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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Rental properties:    
Land and land improvements $ 2,719,064 $ 2,559,743
Buildings and improvements 10,492,413 10,116,563
Total rental properties 13,211,477 12,676,306
Less: accumulated depreciation (2,418,793) (2,311,546)
Net real estate 10,792,684 10,364,760
Real estate under development 239,685 190,505
Co-investments 1,071,258 1,161,275
Real estate held for sale, net 0 101,957
Total real estate 12,103,627 11,818,497
Cash and cash equivalents-unrestricted 84,344 64,921
Cash and cash equivalents-restricted 15,908 105,381
Marketable securities 138,977 139,189
Notes and other receivables (includes related party receivables of $10.3 million and $11.3 million as of March 31, 2017 and December 31, 2016, respectively) 50,855 40,970
Prepaid expenses and other assets 53,716 48,450
Total assets 12,447,427 12,217,408
LIABILITIES AND EQUITY/CAPITAL    
Unsecured debt, net 3,195,129 3,246,779
Mortgage notes payable, net 2,231,145 2,191,481
Lines of credit 176,233 125,000
Accounts payable and accrued liabilities 184,778 138,226
Construction payable 35,590 35,909
Dividends payable 120,573 110,170
Distributions in excess of investments in co-investments 35,534 0
Other liabilities 34,027 32,922
Total liabilities 6,013,009 5,880,487
Commitments and contingencies
Redeemable noncontrolling interest 45,415 44,684
Equity/Capital:    
Common stock; $0.0001 par value, 670,000,000 shares authorized; 65,569,521 and 65,527,993 shares issued and outstanding, respectively 6 6
Additional paid-in capital 7,035,178 7,029,679
Distributions in excess of accumulated earnings (741,204) (805,409)
Accumulated other comprehensive loss, net (29,959) (32,098)
Total stockholders' equity 6,264,021 6,192,178
Noncontrolling interest 124,982 100,059
Total equity 6,389,003 6,292,237
Total liabilities and equity/capital 12,447,427 12,217,408
Essex Portfolio, L.P. [Member]    
Rental properties:    
Land and land improvements 2,719,064 2,559,743
Buildings and improvements 10,492,413 10,116,563
Total rental properties 13,211,477 12,676,306
Less: accumulated depreciation (2,418,793) (2,311,546)
Net real estate 10,792,684 10,364,760
Real estate under development 239,685 190,505
Co-investments 1,071,258 1,161,275
Real estate held for sale, net 0 101,957
Total real estate 12,103,627 11,818,497
Cash and cash equivalents-unrestricted 84,344 64,921
Cash and cash equivalents-restricted 15,908 105,381
Marketable securities 138,977 139,189
Notes and other receivables (includes related party receivables of $10.3 million and $11.3 million as of March 31, 2017 and December 31, 2016, respectively) 50,855 40,970
Prepaid expenses and other assets 53,716 48,450
Total assets 12,447,427 12,217,408
LIABILITIES AND EQUITY/CAPITAL    
Unsecured debt, net 3,195,129 3,246,779
Mortgage notes payable, net 2,231,145 2,191,481
Lines of credit 176,233 125,000
Accounts payable and accrued liabilities 184,778 138,226
Construction payable 35,590 35,909
Dividends payable 120,573 110,170
Distributions in excess of investments in co-investments 35,534 0
Other liabilities 34,027 32,922
Total liabilities 6,013,009 5,880,487
Commitments and contingencies
Redeemable noncontrolling interest 45,415 44,684
Equity/Capital:    
General Partner 6,293,980 6,224,276
Common equity (2,251,920 and 2,237,290 units issued and outstanding, respectively) 51,496 49,436
Accumulated other comprehensive loss, net (27,135) (29,348)
Total partners' capital 6,318,341 6,244,364
Noncontrolling interest 70,662 47,873
Total capital 6,389,003 6,292,237
Total liabilities and equity/capital 12,447,427 12,217,408
Essex Portfolio, L.P. [Member] | General Partner [Member] | Common Equity [Member]    
Equity/Capital:    
General Partner 6,293,980 6,224,276
Total capital $ 6,293,980 $ 6,224,276