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Organization and Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of marketable securities
As of September 30, 2016 and December 31, 2015, marketable securities consist of the following (in thousands):

 
September 30, 2016
 
Amortized
Cost
 
Gross
Unrealized
Gain
 
Carrying Value
Available for sale:
 
 
 
 
 
Investment-grade unsecured bonds
$
19,604

 
$
416

 
$
20,020

Investment funds - U.S. treasuries
7,598

 
2

 
7,600

Common stock and stock funds
29,901

 
5,232

 
35,133

Held to maturity:
 

 
 

 
 

Mortgage backed securities
90,950

 
—

 
90,950

Total - Marketable securities
$
148,053

 
$
5,650

 
$
153,703

 
 
 
 
 
 
 
December 31, 2015
 
Amortized
Cost
 
Gross
Unrealized
Gain (Loss)
 
Carrying Value
Available for sale:
 

 
 

 
 

Investment-grade unsecured bonds
$
11,618

 
$
68

 
$
11,686

Investment funds - U.S. treasuries
3,675

 
(9
)
 
3,666

Common stock and stock funds
34,655

 
7,091

 
41,746

Held to maturity:
 

 
 

 
 

Mortgage backed securities
80,387

 
—

 
80,387

Total - Marketable securities
$
130,335

 
$
7,150

 
$
137,485
Changes in accumulated other comprehensive income (loss)
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, 2015
$
(48,366
)
 
$
6,355

 
$
(42,011
)
Other comprehensive (loss) income before reclassification
(4,618
)
 
1,330

 
(3,288
)
Amounts reclassified from accumulated other comprehensive loss
7,985

 
(2,781
)
 
5,204

Other comprehensive income (loss)
3,367

 
(1,451
)
 
1,916

Balance at September 30, 2016
$
(44,999
)
 
$
4,904

 
$
(40,095
)

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, 2015
$
(46,087
)
 
$
6,489

 
$
(39,598
)
Other comprehensive (loss) income before reclassification
(4,775
)
 
1,376

 
(3,399
)
Amounts reclassified from accumulated other comprehensive loss
8,256

 
(2,876
)
 
5,380

Other comprehensive income (loss)
3,481

 
(1,500
)
 
1,981

Balance at September 30, 2016
$
(42,606
)
 
$
4,989

 
$
(37,617
)