Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Reconciliation of NOI from Rental Real Estate Specific to Continuing Operations

The following table presents a reconciliation of NOI from our rental real estate for the years ended December 31, 2021, 2020 and 2019, respectively (amounts in thousands):

	Year Ended December 31,
	2021			2020			2019
Rental income	$	2,463,997		$	2,571,705		$	2,700,691
Property and maintenance expense		(453,532	)		(440,998	)		(446,845	)
Real estate taxes and insurance expense		(397,105	)		(381,562	)		(366,139	)
Total operating expenses		(850,637	)		(822,560	)		(812,984	)
Net operating income	$	1,613,360		$	1,749,145		$	1,887,707

Schedule of NOI from Rental Real Estate for Each Segment Specific to Continuing Operations

The following tables present NOI from our rental real estate for each segment for the years ended December 31, 2021, 2020 and 2019, respectively, as well as total assets and capital expenditures at December 31, 2021 and 2020, respectively (amounts in thousands):

	Year Ended December 31, 2021						Year Ended December 31, 2020						Year Ended December 31, 2019
	Rental Income		Operating Expenses		NOI		Rental Income		Operating Expenses		NOI		Rental Income		Operating Expenses		NOI
Same store (1)
Los Angeles	$	447,094	$	141,636	$	305,458	$	444,129	$	140,469	$	303,660	$	485,084	$	144,314	$	340,770
Orange County		109,427		24,986		84,441		105,236		24,545		80,691		105,087		24,359		80,728
San Diego		78,709		18,396		60,313		74,737		18,176		56,561		73,698		17,889		55,809
Subtotal - Southern California		635,230		185,018		450,212		624,102		183,190		440,912		663,869		186,562		477,307
San Francisco		391,022		121,134		269,888		435,371		117,085		318,286		473,102		115,702		357,400
Washington D.C.		393,374		130,445		262,929		405,571		125,353		280,218		394,171		119,419		274,752
New York		405,830		202,954		202,876		424,534		197,740		226,794		464,270		191,514		272,756
Seattle		245,484		77,537		167,947		257,372		74,362		183,010		252,311		68,717		183,594
Boston		232,233		75,698		156,535		240,158		71,611		168,547		253,297		70,875		182,422
Other Markets		39,084		11,209		27,875		37,917		11,040		26,877		18,215		4,713		13,502
Total same store		2,342,257		803,995		1,538,262		2,425,025		780,381		1,644,644		2,519,235		757,502		1,761,733
Non-same store/other (2) (3)
Non-same store		51,604		21,296		30,308		11,791		2,706		9,085		58,751		17,702		41,049
Other (3)		70,136		25,346		44,790		134,889		39,473		95,416		122,705		37,780		84,925
Total non-same store/other		121,740		46,642		75,098		146,680		42,179		104,501		181,456		55,482		125,974
Totals	$	2,463,997	$	850,637	$	1,613,360	$	2,571,705	$	822,560	$	1,749,145	$	2,700,691	$	812,984	$	1,887,707

(1) For the years ended December 31, 2021 and 2020, same store primarily includes all properties acquired or completed that were stabilized prior to January 1, 2020, less properties subsequently sold, which represented 74,077 apartment units.  For the year ended December 31, 2019, same store primarily includes all properties acquired or completed that were stabilized prior to January 1, 2019, less properties subsequently sold, which represented 73,585 apartment units.     

(2) For the years ended December 31, 2021 and 2020, non-same store primarily includes properties acquired after January 1, 2020, plus any properties in lease-up and not stabilized as of January 1, 2020.  For the year ended December 31, 2019, non-same store primarily includes properties acquired after January 1, 2019, plus any properties in lease-up and not stabilized as of January 1, 2019.  

(3) Other includes development, other corporate operations and operations prior to disposition for properties sold.

	Year Ended December 31, 2021				Year Ended December 31, 2020
	Total Assets		Capital Expenditures		Total Assets		Capital Expenditures
Same store (1)
Los Angeles	$	2,792,948	$	21,507	$	2,905,404	$	21,537
Orange County		371,063		5,647		389,007		7,260
San Diego		232,345		2,899		242,429		3,430
Subtotal - Southern California		3,396,356		30,053		3,536,840		32,227
San Francisco		3,195,089		22,416		3,310,083		18,091
Washington D.C.		3,177,162		27,148		3,291,760		23,637
New York		3,897,202		29,623		4,000,355		25,716
Seattle		1,958,145		15,038		2,023,183		11,621
Boston		1,694,432		21,095		1,758,665		18,367
Denver		492,454		2,015		512,131		1,579
Total same store		17,810,840		147,388		18,433,017		131,238
Non-same store/other (2) (3)
Non-same store		2,512,611		1,704		671,216		73
Other (3)		845,790		1,927		1,182,658		4,668
Total non-same store/other		3,358,401		3,631		1,853,874		4,741
Totals	$	21,169,241	$	151,019	$	20,286,891	$	135,979

(1) Same store primarily includes all properties acquired or completed that were stabilized prior to January 1, 2020, less properties subsequently sold, which represented 74,077 apartment units.

(2) Non-same store primarily includes properties acquired after January 1, 2020, plus any properties in lease-up and not stabilized as of January 1, 2020.

(3) Other includes development, other corporate operations and capital expenditures for properties sold.