18,990,904		25,237,604		(12,327,804	)		12,909,800		—
Pearl, The (WA)	Seattle, WA	G		2008		80		6,972,585		26,527,415		999,509		6,972,585		27,526,924		34,499,509		(3,981,489	)		30,518,020		—
Pearl MDR (fka Oakwood Marina Del Rey)	Marina Del Rey, CA	G		1969		597		—		120,795,359		4,778,318		—		125,573,677		125,573,677		(33,800,305	)		91,773,372		—
Pegasus	Los Angeles, CA	G		1949/2003		322		18,094,052		81,905,948		6,080,345		18,094,052		87,986,293		106,080,345		(29,282,736	)		76,797,609		—
Playa Pacifica	Hermosa Beach, CA		—	1972		285		35,100,000		33,473,822		23,015,281		35,100,000		56,489,103		91,589,103		(28,347,617	)		63,241,486		—
Portofino	Chino Hills, CA		—	1989		176		3,572,400		14,660,994		3,777,392		3,572,400		18,438,386		22,010,786		(13,473,788	)		8,536,998		—
Portofino (Val)	Valencia, CA		—	1989		216		8,640,000		21,487,126		5,637,028		8,640,000		27,124,154		35,764,154		(16,434,227	)		19,329,927		—
Portside Towers	Jersey City, NJ	G		1992-1997		527		22,487,006		96,842,913		23,175,339		22,487,006		120,018,252		142,505,258		(84,850,599	)		57,654,659		—
Potrero 1010	San Francisco, CA	G		2016		453		40,830,011		179,509,834		120,105		40,830,011		179,629,939		220,459,950		(18,869,635	)		201,590,315		—
Prado (fka Glendale)	Glendale, CA		—	1988		264		—		67,977,313		4,453,741		—		72,431,054		72,431,054		(18,216,430	)		54,214,624		—
Prime, The	Arlington, VA		—	2002		273		34,625,000		77,879,740		1,499,005		34,625,000		79,378,745		114,003,745		(30,036,655	)		83,967,090		—
Prism at Park Avenue South (fka 400 Park Avenue South)	New York, NY	G		2015		269		76,292,169		171,558,177		127,665		76,292,169		171,685,842		247,978,011		(25,554,087	)		222,423,924		—
Promenade at Town Center I & II	Valencia, CA		—	2001		564		28,200,000		69,795,915		9,741,254		28,200,000		79,537,169		107,737,169		(41,393,133	)		66,344,036		—
Providence	Bothell, WA		—	2000		200		3,573,621		19,055,505		3,095,294		3,573,621		22,150,799		25,724,420		(11,070,038	)		14,654,382		—
Quarry Hills	Quincy, MA		—	2006		316		26,900,000		84,411,162		2,829,890		26,900,000		87,241,052		114,141,052		(22,257,122	)		91,883,930		—
Radius Uptown	Denver, CO		—	2017		372		13,644,960		121,899,032		93,774		13,644,960		121,992,806		135,637,766		(3,902,658	)		131,735,108		—
Red 160 (fka Redmond Way)	Redmond, WA	G		2011		250		15,546,376		65,320,010		1,306,822		15,546,376		66,626,832		82,173,208		(18,309,824	)		63,863,384		—
Redmond Court	Bellevue, WA		—	1977		206		10,300,000		33,488,745		1,106,972		10,300,000		34,595,717		44,895,717		(9,833,862	)		35,061,855		—
Regency Palms	Huntington Beach, CA		—	1969		310		1,857,400		16,713,254		6,506,417		1,857,400		23,219,671		25,077,071		(18,325,451	)		6,751,620		—
