XML 47 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
Real Estate Investments Summary of Co-Investments (Details) (USD $)
In Thousands, unless otherwise specified
1 Months Ended 12 Months Ended
Jul. 31, 2014
Dec. 31, 2014
Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]      
Co-investment   $ 1,036,411us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $ 677,133us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
Century Towers [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment 27,000us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_CenturyTowersMember
12,000us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_CenturyTowersMember
 
Preferred Stock Dividend Rate Percentage In First Five Years 8.10%ess_PreferredStockDividendRatePercentageInFirstFiveYears
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_CenturyTowersMember
   
Total operating co investments [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   607,790us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_TotalOperatingCoInvestmentsMember
360,616us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_TotalOperatingCoInvestmentsMember
Membership interest in Wesco I and III [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   188,404us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInWescoIAndIIIMember
181,098us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInWescoIAndIIIMember
Partnership interest in Fund II [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   696us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PartnershipInterestInFundIiMember
4,166us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PartnershipInterestInFundIiMember
Membership interest in a limited liability company that owns and is developing Expo [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   7,352us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInLimitedLiabilityCompanyThatOwnsAndIsDevelopingExpoMember
12,041us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInLimitedLiabilityCompanyThatOwnsAndIsDevelopingExpoMember
Membership interest in a limited liability company that owns The Huxley [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   11,471us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInLimitedLiabilityCompanyThatOwnsHuxleyMember
11,224us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInLimitedLiabilityCompanyThatOwnsHuxleyMember
Membership Interest In Limited Liability Company That Owns Connolly Station [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   46,653us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInLimitedLiabilityCompanyThatOwnsConnollyStationMember
45,242us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInLimitedLiabilityCompanyThatOwnsConnollyStationMember
Membership Interest In Epic [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   122,968us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInEpicMember
106,845us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInEpicMember
Membership interest in Wesco IV [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   86,289us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInWescoIvMember
0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInWescoIvMember
Membership interest in BEXAEW [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   73,771us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInBexaewMember
0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInBexaewMember
Membership Interest In Palm Valley [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   70,186us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInPalmValleyMember
0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInPalmValleyMember
Total development co investments [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   319,930us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_TotalDevelopmentCoInvestmentsMember
173,887us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_TotalDevelopmentCoInvestmentsMember
Membership interests in limited liability companies that own and are developing Epic, Lync, Elkhorn, and Folsom and Fifth [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   268,016us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestsInLimitedLiabilityCompaniesThatOwnAndAreDevelopingEpicLyncElkhornAndFolsomAndFifthMember
149,451us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestsInLimitedLiabilityCompaniesThatOwnAndAreDevelopingEpicLyncElkhornAndFolsomAndFifthMember
Membership interests in limited liability companies that owns and is developing One South Market [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   30,919us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestsInLimitedLiabilityCompaniesThatOwnsAndIsDevelopingOneSouthMarketMember
17,115us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestsInLimitedLiabilityCompaniesThatOwnsAndIsDevelopingOneSouthMarketMember
Membership interests in limited liability companies that own and are developing The Huxley and The Dylan [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   7,874us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestsInLimitedLiabilityCompaniesThatOwnAndAreDevelopingHuxleyAndDylanMember
7,321us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestsInLimitedLiabilityCompaniesThatOwnAndAreDevelopingHuxleyAndDylanMember
Membership Interest In Limited Liability Company That Owns And Is Developing Century Towers [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   13,121us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInLimitedLiabilityCompanyThatOwnsAndIsDevelopingCenturyTowersMember
0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInLimitedLiabilityCompanyThatOwnsAndIsDevelopingCenturyTowersMember
Total preferred interest investments [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   108,691us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_TotalPreferredInterestInvestmentsMember
142,630us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_TotalPreferredInterestInvestmentsMember
Membership interest in Wesco II that owns a preferred equity interest in Park Merced with a preferred return of 10.1 [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInWescoIiThatOwnsPreferredEquityInterestInParkMercedWithPreferredReturnOf101Member
94,711us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInWescoIiThatOwnsPreferredEquityInterestInParkMercedWithPreferredReturnOf101Member
Cumulative dividend rate (in hundredths)   10.10%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_MembershipInterestInWescoIiThatOwnsPreferredEquityInterestInParkMercedWithPreferredReturnOf101Member
 
