SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2017

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	$	42,844	$	10,536	$	24,522	$	21,096	$	10,601	$	45,553	$	56,154	$	(30,410	)	1970	Jan-99	3-30
Bel Air	462	San Ramon, CA	50,386		12,105		18,252		35,236		12,682		52,911		65,593		(33,713		)	1988	Jan-95	3-30
Belcarra	296	Bellevue, WA	50,337		21,725		92,091		1,266		21,725		93,357		115,082		(12,712		)	2009	Apr-14	5-30
BellCentre	248	Bellevue, WA	38,024		16,197		67,207		3,529		16,197		70,736		86,933		(10,053		)	2001	Apr-14	5-30
Belmont Station	275	Los Angeles, CA	29,654		8,100		66,666		6,176		8,267		72,675		80,942		(26,071		)	2009	Mar-09	3-30
Brookside Oaks	170	Sunnyvale, CA	18,152		7,301		16,310		25,695		10,328		38,978		49,306		(20,377		)	1973	Jun-00	3-30
Carmel Creek	348	San Diego, CA	61,009		26,842		107,368		5,271		26,842		112,639		139,481		(16,153		)	2000	Apr-14	5-30
City View	572	Hayward, CA	64,094		9,883		37,670		26,670		10,350		63,873		74,223		(44,300		)	1975	Mar-98	3-30
Courtyard off Main	110	Bellevue, WA	14,846		7,465		21,405		3,757		7,465		25,162		32,627		(6,700		)	2000	Oct-10	3-30
Domaine	92	Seattle, WA	14,029		9,059		27,177		920		9,059		28,097		37,156		(5,183		)	2009	Sep-12	3-30
Elevation	158	Redmond, WA	10,406		4,758		14,285		6,476		4,757		20,762		25,519		(7,508		)	1986	Jun-10	3-30
Ellington	220	Bellevue, WA	20,684		15,066		45,249		3,191		15,066		48,440		63,506		(5,793		)	1994	Jul-14	3-30
Fairhaven Apartments	164	Santa Ana, CA	18,533		2,626		10,485		7,741		2,957		17,895		20,852		(9,600		)	1970	Nov-01	3-30
Form 15	242	San Diego, CA	46,189		24,510		72,221		4,734		25,540		75,925		101,465		(4,850		)	2014	Mar-16	3-30
Foster's Landing	490	Foster City, CA	93,585		61,714		144,000		8,245		61,714		152,245		213,959		(22,269		)	1987	Apr-14	5-30
Fountains at River Oaks	226	San Jose, CA	31,056		26,046		60,773		3,652		26,046		64,425		90,471		(9,116		)	1990	Apr-14	3-30
Fountain Park	705	Playa Vista, CA	82,503		25,073		94,980		31,832		25,203		126,682		151,885		(65,049		)	2002	Feb-04	3-30
Hidden Valley	324	Simi Valley, CA	29,327		14,174		34,065		4,607		9,674		43,172		52,846		(19,168		)	2004	Dec-04	3-30
Highlands at Wynhaven	333	Issaquah, WA	30,240		16,271		48,932		12,255		16,271		61,187		77,458		(21,289		)	2000	Aug-08	3-30
Highridge	255	Rancho Palos Verdes, CA	69,238		5,419		18,347		30,726		6,073		48,419		54,492		(33,537		)	1972	May-97	3-30
Hillcrest Park	608	Newbury Park, CA	62,780		15,318		40,601		19,704		15,755		59,868		75,623		(37,377		)	1973	Mar-98	3-30
Huntington Breakers	342	Huntington Beach, CA	35,192		9,306		22,720		20,267		9,315		42,978		52,293		(25,931		)	1984	Oct-97	3-30
Inglenook Court	224	Bothell, WA	8,216		3,467		7,881		7,588		3,474		15,462		18,936		(12,067		)	1985	Oct-94	3-30
1000 Kiely	121	Santa Clara, CA	34,868		9,359		21,845		7,652		9,359		29,497		38,856		(8,954		)	1971	Mar-11	3-30