Renaissance Villas	Berkeley, CA	G		1998		34		2,458,000		4,542,000		200,843		2,458,000		4,742,843		7,200,843		(2,002,770	)		5,198,073		—
Reserve at Clarendon Centre, The	Arlington, VA	G		2003		252		10,500,000		52,812,935		4,759,258		10,500,000		57,572,193		68,072,193		(30,673,683	)		37,398,510		—
Reserve at Eisenhower, The	Alexandria, VA		—	2002		226		6,500,000		34,585,060		4,515,799		6,500,000		39,100,859		45,600,859		(20,712,491	)		24,888,368		—
Reserve at Empire Lakes	Rancho Cucamonga, CA		—	2005		467		16,345,000		73,080,670		3,320,031		16,345,000		76,400,701		92,745,701		(36,394,123	)		56,351,578		—
Reserve at Mountain View (fka Mountain View)	Mountain View, CA		—	1965		180		27,000,000		33,029,605		7,621,478		27,000,000		40,651,083		67,651,083		(10,869,571	)		56,781,512		—
Reserve at Potomac Yard	Alexandria, VA		—	2002		588		11,918,917		68,862,641		15,256,457		11,918,917		84,119,098		96,038,015		(42,003,388	)		54,034,627		—
Reserve at Town Center I-III (WA)	Mill Creek, WA	G		2001, 2009, 2014		584		16,768,705		77,511,523		5,623,360		16,768,705		83,134,883		99,903,588		(33,572,969	)		66,330,619		—
Residences at Westgate I (fka Westgate II)	Pasadena, CA	G		2014		252		17,859,785		109,259,858		353,398		17,859,785		109,613,256		127,473,041		(22,357,191	)		105,115,850		—
Residences at Westgate II (fka Westgate III)	Pasadena, CA	G		2015		88		12,118,248		40,449,028		60,085		12,118,248		40,509,113		52,627,361		(5,850,705	)		46,776,656		—
Rianna I & II	Seattle, WA	G		2000/2002		156		4,430,000		29,298,096		1,133,335		4,430,000		30,431,431		34,861,431		(11,522,763	)		23,338,668		—
Ridgewood Village I&II	San Diego, CA		—	1997		408		11,809,500		34,004,048		5,830,811		11,809,500		39,834,859		51,644,359		(26,215,341	)		25,429,018		—
Riva Terra I (fka Redwood Shores)	Redwood City, CA		—	1986		304		34,963,355		84,587,658		4,579,233		34,963,355		89,166,891		124,130,246		(23,808,487	)		100,321,759		—
Riva Terra II (fka Harborside)	Redwood City, CA		—	1986		149		17,136,645		40,536,531		2,273,237		17,136,645		42,809,768		59,946,413		(10,623,659	)		49,322,754		—
Riverpark	Redmond, WA	G		2009		321		14,355,000		80,894,049		3,905,450		14,355,000		84,799,499		99,154,499		(24,557,962	)		74,596,537		—
Rivington, The	Hoboken, NJ		—	1999		240		34,340,640		112,110,289		524,731		34,340,640		112,635,020		146,975,660		(6,937,992	)		140,037,668		—
Rosecliff II	Quincy, MA		—	2005		130		4,922,840		30,202,160		1,342,588		4,922,840		31,544,748		36,467,588		(10,069,250	)		26,398,338		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2018

