Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

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, 2021

	Properties		Apartment Units		Investment in Real Estate, Gross		Accumulated Depreciation			Investment in Real Estate, Net		Encumbrances (1)
Wholly Owned Unencumbered		256		67,748	$	23,852,899,270	$	(7,039,743,046	)	$	16,813,156,224	$	—
Wholly Owned Encumbered		38		9,113		3,414,236,833		(1,014,105,838	)		2,400,130,995		1,959,052,708
Wholly Owned Properties		294		76,861		27,267,136,103		(8,053,848,884	)		19,213,287,219		1,959,052,708
Partially Owned Unencumbered		13		2,646		661,445,674		(217,880,998	)		443,564,676		—
Partially Owned Encumbered		3		900		344,324,608		(82,552,319	)		261,772,289		232,148,309
Partially Owned Properties		16		3,546		1,005,770,282		(300,433,317	)		705,336,965		232,148,309
Total Unencumbered Properties		269		70,394		24,514,344,944		(7,257,624,044	)		17,256,720,900		—
Total Encumbered Properties		41		10,013		3,758,561,441		(1,096,658,157	)		2,661,903,284		2,191,201,017
Total Consolidated Investment in Real Estate		310		80,407	$	28,272,906,385	$	(8,354,282,201	)	$	19,918,624,184	$	2,191,201,017

(1) See attached Encumbrances Reconciliation.

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ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

Encumbrances Reconciliation

December 31, 2021

Portfolio/Entity Encumbrances	Number of Properties Encumbered by		See Properties With Note:	Amount
Archstone Master Property Holdings LLC (1)		12	H	$	799,153,560
Portfolio/Entity Encumbrances		12			799,153,560
Individual Property Encumbrances					1,392,047,457
Total Encumbrances per Financial Statements				$	2,191,201,017

(1) Collateral also includes a $60.0 million temporary letter of credit at December 31, 2021 pending the completion of a collateral substitution.

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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, 2021, 2020 and 2019 are as follows:

	2021			2020			2019
Balance, beginning of year	$	27,203,325		$	27,533,607		$	26,511,022
Acquisitions and development		1,912,579			298,847			1,704,320
Improvements		152,715			154,433			180,944
Dispositions and other		(995,713	)		(783,562	)		(862,679	)
Balance, end of year	$	28,272,906		$	27,203,325		$	27,533,607

The changes in accumulated depreciation for the years ended December 31, 2021, 2020 and 2019 are as follows:

	2021			2020			2019
Balance, beginning of year	$	7,859,657		$	7,276,786		$	6,696,281
Depreciation		838,272			820,832			831,083
Dispositions and other		(343,647	)		(237,961	)		(250,578	)
Balance, end of year	$	8,354,282		$	7,859,657		$	7,276,786

