SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

									Costs
					Initial cost				capitalized		Gross amount carried at close of period
	Apartment						Buildings and		subsequent to		Land and		Buildings and				Accumulated			Date of	Date	Lives
Property	Homes	Location	Encumbrance		Land		improvements		acquisition		improvements		improvements		Total (1)		depreciation			construction	acquired	(years)
Encumbered communities
Avondale at Warner Center	446	Woodland Hills, CA	$	43,687	$	10,536	$	24,522	$	20,008	$	10,601	$	44,465	$	55,066	$	(28,536	)	1970	Jan-99	3-30
Bel Air	462	San Ramon, CA	51,531		12,105		18,252		33,311		12,682		50,986		63,668		(30,311		)	1988	Jan-95	3-30
Belcarra	296	Bellevue, WA	52,238		21,725		92,091		487		21,725		92,578		114,303		(9,268		)	2009	Apr-14	5-30
BellCentre	248	Bellevue, WA	39,597		16,197		67,207		3,240		16,197		70,447		86,644		(7,170		)	2001	Apr-14	5-30
Belmont Station	275	Los Angeles, CA	29,629		8,100		66,666		5,704		8,267		72,203		80,470		(23,456		)	2009	Mar-09	3-30
Brookside Oaks	170	Sunnyvale, CA	18,536		7,301		16,310		23,979		10,328		37,262		47,590		(18,245		)	1973	Jun-00	3-30
Canyon Oaks	250	San Ramon, CA	27,059		19,088		44,473		2,845		19,088		47,318		66,406		(15,836		)	2005	May-07	3-30
Carmel Creek	348	San Diego, CA	63,142		26,842		107,368		3,952		26,842		111,320		138,162		(11,480		)	2000	Apr-14	5-30
City View	572	Hayward, CA	61,761		9,883		37,670		24,081		10,350		61,284		71,634		(41,530		)	1975	Mar-98	3-30
Courtyard off Main	110	Bellevue, WA	15,133		7,465		21,405		3,467		7,465		24,872		32,337		(5,651		)	2000	Oct-10	3-30
Domaine	92	Seattle, WA	14,597		9,059		27,177		830		9,059		28,007		37,066		(4,152		)	2009	Sep-12	3-30
Elevation	158	Redmond, WA	10,697		4,758		14,285		5,961		4,757		20,247		25,004		(6,425		)	1986	Jun-10	3-30
Ellington	220	Bellevue, WA	21,497		15,066		45,249		2,170		15,066		47,419		62,485		(3,879		)	1994	Jul-14	3-30
Fairhaven Apartments	164	Santa Ana, CA	15,761		2,626		10,485		6,622		2,957		16,776		19,733		(8,593		)	1970	Nov-01	3-30
Form 15	242	San Diego, CA	47,442		24,510		72,221		4,513		25,540		75,704		101,244		(2,120		)	2014	Mar-16	3-30
Foster's Landing	490	Foster City, CA	97,220		61,714		144,000		7,016		61,714		151,016		212,730		(15,886		)	1987	Apr-14	5-30
Fountains at River Oaks	226	San Jose, CA	32,118		26,046		60,773		3,229		26,046		64,002		90,048		(6,363		)	1990	Apr-14	3-30
Fountain Park	705	Playa Vista, CA	82,435		25,073		94,980		30,967		25,203		125,817		151,020		(59,294		)	2002	Feb-04	3-30
Hampton Place/Hampton Court	215	Glendale, CA	19,833		6,695		16,753		19,093		6,733		35,808		42,541		(15,684		)	1970	Jun-99	3-30
Hidden Valley	324	Simi Valley, CA	29,295		14,174		34,065		3,373		9,674		41,938		51,612		(17,484		)	2004	Dec-04	3-30
Highlands at Wynhaven	333	Issaquah, WA	30,901		16,271		48,932		9,533		16,271		58,465		74,736		(18,290		)	2000	Aug-08	3-30
Highridge	255	Rancho Palos Verdes, CA	69,202		5,419		18,347		29,991		6,073		47,684		53,757		(30,084		)	1972	May-97	3-30
Hillcrest Park	608	Newbury Park, CA	64,211		15,318		40,601		18,880		15,755		59,044		74,799		(34,815		)	1973	Mar-98	3-30
Huntington Breakers	342	Huntington Beach, CA	35,943		9,306		22,720		18,651		9,315		41,362		50,677		(22,606		)	1984	Oct-97	3-30
Inglenook Court	224	Bothell, WA	8,194		3,467		7,881		7,159		3,474		15,033		18,507		(11,373		)	1985	Oct-94	3-30
1000 Kiely	121	Santa Clara, CA	48,414		9,359		21,845		7,268		9,359		29,113		38,472		(7,266		)	1971	Mar-11	3-30
Magnolia Square/Magnolia Lane (2)	188	Sunnyvale, CA	52,175		8,190		24,736		15,223		8,191		39,958		48,149		(15,672		)	1963	Sep-07	3-30
Mill Creek at Windermere	400	San Ramon, CA	46,414		29,551		69,032		3,935		29,551		72,967		102,518		(23,405		)	2005	Sep-07	3-30
Mirabella	188	Marina Del Rey, CA	42,544		6,180		26,673		14,474		6,270		41,057		47,327		(21,140		)	2000	May-00	3-30
Montanosa	472	San Diego, CA	61,972		26,697		106,787		3,280		26,697		110,067		136,764		(11,271		)	1990	Apr-14	5-30