Description								Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/18
Apartment Name	Location	Retail/ Commercial Space		Date of Construction		Apartment Units (H)		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/18		Encumbrances
Sakura Crossing	Los Angeles, CA	G		2009			230		14,641,990		42,858,010		1,440,822		14,641,990		44,298,832		58,940,822		(14,646,231	)		44,294,591		—
Seventh & James	Seattle, WA	G		1992			96		663,800		5,974,803		4,466,962		663,800		10,441,765		11,105,565		(7,764,932	)		3,340,633		—
Sheffield Court	Arlington, VA		—	1986			597		3,342,381		31,337,332		15,840,921		3,342,381		47,178,253		50,520,634		(37,713,141	)		12,807,493		—
Siena Terrace	Lake Forest, CA		—	1988			356		8,900,000		24,083,024		7,343,477		8,900,000		31,426,501		40,326,501		(21,400,131	)		18,926,370		—
Skycrest	Valencia, CA		—	1999			264		10,560,000		25,574,457		5,774,667		10,560,000		31,349,124		41,909,124		(18,371,799	)		23,537,325		—
Skyhouse Denver	Denver, CO	G		2017			354		13,562,331		126,360,129		98,231		13,562,331		126,458,360		140,020,691		(3,622,426	)		136,398,265		—
Skylark	Union City, CA		—	1986			174		1,781,600		16,731,916		5,618,577		1,781,600		22,350,493		24,132,093		(14,414,952	)		9,717,141		—
Skyline Terrace	Burlingame, CA		—	1967 & 1987			138		16,836,000		35,414,000		8,156,471		16,836,000		43,570,471		60,406,471		(15,013,850	)		45,392,621		—
Skyline Towers	Falls Church, VA	G		1971			939		78,278,200		91,485,591		45,016,303		78,278,200		136,501,894		214,780,094		(77,594,870	)		137,185,224		—
Skyview	Rancho Santa Margarita, CA		—	1999			260		3,380,000		21,952,863		5,500,993		3,380,000		27,453,856		30,833,856		(17,769,582	)		13,064,274		—
SoMa II	San Francisco, CA		—	(F)			—		29,406,606		5,741,605		—		29,406,606		5,741,605		35,148,211		—			35,148,211		—
Sonterra at Foothill Ranch	Foothill Ranch, CA		—	1997			300		7,503,400		24,048,507		6,018,250		7,503,400		30,066,757		37,570,157		(19,961,454	)		17,608,703		—
South City Station (fka South San Francisco)	San Francisco, CA	G		2007			368		68,900,000		79,476,861		4,611,766		68,900,000		84,088,627		152,988,627		(21,524,365	)		131,464,262		—
Southwood	Palo Alto, CA		—	1985			100		6,936,600		14,324,069		6,760,016		6,936,600		21,084,085		28,020,685		(12,852,392	)		15,168,293		—
Springbrook Estates	Riverside, CA		—	(F)			—		18,200,000		1,145,000		—		18,200,000		1,145,000		19,345,000		—			19,345,000		—
Springline	Seattle, WA	G		2016			136		9,163,667		47,910,981		390,699		9,163,667		48,301,680		57,465,347		(4,533,798	)		52,931,549		—
Summerset Village II	Chatsworth, CA		—	(F)			—		260,646		—		—		260,646		—		260,646		—			260,646		—
Summit at Sausalito (fka Sausalito)	Sausalito, CA		—	1978			198		26,000,000		28,435,024		9,140,862		26,000,000		37,575,886		63,575,886		(11,439,522	)		52,136,364		—
Ten23 (fka 500 West 23rd Street)	New York, NY	G		2011			111		—		58,881,873		337,851		—		59,219,724		59,219,724		(14,245,570	)		44,974,154		—
Terraces, The	San Francisco, CA	G		1975			117		14,087,610		16,314,151		1,758,321		14,087,610		18,072,472		32,160,082		(6,415,798	)		25,744,284		—
Third Square	Cambridge, MA	G		2008/2009			471		26,767,171		218,822,728		7,870,443		26,767,171		226,693,171		253,460,342		(78,218,773	)		175,241,569		—
Three20	Seattle, WA	G		2013			134		7,030,766		29,005,762		756,472		7,030,766		29,762,234		36,793,000		(6,893,992	)		29,899,008		—
Toscana	Irvine, CA		—	1991/1993			563		39,410,000		50,806,072		20,588,732		39,410,000		71,394,804		110,804,804		(40,974,164	)		69,830,640		—
Town Square at Mark Center I (fka Millbrook I)	Alexandria, VA		—	1996			406		24,360,000		86,178,714		8,490,378		24,360,000		94,669,092		119,029,092		(44,377,201	)		74,651,891		—
