XML 71 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 134,438us-gaap_ProfitLoss $ 172,055us-gaap_ProfitLoss $ 139,590us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 360,592ess_CashFlowDepreciationExpense 193,518ess_CashFlowDepreciationExpense 170,686ess_CashFlowDepreciationExpense
Earnings from co-investments (33,335)ess_GainLossFromEquityMethodInvestments (14,613)ess_GainLossFromEquityMethodInvestments (12,633)ess_GainLossFromEquityMethodInvestments
Company's share of gain on the sales of co-investments (6,558)us-gaap_ProceedsFromSaleOfEquityMethodInvestments (41,252)us-gaap_ProceedsFromSaleOfEquityMethodInvestments (29,112)us-gaap_ProceedsFromSaleOfEquityMethodInvestments
Operating distributions from co-investments 49,486us-gaap_EquityMethodInvestmentDividendsOrDistributions 19,636us-gaap_EquityMethodInvestmentDividendsOrDistributions 14,259us-gaap_EquityMethodInvestmentDividendsOrDistributions
Gain on the sales of real estate and land 46,039ess_CompanysShareOfGainOnSalesOfRealEstate 30,725ess_CompanysShareOfGainOnSalesOfRealEstate 10,870ess_CompanysShareOfGainOnSalesOfRealEstate
Loss on early retirement of debt, net 268us-gaap_GainsLossesOnExtinguishmentOfDebt 300us-gaap_GainsLossesOnExtinguishmentOfDebt 5,009us-gaap_GainsLossesOnExtinguishmentOfDebt
Gain on sale of marketable securities (886)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet (1,767)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet (819)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Amortization of (premium) discount and financing costs, net (14,672)us-gaap_AmortizationOfIntangibleAssets 12,216us-gaap_AmortizationOfIntangibleAssets 11,644us-gaap_AmortizationOfIntangibleAssets
Amortization of discount on notes receivables 0ess_AmortizationOfDiscountOnNotesReceivables (844)ess_AmortizationOfDiscountOnNotesReceivables (1,832)ess_AmortizationOfDiscountOnNotesReceivables
Amortization of discount on marketable securities (9,325)us-gaap_InvestmentIncomeAmortizationOfDiscount (6,556)us-gaap_InvestmentIncomeAmortizationOfDiscount (5,127)us-gaap_InvestmentIncomeAmortizationOfDiscount
Non cash merger and integration expenses 9,025us-gaap_NoncashMergerRelatedCosts 0us-gaap_NoncashMergerRelatedCosts 0us-gaap_NoncashMergerRelatedCosts
Equity-based compensation 8,740us-gaap_ShareBasedCompensation 4,508us-gaap_ShareBasedCompensation 4,141us-gaap_ShareBasedCompensation
Gain on remeasurement of co-investment 0ess_GainOnRemeasurementOfCoInvestment 0ess_GainOnRemeasurementOfCoInvestment (21,947)ess_GainOnRemeasurementOfCoInvestment
Changes in operating assets and liabilities:      
Prepaid expenses, in-place lease value, receivables and other assets 15,828us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,588)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (9,488)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities 24,233us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities 72us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities 12,360us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
Other liabilities 1,188us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 22us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 1,638us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 492,983us-gaap_NetCashProvidedByUsedInOperatingActivities 304,982us-gaap_NetCashProvidedByUsedInOperatingActivities 267,499us-gaap_NetCashProvidedByUsedInOperatingActivities
Additions to real estate:      
Acquisitions of real estate (387,547)us-gaap_PaymentsToAcquireRealEstate (348,774)us-gaap_PaymentsToAcquireRealEstate (393,771)us-gaap_PaymentsToAcquireRealEstate
Redevelopment (81,429)us-gaap_PaymentsForCapitalImprovements (47,289)us-gaap_PaymentsForCapitalImprovements (46,647)us-gaap_PaymentsForCapitalImprovements
Acquisition of and additions to real estate under development (152,766)ess_RedevelopmentExpenditures (17,757)ess_RedevelopmentExpenditures (29,196)ess_RedevelopmentExpenditures
Capital expenditures on rental properties (78,864)ess_RevenueGeneratingCapitalExpenditures (56,919)ess_RevenueGeneratingCapitalExpenditures (45,368)ess_RevenueGeneratingCapitalExpenditures
Proceeds from insurance for property losses 35,547us-gaap_ProceedsFromInsuranceSettlementInvestingActivities 0us-gaap_ProceedsFromInsuranceSettlementInvestingActivities 0us-gaap_ProceedsFromInsuranceSettlementInvestingActivities
BRE merger consideration paid (555,826)us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross
Acquisition of membership interest in co-investment 0ess_AcquisitionOfMembershipInterestInCoInvestment 0ess_AcquisitionOfMembershipInterestInCoInvestment (85,000)ess_AcquisitionOfMembershipInterestInCoInvestment
Dispositions of real estate 141,189us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment 65,496us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment 27,800us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
Dispositions of co-investments 13,900us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal 0us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal 0us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal