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/21
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/21		Encumbrances
Wholly Owned Unencumbered:
100 K Apartments (fka 100K Street)	Washington, D.C.		—	2018		222	$	15,600,000	$	70,296,069	$	80,503	$	15,600,000	$	70,376,572	$	85,976,572	$	(9,006,912	)	$	76,969,660	$	—
140 Riverside Boulevard	New York, NY	G		2003		354		103,539,100		94,082,725		11,259,577		103,539,100		105,342,302		208,881,402		(60,169,233	)		148,712,169		—
160 Riverside Boulevard	New York, NY	G		2001		455		139,933,500		190,964,745		18,648,569		139,933,500		209,613,314		349,546,814		(119,792,673	)		229,754,141		—
170 Amsterdam	New York, NY	G		2015		236		—		112,096,955		758,783		—		112,855,738		112,855,738		(29,560,885	)		83,294,853		—
175 Kent	Brooklyn, NY	G		2011		113		22,037,831		53,962,169		2,645,841		22,037,831		56,608,010		78,645,841		(22,155,198	)		56,490,643		—
180 Montague (fka Brooklyn Heights)	Brooklyn, NY	G		2000		193		32,400,000		92,675,228		5,658,812		32,400,000		98,334,040		130,734,040		(34,293,888	)		96,440,152		—
180 Riverside Boulevard	New York, NY	G		1998		516		144,968,250		138,346,681		19,787,240		144,968,250		158,133,921		303,102,171		(89,675,680	)		213,426,491		—
1210 Mass	Washington, D.C.	G		2004		144		9,213,512		36,559,189		4,143,076		9,213,512		40,702,265		49,915,777		(23,095,902	)		26,819,875		—
1401 Joyce on Pentagon Row	Arlington, VA		—	2004		326		9,780,000		89,668,165		5,800,708		9,780,000		95,468,873		105,248,873		(44,718,792	)		60,530,081		—
1500 Mass Ave	Washington, D.C.	G		1951		556		54,638,298		40,361,702		17,093,200		54,638,298		57,454,902		112,093,200		(33,979,290	)		78,113,910		—
1800 Oak (fka Rosslyn)	Arlington, VA	G		2003		314		31,400,000		109,005,734		10,759,712		31,400,000		119,765,446		151,165,446		(42,105,522	)		109,059,924		—
2201 Pershing Drive	Arlington, VA	G		2012		188		11,321,198		49,674,175		3,031,770		11,321,198		52,705,945		64,027,143		(19,161,188	)		44,865,955		—
2201 Wilson	Arlington, VA	G		2000		219		21,900,000		78,724,663		6,665,866		21,900,000		85,390,529		107,290,529		(29,690,417	)		77,600,112		—
2400 M St	Washington, D.C.	G		2006		359		30,006,593		114,013,785		4,972,552		30,006,593		118,986,337		148,992,930		(65,723,407	)		83,269,523		—
315 on A	Boston, MA	G		2013		202		14,450,070		115,824,930		1,553,517		14,450,070		117,378,447		131,828,517		(31,402,367	)		100,426,150		—
340 Fremont (fka Rincon Hill)	San Francisco, CA		—	2016		348		42,000,000		248,607,902		501,737		42,000,000		249,109,639		291,109,639		(52,713,886	)		238,395,753		—
341 Nevins	Brooklyn, NY		—	(F)		—		3,621,717		299,143		—		3,621,717		299,143		3,920,860		—			3,920,860		—
3003 Van Ness (fka Van Ness)	Washington, D.C.		—	1970		625		56,300,000		141,191,580		9,574,525		56,300,000		150,766,105		207,066,105		(54,530,411	)		152,535,694		—
425 Mass	Washington, D.C.	G		2009		559		28,150,000		138,600,000		6,876,074		28,150,000		145,476,074		173,626,074		(63,089,507	)		110,536,567		—
455 Eye Street	Washington, D.C.	G		2017		174		11,941,407		61,418,689		133,247		11,941,407		61,551,936		73,493,343		(10,963,269	)		62,530,074		—
4th and Hill	Los Angeles, CA		—	(F)		—		13,131,456		1,868,544		—		13,131,456		1,868,544		15,000,000		—			15,000,000		—
55 West Fifth I & II (fka Townhouse Plaza and Gardens)	San Mateo, CA		—	1964/1972		241		21,041,710		71,931,323		15,165,469		21,041,710		87,096,792		108,138,502		(36,196,476	)		71,942,026		—
600 Washington	New York, NY	G		2004		135		32,852,000		43,140,551		3,632,257		32,852,000		46,772,808		79,624,808		(25,544,371	)		54,080,437		—
660 Washington (fka Boston Common)	Boston, MA	G		2006		420		106,100,000		166,311,679		11,878,053		106,100,000		178,189,732		284,289,732		(59,198,371	)		225,091,361		—
70 Greene	Jersey City, NJ	G		2010		480		28,108,899		236,763,553		4,657,362		28,108,899		241,420,915		269,529,814		(98,364,599	)		171,165,215		—
71 Broadway	New York, NY	G		1997		238		22,611,600		77,492,171		20,626,142		22,611,600		98,118,313		120,729,913		(59,615,389	)		61,114,524		—
77 Bluxome	San Francisco, CA		—	2007		102		5,249,124		18,609,876		604,943		5,249,124		19,214,819		24,463,943		(7,624,709	)		16,839,234		—
77 Park Avenue (fka Hoboken)	Hoboken, NJ	G		2000		301		27,900,000		168,992,440		10,369,855		27,900,000		179,362,295		207,262,295		(60,865,749	)		146,396,546		—
777 Sixth	New York, NY	G		2002		294		65,352,706		65,747,294		6,035,138		65,352,706		71,782,432		137,135,138		(35,483,508	)		101,651,630		—
88 Hillside	Daly City, CA	G		2011		95		7,786,800		31,587,325		3,723,049		7,786,800		35,310,374		43,097,174		(14,208,098	)		28,889,076		—
855 Brannan	San Francisco, CA	G		2018		449		41,363,921		282,738,324		420,418		41,363,921		283,158,742		324,522,663		(46,006,671	)		278,515,992		—
929 Mass (fka 929 House)	Cambridge, MA	G		1975		127		3,252,993		21,745,595		8,984,103		3,252,993		30,729,698		33,982,691		(22,259,777	)		11,722,914		—
Academy Village	North Hollywood, CA		—	1989		248		25,000,000		23,593,194		11,983,148		25,000,000		35,576,342		60,576,342		(22,857,050	)		37,719,292		—
Acappella	Pasadena, CA		—	2002		143		5,839,548		29,360,452		2,459,547		5,839,548		31,819,999		37,659,547		(14,549,362	)		23,110,185		—
Alban Towers	Washington, D.C.		—	1934		229		18,900,000		89,794,201		7,420,013		18,900,000		97,214,214		116,114,214		(33,052,284	)		83,061,930		—
Alborada	Fremont, CA		—	1999		442		24,310,000		59,214,129		9,938,962		24,310,000		69,153,091		93,463,091		(49,918,901	)		43,544,190		—
Alcott Apartments (fka West End Tower)	Boston, MA	G		2021		470		10,424,000		387,714,090		36,889		10,424,000		387,750,979		398,174,979		(2,677,353	)		395,497,626		—
Altitude (fka Village at Howard Hughes, The (Lots 1 & 2))	Los Angeles, CA		—	2016		545		43,783,485		150,234,305		678,439		43,783,485		150,912,744		194,696,229		(32,898,128	)		161,798,101		—
Alton, The (fka Millikan)	Irvine, CA		—	2017		344		11,049,027		96,523,928		322,646		11,049,027		96,846,574		107,895,601		(19,309,890	)		88,585,711		—
Arbor Terrace	Sunnyvale, CA		—	1979		175		9,057,300		18,483,642		12,379,831		9,057,300		30,863,473		39,920,773		(21,254,285	)		18,666,488		—
Arches, The	Sunnyvale, CA		—	1974		410		26,650,000		62,850,000		4,419,103		26,650,000		67,269,103		93,919,103		(29,273,217	)		64,645,886		—
Artisan on Second	Los Angeles, CA		—	2008		118		8,000,400		36,074,600		1,450,981		8,000,400		37,525,581		45,525,981		(15,416,946	)		30,109,035		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/21
