XML 18 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Rental properties:    
Land and land improvements $ 2,573,923 $ 2,522,842
Buildings and improvements 10,096,484 9,808,627
Total rental properties 12,670,407 12,331,469
Less accumulated depreciation (2,159,840) (1,949,892)
Net real estate 10,510,567 10,381,577
Real estate under development 157,659 242,326
Co-investments 1,103,272 1,036,047
Real estate held for sale, net 0 26,879
Total real estate 11,771,498 11,686,829
Cash and cash equivalents-unrestricted 182,515 29,683
Cash and cash equivalents-restricted 32,861 93,372
Marketable securities 152,263 137,485
Notes and other receivables 20,448 19,285
Prepaid expenses and other assets 47,106 38,437
Total assets 12,206,691 12,005,091
Liabilities    
Unsecured debt, net 3,377,728 3,088,680
Mortgage notes payable, net 2,240,558 2,215,077
Lines of credit, net 0 11,707
Accounts payable and accrued liabilities 145,217 131,415
Construction payable 38,473 40,953
Dividends payable 110,163 100,266
Other liabilities 34,945 34,518
Total liabilities 5,947,084 5,622,616
Commitments and contingencies
Redeemable noncontrolling interest 44,531 45,452
Equity:    
Common stock; $0.0001 par value, 670,000,000 shares authorized; 65,479,054 and 65,379,359 shares issued and outstanding, respectively 6 6
Cumulative redeemable 7.125% Series H preferred stock at liquidation value 0 73,750
Additional paid-in capital 7,017,962 7,003,317
Distributions in excess of accumulated earnings (856,815) (797,329)
Accumulated other comprehensive loss, net (43,007) (42,011)
Total stockholders' equity 6,118,146 6,237,733
Noncontrolling interest 96,930 99,290
Total equity 6,215,076 6,337,023
Total liabilities and equity 12,206,691 12,005,091
Essex Portfolio, L.P. [Member]    
Rental properties:    
Land and land improvements 2,573,923 2,522,842
Buildings and improvements 10,096,484 9,808,627
Total rental properties 12,670,407 12,331,469
Less accumulated depreciation (2,159,840) (1,949,892)
Net real estate 10,510,567 10,381,577
Real estate under development 157,659 242,326
Co-investments 1,103,272 1,036,047
Real estate held for sale, net 0 26,879
Total real estate 11,771,498 11,686,829
Cash and cash equivalents-unrestricted 182,515 29,683
Cash and cash equivalents-restricted 32,861 93,372
Marketable securities 152,263 137,485
Notes and other receivables 20,448 19,285
Prepaid expenses and other assets 47,106 38,437
Total assets 12,206,691 12,005,091
Liabilities    
Unsecured debt, net 3,377,728 3,088,680
Mortgage notes payable, net 2,240,558 2,215,077
Lines of credit, net 0 11,707
Accounts payable and accrued liabilities 145,217 131,415
Construction payable 38,473 40,953
Dividends payable 110,163 100,266
Other liabilities 34,945 34,518
Total liabilities 5,947,084 5,622,616
Commitments and contingencies
Redeemable noncontrolling interest 44,531 45,452
Equity:    
General Partner 6,161,153 6,279,744
Common equity (2,221,768 and 2,214,545 units issued and outstanding, respectively) 46,298 47,235
Accumulated other comprehensive loss, net (40,628) (39,598)
Total partners' capital 6,166,823 6,287,381
Noncontrolling interest 48,253 49,642
Total capital 6,215,076 6,337,023
Total liabilities and equity 12,206,691 12,005,091
Essex Portfolio, L.P. [Member] | General Partner [Member] | Common Capital [Member]    
Equity:    
General Partner 6,161,153 6,208,535
Total capital 6,161,153 6,208,535
Essex Portfolio, L.P. [Member] | General Partner [Member] | Preferred Capital [Member]    
Equity:    
General Partner 0 71,209
Total capital $ 0 $ 71,209