									Costs
					Initial cost				capitalized		Gross amount carried at close of period
	Apartment						Buildings and		subsequent to		Land and		Buildings and				Accumulated			Date of	Date	Lives
Property	Homes	Location	Encumbrance		Land		improvements		acquisition		improvements		improvements		Total (1)		depreciation			construction	acquired	(years)
Montclaire	390	Sunnyvale, CA	44,122		4,842		19,776		21,476		4,997		41,097		46,094		(35,665		)	1973	Dec-88	3-30
Montebello	248	Kirkland, WA	26,475		13,857		41,575		4,077		13,858		45,651		59,509		(7,791		)	1996	Jul-12	3-30
Montejo Apartments	124	Garden Grove, CA	11,939		1,925		7,685		3,173		2,194		10,589		12,783		(5,420		)	1974	Nov-01	3-30
Park Highland	250	Bellevue, WA	26,617		9,391		38,224		10,626		9,391		48,850		58,241		(5,230		)	1993	Apr-14	5-30
Park Hill at Issaquah	245	Issaquah, WA	27,224		7,284		21,937		6,769		7,284		28,706		35,990		(11,712		)	1999	Feb-99	3-30
Pathways at Bixby Village	296	Long Beach, CA	35,673		4,083		16,757		19,526		6,239		34,127		40,366		(27,669		)	1975	Feb-91	3-30
Piedmont	396	Bellevue, WA	45,454		19,848		59,606		9,087		19,848		68,693		88,541		(6,386		)	1969	May-14	3-30
Pinnacle at Fullerton	192	Fullerton, CA	26,804		11,019		45,932		1,699		11,019		47,631		58,650		(4,847		)	2004	Apr-14	5-30
Pinnacle on Lake Washington	180	Renton, WA	18,078		7,760		31,041		755		7,760		31,796		39,556		(3,245		)	2001	Apr-14	5-30
Pinnacle at MacArthur Place	253	Santa Ana, CA	38,538		15,810		66,401		2,115		15,810		68,516		84,326		(6,945		)	2002	Apr-14	5-30
Pinnacle at Otay Ranch I & II	364	Chula Vista, CA	40,069		17,023		68,093		2,561		17,023		70,654		87,677		(7,157		)	2001	Apr-14	5-30
Pinnacle at Talega	362	San Clemente, CA	44,804		19,292		77,168		1,576		19,292		78,744		98,036		(8,014		)	2002	Apr-14	5-30
Stevenson Place	200	Fremont, CA	20,628		996		5,582		10,694		1,001		16,271		17,272		(11,105		)	1975	Apr-00	3-30
Summerhill Park	100	Sunnyvale, CA	12,793		2,654		4,918		10,432		2,656		15,348		18,004		(7,221		)	1988	Sep-88	3-30
The Audrey at Belltown	137	Seattle, WA	21,279		9,228		36,911		423		9,228		37,334		46,562		(3,761		)	1992	Apr-14	5-30
The Barkley (3)	161	Anaheim, CA	15,666		—		8,520		5,984		2,353		12,151		14,504		(6,678		)	1984	Apr-00	3-30
The Bernard	63	Seattle, WA	8,841		3,699		11,345		384		3,689		11,739		15,428		(2,136		)	2008	Sep-11	3-30
The Dylan	184	West Hollywood, CA	59,866		19,984		82,286		405		19,984		82,691		102,675		(5,863		)	2015	Mar-15	3-30
The Elliot at Mukilteo	301	Mukilteo, WA	10,639		2,498		10,595		15,308		2,824		25,577		28,401		(16,550		)	1981	Jan-97	3-30
The Huntington	276	Huntington Beach, CA	29,861		10,374		41,495		4,191		10,374		45,686		56,060		(7,652		)	1975	Jun-12	3-30
The Huxley	187	West Hollywood, CA	54,501		19,362		75,641		770		19,362		76,411		95,773		(5,537		)	2014	Mar-15	3-30
The Landing at Jack London Square	282	Oakland, CA	53,055		33,554		78,292		4,246		33,554		82,538		116,092		(8,759		)	2001	Apr-14	5-30
The Palisades	192	Bellevue, WA	19,752		1,560		6,242		12,093		1,565		18,330		19,895		(15,115		)	1977	May-90	3-30
The Palms at Laguna Niguel	460	Laguna Niguel, CA	55,441		23,584		94,334		3,393		23,584		97,727		121,311		(9,922		)	1988	Apr-14	5-30
The Waterford	238	San Jose, CA	30,240		11,808		24,500		14,172		15,165		35,315		50,480		(19,053		)	2000	Jun-00	3-30
Tierra Vista	404	Oxnard, CA	52,715		13,652		53,336		4,595		13,661		57,922		71,583		(25,300		)	2001	Jan-01	3-30
Valley Park	160	Fountain Valley, CA	21,530		3,361		13,420		5,545		3,761		18,565		22,326		(9,050		)	1969	Nov-01	3-30
Villa Angelina	256	Placentia, CA	24,723		4,498		17,962		6,808		4,962		24,306		29,268		(12,185		)	1970	Nov-01	3-30
Villa Granada	270	Santa Clara, CA	58,828		38,299		89,365		1,059		38,299		90,424		128,723		(9,193		)	2010	Apr-14	5-30
Wandering Creek	156	Kent, WA	5,224		1,285		4,980		3,981		1,296		8,950		10,246		(6,767		)	1986	Nov-95	3-30
Wilshire Promenade	149	Fullerton, CA	16,924		3,118		7,385		7,984		3,797		14,690		18,487		(9,114		)	1992	Jan-97	3-30
	16,620		$	2,191,481	$	794,369	$	2,564,810	$	529,149	$	807,080	$	3,081,248	$	3,888,328	$	(848,327	)