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/21		Encumbrances
Artistry Emeryville (fka Emeryville)	Emeryville, CA		—	1994		267		12,300,000		61,466,267		8,257,635		12,300,000		69,723,902		82,023,902		(26,696,773	)		55,327,129		—
Atelier	Brooklyn, NY	G		2015		120		32,401,680		47,135,432		681,890		32,401,680		47,817,322		80,219,002		(12,033,060	)		68,185,942		—
Avenue Two	Redwood City, CA		—	1972		123		7,995,000		18,005,000		2,841,937		7,995,000		20,846,937		28,841,937		(9,223,132	)		19,618,805		—
Axis at Shady Grove	Rockville, MD		—	2016		366		14,745,774		90,503,831		376,262		14,745,774		90,880,093		105,625,867		(15,555,350	)		90,070,517		—
Azure (fka Mission Bay-Block 13)	San Francisco, CA		—	2015		273		32,855,115		153,566,841		893,636		32,855,115		154,460,477		187,315,592		(36,744,242	)		150,571,350		—
Bay Hill	Long Beach, CA		—	2002		160		7,600,000		27,437,239		4,499,065		7,600,000		31,936,304		39,536,304		(19,233,962	)		20,302,342		—
Beatrice, The	New York, NY		—	2010		302		114,351,405		165,648,595		3,092,110		114,351,405		168,740,705		283,092,110		(62,467,433	)		220,624,677		—
Bella Vista I, II, III Combined	Woodland Hills, CA		—	2003-2007		579		31,682,754		121,095,786		11,565,891		31,682,754		132,661,677		164,344,431		(73,507,308	)		90,837,123		—
Belle Arts Condominium Homes, LLC	Bellevue, WA		—	2000		1		63,158		236,157		2,098		63,158		238,255		301,413		(108,223	)		193,190		—
Belle Fontaine	Marina Del Rey, CA		—	2003		102		9,098,808		28,701,192		2,487,041		9,098,808		31,188,233		40,287,041		(12,139,945	)		28,147,096		—
Breakwater at Marina Del Rey	Marina Del Rey, CA		—	1964-1969		224		—		73,189,262		2,593,029		—		75,782,291		75,782,291		(27,700,597	)		48,081,694		—
Briarwood (CA)	Sunnyvale, CA		—	1985		192		9,991,500		22,247,278		4,532,523		9,991,500		26,779,801		36,771,301		(21,134,083	)		15,637,218		—
Brodie, The	Westminster, CO		—	2016		312		8,639,904		79,256,940		947,949		8,639,904		80,204,889		88,844,793		(12,775,088	)		76,069,705		—
Brooklyner, The (fka 111 Lawrence)	Brooklyn, NY	G		2010		490		40,099,922		221,438,631		5,655,023		40,099,922		227,093,654		267,193,576		(85,848,149	)		181,345,427		—
C on Pico	Los Angeles, CA		—	2014		94		17,125,766		28,074,234		661,321		17,125,766		28,735,555		45,861,321		(7,175,224	)		38,686,097		—
Carlyle Mill	Alexandria, VA		—	2002		317		10,000,000		51,367,913		9,986,014		10,000,000		61,353,927		71,353,927		(39,619,406	)		31,734,521		—
Carmel Terrace	San Diego, CA		—	1988-1989		384		2,288,300		20,596,281		13,182,734		2,288,300		33,779,015		36,067,315		(30,571,076	)		5,496,239		—
Cascade	Seattle, WA	G		2017		477		23,751,564		149,456,311		145,743		23,751,564		149,602,054		173,353,618		(26,437,276	)		146,916,342		—
Centennial (fka Centennial Court & Centennial Tower)	Seattle, WA	G		1991/2001		408		9,700,000		70,080,378		15,453,455		9,700,000		85,533,833		95,233,833		(51,055,366	)		44,178,467		—
Centre Club Combined	Ontario, CA		—	1994 & 2002		412		7,436,000		33,014,789		10,252,175		7,436,000		43,266,964		50,702,964		(30,268,211	)		20,434,753		—
Chelsea Square	Redmond, WA		—	1991		113		3,397,100		9,289,074		3,146,126		3,397,100		12,435,200		15,832,300		(9,742,785	)		6,089,515		—
Chloe on Madison (fka 1401 E. Madison)	Seattle, WA	G		2019		137		10,401,958		53,807,106		32,014		10,401,958		53,839,120		64,241,078		(4,838,864	)		59,402,214		—
Chloe on Union (fka Chloe)	Seattle, WA	G		2010		117		14,835,571		39,359,650		2,970,001		14,835,571		42,329,651		57,165,222		(8,287,738	)		48,877,484		—
Church Corner	Cambridge, MA	G		1987		85		5,220,000		16,744,643		3,484,815		5,220,000		20,229,458		25,449,458		(12,559,847	)		12,889,611		—
Circa Fitzsimons	Denver, CO		—	2020		280		9,241,400		86,070,796		319,011		9,241,400		86,389,807		95,631,207		(4,153,312	)		91,477,895		—
City Gate at Cupertino (fka Cupertino)	Cupertino, CA		—	1998		311		40,400,000		95,937,046		7,939,273		40,400,000		103,876,319		144,276,319		(37,159,709	)		107,116,610		—
City Square Bellevue (fka Bellevue)	Bellevue, WA	G		1998		191		15,100,000		41,876,257		4,017,150		15,100,000		45,893,407		60,993,407		(16,856,049	)		44,137,358		—
Clarendon, The	Arlington, VA	G		2005		292		30,400,340		103,824,660		2,937,604		30,400,340		106,762,264		137,162,604		(43,908,001	)		93,254,603		—
Cleo, The	Los Angeles, CA		—	1989		92		6,615,467		14,829,335		4,392,656		6,615,467		19,221,991		25,837,458		(10,957,338	)		14,880,120		—
Connecticut Heights	Washington, D.C.		—	1974		518		27,600,000		114,002,295		11,168,810		27,600,000		125,171,105		152,771,105		(43,749,160	)		109,021,945		—
Corcoran House at DuPont Circle (fka DuPont Circle)	Washington, D.C.	G		1961		138		13,500,000		26,913,113		4,679,308		13,500,000		31,592,421		45,092,421		(11,417,114	)		33,675,307		—
Courthouse Plaza	Arlington, VA	G		1990		396		—		87,386,024		7,944,020		—		95,330,044		95,330,044		(35,422,571	)		59,907,473		—
Creekside (San Mateo)	San Mateo, CA		—	1985		192		9,606,600		21,193,232		5,859,790		9,606,600		27,053,022		36,659,622		(21,045,859	)		15,613,763		—
Cronins Landing	Waltham, MA	G		1998		281		32,300,000		85,119,324		14,041,974		32,300,000		99,161,298		131,461,298		(35,545,036	)		95,916,262		—
Crystal Place	Arlington, VA		—	1986		181		17,200,000		47,918,975		4,182,311		17,200,000		52,101,286		69,301,286		(19,499,819	)		49,801,467		—
Dalton, The	Alexandria, VA	G		2018		270		22,947,777		95,334,754		144,951		22,947,777		95,479,705		118,427,482		(10,821,659	)		107,605,823		—
Deerwood (SD)	San Diego, CA		—	1990		316		2,082,095		18,739,815		17,201,750		2,082,095		35,941,565		38,023,660		(32,390,313	)		5,633,347		—
Del Mar Ridge	San Diego, CA		—	1998		181		7,801,824		36,948,176		4,673,335		7,801,824		41,621,511		49,423,335		(20,504,751	)		28,918,584		—
Eagle Canyon	Chino Hills, CA		—	1985		252		1,808,900		16,274,361		11,895,689		1,808,900		28,170,050		29,978,950		(23,146,239	)		6,832,711		—
Edge, The (fka 4885 Edgemoor Lane)	Bethesda, MD		—	2021		154		—		73,090,698		—		—		73,090,698		73,090,698		(1,337,668	)		71,753,030		—
Edgemont at Bethesda Metro	Bethesda, MD		—	1989		122		13,092,552		43,907,448		3,598,672		13,092,552		47,506,120		60,598,672		(18,431,823	)		42,166,849		—
Emerson Place	Boston, MA	G		1962		444		14,855,000		57,566,636		37,319,848		14,855,000		94,886,484		109,741,484		(72,262,761	)		37,478,723		—