Preferred interests in related party limited liability companies that owns Sage at Cupertino with a preferred return of 9.5% [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   16,571us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestsInRelatedPartyLimitedLiabilityCompaniesThatOwnsSageAtCupertinoWithPreferredReturnOf95Member
15,775us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestsInRelatedPartyLimitedLiabilityCompaniesThatOwnsSageAtCupertinoWithPreferredReturnOf95Member
Cumulative dividend rate (in hundredths)   9.50%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestsInRelatedPartyLimitedLiabilityCompaniesThatOwnsSageAtCupertinoWithPreferredReturnOf95Member
 
Preferred interest in a related party limited liability company that owns Madison Park at Anaheim with a preferred return of 9% [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   13,824us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsMadisonParkAtAnaheimWithPreferredReturnOf9Member
13,824us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsMadisonParkAtAnaheimWithPreferredReturnOf9Member
Cumulative dividend rate (in hundredths)   9.00%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsMadisonParkAtAnaheimWithPreferredReturnOf9Member
 
Preferred interest in related party limited liability company that owns an apartment development in Redwood City with a preferred return of 12% [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   10,396us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsApartmentDevelopmentInRedwoodCityWithPreferredReturnOf12Member
9,455us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsApartmentDevelopmentInRedwoodCityWithPreferredReturnOf12Member
Cumulative dividend rate (in hundredths)   12.00%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsApartmentDevelopmentInRedwoodCityWithPreferredReturnOf12Member
 
Preferred Interest, Extension Term   1 year  
Preferred Interest, Number Of Extension Options   1ess_PreferredInterestNumberOfExtensionOptions
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsApartmentDevelopmentInRedwoodCityWithPreferredReturnOf12Member
 
Preferred interest in related party limited liability company that owns an apartment development in San Jose with a preferred return of 12% [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   10,011us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsApartmentDevelopmentInSanJoseWithPreferredReturnOf12Member
8,865us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsApartmentDevelopmentInSanJoseWithPreferredReturnOf12Member
Cumulative dividend rate (in hundredths)   12.00%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInRelatedPartyLimitedLiabilityCompanyThatOwnsApartmentDevelopmentInSanJoseWithPreferredReturnOf12Member
 
Preferred interest in a limited liability company that owns 8th & Thomas with a preferred return of 10 [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   13,145us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwns8thThomasWithAPreferredReturnOf10Member
0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwns8thThomasWithAPreferredReturnOf10Member
Cumulative dividend rate (in hundredths)   10.00%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwns8thThomasWithAPreferredReturnOf10Member
 
Preferred Interest, Extension Term   1 year  
Preferred Interest, Number Of Extension Options   1ess_PreferredInterestNumberOfExtensionOptions
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwns8thThomasWithAPreferredReturnOf10Member
 
Preferred interest in a limited liability company that owns Newbury Park with preferred return of 12 [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   13,150us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwnsNewburyParkWithPreferredReturnOf12Member
0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwnsNewburyParkWithPreferredReturnOf12Member
Cumulative dividend rate (in hundredths)   12.00%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwnsNewburyParkWithPreferredReturnOf12Member
 
Preferred interest in a limited liability company that owns Century Towers with preferred return of 10 [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   12,357us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwnsCenturyTowersWithPreferredReturnOf10Member
0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwnsCenturyTowersWithPreferredReturnOf10Member
Preferred interests in limited liability companies that own apartment communities in San Jose with preferred returns of 9% and 10% [Member]      
Schedule of Equity Method Investments [Line Items]      
Co-investment   $ 19,237us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwnsAnApartmentDevelopmentInSanJoseWithAPreferredReturnOfNinePercentMember
$ 0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwnsAnApartmentDevelopmentInSanJoseWithAPreferredReturnOfNinePercentMember
Cumulative dividend rate (in hundredths)   9.00%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= ess_PreferredInterestInALimitedLiabilityCompanyThatOwnsAnApartmentDevelopmentInSanJoseWithAPreferredReturnOfNinePercentMember