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Organization and Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of Marketable Securities
As of September 30, 2015 and December 31, 2014, marketable securities consist of the following ($ in thousands):

 
September 30, 2015
 
Amortized
Cost
 
Gross
Unrealized
Gain
 
Carrying Value
Available for sale:
 
 
 
 
 
Investment-grade unsecured bonds
$
11,633

 
$
144

 
$
11,777

Investment funds - US treasuries
5,020

 
6

 
5,026

Common stock and stock funds
34,653

 
4,609

 
39,262

Held to maturity:
 

 
 

 
 

Mortgage backed securities
76,993

 
—

 
76,993

Total - Marketable securities and other investments
$
128,299

 
$
4,759

 
$
133,058

 
 
 
 
 
 
 
December 31, 2014
 
Amortized
Cost
 
Gross
Unrealized
Gain
 
Carrying Value
Available for sale:
 

 
 

 
 

Investment-grade unsecured bonds
$
9,435

 
$
145

 
$
9,580

Investment funds - US treasuries
3,769

 
3

 
3,772

Common stock and stock funds
25,755

 
5,137

 
30,892

Held to maturity:
 

 
 

 
 

Mortgage backed securities
67,996

 
—

 
67,996

Total - marketable securities
$
106,955

 
$
5,285

 
$
112,240

  Other investments
5,000

 
—

 
5,000

Total - Marketable securities and other investments
$
111,955

 
$
5,285

 
$
117,240
Changes in Accumulated Other Comprehensive Loss, Net by Component
Essex Property Trust, Inc.
(in thousands)
 
Change in fair
value and amortization
of swap settlements
 
Unrealized
gains on
available for sale
securities
 
Total
Balance at December 31, 2014
$
(56,003
)
 
$
4,551

 
$
(51,452
)
Other comprehensive income before reclassification
(4,403
)
 
(526
)
 
(4,929
)
Amounts reclassified from accumulated other comprehensive loss
6,024

 
—

 
6,024

Other comprehensive income
1,621

 
(526
)
 
1,095

Balance at September 30, 2015
$
(54,382
)
 
$
4,025

 
$
(50,357
)

Changes in Accumulated Other Comprehensive Loss, by Component

Essex Portfolio, L.P.
(in thousands):
 
Change in fair
value and amortization
of swap settlements
 
Unrealized
gains on
available for sale
securities
 
Total
Balance at December 31, 2014
$
(53,980
)
 
$
4,624

 
$
(49,356
)
Other comprehensive income before reclassification
(4,552
)
 
(543
)
 
(5,095
)
Amounts reclassified from accumulated other comprehensive loss
6,227

 
—

 
6,227

Other comprehensive income
1,675

 
(543
)
 
1,132

Balance at September 30, 2015
$
(52,305
)
 
$
4,081

 
$
(48,224
)
Preliminary Fair Values of Assets and Liabilities Acquired
A summary of the fair value of the assets and liabilities acquired on April 1, 2014 was as follows (includes the 14 properties acquired on March 31, 2014 as the OP Units issued were retired on April 1, 2014) (in millions):

Cash assumed
$
140

Rental properties and real estate under development
5,605

Real estate held for sale, net
108

Co-investments
224

Acquired in-place lease value
77

Other assets
16

Mortgage notes payable and unsecured debt
(1,747
)
Other liabilities
(87
)
Redeemable noncontrolling interest
(5
)
 
$
4,331

 
 

Cash consideration for BRE merger
$
556

Equity consideration for BRE merger
3,775

Total consideration for BRE merger
$
4,331