Encore at Sherman Oaks, The	Sherman Oaks, CA		—	1988		174		8,700,000		25,446,003		4,699,461		8,700,000		30,145,464		38,845,464		(13,117,331	)		25,728,133		—
Eviva on Cherokee	Denver, CO		—	2017		274		10,507,626		100,037,204		928,435		10,507,626		100,965,639		111,473,265		(14,488,506	)		96,984,759		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/21
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/21		Encumbrances
Flora	Austin, TX		—	2019		194		5,733,088		32,341,897		33,274		5,733,088		32,375,171		38,108,259		(2,351,033	)		35,757,226		—
Fremont Center	Fremont, CA	G		2002		322		25,800,000		78,753,114		5,432,484		25,800,000		84,185,598		109,985,598		(30,713,571	)		79,272,027		—
Gaithersburg Station	Gaithersburg, MD	G		2013		400		17,500,000		74,678,917		4,910,339		17,500,000		79,589,256		97,089,256		(26,550,891	)		70,538,365		—
Gateway at Malden Center	Malden, MA	G		1988		203		9,209,780		25,722,666		18,179,307		9,209,780		43,901,973		53,111,753		(30,509,820	)		22,601,933		—
Geary Court Yard	San Francisco, CA		—	1990		165		1,722,400		15,471,429		6,418,695		1,722,400		21,890,124		23,612,524		(17,437,666	)		6,174,858		—
Girard	Boston, MA	G		2016		160		—		102,450,328		987,940		—		103,438,268		103,438,268		(18,672,977	)		84,765,291		—
Hampshire Place	Los Angeles, CA		—	1989		259		10,806,000		30,335,330		9,226,550		10,806,000		39,561,880		50,367,880		(23,198,296	)		27,169,584		—
Harbor Steps	Seattle, WA	G		2000		761		59,403,601		158,829,432		44,513,593		59,403,601		203,343,025		262,746,626		(114,985,651	)		147,760,975		—
Hathaway	Long Beach, CA		—	1987		385		2,512,500		22,611,912		15,153,674		2,512,500		37,765,586		40,278,086		(30,134,333	)		10,143,753		—
Helios (fka 2nd+Pine)	Seattle, WA	G		2017		398		18,061,674		206,766,901		312,408		18,061,674		207,079,309		225,140,983		(36,567,089	)		188,573,894		—
Heritage at Stone Ridge	Burlington, MA		—	2005		180		10,800,000		31,808,335		3,752,471		10,800,000		35,560,806		46,360,806		(20,282,031	)		26,078,775		—
Heritage Ridge	Lynwood, WA		—	1999		197		6,895,000		18,983,597		4,870,503		6,895,000		23,854,100		30,749,100		(13,956,897	)		16,792,203		—
Hesby	North Hollywood, CA		—	2013		308		23,299,892		102,700,108		2,729,069		23,299,892		105,429,177		128,729,069		(32,170,802	)		96,558,267		—
Highlands at South Plainfield	South Plainfield, NJ		—	2000		252		10,080,000		37,526,912		3,230,733		10,080,000		40,757,645		50,837,645		(23,217,224	)		27,620,421		—
Hikari	Los Angeles, CA	G		2007		128		9,435,760		32,564,240		1,453,552		9,435,760		34,017,792		43,453,552		(13,835,502	)		29,618,050		—
Hudson Crossing	New York, NY	G		2003		259		23,420,000		69,977,699		3,571,165		23,420,000		73,548,864		96,968,864		(43,605,553	)		53,363,311		—
Hudson Pointe	Jersey City, NJ		—	2003		182		5,350,000		41,114,074		8,229,014		5,350,000		49,343,088		54,693,088		(30,026,653	)		24,666,435		—
Huxley, The	Redwood City, CA		—	2018		137		18,775,028		89,336,651		105,265		18,775,028		89,441,916		108,216,944		(10,326,938	)		97,890,006		—
Indie Deep Ellum	Dallas, TX	G		2020		231		12,253,503		63,844,734		35,414		12,253,503		63,880,148		76,133,651		(2,577,427	)		73,556,224		—
Ivory Wood	Bothell, WA		—	2000		144		2,732,800		13,888,282		2,742,943		2,732,800		16,631,225		19,364,025		(9,766,422	)		9,597,603		—
Jia (fka Chinatown Gateway)	Los Angeles, CA	G		2014		280		14,791,831		78,286,423		1,142,453		14,791,831		79,428,876		94,220,707		(27,653,136	)		66,567,571		—
Junction 47 (fka West Seattle)	Seattle, WA	G		2015		206		11,726,305		56,584,312		376,513		11,726,305		56,960,825		68,687,130		(14,552,334	)		54,134,796		—
Juniper Sandy Springs	Sandy Springs, GA		—	2017		230		8,668,700		64,965,193		17,829		8,668,700		64,983,022		73,651,722		(622,903	)		73,028,819		—
Kelvin, The (fka Modera)	Irvine, CA		—	2015		194		15,521,552		64,853,448		908,796		15,521,552		65,762,244		81,283,796		(17,678,084	)		63,605,712		—
Kilby	Frisco, TX		—	2020		258		6,431,940		64,175,461		19,960		6,431,940		64,195,421		70,627,361		(3,264,959	)		67,362,402		—
Laguna Clara	Santa Clara, CA		—	1972		264		13,642,420		28,684,902		9,733,754		13,642,420		38,418,656		52,061,076		(22,548,251	)		29,512,825		—
Laguna Clara II	Santa Clara, CA		—	(F)		—		—		4,399,463		—		—		4,399,463		4,399,463		—			4,399,463		—
Landings at Port Imperial	W. New York, NJ		—	1999		276		27,246,045		37,741,050		16,597,064		27,246,045		54,338,114		81,584,159		(37,633,786	)		43,950,373		—
Lane	Seattle, WA	G		2019		217		13,142,946		71,939,706		125,613		13,142,946		72,065,319		85,208,265		(7,428,489	)		77,779,776		—
Lex, The	San Jose, CA		—	2017		387		21,817,512		158,778,598		664,071		21,817,512		159,442,669		181,260,181		(21,065,903	)		160,194,278		—
Liberty Park	Braintree, MA		—	2000		202		5,977,504		26,749,111		8,235,368		5,977,504		34,984,479		40,961,983		(22,906,485	)		18,055,498		—
Liberty Tower	Arlington, VA	G		2008		235		16,382,822		83,817,078		6,030,560		16,382,822		89,847,638		106,230,460		(38,101,851	)		68,128,609		—
Lincoln Heights	Quincy, MA		—	1991		336		5,928,400		33,595,262		16,212,156		5,928,400		49,807,418		55,735,818		(41,040,115	)		14,695,703		—
Lofts at Kendall Square (fka Kendall Square)	Cambridge, MA		—	1998		186		18,696,674		78,445,657		7,812,849		18,696,674		86,258,506		104,955,180		(31,085,417	)		73,869,763		—
Lofts at Kendall Square ll (fka 249 Third Street)	Cambridge, MA	G		2019		84		4,603,326		44,012,266		33,164		4,603,326		44,045,430		48,648,756		(3,879,191	)		44,769,565		—
Longacre House	New York, NY	G		2000		293		73,170,045		53,962,510		6,230,046		73,170,045		60,192,556		133,362,601		(30,329,437	)		103,033,164		—
Longfellow Place	Boston, MA	G		1975		710		38,264,917		132,175,915		94,971,924		38,264,917		227,147,839		265,412,756		(173,153,336	)		92,259,420		—
Luna Upper Westside	Atlanta, GA		—	2020		345		14,847,420		108,292,639		21,884		14,847,420		108,314,523		123,161,943		(3,339,114	)		119,822,829		—
Madox	Jersey City, NJ	G		2013		131		9,679,635		64,594,205		1,254,672		9,679,635		65,848,877		75,528,512		(10,085,214	)		65,443,298		—
Mantena	New York, NY	G		2012		98		22,346,513		61,501,158		1,761,788		22,346,513		63,262,946		85,609,459		(22,271,078	)		63,338,381		—
Marina 41 (fka Marina Del Rey)	Marina Del Rey, CA		—	1973		623		—		168,842,442		10,015,523		—		178,857,965		178,857,965		(65,825,369	)		113,032,596		—
Mariposa at Playa Del Rey (fka Playa Del Rey)	Playa Del Rey, CA		—	2004		354		60,900,000		89,311,482		7,365,735		60,900,000		96,677,217		157,577,217		(35,254,658	)		122,322,559		—
