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Organization and Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of marketable securities
As of June 30, 2017 and December 31, 2016, marketable securities consist of the following ($ in thousands):

 
June 30, 2017
 
Amortized
Cost
 
Gross
Unrealized
Gain (Loss)
 
Carrying Value
Available for sale:
 
 
 
 
 
Investment-grade unsecured bonds
$
18,332

 
$
148

 
$
18,480

Investment funds - U.S. treasuries
7,774

 
(23
)
 
7,751

Common stock and stock funds
23,663

 
418

 
24,081

Held to maturity:
 

 
 

 
 

Mortgage backed securities
101,683

 
—

 
101,683

Total - Marketable securities
$
151,452

 
$
543

 
$
151,995

 
 
 
 
 
 
 
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/(losses) on
available for sale
securities
 
Total
Balance at December 31, 2016
$
(32,963
)
 
$
865

 
$
(32,098
)
Other comprehensive income before reclassification
8,629

 
664

 
9,293

Amounts reclassified from accumulated other comprehensive loss
(3,972
)
 
(1,564
)
 
(5,536
)
Other comprehensive income (loss)
4,657

 
(900
)
 
3,757

Balance at June 30, 2017
$
(28,306
)
 
$
(35
)
 
$
(28,341
)

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/(losses) on
available for sale
securities
 
Total
Balance at December 31, 2016
$
(30,161
)
 
$
813

 
$
(29,348
)
Other comprehensive income before reclassification
8,925

 
687

 
9,612

Amounts reclassified from accumulated other comprehensive loss
(4,108
)
 
(1,618
)
 
(5,726
)
Other comprehensive income (loss)
4,817

 
(931
)
 
3,886

Balance at June 30, 2017
$
(25,344
)
 
$
(118
)
 
$
(25,462
)
Schedule of changes to the redemption value of noncontrolling interests
The changes to the redemption value of redeemable noncontrolling interests for the six months ended June 30, 2017 is as follows ($ in thousands):

 
2017
Balance at January 1,
$
44,684

Reclassification due to change in redemption value and other
1,117

Redemptions
(720
)
Additions
—

Balance at June 30,
$
45,081