Magnolia Square/Magnolia Lane (2)	188	Sunnyvale, CA	52,205		8,190		24,736		16,649		8,191		41,384		49,575		(18,214		)	1963	Sep-07	3-30
Mill Creek at Windermere	400	San Ramon, CA	45,419		29,551		69,032		4,700		29,551		73,732		103,283		(26,212		)	2005	Sep-07	3-30
Mirabella	188	Marina Del Rey, CA	41,509		6,180		26,673		14,952		6,270		41,535		47,805		(22,805		)	2000	May-00	3-30
Montanosa	472	San Diego, CA	61,222		26,697		106,787		4,611		26,697		111,398		138,095		(15,660		)	1990	Apr-14	5-30
Montclaire	390	Sunnyvale, CA	43,261		4,842		19,776		24,901		4,997		44,522		49,519		(37,862		)	1973	Dec-88	3-30
Montebello	248	Kirkland, WA	25,569		13,857		41,575		4,524		13,858		46,098		59,956		(9,729		)	1996	Jul-12	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)
Montejo Apartments	124	Garden Grove, CA	13,196		1,925		7,685		3,871		2,194		11,287		13,481		(5,901		)	1974	Nov-01	3-30
Park Highland	250	Bellevue, WA	25,910		9,391		38,224		11,622		9,391		49,846		59,237		(8,048		)	1993	Apr-14	5-30
Park Hill at Issaquah	245	Issaquah, WA	26,607		7,284		21,937		7,460		7,284		29,397		36,681		(13,241		)	1999	Feb-99	3-30
Pinnacle at Fullerton	192	Fullerton, CA	26,094		11,019		45,932		2,707		11,019		48,639		59,658		(6,843		)	2004	Apr-14	5-30
Pinnacle on Lake Washington	180	Renton, WA	17,794		7,760		31,041		1,880		7,760		32,921		40,681		(4,530		)	2001	Apr-14	5-30
Pinnacle at MacArthur Place	253	Santa Ana, CA	37,726		15,810		66,401		4,039		15,810		70,440		86,250		(9,747		)	2002	Apr-14	5-30
Pinnacle at Otay Ranch I & II	364	Chula Vista, CA	38,649		17,023		68,093		3,245		17,023		71,338		88,361		(10,033		)	2001	Apr-14	5-30
Pinnacle at Talega	362	San Clemente, CA	43,166		19,292		77,168		2,228		19,292		79,396		98,688		(11,091		)	2002	Apr-14	5-30
Sage at Cupertino	230	San Jose, CA	51,938		35,719		53,449		1,495		35,719		54,944		90,663		(1,457		)	1971	Mar-17	3-30
Stevenson Place	200	Fremont, CA	20,247		996		5,582		11,717		1,001		17,294		18,295		(12,155		)	1975	Apr-00	3-30
Summerhill Park	100	Sunnyvale, CA	12,538		2,654		4,918		10,949		2,656		15,865		18,521		(8,777		)	1988	Sep-88	3-30
The Audrey at Belltown	137	Seattle, WA	20,521		9,228		36,911		778		9,228		37,689		46,917		(5,163		)	1992	Apr-14	5-30
The Barkley (3)	161	Anaheim, CA	15,358		—		8,520		6,515		2,353		12,682		15,035		(7,483		)	1984	Apr-00	3-30
The Bernard	63	Seattle, WA	8,531		3,699		11,345		584		3,689		11,939		15,628		(2,587		)	2008	Sep-11	3-30
The Dylan	184	West Hollywood, CA	59,468		19,984		82,286		608		19,990		82,888		102,878		(9,097		)	2015	Mar-15	3-30
The Huntington	276	Huntington Beach, CA	28,799		10,374		41,495		4,741		10,374		46,236		56,610		(9,671		)	1975	Jun-12	3-30
The Huxley	187	West Hollywood, CA	54,155		19,362		75,641		1,033		19,371		76,665		96,036		(8,608		)	2014	Mar-15	3-30
The Landing at Jack London Square	282	Oakland, CA	51,246		33,554		78,292		5,314		33,554		83,606		117,160		(12,370		)	2001	Apr-14	5-30