Mark on 8th	Seattle, WA	G		2016		174		23,004,387		51,116,647		342,085		23,004,387		51,458,732		74,463,119		(9,185,494	)		65,277,625		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/21
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/21		Encumbrances
Market Street Village	San Diego, CA		—	2006		229		13,740,000		40,757,301		2,797,175		13,740,000		43,554,476		57,294,476		(24,031,830	)		33,262,646		—
Marlowe (fka Oakwood Crystal City)	Arlington, VA		—	1987		162		15,400,000		35,474,336		4,757,690		15,400,000		40,232,026		55,632,026		(14,954,232	)		40,677,794		—
Milano Lofts	Los Angeles, CA	G		1925/2006		99		8,125,216		27,378,784		4,530,389		8,125,216		31,909,173		40,034,389		(11,851,749	)		28,182,640		—
Mill Creek	Milpitas, CA		—	1991		516		12,858,693		57,168,503		18,798,964		12,858,693		75,967,467		88,826,160		(46,782,863	)		42,043,297		—
Milo	Denver, CO		—	2020		319		15,957,975		153,099,656		—		15,957,975		153,099,656		169,057,631		—			169,057,631		—
Mosaic at Metro	Hyattsville, MD		—	2008		260		—		59,580,898		1,837,346		—		61,418,244		61,418,244		(27,876,865	)		33,541,379		—
Mountain View Redevelopment	Mountain View, CA		—	(F)		—		—		2,166,909		—		—		2,166,909		2,166,909		—			2,166,909		—
Mozaic at Union Station	Los Angeles, CA		—	2007		272		8,500,000		52,529,446		2,930,062		8,500,000		55,459,508		63,959,508		(29,803,888	)		34,155,620		—
Murray Hill Tower (fka Murray Hill)	New York, NY	G		1974		270		75,800,000		102,705,401		13,129,682		75,800,000		115,835,083		191,635,083		(43,363,080	)		148,272,003		—
Next on Sixth	Los Angeles, CA	G		2017		398		52,509,906		136,635,650		605,836		52,509,906		137,241,486		189,751,392		(18,715,038	)		171,036,354		—
North Pier at Harborside	Jersey City, NJ		—	2003		297		4,000,159		94,290,590		10,474,470		4,000,159		104,765,060		108,765,219		(61,029,617	)		47,735,602		—
Northglen	Valencia, CA		—	1988		234		9,360,000		20,778,553		7,516,774		9,360,000		28,295,327		37,655,327		(19,023,647	)		18,631,680		—
Northpark	Burlingame, CA		—	1972		510		38,607,000		77,472,217		16,819,921		38,607,000		94,292,138		132,899,138		(47,487,541	)		85,411,597		—
Oak Park Combined	Agoura Hills, CA		—	1989 & 1990		444		3,390,700		30,517,274		12,111,379		3,390,700		42,628,653		46,019,353		(36,862,704	)		9,156,649		—
Oaks	Santa Clarita, CA		—	2000		520		23,400,000		61,020,438		10,122,280		23,400,000		71,142,718		94,542,718		(44,090,629	)		50,452,089		—
Ocean Crest	Solana Beach, CA		—	1986		146		5,111,200		11,910,438		5,268,993		5,111,200		17,179,431		22,290,631		(13,263,918	)		9,026,713		—
Odin (fka Tallman)	Seattle, WA		—	2015		301		16,807,519		64,519,515		170,392		16,807,519		64,689,907		81,497,426		(16,311,212	)		65,186,214		—
Olivian at the Realm	Lewisville, TX		—	2021		421		14,854,564		109,261,221		—		14,854,564		109,261,221		124,115,785		—			124,115,785		—
One Henry Adams	San Francisco, CA	G		2016		241		30,224,393		139,604,146		242,340		30,224,393		139,846,486		170,070,879		(28,006,849	)		142,064,030		—
One India Street (fka Oakwood Boston)	Boston, MA	G		1901		94		22,200,000		28,672,979		7,088,089		22,200,000		35,761,068		57,961,068		(13,161,555	)		44,799,513		—
Osprey	Atlanta, GA	G		2020		320		18,121,932		116,942,248		9,397		18,121,932		116,951,645		135,073,577		(4,243,648	)		130,829,929		—
Pacific Place	Los Angeles, CA		—	2008		430		32,250,000		110,750,000		2,377,323		32,250,000		113,127,323		145,377,323		(38,719,361	)		106,657,962		—
Packard Building	Seattle, WA	G		2010		61		5,911,041		19,954,959		1,289,877		5,911,041		21,244,836		27,155,877		(5,677,314	)		21,478,563		—
Parc 77	New York, NY	G		1903		137		40,504,000		18,025,679		7,360,941		40,504,000		25,386,620		65,890,620		(15,823,387	)		50,067,233		—
Parc Cameron	New York, NY	G		1927		166		37,600,000		9,855,597		7,969,567		37,600,000		17,825,164		55,425,164		(12,804,109	)		42,621,055		—
Parc Coliseum	New York, NY	G		1910		177		52,654,000		23,045,751		10,151,472		52,654,000		33,197,223		85,851,223		(21,315,552	)		64,535,671		—
Parc East Towers	New York, NY	G		1977		324		102,163,000		108,989,402		13,975,990		102,163,000		122,965,392		225,128,392		(65,431,630	)		159,696,762		—
Parc on Powell (fka Parkside at Emeryville)	Emeryville, CA	G		2015		173		16,667,059		65,468,571		894,344		16,667,059		66,362,915		83,029,974		(17,329,432	)		65,700,542		—
Park Connecticut	Washington, D.C.		—	2000		142		13,700,000		59,087,519		2,901,025		13,700,000		61,988,544		75,688,544		(20,895,182	)		54,793,362		—
Park West (CA)	Los Angeles, CA		—	1987/1990		444		3,033,500		27,302,383		13,432,822		3,033,500		40,735,205		43,768,705		(34,282,511	)		9,486,194		—
Parkside	Union City, CA		—	1979		208		6,246,700		11,827,453		8,549,823		6,246,700		20,377,276		26,623,976		(15,097,028	)		11,526,948		—
Pearl, The (WA)	Seattle, WA	G		2008		80		6,972,585		26,527,415		1,256,823		6,972,585		27,784,238		34,756,823		(7,499,036	)		27,257,787		—
Pearl MDR (fka Oakwood Marina Del Rey)	Marina Del Rey, CA	G		1969		597		—		120,795,359		7,187,274		—		127,982,633		127,982,633		(48,509,088	)		79,473,545		—
Pegasus	Los Angeles, CA	G		1949/2003		322		18,094,052		81,905,948		8,565,146		18,094,052		90,471,094		108,565,146		(38,970,462	)		69,594,684		—
Portofino	Chino Hills, CA		—	1989		176		3,572,400		14,660,994		4,142,052		3,572,400		18,803,046		22,375,446		(15,501,829	)		6,873,617		—
Portofino (Val)	Valencia, CA		—	1989		216		8,640,000		21,487,126		6,691,443		8,640,000		28,178,569		36,818,569		(19,742,885	)		17,075,684		—
Portside Towers	Jersey City, NJ	G		1992-1997		527		22,487,006		96,842,913		28,946,965		22,487,006		125,789,878		148,276,884		(98,609,366	)		49,667,518		—
Potrero 1010	San Francisco, CA	G		2016		453		40,830,011		181,924,463		1,453,552		40,830,011		183,378,015		224,208,026		(41,306,612	)		182,901,414		—
Prado (fka Glendale)	Glendale, CA		—	1988		264		—		67,977,313		6,891,346		—		74,868,659		74,868,659		(26,817,073	)		48,051,586		—
Prime, The	Arlington, VA		—	2002		281		34,625,000		77,879,740		6,109,136		34,625,000		83,988,876		118,613,876		(38,545,149	)		80,068,727		—
Prism at Park Avenue South (fka 400 Park Avenue South)	New York, NY	G		2015		269		76,292,169		171,771,886		247,225		76,292,169		172,019,111		248,311,280		(45,640,216	)		202,671,064		—
Promenade at Town Center I & II	Valencia, CA		—	2001		564		28,200,000		69,795,915		15,138,641		28,200,000		84,934,556		113,134,556		(50,812,260	)		62,322,296		—