									Costs
					Initial cost				capitalized		Gross amount carried at close of period
	Apartment						Buildings and		subsequent to		Land and		Buildings and				Accumulated			Date of	Date	Lives
Property	Homes	Location	Encumbrance		Land		improvements		acquisition		improvements		improvements		Total (1)		depreciation			construction	acquired	(years)
Unencumbered Communities
8th & Hope	290	Los Angeles, CA	$	—	$	29,279	$	169,350	$	1,746	$	29,279	$	171,096	$	200,375	$	(11,991	)	2014	Feb-15	3-30
Alessio	624	Los Angeles, CA	—		32,136		128,543		4,416		32,136		132,959		165,095		(13,779		)	2001	Apr-14	5-30
Allegro	97	Valley Village, CA	—		5,869		23,977		1,811		5,869		25,788		31,657		(7,554		)	2010	Oct-10	3-30
Allure at Scripps Ranch	194	San Diego, CA	—		11,923		47,690		862		11,923		48,552		60,475		(4,885		)	2002	Apr-14	5-30
Alpine Village	301	Alpine, CA	—		4,967		19,728		7,285		4,982		26,998		31,980		(12,764		)	1971	Dec-02	3-30
Anavia	250	Anaheim, CA	—		15,925		63,712		7,262		15,925		70,974		86,899		(14,512		)	2009	Dec-10	3-30
Annaliese	56	Seattle, WA	—		4,727		14,229		426		4,726		14,656		19,382		(1,977		)	2009	Jan-13	3-30
Apex	366	Milpitas, CA	—		44,240		103,251		1,685		44,240		104,936		149,176		(8,143		)	2014	Aug-14	3-30
Aqua Marina Del Rey	500	Marina Del Rey, CA	—		58,442		175,326		8,039		58,442		183,365		241,807		(19,062		)	2001	Apr-14	5-30
Ascent	90	Kirkland, WA	—		3,924		11,862		1,726		3,924		13,588		17,512		(2,335		)	1988	Oct-12	3-30
Ashton Sherman Village	264	Los Angeles, CA	—		23,550		93,811		12		23,550		93,823		117,373		(136		)	2014	Dec-16	3-30
Avant	440	Los Angeles, CA	—		32,379		137,940		593		32,379		138,533		170,912		(6,522		)	2014	Jun-15	3-30
Avenue 64	224	Emeryville, CA	—		27,235		64,403		13,349		27,235		77,752		104,987		(7,074		)	2007	Apr-14	5-30
Aviara (4)	166	Mercer Island, WA	—		—		49,813		498		—		50,311		50,311		(5,693		)	2013	Apr-14	5-30
Axis 2300	115	Irvine, CA	—		5,405		33,585		1,287		5,405		34,872		40,277		(9,957		)	2010	Aug-10	3-30
Bella Villagio	231	San Jose, CA	—		17,247		40,343		2,544		17,247		42,887		60,134		(9,707		)	2004	Sep-10	3-30
Bellerive	63	Los Angeles, CA	—		5,401		21,803		856		5,401		22,659		28,060		(5,427		)	2011	Aug-11	3-30
Belmont Terrace	71	Belmont, CA	—		4,446		10,290		5,181		4,473		15,444		19,917		(6,223		)	1974	Oct-06	3-30
Bennett Lofts	165	San Francisco, CA	—		21,771		50,800		27,370		28,371		71,570		99,941		(10,291		)	2004	Dec-12	3-30
Bernardo Crest	216	San Diego, CA	—		10,802		43,209		2,263		10,802		45,472		56,274		(4,633		)	1988	Apr-14	5-30
Bonita Cedars	120	Bonita, CA	—		2,496		9,913		2,842		2,503		12,748		15,251		(6,100		)	1983	Dec-02	3-30
Boulevard	172	Fremont, CA	—		3,520		8,182		11,391		3,580		19,513		23,093		(14,961		)	1978	Jan-96	3-30
Bridle Trails	108	Kirkland, WA	—		1,500		5,930		5,622		1,531		11,521		13,052		(7,672		)	1986	Oct-97	3-30
Brighton Ridge	264	Renton, WA	—		2,623		10,800		4,523		2,656		15,290		17,946		(10,385		)	1986	Dec-96	3-30
Bristol Commons	188	Sunnyvale, CA	—		5,278		11,853		8,069		5,293		19,907		25,200		(11,273		)	1989	Jan-95	3-30
416 on Broadway	115	Glendale, CA	—		8,557		34,235		2,111		8,557		36,346		44,903		(8,028		)	2009	Dec-10	3-30
Bunker Hill	456	Los Angeles, CA	—		11,498		27,871		63,985		11,639		91,715		103,354		(32,678		)	1968	Mar-98	3-30
Camarillo Oaks	564	Camarillo, CA	—		10,953		25,254		5,444		11,075		30,576		41,651		(20,556		)	1985	Jul-96	3-30
Cambridge Park	320	San Diego, CA	—		18,185		72,739		1,619		18,185		74,358		92,543		(7,679		)	1998	Apr-14	5-30
Camino Ruiz Square	159	Camarillo, CA	—		6,871		26,119		1,567		6,931		27,626		34,557		(9,542		)	1990	Dec-06	3-30