Changes in restricted cash and refundable deposits (36,582)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities (9,149)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities (6,069)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities
Purchases of marketable securities (20,516)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (16,442)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (73,735)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Sales and maturities of marketable securities 8,753us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 24,172us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 61,703us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Purchases of and advances under notes and other receivables 0ess_PurchasesOfAndAdvancesUnderNotesAndOtherReceivables (56,750)ess_PurchasesOfAndAdvancesUnderNotesAndOtherReceivables (26,000)ess_PurchasesOfAndAdvancesUnderNotesAndOtherReceivables
Collections of notes and other receivables 76,585us-gaap_ProceedsFromSaleAndCollectionOfReceivables 53,438us-gaap_ProceedsFromSaleAndCollectionOfReceivables 14,525us-gaap_ProceedsFromSaleAndCollectionOfReceivables
Contributions to co-investments (246,006)us-gaap_PaymentsToAcquireEquityMethodInvestments (162,578)us-gaap_PaymentsToAcquireEquityMethodInvestments (260,153)us-gaap_PaymentsToAcquireEquityMethodInvestments
Non-operating distributions from co-investments 136,406us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 118,856us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 49,773us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
Net cash used in investing activities (1,147,156)us-gaap_NetCashProvidedByUsedInInvestingActivities (453,696)us-gaap_NetCashProvidedByUsedInInvestingActivities (812,138)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Borrowings under debt agreements 2,093,406us-gaap_ProceedsFromIssuanceOfLongTermDebt 969,061us-gaap_ProceedsFromIssuanceOfLongTermDebt 1,745,853us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayment of debt (1,814,020)us-gaap_RepaymentsOfLongTermDebt (750,900)us-gaap_RepaymentsOfLongTermDebt (1,371,317)us-gaap_RepaymentsOfLongTermDebt
Additions to deferred charges (17,402)us-gaap_PaymentOfFinancingAndStockIssuanceCosts (7,402)us-gaap_PaymentOfFinancingAndStockIssuanceCosts (6,707)us-gaap_PaymentOfFinancingAndStockIssuanceCosts
Equity related issuance cost (1,391)us-gaap_PaymentsOfStockIssuanceCosts (617)us-gaap_PaymentsOfStockIssuanceCosts (309)us-gaap_PaymentsOfStockIssuanceCosts
Net proceeds from stock options exercised 11,039us-gaap_ProceedsFromStockOptionsExercised 4,958us-gaap_ProceedsFromStockOptionsExercised 2,643us-gaap_ProceedsFromStockOptionsExercised
Net proceeds from issuance of common stock 532,770us-gaap_ProceedsFromIssuanceOfCommonStock 138,366us-gaap_ProceedsFromIssuanceOfCommonStock 357,720us-gaap_ProceedsFromIssuanceOfCommonStock
Contributions from noncontrolling interest 0us-gaap_ProceedsFromContributionsFromAffiliates 0us-gaap_ProceedsFromContributionsFromAffiliates 2,400us-gaap_ProceedsFromContributionsFromAffiliates
Distributions to noncontrolling interest (17,465)us-gaap_PaymentsOfDistributionsToAffiliates (18,488)us-gaap_PaymentsOfDistributionsToAffiliates (16,691)us-gaap_PaymentsOfDistributionsToAffiliates
Redemption of noncontrolling interest (5,753)us-gaap_PaymentsToMinorityShareholders (5,711)us-gaap_PaymentsToMinorityShareholders (6,986)us-gaap_PaymentsToMinorityShareholders
Common and preferred stock dividends paid (260,574)us-gaap_PaymentsOfOrdinaryDividends (180,668)us-gaap_PaymentsOfOrdinaryDividends (156,250)us-gaap_PaymentsOfOrdinaryDividends
Net cash provided by financing activities 520,610us-gaap_NetCashProvidedByUsedInFinancingActivities 148,599us-gaap_NetCashProvidedByUsedInFinancingActivities 550,356us-gaap_NetCashProvidedByUsedInFinancingActivities
Cash acquired from the BRE merger 140,353us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition
Net increase (decrease) in cash and cash equivalents 6,790us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (115)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 5,717us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 18,491us-gaap_CashAndCashEquivalentsAtCarryingValue 18,606us-gaap_CashAndCashEquivalentsAtCarryingValue 12,889us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 25,281us-gaap_CashAndCashEquivalentsAtCarryingValue 18,491us-gaap_CashAndCashEquivalentsAtCarryingValue 18,606us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 130,691us-gaap_InterestPaidNet 103,516us-gaap_InterestPaidNet 95,597us-gaap_InterestPaidNet
Interest capitalized 22,510us-gaap_InterestPaidCapitalized 16,486us-gaap_InterestPaidCapitalized 10,346us-gaap_InterestPaidCapitalized
Supplemental disclosure of noncash investing and financing activities:      
Contributions from noncontrolling interest 1,419,816us-gaap_ProceedsFromMinorityShareholders [1] 0us-gaap_ProceedsFromMinorityShareholders [1] 0us-gaap_ProceedsFromMinorityShareholders [1]
Retirement of noncontrolling interest (1,419,816)us-gaap_TreasuryStockRetiredCostMethodAmount [1] 0us-gaap_TreasuryStockRetiredCostMethodAmount [1] 0us-gaap_TreasuryStockRetiredCostMethodAmount [1]