Providence	Bothell, WA		—	2000		200		3,573,621		19,055,505		5,727,670		3,573,621		24,783,175		28,356,796		(14,191,409	)		14,165,387		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/21
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/21		Encumbrances
Quarry Hills	Quincy, MA		—	2006		316		26,900,000		84,411,162		5,214,690		26,900,000		89,625,852		116,525,852		(32,044,955	)		84,480,897		—
Radiant Fairfax Ridge	Fairfax, VA		—	2016		213		7,352,547		63,018,744		130,731		7,352,547		63,149,475		70,502,022		(3,775,097	)		66,726,925		—
Radius Uptown	Denver, CO		—	2017		372		13,644,960		121,899,084		1,896,784		13,644,960		123,795,868		137,440,828		(19,855,000	)		117,585,828		—
Red 160 (fka Redmond Way)	Redmond, WA	G		2011		250		15,546,376		65,320,010		1,795,106		15,546,376		67,115,116		82,661,492		(25,272,790	)		57,388,702		—
Redmond Court	Bellevue, WA		—	1977		206		10,300,000		33,488,745		3,730,013		10,300,000		37,218,758		47,518,758		(14,009,343	)		33,509,415		—
Regency Palms	Huntington Beach, CA		—	1969		310		1,857,400		16,713,254		8,707,710		1,857,400		25,420,964		27,278,364		(20,984,954	)		6,293,410		—
Reserve at Burlington, The	Burlington, MA		—	2019		270		20,250,000		114,475,523		101,854		20,250,000		114,577,377		134,827,377		(5,817,645	)		129,009,732		—
Reserve at Clarendon Centre, The	Arlington, VA	G		2003		252		10,500,000		52,812,935		5,327,794		10,500,000		58,140,729		68,640,729		(36,876,197	)		31,764,532		—
Reserve at Eisenhower, The	Alexandria, VA		—	2002		226		6,500,000		34,585,059		5,515,216		6,500,000		40,100,275		46,600,275		(25,376,674	)		21,223,601		—
Reserve at Empire Lakes	Rancho Cucamonga, CA		—	2005		467		16,345,000		73,080,670		8,210,962		16,345,000		81,291,632		97,636,632		(44,759,994	)		52,876,638		—
Reserve at Fairfax Corner	Fairfax, VA		—	2001		652		15,804,057		63,129,050		13,867,418		15,804,057		76,996,468		92,800,525		(50,742,107	)		42,058,418		—
Reserve at Mountain View (fka Mountain View)	Mountain View, CA		—	1965		180		27,000,000		33,029,605		8,523,900		27,000,000		41,553,505		68,553,505		(16,598,937	)		51,954,568		—
Reserve at Potomac Yard	Alexandria, VA		—	2002		588		11,918,917		68,862,641		19,250,823		11,918,917		88,113,464		100,032,381		(53,684,381	)		46,348,000		—
Reserve at Town Center I-III (WA)	Mill Creek, WA	G		2001, 2009, 2014		584		16,768,705		77,623,664		11,315,691		16,768,705		88,939,355		105,708,060		(43,366,666	)		62,341,394		—
Rianna I & II	Seattle, WA	G		2000/2002		156		4,430,000		29,298,096		1,975,735		4,430,000		31,273,831		35,703,831		(14,608,457	)		21,095,374		—
Ridgewood Village I&II	San Diego, CA		—	1997		408		11,809,500		34,004,048		7,140,439		11,809,500		41,144,487		52,953,987		(30,998,875	)		21,955,112		—
Riva Terra I (fka Redwood Shores)	Redwood City, CA		—	1986		304		34,963,355		84,587,658		8,421,032		34,963,355		93,008,690		127,972,045		(35,095,846	)		92,876,199		—
Riva Terra II (fka Harborside)	Redwood City, CA		—	1986		149		17,136,645		40,536,531		4,141,820		17,136,645		44,678,351		61,814,996		(15,663,545	)		46,151,451		—
Riverpark	Redmond, WA	G		2009		321		14,355,000		80,894,049		5,143,443		14,355,000		86,037,492		100,392,492		(33,609,905	)		66,782,587		—
Rivington, The	Hoboken, NJ		—	1999		240		34,340,640		112,112,152		4,260,470		34,340,640		116,372,622		150,713,262		(20,226,305	)		130,486,957		—
Rivington II, The	Hoboken, NJ		—	(F)		—		—		736,622		—		—		736,622		736,622		—			736,622		—
Rosecliff II	Quincy, MA		—	2005		130		4,922,840		30,202,160		2,042,877		4,922,840		32,245,037		37,167,877		(13,320,307	)		23,847,570		—
Sakura Crossing	Los Angeles, CA	G		2009		230		14,641,990		42,858,010		1,646,714		14,641,990		44,504,724		59,146,714		(19,007,871	)		40,138,843		—
Saxton	Seattle, WA	G		2019		325		38,805,400		128,652,023		474,368		38,805,400		129,126,391		167,931,791		(14,473,592	)		153,458,199		—
Seventh & James	Seattle, WA	G		1992		96		663,800		5,974,803		4,681,230		663,800		10,656,033		11,319,833		(8,984,088	)		2,335,745		—
Sheffield Court	Arlington, VA		—	1986		597		3,342,381		31,337,332		21,942,021		3,342,381		53,279,353		56,621,734		(43,912,782	)		12,708,952		—
Siena Terrace	Lake Forest, CA		—	1988		356		8,900,000		24,083,024		8,984,059		8,900,000		33,067,083		41,967,083		(25,390,768	)		16,576,315		—
Skycrest	Valencia, CA		—	1999		264		10,560,000		25,574,457		6,723,207		10,560,000		32,297,664		42,857,664		(22,365,804	)		20,491,860		—
Skyhouse South	Atlanta, GA	G		2014		320		14,182,277		101,913,422		158,435		14,182,277		102,071,857		116,254,134		(5,725,734	)		110,528,400		—
Skylark	Union City, CA		—	1986		174		1,781,600		16,731,916		5,805,074		1,781,600		22,536,990		24,318,590		(17,322,154	)		6,996,436		—
Skyview	Rancho Santa Margarita, CA		—	1999		260		3,380,000		21,952,863		6,350,413		3,380,000		28,303,276		31,683,276		(21,352,684	)		10,330,592		—
SoMa II	San Francisco, CA		—	(F)		—		29,406,606		5,919,806		—		29,406,606		5,919,806		35,326,412		—			35,326,412		—
Sonterra at Foothill Ranch	Foothill Ranch, CA		—	1997		300		7,503,400		24,048,507		6,366,303		7,503,400		30,414,810		37,918,210		(23,842,813	)		14,075,397		—
South City Station (fka South San Francisco)	San Francisco, CA	G		2007		368		68,900,000		79,476,861		7,779,557		68,900,000		87,256,418		156,156,418		(30,685,655	)		125,470,763		—
Southwood	Palo Alto, CA		—	1985		100		6,936,600		14,324,069		7,081,692		6,936,600		21,405,761		28,342,361		(15,883,455	)		12,458,906		—
Springline	Seattle, WA	G		2016		136		9,163,667		47,910,981		549,328		9,163,667		48,460,309		57,623,976		(9,997,909	)		47,626,067		—
Square One	Seattle, WA		—	2014		112		7,222,544		26,277,456		163,775		7,222,544		26,441,231		33,663,775		(8,120,956	)		25,542,819		—
STOA	Los Angeles, CA	G		2017		237		25,326,048		79,976,031		496,107		25,326,048		80,472,138		105,798,186		(11,336,753	)		94,461,433		—
Summerset Village	Chatsworth, CA		—	1985		280		2,890,450		23,670,889		9,118,095		2,890,450		32,788,984		35,679,434		(27,722,137	)		7,957,297		—
Ten23 (fka 500 West 23rd Street)	New York, NY	G		2011		111		—		58,881,873		1,671,777		—		60,553,650		60,553,650		(20,445,713	)		40,107,937		—
Terraces, The	San Francisco, CA	G		1975		117		14,087,610		16,314,151		2,658,613		14,087,610		18,972,764		33,060,374		(8,712,774	)		24,347,600		—
Theo	Denver, CO	G		2018		275		15,322,049		121,885,750		—		15,322,049		121,885,750		137,207,799		—			137,207,799		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021