Town Square at Mark Center II	Alexandria, VA		—	2001			272		15,568,464		55,029,607		4,433,417		15,568,464		59,463,024		75,031,488		(21,151,199	)		53,880,289		—
Troy Boston	Boston, MA	G		2015			378		34,641,051		181,602,575		101,573		34,641,051		181,704,148		216,345,199		(6,623,226	)		209,721,973		—
Urbana (fka Market Street Landing)	Seattle, WA	G		2014			287		12,542,418		75,800,090		1,262,298		12,542,418		77,062,388		89,604,806		(17,836,404	)		71,768,402		—
Uwajimaya Village	Seattle, WA		—	2002			176		8,800,000		22,188,288		2,039,013		8,800,000		24,227,301		33,027,301		(11,748,837	)		21,278,464		—
Vantage Pointe	San Diego, CA	G		2009			679		9,403,960		190,596,040		10,163,129		9,403,960		200,759,169		210,163,129		(66,454,004	)		143,709,125		—
Veloce	Redmond, WA	G		2009			322		15,322,724		76,176,594		1,429,925		15,322,724		77,606,519		92,929,243		(20,521,554	)		72,407,689		—
Verde Condominium Homes (fka Mission Verde, LLC)	San Jose, CA		—	1986			108		5,190,700		9,679,109		4,455,624		5,190,700		14,134,733		19,325,433		(10,358,163	)		8,967,270		—
Veridian (fka Silver Spring)	Silver Spring, MD	G		2009			457		18,539,817		130,407,365		3,510,354		18,539,817		133,917,719		152,457,536		(43,822,971	)		108,634,565		—
Versailles (K-Town)	Los Angeles, CA		—	2008			225		10,590,975		44,409,025		1,665,109		10,590,975		46,074,134		56,665,109		(17,179,349	)		39,485,760		—
Victor on Venice	Los Angeles, CA	G			2,006		115		10,350,000		35,433,437		1,003,076		10,350,000		36,436,513		46,786,513		(15,908,114	)		30,878,399		—
Villa Solana	Laguna Hills, CA		—	1984			272		1,665,100		14,985,678		10,741,608		1,665,100		25,727,286		27,392,386		(20,635,508	)		6,756,878		—
Village at Del Mar Heights, The (fka Del Mar Heights)	San Diego, CA		—	1986			168		15,100,000		40,859,396		1,925,886		15,100,000		42,785,282		57,885,282		(11,360,058	)		46,525,224		—
Vintage	Ontario, CA		—	2005-2007			300		7,059,230		47,677,762		1,539,555		7,059,230		49,217,317		56,276,547		(21,895,611	)		34,380,936		—
Virginia Square	Arlington, VA	G		2002			231		—		85,940,003		5,670,439		—		91,610,442		91,610,442		(22,371,237	)		69,239,205		—
Vista 99 (fka Tasman)	San Jose, CA		—	2016			554		27,709,329		176,040,861		230,941		27,709,329		176,271,802		203,981,131		(19,667,441	)		184,313,690		—
Vista Del Lago	Mission Viejo, CA		—	1986-1988			608		4,525,800		40,736,293		17,318,936		4,525,800		58,055,229		62,581,029		(48,290,527	)		14,290,502		—
Vista on Courthouse	Arlington, VA		—		2,008		220		15,550,260		69,449,740		2,389,563		15,550,260		71,839,303		87,389,563		(25,840,645	)		61,548,918		—
Walden Park	Cambridge, MA		—		1,966		232		12,448,888		52,044,448		4,411,295		12,448,888		56,455,743		68,904,631		(19,527,545	)		49,377,086		—
Water Park Towers	Arlington, VA		—		1,989		362		34,400,000		108,485,859		10,053,790		34,400,000		118,539,649		152,939,649		(30,280,723	)		122,658,926		—
Watertown Square	Watertown, MA	G		2005			134		16,800,000		34,074,056		1,559,270		16,800,000		35,633,326		52,433,326		(8,944,170	)		43,489,156		—
West 96th	New York, NY	G		1987			207		84,800,000		67,055,502		5,705,814		84,800,000		72,761,316		157,561,316		(20,616,675	)		136,944,641		—
West End Apartments (fka Emerson Place/CRP II)	Boston, MA	G		2008			310		469,546		163,123,022		3,668,190		469,546		166,791,212		167,260,758		(61,427,741	)		105,833,017		—
West End Tower (fka Garden Garage)	Boston, MA		—	(F)			—		10,424,000		38,294,331		—		10,424,000		38,294,331		48,718,331		—			48,718,331		—
Westchester at Rockville	Rockville, MD		—	2009			192		10,600,000		44,135,207		884,695		10,600,000		45,019,902		55,619,902		(11,209,736	)		44,410,166		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2018