Transfer from real estate under development to rental properties 10,203ess_TransferFromRealEstateUnderDevelopmentToRentalProperties [1] 68ess_TransferFromRealEstateUnderDevelopmentToRentalProperties [1] 6,632ess_TransferFromRealEstateUnderDevelopmentToRentalProperties [1]
Transfer from real estate under development to co-investments 83,574ess_TransferFromRealEstateUnderDevelopmentToCoInvestments [1] 27,906ess_TransferFromRealEstateUnderDevelopmentToCoInvestments [1] 0ess_TransferFromRealEstateUnderDevelopmentToCoInvestments [1]
Transfer from co-investments to rental properties 0ess_TransferFromCoInvestmentsToRentalProperties [1] 0ess_TransferFromCoInvestmentsToRentalProperties [1] 148,053ess_TransferFromCoInvestmentsToRentalProperties [1]
Reclassification to redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 18,766us-gaap_ReclassificationsOfTemporaryToPermanentEquity [1] 0us-gaap_ReclassificationsOfTemporaryToPermanentEquity [1] 0us-gaap_ReclassificationsOfTemporaryToPermanentEquity [1]
Mortgage notes (excluding BRE merger) assumed in connection with purchases of real estate including the loan premiums recorded 72,568us-gaap_LoansAssumed1 [1] 0us-gaap_LoansAssumed1 [1] 82,133us-gaap_LoansAssumed1 [1]
Contribution of note receivable to co-investment 0ess_TransferFromNotesReceivableToCoInvestment [1] 0ess_TransferFromNotesReceivableToCoInvestment [1] 12,325ess_TransferFromNotesReceivableToCoInvestment [1]
Change in accrual of dividends 37,594ess_ChangeInAccrualOfDividends [1] 5,575ess_ChangeInAccrualOfDividends [1] 5,441ess_ChangeInAccrualOfDividends [1]
Change in construction payable 22,845ess_ChangeInConstructionPayable [1] 2,655ess_ChangeInConstructionPayable [1] 1,113ess_ChangeInConstructionPayable [1]
Common stock proceeds receivables 1,258ess_ChangeInCommonStockReceivable [1] 0ess_ChangeInCommonStockReceivable [1] 0ess_ChangeInCommonStockReceivable [1]
Essex Portfolio, L.P. [Member]      
Cash flows from operating activities:      
Net income 134,438us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
172,055us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
139,590us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 360,592ess_CashFlowDepreciationExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
193,518ess_CashFlowDepreciationExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
170,686ess_CashFlowDepreciationExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Earnings from co-investments (33,335)ess_GainLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(14,613)ess_GainLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(12,633)ess_GainLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Company's share of gain on the sales of co-investments (6,558)us-gaap_ProceedsFromSaleOfEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(41,252)us-gaap_ProceedsFromSaleOfEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(29,112)us-gaap_ProceedsFromSaleOfEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Operating distributions from co-investments 49,486us-gaap_EquityMethodInvestmentDividendsOrDistributions
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
19,636us-gaap_EquityMethodInvestmentDividendsOrDistributions
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
14,259us-gaap_EquityMethodInvestmentDividendsOrDistributions
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Gain on the sales of real estate and land 46,039ess_CompanysShareOfGainOnSalesOfRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
30,725ess_CompanysShareOfGainOnSalesOfRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
10,870ess_CompanysShareOfGainOnSalesOfRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Loss on early retirement of debt, net 268us-gaap_GainsLossesOnExtinguishmentOfDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
300us-gaap_GainsLossesOnExtinguishmentOfDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
5,009us-gaap_GainsLossesOnExtinguishmentOfDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Gain on sale of marketable securities (886)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(1,767)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(819)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Amortization of (premium) discount and financing costs, net (14,672)us-gaap_AmortizationOfIntangibleAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
12,216us-gaap_AmortizationOfIntangibleAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
11,644us-gaap_AmortizationOfIntangibleAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Amortization of discount on notes receivables 0ess_AmortizationOfDiscountOnNotesReceivables
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(844)ess_AmortizationOfDiscountOnNotesReceivables
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(1,832)ess_AmortizationOfDiscountOnNotesReceivables
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Amortization of discount on marketable securities (9,325)us-gaap_InvestmentIncomeAmortizationOfDiscount
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(6,556)us-gaap_InvestmentIncomeAmortizationOfDiscount
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(5,127)us-gaap_InvestmentIncomeAmortizationOfDiscount