Description								Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/21
Apartment Name	Location	Non-Residential Components		Date of Construction		Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/21		Encumbrances
Third Square	Cambridge, MA	G		2008/2009			471		26,767,171		218,822,728		9,976,614		26,767,171		228,799,342		255,566,513		(103,039,548	)		152,526,965		—
Three20	Seattle, WA	G		2013			134		7,030,766		29,005,762		1,019,864		7,030,766		30,025,626		37,056,392		(9,965,271	)		27,091,121		—
Toscana	Irvine, CA		—	1991/1993			563		39,410,000		50,806,072		26,804,440		39,410,000		77,610,512		117,020,512		(51,851,771	)		65,168,741		—
Town Square at Mark Center I&II	Alexandria, VA		—	1996			678		39,928,464		141,208,321		15,585,249		39,928,464		156,793,570		196,722,034		(82,156,391	)		114,565,643		—
Troy Boston	Boston, MA	G		2015			378		34,641,051		181,607,331		2,570,737		34,641,051		184,178,068		218,819,119		(31,608,549	)		187,210,570		—
Urbana (fka Market Street Landing)	Seattle, WA	G		2014			289		12,542,418		75,800,090		3,025,940		12,542,418		78,826,030		91,368,448		(25,974,224	)		65,394,224		—
Uwajimaya Village	Seattle, WA		—	2002			176		8,800,000		22,188,288		6,003,692		8,800,000		28,191,980		36,991,980		(15,062,661	)		21,929,319		—
Veloce	Redmond, WA	G		2009			322		15,322,724		76,176,594		2,403,261		15,322,724		78,579,855		93,902,579		(28,242,511	)		65,660,068		—
Venue at the Promenade	Castle Rock, CO		—	2017			312		8,355,048		83,752,689		343,056		8,355,048		84,095,745		92,450,793		(11,195,864	)		81,254,929		—
Verde Condominium Homes (fka Mission Verde, LLC)	San Jose, CA		—	1986			108		5,190,700		9,679,109		4,846,760		5,190,700		14,525,869		19,716,569		(11,767,298	)		7,949,271		—
Veridian (fka Silver Spring)	Silver Spring, MD	G		2009			457		18,539,817		130,407,365		4,769,828		18,539,817		135,177,193		153,717,010		(58,024,618	)		95,692,392		—
Versailles	Woodland Hills, CA		—	1991			253		12,650,000		33,656,292		8,731,475		12,650,000		42,387,767		55,037,767		(27,656,992	)		27,380,775		—
Versailles (K-Town)	Los Angeles, CA		—	2008			225		10,590,975		44,409,025		1,985,889		10,590,975		46,394,914		56,985,889		(21,643,771	)		35,342,118		—
Victor on Venice	Los Angeles, CA	G		2006			115		10,350,000		35,433,437		2,802,294		10,350,000		38,235,731		48,585,731		(19,744,025	)		28,841,706		—
Villa Solana	Laguna Hills, CA		—	1984			272		1,665,100		14,985,677		13,409,554		1,665,100		28,395,231		30,060,331		(24,244,498	)		5,815,833		—
Village at Del Mar Heights, The (fka Del Mar Heights)	San Diego, CA		—	1986			168		15,100,000		40,859,396		3,812,705		15,100,000		44,672,101		59,772,101		(16,691,542	)		43,080,559		—
Virginia Square	Arlington, VA	G		2002			231		—		85,940,003		6,245,382		—		92,185,385		92,185,385		(33,233,676	)		58,951,709		—
Vista 99 (fka Tasman)	San Jose, CA		—	2016			554		27,709,329		177,556,948		1,080,962		27,709,329		178,637,910		206,347,239		(41,109,307	)		165,237,932		—
Vista Del Lago	Mission Viejo, CA		—	1986-1988			608		4,525,800		40,736,293		21,903,738		4,525,800		62,640,031		67,165,831		(55,190,613	)		11,975,218		—
Walden Park	Cambridge, MA		—	1966			232		12,448,888		52,044,448		5,341,555		12,448,888		57,386,003		69,834,891		(25,275,403	)		44,559,488		—
Water Park Towers	Arlington, VA		—	1989			362		34,400,000		108,485,859		12,902,949		34,400,000		121,388,808		155,788,808		(44,465,434	)		111,323,374		—
Watertown Square	Watertown, MA	G		2005			134		16,800,000		34,074,056		2,350,073		16,800,000		36,424,129		53,224,129		(12,910,211	)		40,313,918		—
Weaver, The	Austin, TX	G		2020			250		25,405,232		69,462,470		—		25,405,232		69,462,470		94,867,702		—			94,867,702		—
West 96th	New York, NY	G		1987			207		84,800,000		67,055,501		7,730,725		84,800,000		74,786,226		159,586,226		(28,904,295	)		130,681,931		—
West End Apartments (fka Emerson Place/CRP II)	Boston, MA	G		2008			310		469,546		163,123,022		5,795,801		469,546		168,918,823		169,388,369		(79,030,892	)		90,357,477		—
Westchester at Rockville	Rockville, MD		—	2009			192		10,600,000		44,135,207		1,445,723		10,600,000		45,580,930		56,180,930		(15,808,954	)		40,371,976		—
Westerly	Dallas, TX	G		2021			331		11,958,829		79,131,722		—		11,958,829		79,131,722		91,090,551		(1,663,331	)		89,427,220		—
Westmont	New York, NY	G		1986			163		64,900,000		61,143,259		7,045,674		64,900,000		68,188,933		133,088,933		(24,572,551	)		108,516,382		—
Westside	Los Angeles, CA		—	2004			204		34,200,000		56,962,630		3,519,987		34,200,000		60,482,617		94,682,617		(21,371,770	)		73,310,847		—
Westside Barrington (fka Westside Villas III)	Los Angeles, CA		—	1999			36		3,060,000		5,538,871		1,215,009		3,060,000		6,753,880		9,813,880		(4,739,695	)		5,074,185		—
Westside Barry (Westside Villas VI)	Los Angeles, CA		—	1989			18		1,530,000		3,023,523		788,195		1,530,000		3,811,718		5,341,718		(2,659,355	)		2,682,363		—
Westside Beloit (fka Westside Villas I)	Los Angeles, CA		—	1999			21		1,785,000		3,233,254		828,098		1,785,000		4,061,352		5,846,352		(2,875,530	)		2,970,822		—
Westside Bundy (fka Westside Villas II)	Los Angeles, CA		—	1999			23		1,955,000		3,541,435		819,978		1,955,000		4,361,413		6,316,413		(3,052,276	)		3,264,137		—
Westside Butler (fka Westside Villas IV)	Los Angeles, CA		—	1999			36		3,060,000		5,539,390		1,250,519		3,060,000		6,789,909		9,849,909		(4,771,162	)		5,078,747		—
Westside Villas (fka Westside Villas V &VII)	Los Angeles, CA		—	1999 & 2001			113		9,605,000		19,983,385		3,074,521		9,605,000		23,057,906		32,662,906		(15,896,472	)		16,766,434		—
Windridge (CA)	Laguna Niguel, CA		—	1989			344		2,662,900		23,985,497		13,392,574		2,662,900		37,378,071		40,040,971		(32,468,218	)		7,572,753		—
Woodleaf	Campbell, CA		—	1984			178		8,550,600		16,988,182		7,239,245		8,550,600		24,227,427		32,778,027		(18,367,471	)		14,410,556		—
Zephyr on the Park	Redmond, WA	G		2021			193		15,637,106		89,960,836		47,523		15,637,106		90,008,359		105,645,465		(3,050,772	)		102,594,693		—
Management Business	Chicago, IL		—	(D)			—		—		—		139,672,539		—		139,672,539		139,672,539		(108,884,370	)		30,788,169		—
Operating Partnership	Chicago, IL		—	(F)			—		—		1,447,587		—		—		1,447,587		1,447,587		—			1,447,587		—
Other	N/A		—		—		—		—		—		109,837		—		109,837		109,837		(85,278	)		24,559		—
Wholly Owned Unencumbered							67,748		4,942,884,454		17,209,707,547		1,700,307,269		4,942,884,454		18,910,014,816		23,852,899,270		(7,039,743,046	)		16,813,156,224		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/21
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/21		Encumbrances
Wholly Owned Encumbered:
1111 Belle Pre (fka The Madison)	Alexandria, VA	G		2014		360		18,937,702		94,758,679		817,533		18,937,702		95,576,212		114,513,914		(31,780,060	)		82,733,854		86,298,662
2501 Porter	Washington, D.C.		—	1988		202		13,000,000		75,271,179		7,260,524		13,000,000		82,531,703		95,531,703		(30,707,382	)		64,824,321	(H)
300 East 39th (fka East 39th)	New York, NY	G		2001		254		48,900,000		96,174,639		6,988,547		48,900,000		103,163,186		152,063,186		(36,436,305	)		115,626,881		63,205,738
303 East 83rd (fka Camargue)	New York, NY	G		1976		261		79,400,000		79,122,624		12,346,139		79,400,000		91,468,763		170,868,763		(34,205,778	)		136,662,985	(H)
425 Broadway	Santa Monica, CA	G		2001		101		12,600,000		34,394,772		3,952,205		12,600,000		38,346,977		50,946,977		(14,054,927	)		36,892,050	(H)
Alcyone	Seattle, WA	G		2004		162		11,379,497		49,360,503		1,913,197		11,379,497		51,273,700		62,653,197		(15,405,573	)		47,247,624		26,163,830
Artisan Square	Northridge, CA		—	2002		140		7,000,000		20,537,359		2,774,707		7,000,000		23,312,066		30,312,066		(14,819,685	)		15,492,381		35,626,749
Avanti	Anaheim, CA		—	1987		162		12,960,000		18,497,683		4,270,611		12,960,000		22,768,294		35,728,294		(13,049,192	)		22,679,102		28,044,297
Avenir Apartments	Boston, MA	G		2009		241		—		114,321,619		7,568,840		—		121,890,459		121,890,459		(41,528,064	)		80,362,395		81,652,924
Calvert Woodley	Washington, D.C.		—	1962		136		12,600,000		43,527,379		2,920,318		12,600,000		46,447,697		59,047,697		(16,564,329	)		42,483,368	(H)
City Pointe	Fullerton, CA	G		2004		183		6,863,792		36,476,208		4,386,136		6,863,792		40,862,344		47,726,136		(18,504,841	)		29,221,295		39,624,887
Cleveland House	Washington, D.C.		—	1953		214		18,300,000		66,392,414		7,599,298		18,300,000		73,991,712		92,291,712		(25,944,969	)		66,346,743	(H)
Elevé	Glendale, CA	G		2013		208		14,080,560		56,419,440		1,363,125		14,080,560		57,782,565		71,863,125		(18,219,994	)		53,643,131		38,397,494
Estancia at Santa Clara (fka Santa Clara)	Santa Clara, CA		—	2000		450		—		123,759,804		3,394,578		—		127,154,382		127,154,382		(45,289,007	)		81,865,375	(H)
Fairchase	Fairfax, VA		—	2007		392		23,500,000		87,722,321		2,216,170		23,500,000		89,938,491		113,438,491		(30,699,514	)		82,738,977	(H)
Flats at DuPont Circle	Washington, D.C.		—	1967		306		35,200,000		108,768,198		4,462,784		35,200,000		113,230,982		148,430,982		(37,753,595	)		110,677,387	(H)
Glo	Los Angeles, CA	G		2008		201		16,047,023		48,650,963		4,090,835		16,047,023		52,741,798		68,788,821		(21,760,967	)		47,027,854		32,704,395
Heights on Capitol Hill	Seattle, WA	G		2006		104		5,425,000		21,138,028		2,124,990		5,425,000		23,263,018		28,688,018		(12,467,148	)		16,220,870		22,586,660
Kelvin Court (fka Alta Pacific)	Irvine, CA		—	2008		132		10,752,145		34,846,856		1,083,930		10,752,145		35,930,786		46,682,931		(16,927,083	)		29,755,848		26,258,149
Kenwood Mews	Burbank, CA		—	1991		141		14,100,000		24,662,883		4,383,683		14,100,000		29,046,566		43,146,566		(17,007,785	)		26,138,781		37,626,316
La Terrazza at Colma Station	Colma, CA	G		2005		155		—		41,251,044		4,175,723		—		45,426,767		45,426,767		(23,081,823	)		22,344,944		25,029,507
Lindley Apartments	Encino, CA		—	2004		129		5,805,000		25,705,000		2,288,945		5,805,000		27,993,945		33,798,945		(12,248,777	)		21,550,168		28,042,734
Lofts 590	Arlington, VA		—	2005		212		20,100,000		67,909,023		1,125,639		20,100,000		69,034,662		89,134,662		(22,984,204	)		66,150,458		43,012,615
Longview Place	Waltham, MA		—	2004		348		20,880,000		90,255,509		13,702,122		20,880,000		103,957,631		124,837,631		(57,354,859	)		67,482,772		84,280,484
Metro on First	Seattle, WA	G		2002		102		8,540,000		12,209,981		2,804,678		8,540,000		15,014,659		23,554,659		(8,458,788	)		15,095,871		21,491,495
Moda	Seattle, WA	G		2009		251		12,649,228		36,842,012		2,379,781		12,649,228		39,221,793		51,871,021		(17,514,997	)		34,356,024	(I)
Montierra (CA)	San Diego, CA		—	1990		272		8,160,000		29,360,938		8,961,784		8,160,000		38,322,722		46,482,722		(28,873,699	)		17,609,023		61,025,383
Notch	Newcastle, WA		—	2020		158		5,463,324		43,490,989		85,422		5,463,324		43,576,411		49,039,735		(3,437,360	)		45,602,375	(H)
Old Town Lofts	Redmond, WA	G		2014		149		7,740,467		44,146,181		1,094,490		7,740,467		45,240,671		52,981,138		(12,234,825	)		40,746,313		35,570,767
Olympus Towers	Seattle, WA	G		2000		328		14,752,034		73,335,425		13,511,615		14,752,034		86,847,040		101,599,074		(53,348,127	)		48,250,947		94,751,556
Park Place at San Mateo (fka San Mateo)	San Mateo, CA	G		2001		575		71,900,000		211,907,141		16,378,744		71,900,000		228,285,885		300,185,885		(81,177,243	)		219,008,642	(H)
Skyhouse Denver	Denver, CO	G		2017		354		13,562,331		126,360,318		1,107,660		13,562,331		127,467,978		141,030,309		(20,582,877	)		120,447,432		74,189,118
SoMa Square Apartments (fka South Market)	San Francisco, CA	G		1986		410		79,900,000		177,316,977		18,046,831		79,900,000		195,363,808		275,263,808		(68,367,690	)		206,896,118	(H)
Teresina	Chula Vista, CA		—	2000		440		28,600,000		61,916,670		8,465,472		28,600,000		70,382,142		98,982,142		(39,200,260	)		59,781,882		37,940,000
Vantage Hollywood	Los Angeles, CA		—	1987		298		42,580,326		56,014,674		3,728,870		42,580,326		59,743,544		102,323,870		(18,335,134	)		83,988,736		37,537,003
Vintage	Ontario, CA		—	2005-2007		300		7,059,230		47,677,762		2,278,751		7,059,230		49,956,513		57,015,743		(26,867,509	)		30,148,234		49,136,797
Vintage at 425 Broadway (fka Promenade)	Santa Monica, CA	G		1934/2001		60		9,000,000		13,961,523		1,985,863		9,000,000		15,947,386		24,947,386		(6,073,401	)		18,873,985	(H)
West 54th	New York, NY	G		2001		222		60,900,000		48,193,837		4,900,079		60,900,000		53,093,916		113,993,916		(20,838,067	)		93,155,849		49,701,588
Portfolio/Entity Encumbrances (1)																									799,153,560
Wholly Owned Encumbered						9,113		778,637,659		2,442,658,555		192,940,619		778,637,659		2,635,599,174		3,414,236,833		(1,014,105,838	)		2,400,130,995		1,959,052,708