The Palisades	192	Bellevue, WA	19,338		1,560		6,242		12,709		1,565		18,946		20,511		(16,021		)	1977	May-90	3-30
The Palms at Laguna Niguel	460	Laguna Niguel, CA	54,450		23,584		94,334		6,569		23,584		100,903		124,487		(14,019		)	1988	Apr-14	5-30
The Waterford	238	San Jose, CA	29,760		11,808		24,500		14,581		15,165		35,724		50,889		(20,491		)	2000	Jun-00	3-30
Valley Park	160	Fountain Valley, CA	21,400		3,361		13,420		5,744		3,761		18,764		22,525		(9,907		)	1969	Nov-01	3-30
Villa Angelina	256	Placentia, CA	27,869		4,498		17,962		7,044		4,962		24,542		29,504		(13,340		)	1970	Nov-01	3-30
Villa Granada	270	Santa Clara, CA	56,474		38,299		89,365		1,449		38,299		90,814		129,113		(12,672		)	2010	Apr-14	5-30
Wandering Creek	156	Kent, WA	5,239		1,285		4,980		4,203		1,296		9,172		10,468		(7,166		)	1986	Nov-95	3-30
Wilshire Promenade	149	Fullerton, CA	16,567		3,118		7,385		8,781		3,797		15,487		19,284		(9,891		)	1992	Jan-97	3-30
	14,988		$	2,008,417	$	764,224	$	2,416,739	$	510,489	$	774,421	$	2,917,031	$	3,691,452	$	(868,971	)
Unencumbered Communities
8th & Hope	290	Los Angeles, CA	$	—	$	29,279	$	169,350	$	2,207	$	29,279	$	171,557	$	200,836	$	(18,558	)	2014	Feb-15	3-30
Alessio	624	Los Angeles, CA	—		32,136		128,543		7,794		32,136		136,337		168,473		(19,336		)	2001	Apr-14	5-30
Allegro	97	Valley Village, CA	—		5,869		23,977		1,968		5,869		25,945		31,814		(8,463		)	2010	Oct-10	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)
Allure at Scripps Ranch	194	San Diego, CA	—	11,923	47,690	1,195	11,923	48,885	60,808	(6,765	)	2002	Apr-14	5-30
Alpine Village	301	Alpine, CA	—	4,967	19,728	8,111	4,982	27,824	32,806	(14,106	)	1971	Dec-02	3-30
Anavia	250	Anaheim, CA	—	15,925	63,712	7,649	15,925	71,361	87,286	(17,162	)	2009	Dec-10	3-30
Annaliese	56	Seattle, WA	—	4,727	14,229	525	4,726	14,755	19,481	(2,501	)	2009	Jan-13	3-30
Apex	366	Milpitas, CA	—	44,240	103,251	2,512	44,240	105,763	150,003	(11,748	)	2014	Aug-14	3-30
Aqua Marina Del Rey	500	Marina Del Rey, CA	—	58,442	175,326	11,921	58,442	187,247	245,689	(27,261	)	2001	Apr-14	5-30
Ascent	90	Kirkland, WA	—	3,924	11,862	1,806	3,924	13,668	17,592	(2,937	)	1988	Oct-12	3-30
Ashton Sherman Village	264	Los Angeles, CA	—	23,550	93,811	373	23,550	94,184	117,734	(3,442	)	2014	Dec-16	3-30
Avant	440	Los Angeles, CA	—	32,379	137,940	1,349	32,379	139,289	171,668	(11,397	)	2014	Jun-15	3-30
Avenue 64	224	Emeryville, CA	—	27,235	64,403	14,013	27,235	78,416	105,651	(10,003	)	2007	Apr-14	5-30
Aviara (4)	166	Mercer Island, WA	—	—	49,813	680	—	50,493	50,493	(7,820	)	2013	Apr-14	5-30
Axis 2300	115	Irvine, CA	—	5,405	33,585	1,559	5,405	35,144	40,549	(11,130	)	2010	Aug-10	3-30
Bella Villagio	231	San Jose, CA	—	17,247	40,343	3,060	17,247	43,403	60,650	(11,390	)	2004	Sep-10	3-30
Bellerive	63	Los Angeles, CA	—	5,401	21,803	1,104	5,401	22,907	28,308	(6,181	)	2011	Aug-11	3-30
Belmont Terrace	71	Belmont, CA	—	4,446	10,290	6,203	4,473	16,466	20,939	(7,161	)	1974	Oct-06	3-30