Description								Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/18
Apartment Name	Location	Retail/ Commercial Space		Date of Construction		Apartment Units (H)		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/18		Encumbrances
Westmont	New York, NY	G		1986			163		64,900,000		61,143,259		4,398,852		64,900,000		65,542,111		130,442,111		(16,741,081	)		113,701,030		—
Westside	Los Angeles, CA		—	2004			204		34,200,000		56,962,630		3,066,088		34,200,000		60,028,718		94,228,718		(14,822,757	)		79,405,961		—
Westside Barrington (fka Westside Villas III)	Los Angeles, CA		—	1999			36		3,060,000		5,538,871		1,111,261		3,060,000		6,650,132		9,710,132		(3,887,667	)		5,822,465		—
Westside Barry (Westside Villas VI)	Los Angeles, CA		—	1989			18		1,530,000		3,023,523		648,119		1,530,000		3,671,642		5,201,642		(2,196,161	)		3,005,481		—
Westside Beloit (fka Westside Villas I)	Los Angeles, CA		—	1999			21		1,785,000		3,233,254		736,265		1,785,000		3,969,519		5,754,519		(2,392,392	)		3,362,127		—
Westside Bundy (fka Westside Villas II)	Los Angeles, CA		—	1999			23		1,955,000		3,541,435		660,089		1,955,000		4,201,524		6,156,524		(2,501,347	)		3,655,177		—
Westside Butler (fka Westside Villas IV)	Los Angeles, CA		—	1999			36		3,060,000		5,539,390		1,003,468		3,060,000		6,542,858		9,602,858		(3,890,635	)		5,712,223		—
Westside Villas (fka Westside Villas V &VII)	Los Angeles, CA		—	1999 & 2001			113		9,605,000		19,983,385		2,720,073		9,605,000		22,703,458		32,308,458		(13,177,962	)		19,130,496		—
Windridge (CA)	Laguna Niguel, CA		—	1989			344		2,662,900		23,985,497		12,358,198		2,662,900		36,343,695		39,006,595		(27,568,039	)		11,438,556		—
Wood Creek I	Pleasant Hill, CA		—	1987			256		9,729,900		23,009,768		9,340,814		9,729,900		32,350,582		42,080,482		(23,075,720	)		19,004,762		—
Management Business	Chicago, IL		—	(D)			—		—		—		117,010,784		—		117,010,784		117,010,784		(96,891,265	)		20,119,519		—
Operating Partnership	Chicago, IL		—	(F)			—		—		10,278,996		—		—		10,278,996		10,278,996		—			10,278,996		—
Other	N/A		—		—		—		—		—		74,341		—		74,341		74,341		(29,979	)		44,362		—
Wholly Owned Unencumbered							62,862		4,900,861,387		15,320,429,009		1,387,840,336		4,900,861,387		16,708,269,345		21,609,130,732		(5,400,484,879	)		16,208,645,853		—
Wholly Owned Encumbered:
1401 Joyce on Pentagon Row	Arlington, VA		—	2004			326		9,780,000		89,668,165		5,209,262		9,780,000		94,877,427		104,657,427		(34,814,020	)		69,843,407		57,384,106
2501 Porter	Washington, D.C.		—	1988			202		13,000,000		75,271,179		6,617,637		13,000,000		81,888,816		94,888,816		(20,177,043	)		74,711,773	(I)
300 East 39th (fka East 39th)	New York, NY	G		2001			254		48,900,000		96,174,639		4,927,499		48,900,000		101,102,138		150,002,138		(25,417,391	)		124,584,747		61,139,469
303 East 83rd (fka Camargue)	New York, NY	G		1976			261		79,400,000		79,122,624		6,389,689		79,400,000		85,512,313		164,912,313		(22,235,813	)		142,676,500	(I)
425 Broadway	Santa Monica, CA	G		2001			101		12,600,000		34,394,772		3,606,786		12,600,000		38,001,558		50,601,558		(9,639,353	)		40,962,205	(I)
55 West Fifth I & II (fka Townhouse Plaza and Gardens)	San Mateo, CA		—	1964/1972			241		21,041,710		71,931,323		13,082,237		21,041,710		85,013,560		106,055,270		(25,342,170	)		80,713,100		25,456,082
800 Sixth Ave (fka Chelsea)	New York, NY	G		2003			266		59,900,000		155,861,605		2,551,093		59,900,000		158,412,698		218,312,698		(38,237,590	)		180,075,108		78,599,339
929 Mass (fka 929 House)	Cambridge, MA	G		1975			127		3,252,993		21,745,595		7,292,188		3,252,993		29,037,783		32,290,776		(18,665,226	)		13,625,550		119,684