						Costs
				Initial cost		capitalized	Gross amount carried at close of period
	Apartment				Buildings and	subsequent to	Land and	Buildings and		Accumulated		Date of	Date	Lives
Property	Homes	Location	Encumbrance	Land	improvements	acquisition	improvements	improvements	Total (1)	depreciation		construction	acquired	(years)
Canyon Pointe	250	Bothell, WA	—	4,692	18,288	6,623	4,693	24,910	29,603	(11,707	)	1990	Oct-03	3-30
Capri at Sunny Hills	102	Fullerton, CA	—	3,337	13,320	8,626	4,048	21,235	25,283	(11,437	)	1961	Sep-01	3-30
Carmel Landing	356	San Diego, CA	—	16,725	66,901	3,866	16,725	70,767	87,492	(7,321	)	1989	Apr-14	5-30
Carmel Summit	246	San Diego, CA	—	14,968	59,871	2,007	14,968	61,878	76,846	(6,271	)	1989	Apr-14	5-30
Castle Creek	216	Newcastle, WA	—	4,149	16,028	3,066	4,833	18,410	23,243	(12,291	)	1998	Dec-98	3-30
Catalina Gardens	128	Los Angeles, CA	—	6,714	26,856	710	6,714	27,566	34,280	(2,811	)	1987	Apr-14	5-30
CBC Apartments & The Sweeps	239	Goleta, CA	—	11,841	45,320	5,848	11,906	51,103	63,009	(21,004	)	1962	Jan-06	3-30
Cedar Terrace	180	Bellevue, WA	—	5,543	16,442	5,457	5,652	21,790	27,442	(9,597	)	1984	Jan-05	3-30
CentrePointe	224	San Diego, CA	—	3,405	7,743	20,221	3,442	27,927	31,369	(13,724	)	1974	Jun-97	3-30
Chestnut Street Apartments	96	Santa Cruz, CA	—	6,582	15,689	1,387	6,582	17,076	23,658	(5,165	)	2002	Jul-08	3-30
Collins on Pine	76	Seattle, WA	—	7,276	22,226	179	7,276	22,405	29,681	(1,973	)	2013	May-14	3-30
Corbella at Juanita Bay	169	Kirkland, WA	—	5,801	17,415	2,368	5,801	19,783	25,584	(4,515	)	1978	Nov-10	3-30
Cortesia	308	Rancho Santa Margarita, CA	—	13,912	55,649	1,103	13,912	56,752	70,664	(5,799	)	1999	Apr-14	5-30
Country Villas	180	Oceanside, CA	—	4,174	16,583	3,902	4,187	20,472	24,659	(10,111	)	1976	Dec-02	3-30
Crow Canyon	400	San Ramon, CA	—	37,579	87,685	3,158	37,579	90,843	128,422	(9,277	)	1992	Apr-14	5-30
Deer Valley	171	San Rafael, CA	—	21,478	50,116	1,629	21,478	51,745	73,223	(5,335	)	1996	Apr-14	5-30
Delano	126	Redmond, WA	—	7,470	22,511	1,056	7,470	23,567	31,037	(4,127	)	2005	Dec-11	3-30
Devonshire	276	Hemet, CA	—	3,470	13,786	3,685	3,482	17,459	20,941	(8,659	)	1988	Dec-02	3-30
Domain	379	San Diego, CA	—	23,848	95,394	1,141	23,848	96,535	120,383	(10,174	)	2013	Nov-13	3-30
Emerald Pointe	160	Diamond Bar, CA	—	8,458	33,832	1,203	8,458	35,035	43,493	(3,605	)	1989	Apr-14	5-30
Emerald Ridge	180	Bellevue, WA	—	3,449	7,801	4,937	3,449	12,738	16,187	(8,907	)	1987	Nov-94	3-30
Emerson Valley Village	144	Los Angeles, CA	—	13,378	53,240	9	13,378	53,249	66,627	(77	)	2012	Dec-16	3-30
Enso	183	San Jose, CA	—	21,397	71,135	858	21,397	71,993	93,390	(2,637	)	2014	Dec-15	3-30
Esplanade	278	San Jose, CA	—	18,170	40,086	11,222	18,429	51,049	69,478	(21,749	)	2002	Apr-04	3-30
Essex Skyline	349	Santa Ana, CA	—	21,537	146,099	4,587	21,537	150,686	172,223	(24,175	)	2008	Apr-10	3-30
Evergreen Heights	200	Kirkland, WA	—	3,566	13,395	4,936	3,649	18,248	21,897	(11,867	)	1990	Jun-97	3-30
Fairway Apartments at Big Canyon (5)	74	Newport Beach, CA	—	—	7,850	7,136	9	14,977	14,986	(8,513	)	1972	Jun-99	3-28
Fairwood Pond	194	Renton, WA	—	5,296	15,564	2,784	5,297	18,347	23,644	(8,155	)	1997	Oct-04	3-30
Foothill Commons	394	Bellevue, WA	—	2,435	9,821	38,221	2,440	48,037	50,477	(34,450	)	1978	Mar-90	3-30
Foothill Gardens/Twin Creeks	176	San Ramon, CA	—	5,875	13,992	8,902	5,964	22,805	28,769	(13,660	)	1985	Feb-97	3-30
Forest View	192	Renton, WA	—	3,731	14,530	2,101	3,731	16,631	20,362	(7,661	)	1998	Oct-03	3-30