Bennett Lofts	165	San Francisco, CA	—	21,771	50,800	28,948	28,371	73,148	101,519	(13,218	)	2004	Dec-12	3-30
Bernardo Crest	216	San Diego, CA	—	10,802	43,209	2,738	10,802	45,947	56,749	(6,542	)	1988	Apr-14	5-30
Bonita Cedars	120	Bonita, CA	—	2,496	9,913	3,985	2,503	13,891	16,394	(6,742	)	1983	Dec-02	3-30
Boulevard	172	Fremont, CA	—	3,520	8,182	12,963	3,580	21,085	24,665	(16,059	)	1978	Jan-96	3-30
Bridle Trails	108	Kirkland, WA	—	1,500	5,930	5,812	1,531	11,711	13,242	(8,081	)	1986	Oct-97	3-30
Brighton Ridge	264	Renton, WA	—	2,623	10,800	4,966	2,656	15,733	18,389	(11,110	)	1986	Dec-96	3-30
Bristol Commons	188	Sunnyvale, CA	—	5,278	11,853	8,861	5,293	20,699	25,992	(12,709	)	1989	Jan-95	3-30
416 on Broadway	115	Glendale, CA	—	8,557	34,235	2,296	8,557	36,531	45,088	(9,509	)	2009	Dec-10	3-30
Bunker Hill	456	Los Angeles, CA	—	11,498	27,871	75,593	11,639	103,323	114,962	(43,100	)	1968	Mar-98	3-30
Camarillo Oaks	564	Camarillo, CA	—	10,953	25,254	6,100	11,075	31,232	42,307	(21,946	)	1985	Jul-96	3-30
Cambridge Park	320	San Diego, CA	—	18,185	72,739	2,492	18,185	75,231	93,416	(10,691	)	1998	Apr-14	5-30
Camino Ruiz Square	159	Camarillo, CA	—	6,871	26,119	1,886	6,931	27,945	34,876	(10,569	)	1990	Dec-06	3-30
Canyon Oaks	250	San Ramon, CA	—	19,088	44,473	3,404	19,088	47,877	66,965	(17,672	)	2005	May-07	3-30
Canyon Pointe	250	Bothell, WA	—	4,692	18,288	7,017	4,693	25,304	29,997	(13,092	)	1990	Oct-03	3-30
Capri at Sunny Hills	102	Fullerton, CA	—	3,337	13,320	9,040	4,048	21,649	25,697	(12,460	)	1961	Sep-01	3-30
Carmel Landing	356	San Diego, CA	—	16,725	66,901	6,128	16,725	73,029	89,754	(10,364	)	1989	Apr-14	5-30
Carmel Summit	246	San Diego, CA	—	14,968	59,871	2,886	14,968	62,757	77,725	(8,747	)	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)
Castle Creek	216	Newcastle, WA	—	4,149	16,028	3,760	4,833	19,104	23,937	(13,088	)	1998	Dec-98	3-30
Catalina Gardens	128	Los Angeles, CA	—	6,714	26,856	1,043	6,714	27,899	34,613	(3,890	)	1987	Apr-14	5-30
CBC Apartments & The Sweeps	239	Goleta, CA	—	11,841	45,320	6,162	11,906	51,417	63,323	(22,887	)	1962	Jan-06	3-30
Cedar Terrace	180	Bellevue, WA	—	5,543	16,442	5,923	5,652	22,256	27,908	(10,561	)	1984	Jan-05	3-30
CentrePointe	224	San Diego, CA	—	3,405	7,743	21,252	3,442	28,958	32,400	(16,021	)	1974	Jun-97	3-30
Chestnut Street Apartments	96	Santa Cruz, CA	—	6,582	15,689	1,750	6,582	17,439	24,021	(5,821	)	2002	Jul-08	3-30
Collins on Pine	76	Seattle, WA	—	7,276	22,226	262	7,276	22,488	29,764	(2,737	)	2013	May-14	3-30
Corbella at Juanita Bay	169	Kirkland, WA	—	5,801	17,415	2,603	5,801	20,018	25,819	(5,368	)	1978	Nov-10	3-30
Cortesia	308	Rancho Santa Margarita, CA	—	13,912	55,649	1,958	13,912	57,607	71,519	(8,058	)	1999	Apr-14	5-30
Country Villas	180	Oceanside, CA	—	4,174	16,583	4,772	4,187	21,342	25,529	(11,005	)	1976	Dec-02	3-30
Crow Canyon	400	San Ramon, CA	—	37,579	87,685	7,616	37,579	95,301	132,880	(13,111	)	1992	Apr-14	5-30