Academy Village	North Hollywood, CA		—	1989			248		25,000,000		23,593,194		8,913,532		25,000,000		32,506,726		57,506,726		(19,215,717	)		38,291,009		19,985,389
Alcyone	Seattle, WA	G		2004			162		11,379,497		49,360,503		1,103,680		11,379,497		50,464,183		61,843,680		(9,767,220	)		52,076,460		27,756,919
Artisan Square	Northridge, CA		—	2002			140		7,000,000		20,537,359		1,670,956		7,000,000		22,208,315		29,208,315		(12,312,121	)		16,896,194		22,766,586
Avenir Apartments	Boston, MA	G		2009			241		—		114,321,619		3,484,463		—		117,806,082		117,806,082		(28,125,723	)		89,680,359		87,221,511
Bella Vista I, II, III Combined	Woodland Hills, CA		—	2003-2007			579		31,682,754		121,095,786		8,186,190		31,682,754		129,281,976		160,964,730		(58,472,749	)		102,491,981		57,966,537
Berkeleyan	Berkeley, CA	G		1998			56		4,377,000		16,022,110		673,901		4,377,000		16,696,011		21,073,011		(7,235,667	)		13,837,344		8,100,556
Calvert Woodley	Washington, D.C.		—	1962			136		12,600,000		43,527,379		2,208,011		12,600,000		45,735,390		58,335,390		(11,663,122	)		46,672,268	(I)
Chelsea Square	Redmond, WA		—	1991			113		3,397,100		9,289,074		2,730,568		3,397,100		12,019,642		15,416,742		(8,256,357	)		7,160,385		9,234,049
Citrus Suites	Santa Monica, CA		—	1978			70		9,000,000		16,950,326		2,094,969		9,000,000		19,045,295		28,045,295		(4,826,188	)		23,219,107	(I)
Cleveland House	Washington, D.C.		—	1953			214		18,300,000		66,392,414		4,858,254		18,300,000		71,250,668		89,550,668		(17,799,363	)		71,751,305	(I)
Columbia Crossing	Arlington, VA		—	1991			247		23,500,000		53,045,073		2,877,507		23,500,000		55,922,580		79,422,580		(14,794,273	)		64,628,307	(I)
Estancia at Santa Clara (fka Santa Clara)	Santa Clara, CA		—	2000			450		—		123,759,804		1,657,294		—		125,417,098		125,417,098		(32,083,921	)		93,333,177	(I)
Fairchase	Fairfax, VA		—	2007			392		23,500,000		87,722,321		1,210,925		23,500,000		88,933,246		112,433,246		(21,595,734	)		90,837,512	(I)
Fairfield	Stamford, CT	G		1996			263		6,510,200		39,690,120		8,602,359		6,510,200		48,292,479		54,802,679		(34,338,783	)		20,463,896		31,348,151
Fine Arts Building	Berkeley, CA	G		2004			100		7,817,000		26,462,772		880,966		7,817,000		27,343,738		35,160,738		(11,703,908	)		23,456,830		15,772,690
Flats at DuPont Circle	Washington, D.C.		—	1967			306		35,200,000		108,768,198		3,179,209		35,200,000		111,947,407		147,147,407		(25,978,612	)		121,168,795	(I)
Gaia Building	Berkeley, CA	G		2000			91		7,113,000		25,623,826		400,152		7,113,000		26,023,978		33,136,978		(11,264,581	)		21,872,397		14,310,309
Gaithersburg Station	Gaithersburg, MD	G		2013			389		17,500,000		74,678,917		1,136,625		17,500,000		75,815,542		93,315,542		(17,882,838	)		75,432,704		94,150,066
Glo	Los Angeles, CA	G		2008			201		16,047,022		48,650,963		3,425,049		16,047,022		52,076,012		68,123,034		(15,990,887	)		52,132,147		32,199,417
Hathaway	Long Beach, CA		—	1987			385		2,512,500		22,611,912		10,753,054		2,512,500		33,364,966		35,877,466		(25,621,271	)		10,256,195		46,495,108
Kelvin Court (fka Alta Pacific)	Irvine, CA		—	2008			132		10,752,145		34,628,115		656,460		10,752,145		35,284,575		46,036,720		(13,177,993	)		32,858,727		26,234,062
La Terrazza at Colma Station	Colma, CA	G		2005			155		—		41,251,044		2,304,807		—		43,555,851		43,555,851		(18,264,493	)		25,291,358		24,997,955
Liberty Park	Braintree, MA		—	2000			202		5,977,504		26,749,111		6,765,782		5,977,504		33,514,893		39,492,397		(18,532,044	)		20,960,353		24,966,238
Mill Creek	Milpitas, CA		—	1991			516		12,858,693		57,168,503		14,775,239		12,858,693		71,943,742		84,802,435		(36,507,386	)		48,295,049		69,282,256
Moda	Seattle, WA	G		2009			251		12,649,228		36,842,012		1,379,251		12,649,228		38,221,263		50,870,491		(13,657,076	)		37,213,415	(J)