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Non cash merger and integration expenses 9,025us-gaap_NoncashMergerRelatedCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_NoncashMergerRelatedCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_NoncashMergerRelatedCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Equity-based compensation 8,740us-gaap_ShareBasedCompensation
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
4,508us-gaap_ShareBasedCompensation
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
4,141us-gaap_ShareBasedCompensation
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Gain on remeasurement of co-investment 0ess_GainOnRemeasurementOfCoInvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0ess_GainOnRemeasurementOfCoInvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(21,947)ess_GainOnRemeasurementOfCoInvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Changes in operating assets and liabilities:      
Prepaid expenses, in-place lease value, receivables and other assets 15,828us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(1,588)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(9,488)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Accounts payable and accrued liabilities 24,233us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
72us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
12,360us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Other liabilities 1,188us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
22us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,638us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net cash provided by operating activities 492,983us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
304,982us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
267,499us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Additions to real estate:      
Acquisitions of real estate (387,547)us-gaap_PaymentsToAcquireRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(348,774)us-gaap_PaymentsToAcquireRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(393,771)us-gaap_PaymentsToAcquireRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Redevelopment (81,429)us-gaap_PaymentsForCapitalImprovements
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(47,289)us-gaap_PaymentsForCapitalImprovements
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(46,647)us-gaap_PaymentsForCapitalImprovements
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Acquisition of and additions to real estate under development (152,766)ess_RedevelopmentExpenditures
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(17,757)ess_RedevelopmentExpenditures
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(29,196)ess_RedevelopmentExpenditures
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Capital expenditures on rental properties (78,864)ess_RevenueGeneratingCapitalExpenditures
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(56,919)ess_RevenueGeneratingCapitalExpenditures
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(45,368)ess_RevenueGeneratingCapitalExpenditures
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Proceeds from insurance for property losses 35,547us-gaap_ProceedsFromInsuranceSettlementInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_ProceedsFromInsuranceSettlementInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_ProceedsFromInsuranceSettlementInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
BRE merger consideration paid (555,826)us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Acquisition of membership interest in co-investment 0ess_AcquisitionOfMembershipInterestInCoInvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0ess_AcquisitionOfMembershipInterestInCoInvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(85,000)ess_AcquisitionOfMembershipInterestInCoInvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Dispositions of real estate 141,189us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
65,496us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
27,800us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Dispositions of co-investments 13,900us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Changes in restricted cash and refundable deposits (36,582)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(9,149)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(6,069)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Purchases of marketable securities (20,516)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(16,442)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(73,735)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Sales and maturities of marketable securities 8,753us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
24,172us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
61,703us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Purchases of and advances under notes and other receivables 0ess_PurchasesOfAndAdvancesUnderNotesAndOtherReceivables
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(56,750)ess_PurchasesOfAndAdvancesUnderNotesAndOtherReceivables