						Costs
				Initial cost		capitalized	Gross amount carried at close of period
	Apartment				Buildings and	subsequent to	Land and	Buildings and		Accumulated		Date of	Date	Lives
Property	Homes	Location	Encumbrance	Land	improvements	acquisition	improvements	improvements	Total (1)	depreciation		construction	acquired	(years)
Fountain Court	320	Seattle, WA	—	6,702	27,306	10,809	6,585	38,232	44,817	(21,314	)	2000	Mar-00	3-30
Fourth & U	171	Berkeley, CA	—	8,879	52,351	2,621	8,879	54,972	63,851	(13,809	)	2010	Apr-10	3-30
Fox Plaza	443	San Francisco, CA	—	39,731	92,706	18,477	39,731	111,183	150,914	(15,448	)	1968	Feb-13	3-30
Hillsdale Garden	697	San Mateo, CA	—	22,000	94,681	21,533	22,000	116,214	138,214	(44,137	)	1948	Sep-06	3-30
Hope Ranch	108	Santa Barbara, CA	—	4,078	16,877	2,675	4,208	19,422	23,630	(6,308	)	1965	Mar-07	3-30
Joule	295	Seattle, WA	—	14,558	69,417	3,849	14,558	73,266	87,824	(18,880	)	2010	Mar-10	3-30
Kings Road	196	Los Angeles, CA	—	4,023	9,527	12,514	4,031	22,033	26,064	(12,625	)	1979	Jun-97	3-30
Lafayette Highlands	150	Lafayette, CA	—	17,774	41,473	851	17,774	42,324	60,098	(4,330	)	1973	Apr-14	5-30
Lakeshore Landing	308	San Mateo, CA	—	38,155	89,028	4,172	38,155	93,200	131,355	(10,025	)	1988	Apr-14	5-30
Laurels at Mill Creek	164	Mill Creek, WA	—	1,559	6,430	5,701	1,595	12,095	13,690	(8,373	)	1981	Dec-96	3-30
Lawrence Station	336	Sunnyvale, CA	—	45,532	106,735	517	45,532	107,252	152,784	(13,299	)	2012	Apr-14	5-30
Le Parc	140	Santa Clara, CA	—	3,090	7,421	11,503	3,092	18,922	22,014	(13,388	)	1975	Feb-94	3-30
Marbrisa	202	Long Beach, CA	—	4,700	18,605	7,913	4,760	26,458	31,218	(12,247	)	1987	Sep-02	3-30
Marina City Club (6)	101	Marina Del Rey, CA	—	—	28,167	42,537	—	70,704	70,704	(20,352	)	1971	Jan-04	3-30
Marina Cove (7)	292	Santa Clara, CA	—	5,320	16,431	13,464	5,324	29,891	35,215	(20,354	)	1974	Jun-94	3-30
Mariner's Place	105	Oxnard, CA	—	1,555	6,103	2,218	1,562	8,314	9,876	(4,954	)	1987	May-00	3-30
MB 360	360	San Francisco, CA	—	21,421	114,376	121,769	42,001	215,565	257,566	(12,003	)	2014	Apr-14	3-30
Mesa Village	133	Clairemont, CA	—	1,888	7,498	1,501	1,894	8,993	10,887	(4,323	)	1963	Dec-02	3-30
Mio	103	San Jose, CA	—	11,012	39,982	182	11,012	40,164	51,176	(1,363	)	2015	Jan-16	3-30
Mira Monte	354	Mira Mesa, CA	—	7,165	28,459	9,962	7,186	38,400	45,586	(20,783	)	1982	Dec-02	3-30
Miracle Mile/Marbella	236	Los Angeles, CA	—	7,791	23,075	13,759	7,886	36,739	44,625	(22,818	)	1988	Aug-97	3-30
Mission Hills	282	Oceanside, CA	—	10,099	38,778	5,762	10,167	44,472	54,639	(18,507	)	1984	Jul-05	3-30
Mission Peaks	453	Fremont, CA	—	46,499	108,498	2,168	46,499	110,666	157,165	(11,305	)	1995	Apr-14	5-30
Mission Peaks II	336	Fremont, CA	—	31,429	73,334	3,170	31,429	76,504	107,933	(7,962	)	1989	Apr-14	5-30
Monterey Villas	122	Oxnard, CA	—	2,349	5,579	6,117	2,424	11,621	14,045	(6,834	)	1974	Jul-97	3-30
Muse	152	North Hollywood, CA	—	7,822	33,436	2,457	7,823	35,892	43,715	(9,961	)	2011	Feb-11	3-30
Museum Park	117	San Jose, CA	—	13,864	32,348	934	13,864	33,282	47,146	(3,438	)	2002	Apr-14	5-30
Paragon Apartments	301	Fremont, CA	—	32,230	77,320	589	32,230	77,909	110,139	(6,431	)	2013	Jul-14	3-30
Park Catalina	90	Los Angeles, CA	—	4,710	18,839	2,785	4,710	21,624	26,334	(3,739	)	2002	Jun-12	3-30
Park Viridian	320	Anaheim, CA	—	15,894	63,574	1,727	15,894	65,301	81,195	(6,673	)	2008	Apr-14	5-30
Park West	126	San Francisco, CA	—	9,424	21,988	11,278	9,424	33,266	42,690	(5,609	)	1958	Sep-12	3-30
Parkwood at Mill Creek	240	Mill Creek, WA	—	10,680	42,722	1,896	10,680	44,618	55,298	(4,667	)	1989	Apr-14	5-30