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2018

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/18
Apartment Name	Location	Retail/ Commercial Space		Date of Construction	Apartment Units (H)		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/18		Encumbrances
Olympus Towers	Seattle, WA	G		2000		328		14,752,034		73,335,425		9,447,968		14,752,034		82,783,393		97,535,427		(43,130,107	)		54,405,320		49,823,673
Park Place at San Mateo (fka San Mateo)	San Mateo, CA	G		2001		575		71,900,000		211,907,141		13,040,037		71,900,000		224,947,178		296,847,178		(56,244,011	)		240,603,167	(I)
Reserve at Fairfax Corner	Fairfax, VA		—	2001		652		15,804,057		63,129,051		11,739,962		15,804,057		74,869,013		90,673,070		(41,689,916	)		48,983,154		84,717,832
SoMa Square Apartments (fka South Market)	San Francisco, CA	G		1986		410		79,900,000		177,316,977		12,766,992		79,900,000		190,083,969		269,983,969		(45,375,257	)		224,608,712	(I)
Square One	Seattle, WA		—	2014		112		7,222,544		26,277,456		74,562		7,222,544		26,352,018		33,574,562		(5,408,769	)		28,165,793	(J)
Summerset Village	Chatsworth, CA		—	1985		280		2,629,804		23,670,889		8,181,014		2,629,804		31,851,903		34,481,707		(23,765,883	)		10,715,824		38,020,343
Teresina	Chula Vista, CA		—	2000		440		28,600,000		61,916,670		6,795,448		28,600,000		68,712,118		97,312,118		(31,806,076	)		65,506,042		37,940,000
Touriel Building	Berkeley, CA	G		2004		35		2,736,000		7,810,027		199,965		2,736,000		8,009,992		10,745,992		(3,570,951	)		7,175,041		4,874,236
Vantage Hollywood	Los Angeles, CA		—	1987		298		42,580,326		56,014,674		1,203,271		42,580,326		57,217,945		99,798,271		(10,415,693	)		89,382,578		40,501,067
Versailles	Woodland Hills, CA		—	1991		253		12,650,000		33,656,292		7,510,844		12,650,000		41,167,136		53,817,136		(22,859,119	)		30,958,017		30,357,682
Vintage at 425 Broadway (fka Promenade)	Santa Monica, CA	G		1934/2001		60		9,000,000		13,961,523		1,763,696		9,000,000		15,725,219		24,725,219		(4,182,605	)		20,542,614	(I)
West 54th	New York, NY	G		2001		222		60,900,000		48,193,837		3,801,228		60,900,000		51,995,065		112,895,065		(14,869,327	)		98,025,738		48,175,896
Westgate (fka Westgate I)	Pasadena, CA		—	2010		480		22,898,848		133,467,158		2,575,071		22,898,848		136,042,229		158,941,077		(37,281,584	)		121,659,493		96,386,296
Woodleaf	Campbell, CA		—	1984		178		8,550,600		16,988,183		5,181,298		8,550,600		22,169,481		30,720,081		(15,240,849	)		15,479,232		17,835,169
Portfolio/Entity Encumbrances (1)						—		—		—		—		—		—		—		—			—		797,768,476
Wholly Owned Encumbered						12,140		932,672,559		2,860,557,660		229,886,950		932,672,559		3,090,444,610		4,023,117,169		(1,039,436,780	)		2,983,680,389		2,081,887,149
Partially Owned Unencumbered:
2300 Elliott	Seattle, WA	G		1992		92		796,800		7,173,725		6,928,668		796,800		14,102,393		14,899,193		(11,358,634	)		3,540,559		—
Canyon Ridge	San Diego, CA		—	1989		162		4,869,448		11,955,064		4,016,206		4,869,448		15,971,270		20,840,718		(11,185,103	)		9,655,615		—
Country Oaks	Agoura Hills, CA		—	1985		256		6,105,000		29,561,865		6,941,477		6,105,000		36,503,342		42,608,342		(21,079,355	)		21,528,987		—
Harrison Square (fka Elliot Bay)	Seattle, WA	G		1992		166		7,600,000		35,844,345		5,487,099		7,600,000		41,331,444		48,931,444		(11,150,395	)		37,781,049		—
Radius Koreatown	Los Angeles, CA		—	2014/2016		301		32,494,154		84,645,202		224,059		32,494,154		84,869,261		117,363,415		(8,194,532	)		109,168,883		—
Rosecliff	Quincy, MA		—	1990		156		5,460,000		15,721,570		3,822,519		5,460,000		19,544,089		25,004,089		(13,068,617	)		11,935,472		—
Strayhorse at Arrowhead Ranch	Glendale, AZ		—	1998		136		4,400,000		12,968,002		966,107		4,400,000		13,934,109		18,334,109		(6,624,197	)		11,709,912		—
