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Organization and Basis of Presentation (Tables)
 3 Months Ended
Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of marketable securities
As of March 31, 2017 and December 31, 2016, marketable securities consist of the following ($ in thousands):

 
March 31, 2017
 
Amortized
Cost
 
Gross
Unrealized
Gain (Loss)
 
Carrying Value
Available for sale:
 
 
 
 
 
Investment-grade unsecured bonds
$
13,540

 
$
99

 
$
13,639

Investment funds - U.S. treasuries
10,273

 
(24
)
 
10,249

Common stock and stock funds
17,147

 
(27
)
 
17,120

Held to maturity:
 

 
 

 
 

Mortgage backed securities
97,969

 
—

 
97,969

Total - Marketable securities
$
138,929

 
$
48

 
$
138,977

 
 
 
 
 
 
 
December 31, 2016
 
Amortized
Cost
 
Gross
Unrealized
Gain (Loss)
 
Carrying Value
Available for sale:
 

 
 

 
 

Investment-grade unsecured bonds
$
19,604

 
$
(73
)
 
$
19,531

Investment funds - U.S. treasuries
10,022

 
(22
)
 
10,000

Common stock and stock funds
13,696

 
1,569

 
15,265

Held to maturity:
 

 
 

 
 

Mortgage backed securities
94,393

 
—

 
94,393

Total - Marketable securities
$
137,715

 
$
1,474

 
$
139,189
Changes in accumulated other comprehensive income (loss)
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, 2016
$
(32,963
)
 
$
865

 
$
(32,098
)
Other comprehensive income before reclassification
5,496

 
173

 
5,669

Amounts reclassified from accumulated other comprehensive loss
(1,978
)
 
(1,552
)
 
(3,530
)
Other comprehensive income (loss)
3,518

 
(1,379
)
 
2,139

Balance at March 31, 2017
$
(29,445
)
 
$
(514
)
 
$
(29,959
)

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, 2016
$
(30,161
)
 
$
813

 
$
(29,348
)
Other comprehensive income before reclassification
5,685

 
179

 
5,864

Amounts reclassified from accumulated other comprehensive loss
(2,046
)
 
(1,605
)
 
(3,651
)
Other comprehensive income (loss)
3,639

 
(1,426
)
 
2,213

Balance at March 31, 2017
$
(26,522
)
 
$
(613
)
 
$
(27,135
)
Schedule of changes to the redemption value of noncontrolling interests
The changes to the redemption value of redeemable noncontrolling interests for the three months ended March 31, 2017 is as follows ($ in thousands):

 
2017
Balance at January 1,
$
44,684

Reclassification due to change in redemption value and other
731

Redemptions
—

Additions
—

Balance at March 31,
$
45,415