Deer Valley	171	San Rafael, CA	—	21,478	50,116	2,113	21,478	52,229	73,707	(7,425	)	1996	Apr-14	5-30
Delano	126	Redmond, WA	—	7,470	22,511	1,167	7,470	23,678	31,148	(4,984	)	2005	Dec-11	3-30
Devonshire	276	Hemet, CA	—	3,470	13,786	3,935	3,482	17,709	21,191	(9,455	)	1988	Dec-02	3-30
Domain	379	San Diego, CA	—	23,848	95,394	1,298	23,848	96,692	120,540	(13,510	)	2013	Nov-13	3-30
Emerald Pointe	160	Diamond Bar, CA	—	8,458	33,832	1,468	8,458	35,300	43,758	(5,018	)	1989	Apr-14	5-30
Emerald Ridge	180	Bellevue, WA	—	3,449	7,801	5,199	3,449	13,000	16,449	(9,551	)	1987	Nov-94	3-30
Emerson Valley Village	144	Los Angeles, CA	—	13,378	53,240	284	13,378	53,524	66,902	(1,953	)	2012	Dec-16	3-30
Enso	183	San Jose, CA	—	21,397	71,135	1,153	21,397	72,288	93,685	(5,238	)	2014	Dec-15	3-30
Esplanade	278	San Jose, CA	—	18,170	40,086	11,945	18,429	51,772	70,201	(24,281	)	2002	Apr-04	3-30
Essex Skyline	349	Santa Ana, CA	—	21,537	146,099	6,340	21,537	152,439	173,976	(29,843	)	2008	Apr-10	3-30
Evergreen Heights	200	Kirkland, WA	—	3,566	13,395	5,345	3,649	18,657	22,306	(12,816	)	1990	Jun-97	3-30
Fairway Apartments at Big Canyon (5)	74	Newport Beach, CA	—	—	7,850	7,583	—	15,433	15,433	(9,692	)	1972	Jun-99	3-28
Fairwood Pond	194	Renton, WA	—	5,296	15,564	3,122	5,297	18,685	23,982	(8,928	)	1997	Oct-04	3-30
Foothill Commons	394	Bellevue, WA	—	2,435	9,821	39,142	2,440	48,958	51,398	(38,723	)	1978	Mar-90	3-30
Foothill Gardens/Twin Creeks	176	San Ramon, CA	—	5,875	13,992	10,086	5,964	23,989	29,953	(15,203	)	1985	Feb-97	3-30
Forest View	192	Renton, WA	—	3,731	14,530	2,362	3,731	16,892	20,623	(8,351	)	1998	Oct-03	3-30
Fountain Court	320	Seattle, WA	—	6,702	27,306	11,409	6,585	38,832	45,417	(23,649	)	2000	Mar-00	3-30
Fourth & U	171	Berkeley, CA	—	8,879	52,351	2,775	8,879	55,126	64,005	(15,677	)	2010	Apr-10	3-30
Fox Plaza	444	San Francisco, CA	—	39,731	92,706	20,638	39,731	113,344	153,075	(21,219	)	1968	Feb-13	3-30
Hampton Place/Hampton Court	215	Glendale, CA	—	6,695	16,753	24,885	6,733	41,600	48,333	(18,798	)	1970	Jun-99	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)
Hillsdale Garden	697	San Mateo, CA	—	22,000	94,681	22,145	22,000	116,826	138,826	(49,216	)	1948	Sep-06	3-30
Hope Ranch	108	Santa Barbara, CA	—	4,078	16,877	2,825	4,208	19,572	23,780	(7,105	)	1965	Mar-07	3-30
Joule	295	Seattle, WA	—	14,558	69,417	4,295	14,558	73,712	88,270	(21,397	)	2010	Mar-10	3-30
Kings Road	196	Los Angeles, CA	—	4,023	9,527	14,593	4,031	24,112	28,143	(14,090	)	1979	Jun-97	3-30
Lafayette Highlands	150	Lafayette, CA	—	17,774	41,473	2,065	17,774	43,538	61,312	(6,023	)	1973	Apr-14	5-30
Lakeshore Landing	308	San Mateo, CA	—	38,155	89,028	5,920	38,155	94,948	133,103	(14,103	)	1988	Apr-14	5-30
Laurels at Mill Creek	164	Mill Creek, WA	—	1,559	6,430	6,231	1,595	12,625	14,220	(9,082	)	1981	Dec-96	3-30
Lawrence Station	336	Sunnyvale, CA	—	45,532	106,735	1,100	45,532	107,835	153,367	(18,224	)	2012	Apr-14	5-30