Venn at Main	Bellevue, WA	G		2016		350		26,626,498		151,652,048		160,761		26,626,498		151,812,809		178,439,307		(10,307,620	)		168,131,687		—
Wood Creek II (fka Willow Brook (CA))	Pleasant Hill, CA		—	1985		228		5,055,000		38,388,672		6,854,946		5,055,000		45,243,618		50,298,618		(23,768,126	)		26,530,492		—
Partially Owned Unencumbered						1,847		93,406,900		387,910,493		35,401,842		93,406,900		423,312,335		516,719,235		(116,736,579	)		399,982,656		—
Partially Owned Encumbered:
Bellevue Meadows	Bellevue, WA		—	1983		180		4,507,100		12,574,814		5,634,209		4,507,100		18,209,023		22,716,123		(13,322,710	)		9,393,413		16,515,951
Canyon Creek (CA)	San Ramon, CA		—	1984		268		5,425,000		18,812,121		7,726,619		5,425,000		26,538,740		31,963,740		(17,263,363	)		14,700,377		28,150,731
Lantern Cove	Foster City, CA		—	1985		232		6,945,000		23,064,976		6,896,605		6,945,000		29,961,581		36,906,581		(18,556,525	)		18,350,056		36,425,025
Schooner Bay I	Foster City, CA		—	1985		168		5,345,000		20,390,618		5,636,468		5,345,000		26,027,086		31,372,086		(16,017,984	)		15,354,102		28,839,869
Schooner Bay II	Foster City, CA		—	1985		144		4,550,000		18,064,764		5,074,751		4,550,000		23,139,515		27,689,515		(14,268,541	)		13,420,974		26,144,881
Surrey Downs	Bellevue, WA		—	1986		122		3,057,100		7,848,618		3,347,614		3,057,100		11,196,232		14,253,332		(7,873,885	)		6,379,447		9,819,750
Virgil Square	Los Angeles, CA		—	1979		142		5,500,000		15,216,613		3,070,140		5,500,000		18,286,753		23,786,753		(9,309,905	)		14,476,848		9,885,805
Wisconsin Place	Chevy Chase, MD		—	2009		432		—		172,089,355		1,277,053		—		173,366,408		173,366,408		(43,009,588	)		130,356,820		147,801,323
Partially Owned Encumbered						1,688		35,329,200		288,061,879		38,663,459		35,329,200		326,725,338		362,054,538		(139,622,501	)		222,432,037		303,583,335
Total Consolidated Investment in Real Estate						78,537	$	5,962,270,046	$	18,856,959,041	$	1,691,792,587	$	5,962,270,046	$	20,548,751,628	$	26,511,021,674	$	(6,696,280,739	)	$	19,814,740,935	$	2,385,470,484

(1) See attached Encumbrances Reconciliation.

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2018

NOTES:

(A) The balance of furniture & fixtures included in the total investment in real estate amount was $1,722,231,029 as of December 31, 2018.

(B) The cost, net of accumulated depreciation, for Federal Income Tax purposes as of December 31, 2018 was approximately $14.0 billion (unaudited).

(C) The life to compute depreciation for building is 30 years, for building improvements ranges from 5 to 15 years, for furniture & fixtures, replacements and renovations is 5 to 10 years and for lease intangibles is the average remaining term of each respective lease.

(D) This asset consists of various acquisition dates and largely represents furniture, fixtures and equipment, leasehold improvements and computer equipment and software costs owned by the Management Business, which are generally depreciated over periods ranging from 3 to 7 years.

(E) Primarily represents capital expenditures for building improvements, replacements and renovations incurred subsequent to each property’s acquisition date.

(F) Primarily represents land and/or construction-in-progress on projects either held for future development or projects currently under development.

(G) A portion of these properties includes and/or will include retail/commercial space (including parking garages).

(H) Total properties and apartment units exclude two unconsolidated properties containing 945 apartment units.

(I) See Encumbrances Reconciliation schedule.

(J) Boot property for Bond Partnership mortgage pool.