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/21
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/21		Encumbrances
Partially Owned Unencumbered:
2300 Elliott	Seattle, WA	G		1992		92		796,800		7,173,725		7,998,442		796,800		15,172,167		15,968,967		(12,907,247	)		3,061,720		—
Bellevue Meadows	Bellevue, WA		—	1983		180		4,507,100		12,574,814		6,405,508		4,507,100		18,980,322		23,487,422		(15,232,652	)		8,254,770		—
Canyon Ridge	San Diego, CA		—	1989		162		4,869,448		11,955,063		4,338,392		4,869,448		16,293,455		21,162,903		(13,111,514	)		8,051,389		—
Country Oaks	Agoura Hills, CA		—	1985		256		6,105,000		29,561,865		7,744,470		6,105,000		37,306,335		43,411,335		(25,320,149	)		18,091,186		—
Harrison Square (fka Elliot Bay)	Seattle, WA	G		1992		166		7,600,000		35,844,345		6,184,547		7,600,000		42,028,892		49,628,892		(16,285,713	)		33,343,179		—
Lantern Cove	Foster City, CA		—	1985		232		6,945,000		23,064,976		8,636,723		6,945,000		31,701,699		38,646,699		(22,406,448	)		16,240,251		—
Radius Koreatown	Los Angeles, CA		—	2014/2016		301		32,494,154		84,645,202		640,890		32,494,154		85,286,092		117,780,246		(18,649,423	)		99,130,823		—
Rosecliff	Quincy, MA		—	1990		156		5,460,000		15,721,570		5,177,947		5,460,000		20,899,517		26,359,517		(15,599,076	)		10,760,441		—
Schooner Bay I	Foster City, CA		—	1985		168		5,345,000		20,390,618		7,976,491		5,345,000		28,367,109		33,712,109		(19,122,126	)		14,589,983		—
Schooner Bay II	Foster City, CA		—	1985		144		4,550,000		18,064,764		7,043,955		4,550,000		25,108,719		29,658,719		(16,966,296	)		12,692,423		—
St Johns West	Austin, TX		—	2020		297		10,097,109		47,926,778		23,181		10,097,109		47,949,959		58,047,068		(3,613,948	)		54,433,120		—
Venn at Main	Bellevue, WA	G		2016		350		26,626,497		151,520,448		722,931		26,626,497		152,243,379		178,869,876		(27,128,523	)		151,741,353		—
Virgil Square	Los Angeles, CA		—	1979		142		5,500,000		15,216,613		3,995,308		5,500,000		19,211,921		24,711,921		(11,537,883	)		13,174,038		—
Partially Owned Unencumbered						2,646		120,896,108		473,660,781		66,888,785		120,896,108		540,549,566		661,445,674		(217,880,998	)		443,564,676		—
Partially Owned Encumbered:
9th & W	Washington, DC	G		(F)		—		—		24,306,736		—		—		24,306,736		24,306,736		—			24,306,736		(1,772,313	)
Aero Apartments	Alameda, CA	G		2021		200		13,107,242		100,253,427		33,272		13,107,242		100,286,699		113,393,941		(2,386,616	)		111,007,325		61,662,484
Canyon Creek (CA)	San Ramon, CA		—	1984		268		5,425,000		18,812,120		8,423,666		5,425,000		27,235,786		32,660,786		(20,255,679	)		12,405,107		28,208,225
Wisconsin Place	Chevy Chase, MD		—	2009		432		—		172,089,355		1,873,790		—		173,963,145		173,963,145		(59,910,024	)		114,053,121		144,049,913
Partially Owned Encumbered						900		18,532,242		315,461,638		10,330,728		18,532,242		325,792,366		344,324,608		(82,552,319	)		261,772,289		232,148,309
Total Consolidated Investment in Real Estate						80,407	$	5,860,950,463	$	20,441,488,521	$	1,970,467,401	$	5,860,950,463	$	22,411,955,922	$	28,272,906,385	$	(8,354,282,201	)	$	19,918,624,184	$	2,191,201,017

(1)See attached Encumbrances Reconciliation.

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021

NOTES:

(A) The balance of furniture & fixtures included in the total investment in real estate amount was $2,220,203,083 as of December 31, 2021.

(B) The cost, net of accumulated depreciation, for Federal Income Tax purposes as of December 31, 2021 was approximately $13.2 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 costs owned by the Management Business acquired/added at various acquisition dates and largely represents furniture, fixtures and equipment and computer equipment and software costs, which are generally depreciated over periods ranging from 3 to 7 years, and leasehold improvements, which are generally depreciated over the term of each respective lease.

(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 non-residential components (consisting of retail and/or public parking garage operations).

(H) See Encumbrances Reconciliation schedule.

(I) Boot property for Bond Partnership mortgage pool.