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(26,000)ess_PurchasesOfAndAdvancesUnderNotesAndOtherReceivables
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Collections of notes and other receivables 76,585us-gaap_ProceedsFromSaleAndCollectionOfReceivables
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
53,438us-gaap_ProceedsFromSaleAndCollectionOfReceivables
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
14,525us-gaap_ProceedsFromSaleAndCollectionOfReceivables
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Contributions to co-investments (246,006)us-gaap_PaymentsToAcquireEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(162,578)us-gaap_PaymentsToAcquireEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(260,153)us-gaap_PaymentsToAcquireEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Non-operating distributions from co-investments 136,406us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
118,856us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
49,773us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net cash used in investing activities (1,147,156)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(453,696)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(812,138)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Cash flows from financing activities:      
Borrowings under debt agreements 2,093,406us-gaap_ProceedsFromIssuanceOfLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
969,061us-gaap_ProceedsFromIssuanceOfLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,745,853us-gaap_ProceedsFromIssuanceOfLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Repayment of debt (1,814,020)us-gaap_RepaymentsOfLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(750,900)us-gaap_RepaymentsOfLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(1,371,317)us-gaap_RepaymentsOfLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Additions to deferred charges (17,402)us-gaap_PaymentOfFinancingAndStockIssuanceCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(7,402)us-gaap_PaymentOfFinancingAndStockIssuanceCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(6,707)us-gaap_PaymentOfFinancingAndStockIssuanceCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Equity related issuance cost (1,391)us-gaap_PaymentsOfStockIssuanceCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(617)us-gaap_PaymentsOfStockIssuanceCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(309)us-gaap_PaymentsOfStockIssuanceCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net proceeds from stock options exercised 11,039us-gaap_ProceedsFromStockOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
4,958us-gaap_ProceedsFromStockOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,643us-gaap_ProceedsFromStockOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net proceeds from issuance of common stock 532,770us-gaap_ProceedsFromIssuanceOfCommonStock
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
138,366us-gaap_ProceedsFromIssuanceOfCommonStock
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
357,720us-gaap_ProceedsFromIssuanceOfCommonStock
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Contributions from noncontrolling interest 0us-gaap_ProceedsFromContributionsFromAffiliates
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_ProceedsFromContributionsFromAffiliates
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,400us-gaap_ProceedsFromContributionsFromAffiliates
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Distributions to noncontrolling interest (4,841)us-gaap_PaymentsOfDistributionsToAffiliates
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(8,016)us-gaap_PaymentsOfDistributionsToAffiliates
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(6,957)us-gaap_PaymentsOfDistributionsToAffiliates
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Redemption of noncontrolling interest (802)us-gaap_PaymentsToMinorityShareholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(5,711)us-gaap_PaymentsToMinorityShareholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(6,986)us-gaap_PaymentsToMinorityShareholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Common and preferred stock dividends paid (278,149)us-gaap_PaymentsOfOrdinaryDividends
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(191,140)us-gaap_PaymentsOfOrdinaryDividends
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(165,984)us-gaap_PaymentsOfOrdinaryDividends
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net cash provided by financing activities 520,610us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
148,599us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
550,356us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Cash acquired from the BRE merger 140,353us-gaap_CashAcquiredFromAcquisition
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_CashAcquiredFromAcquisition
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_CashAcquiredFromAcquisition
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net increase (decrease) in cash and cash equivalents 6,790us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(115)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