						Costs
				Initial cost		capitalized		Gross amount carried at close of period
	Apartment				Buildings and	subsequent to		Land and	Buildings and		Accumulated		Date of	Date	Lives
Property	Homes	Location	Encumbrance	Land	improvements	acquisition		improvements	improvements	Total (1)	depreciation		construction	acquired	(years)
Pinehurst (8)	28	Ventura, CA	—	—	1,711	519		6	2,224	2,230	(1,344	)	1973	Dec-04	3-24
Pinnacle Sonata	268	Bothell, WA	—	14,647	58,586	1,911		14,647	60,497	75,144	(6,089	)	2000	Apr-14	5-30
Pointe at Cupertino	116	Cupertino, CA	—	4,505	17,605	11,631		4,505	29,236	33,741	(13,938	)	1963	Aug-98	3-30
Radius	264	Redwood City, CA	—	11,702	152,336	(39	)	11,702	152,297	163,999	(14,159	)	2015	Apr-14	3-30
Reed Square	100	Sunnyvale, CA	—	6,873	16,037	7,788		6,873	23,825	30,698	(5,865	)	1970	Jan-12	3-30
Regency at Encino	75	Encino, CA	—	3,184	12,737	3,066		3,184	15,803	18,987	(4,623	)	1989	Dec-09	3-30
Renaissance at Uptown Orange	460	Orange, CA	—	27,870	111,482	3,165		27,870	114,647	142,517	(11,618	)	2007	Apr-14	5-30
Reveal	438	Woodland Hills, CA	—	25,073	121,314	854		25,073	122,168	147,241	(8,165	)	2010	Apr-15	3-30
Salmon Run at Perry Creek	132	Bothell, WA	—	3,717	11,483	1,781		3,801	13,180	16,981	(7,106	)	2000	Oct-00	3-30
Sammamish View	153	Bellevue, WA	—	3,324	7,501	6,497		3,331	13,991	17,322	(11,078	)	1986	Nov-94	3-30
101 San Fernando	323	San Jose, CA	—	4,173	58,961	9,052		4,173	68,013	72,186	(16,920	)	2001	Jul-10	3-30
San Marcos	432	Richmond, CA	—	15,563	36,204	28,870		22,866	57,771	80,637	(26,023	)	2003	Nov-03	3-30
Santee Court/Santee Village	238	Los Angeles, CA	—	9,581	40,317	4,935		9,582	45,251	54,833	(10,633	)	2004	Oct-10	3-30
Shadow Point	172	Spring Valley, CA	—	2,812	11,170	2,818		2,820	13,980	16,800	(6,781	)	1983	Dec-02	3-30
Shadowbrook	418	Redmond, WA	—	19,292	77,168	3,028		19,292	80,196	99,488	(8,197	)	1986	Apr-14	5-30
Slater 116	108	Kirkland, WA	—	7,379	22,138	540		7,379	22,678	30,057	(2,621	)	2013	Sep-13	3-30
Solstice	280	Sunnyvale, CA	—	34,444	147,262	4,404		34,444	151,666	186,110	(17,915	)	2014	Apr-14	5-30
Stonehedge Village	196	Bothell, WA	—	3,167	12,603	5,889		3,201	18,458	21,659	(12,004	)	1986	Oct-97	3-30
Summit Park	300	San Diego, CA	—	5,959	23,670	5,523		5,977	29,175	35,152	(14,340	)	1972	Dec-02	3-30
Taylor 28	197	Seattle, WA	—	13,915	57,700	648		13,915	58,348	72,263	(5,840	)	2008	Apr-14	5-30
The Avery	121	Los Angeles, CA	—	6,964	29,922	105		6,964	30,027	36,991	(2,793	)	2014	Mar-14	3-30
The Cairns	100	Seattle, WA	—	6,937	20,679	1,195		6,939	21,872	28,811	(7,191	)	2006	Jun-07	3-30
The Commons	264	Campbell, CA	—	12,555	29,307	5,378		12,556	34,684	47,240	(9,005	)	1973	Jul-10	3-30
The Grand	243	Oakland, CA	—	4,531	89,208	5,646		4,531	94,854	99,385	(27,586	)	2009	Jan-09	3-30
The Hallie	292	Pasadena, CA	—	2,202	4,794	51,281		8,385	49,892	58,277	(21,785	)	1972	Apr-97	3-30
The Lofts at Pinehurst	118	Ventura, CA	—	1,570	3,912	4,648		1,618	8,512	10,130	(4,933	)	1971	Jun-97	3-30
The Stuart	188	Pasadena, CA	—	13,574	54,298	1,857		13,574	56,155	69,729	(5,919	)	2007	Apr-14	5-30
The Trails of Redmond	423	Redmond, WA	—	21,930	87,720	2,992		21,930	90,712	112,642	(9,312	)	1985	Apr-14	5-30
Tiffany Court	101	Los Angeles, CA	—	6,949	27,796	906		6,949	28,702	35,651	(2,902	)	1987	Apr-14	5-30
Trabuco Villas	132	Lake Forest, CA	—	3,638	8,640	2,707		3,890	11,095	14,985	(7,091	)	1985	Oct-97	3-30
Via	284	Sunnyvale, CA	—	22,000	82,270	1,792		22,016	84,046	106,062	(19,028	)	2011	Jul-11	3-30
Villa Siena	272	Costa Mesa, CA	—	13,842	55,367	3,627		13,842	58,994	72,836	(5,937	)	1974	Apr-14	5-30

									Costs
					Initial cost				capitalized		Gross amount carried at close of period
	Apartment						Buildings and		subsequent to		Land and		Buildings and				Accumulated			Date of	Date	Lives
Property	Homes	Location	Encumbrance		Land		improvements		acquisition		improvements		improvements		Total (1)		depreciation			construction	acquired	(years)
Village Green	272	La Habra, CA	—		6,488		36,768		2,820		6,488		39,588		46,076		(4,132		)	1971	Apr-14	5-30
Vista Belvedere	76	Tiburon, CA	—		5,573		11,901		8,205		5,573		20,106		25,679		(8,793		)	1963	Aug-04	3-30
Vox Apartments	58	Seattle, WA	—		5,545		16,635		79		5,545		16,714		22,259		(1,802		)	2013	Oct-13	3-30
Walnut Heights	163	Walnut, CA	—		4,858		19,168		4,269		4,887		23,408		28,295		(10,501		)	1964	Oct-03	3-30
Wharfside Pointe	155	Seattle, WA	—		2,245		7,020		11,286		2,258		18,293		20,551		(11,308		)	1990	Jun-94	3-30
Willow Lake	508	San Jose, CA	—		43,194		101,030		9,603		43,194		110,633		153,827		(17,032		)	1989	Oct-12	3-30
5600 Wilshire	284	Los Angeles, CA	—		30,535		91,604		1,004		30,535		92,608		123,143		(9,435		)	2008	Apr-14	5-30
Wilshire La Brea	478	Los Angeles, CA	—		56,932		211,998		7,368		56,932		219,366		276,298		(25,646		)	2014	Apr-14	5-30
Windsor Ridge	216	Sunnyvale, CA	—		4,017		10,315		15,508		4,021		25,819		29,840		(17,389		)	1989	Mar-89	3-30
Woodland Commons	302	Bellevue, WA	—		2,040		8,727		22,031		2,044		30,754		32,798		(16,605		)	1978	Mar-90	3-30
Woodside Village	145	Ventura, CA	—		5,331		21,036		3,751		5,341		24,777		30,118		(10,673		)	1987	Dec-04	3-30
	31,481		$	—	$	1,693,968	$	6,072,893	$	977,660	$	1,738,155	$	7,006,366	$	8,744,521	$	(1,446,609	)