5,717us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Cash and cash equivalents at beginning of year 18,491us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
18,606us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
12,889us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Cash and cash equivalents at end of year 25,281us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
18,491us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
18,606us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 130,691us-gaap_InterestPaidNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
103,516us-gaap_InterestPaidNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
95,597us-gaap_InterestPaidNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Interest capitalized 22,510us-gaap_InterestPaidCapitalized
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
16,486us-gaap_InterestPaidCapitalized
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
10,346us-gaap_InterestPaidCapitalized
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Supplemental disclosure of noncash investing and financing activities:      
Contributions from noncontrolling interest 1,419,816us-gaap_ProceedsFromMinorityShareholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 0us-gaap_ProceedsFromMinorityShareholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 0us-gaap_ProceedsFromMinorityShareholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1]
Retirement of noncontrolling interest (1,419,816)us-gaap_TreasuryStockRetiredCostMethodAmount
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 0us-gaap_TreasuryStockRetiredCostMethodAmount
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 0us-gaap_TreasuryStockRetiredCostMethodAmount
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1]
Transfer from real estate under development to rental properties 10,203ess_TransferFromRealEstateUnderDevelopmentToRentalProperties
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 68ess_TransferFromRealEstateUnderDevelopmentToRentalProperties
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 6,632ess_TransferFromRealEstateUnderDevelopmentToRentalProperties
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1]
Transfer from real estate under development to co-investments 83,574ess_TransferFromRealEstateUnderDevelopmentToCoInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 27,906ess_TransferFromRealEstateUnderDevelopmentToCoInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 0ess_TransferFromRealEstateUnderDevelopmentToCoInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1]
Transfer from co-investments to rental properties 0ess_TransferFromCoInvestmentsToRentalProperties
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 0ess_TransferFromCoInvestmentsToRentalProperties
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 148,053ess_TransferFromCoInvestmentsToRentalProperties
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1]
Reclassification to redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 18,766us-gaap_ReclassificationsOfTemporaryToPermanentEquity
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 0us-gaap_ReclassificationsOfTemporaryToPermanentEquity
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] 0us-gaap_ReclassificationsOfTemporaryToPermanentEquity
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1]
Mortgage notes (excluding BRE merger) assumed in connection with purchases of real estate including the loan premiums recorded 72,568us-gaap_LoansAssumed1
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_LoansAssumed1
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
82,133us-gaap_LoansAssumed1
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Contribution of note receivable to co-investment 0ess_TransferFromNotesReceivableToCoInvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0ess_TransferFromNotesReceivableToCoInvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
12,325ess_TransferFromNotesReceivableToCoInvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Change in accrual of dividends 37,594ess_ChangeInAccrualOfDividends
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
5,575ess_ChangeInAccrualOfDividends
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
5,441ess_ChangeInAccrualOfDividends
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Change in construction payable 22,845ess_ChangeInConstructionPayable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,655ess_ChangeInConstructionPayable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,113ess_ChangeInConstructionPayable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Common stock proceeds receivables $ 1,258ess_ChangeInCommonStockReceivable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0ess_ChangeInCommonStockReceivable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0ess_ChangeInCommonStockReceivable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] See note 2(r) for details of noncash investing and financing activities related to the BRE merger.