									Costs
					Initial cost				capitalized		Gross amount carried at close of period
	Square						Buildings and		subsequent		Land and		Buildings and				Accumulated			Date of	Date	Lives
Property	Footage	Location	Encumbrance		Land		improvements		to acquisition		improvements		improvements		Total(1)		depreciation			construction	acquired	(years)
Other real estate assets
Hollywood	34,000	Los Angeles, CA	$	—	$	10,200	$	13,800	$	14	$	10,200	$	13,814	$	24,014	$	(3,934	)	1938	Jul-06	3-30
Derian Office Building	106,564	Irvine, CA	—		3,079		12,315		4,049		4,308		15,135		19,443		(12,676		)	1983	Jul-00	3-30
	140,564		$	—	$	13,279	$	26,115	$	4,063	$	14,508	$	28,949	$	43,457	$	(16,610	)
Total			$	2,191,481	$	2,501,616	$	8,663,818	$	1,510,872	$	2,559,743	$	10,116,563	$	12,676,306	$	(2,311,546	)

(1) The aggregate cost for federal income tax purposes is approximately $10.0 billion (unaudited).

(2) A portion of land is leased pursuant to a ground lease expiring 2070.

(3) The land is leased pursuant to a ground lease expiring 2082.

(4) The land is leased pursuant to a ground lease expiring 2070.

(5) The land is leased pursuant to a ground lease expiring 2027.

(6) The land is leased pursuant to a ground lease expiring 2067.

(7) A portion of land is leased pursuant to a ground lease expiring in 2028.

(8) The land is leased pursuant to a ground lease expiring in 2028.

A summary of activity for rental properties and accumulated depreciation is as follows:

	2016			2015			2014				2016			2015			2014
Rental properties:										Accumulated depreciation:
Balance at beginning of year	$	12,331,469		$	11,244,681		$	5,443,757		Balance at beginning of year	$	1,949,892		$	1,564,806		$	1,254,886
Acquisition, development, and improvement of real estate (1) (2)	609,669			1,333,102			5,833,617			Depreciation expense (1)	432,165			402,687			320,921
Disposition of real estate and other	(264,832		)	(246,314		)	(32,693		)	Depreciation expense - Disposals and other	(70,511		)	(17,601		)	(11,001		)
Balance at the end of year	$	12,676,306		$	12,331,469		$	11,244,681		Balance at the end of year	$	2,311,546		$	1,949,892		$	1,564,806

(1) Reclassifications have been made in prior periods to conform to the current year's presentation.

(2) Amount for 2014 includes $5.2 billion related to BRE merger.