Le Parc	140	Santa Clara, CA	—	3,090	7,421	11,787	3,092	19,206	22,298	(14,464	)	1975	Feb-94	3-30
Marbrisa	202	Long Beach, CA	—	4,700	18,605	8,640	4,760	27,185	31,945	(13,889	)	1987	Sep-02	3-30
Marina City Club (6)	101	Marina Del Rey, CA	—	—	28,167	27,613	—	55,780	55,780	(23,105	)	1971	Jan-04	3-30
Marina Cove (7)	292	Santa Clara, CA	—	5,320	16,431	14,699	5,324	31,126	36,450	(22,342	)	1974	Jun-94	3-30
Mariner's Place	105	Oxnard, CA	—	1,555	6,103	2,314	1,562	8,410	9,972	(5,316	)	1987	May-00	3-30
MB 360	360	San Francisco, CA	—	21,421	114,376	122,654	42,001	216,450	258,451	(21,619	)	2014	Apr-14	3-30
Mesa Village	133	Clairemont, CA	—	1,888	7,498	1,730	1,894	9,222	11,116	(4,691	)	1963	Dec-02	3-30
Mio	103	San Jose, CA	—	11,012	39,982	367	11,012	40,349	51,361	(2,786	)	2015	Jan-16	3-30
Mira Monte	354	Mira Mesa, CA	—	7,165	28,459	10,588	7,186	39,026	46,212	(22,220	)	1982	Dec-02	3-30
Miracle Mile/Marbella	236	Los Angeles, CA	—	7,791	23,075	14,330	7,886	37,310	45,196	(24,621	)	1988	Aug-97	3-30
Mission Hills	282	Oceanside, CA	—	10,099	38,778	6,780	10,167	45,490	55,657	(20,326	)	1984	Jul-05	3-30
Mission Peaks	453	Fremont, CA	—	46,499	108,498	3,457	46,499	111,955	158,454	(15,669	)	1995	Apr-14	5-30
Mission Peaks II	336	Fremont, CA	—	31,429	73,334	4,469	31,429	77,803	109,232	(11,188	)	1989	Apr-14	5-30
Monterey Villas	122	Oxnard, CA	—	2,349	5,579	6,410	2,424	11,914	14,338	(7,386	)	1974	Jul-97	3-30
Muse	152	North Hollywood, CA	—	7,822	33,436	2,724	7,823	36,159	43,982	(11,275	)	2011	Feb-11	3-30
Museum Park	117	San Jose, CA	—	13,864	32,348	1,236	13,864	33,584	47,448	(4,777	)	2002	Apr-14	5-30
Palm Valley	1,098	San Jose, CA	—	133,802	312,205	2,035	133,802	314,240	448,042	(10,741	)	2008	Jan-17	3-30
Paragon Apartments	301	Fremont, CA	—	32,230	77,320	1,367	32,230	78,687	110,917	(9,136	)	2013	Jul-14	3-30
Park Catalina	90	Los Angeles, CA	—	4,710	18,839	3,068	4,710	21,907	26,617	(4,823	)	2002	Jun-12	3-30
Park Viridian	320	Anaheim, CA	—	15,894	63,574	3,023	15,894	66,597	82,491	(9,304	)	2008	Apr-14	5-30
Park West	126	San Francisco, CA	—	9,424	21,988	11,930	9,424	33,918	43,342	(7,730	)	1958	Sep-12	3-30
Parkwood at Mill Creek	240	Mill Creek, WA	—	10,680	42,722	2,441	10,680	45,163	55,843	(6,492	)	1989	Apr-14	5-30
Pathways at Bixby Village	296	Long Beach, CA	—	4,083	16,757	20,235	6,239	34,836	41,075	(29,186	)	1975	Feb-91	3-30
Piedmont	396	Bellevue, WA	—	19,848	59,606	11,186	19,848	70,792	90,640	(9,660	)	1969	May-14	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)
Pinehurst (8)	28	Ventura, CA	—	—	1,711	548	—	2,259	2,259	(1,249	)	1973	Dec-04	3-24
Pinnacle Sonata	268	Bothell, WA	—	14,647	58,586	2,602	14,647	61,188	75,835	(8,496	)	2000	Apr-14	5-30
Pointe at Cupertino	116	Cupertino, CA	—	4,505	17,605	11,908	4,505	29,513	34,018	(15,789	)	1963	Aug-98	3-30
Radius	264	Redwood City, CA	—	11,702	152,336	18	11,702	152,354	164,056	(20,701	)	2015	Apr-14	3-30
Reed Square	100	Sunnyvale, CA	—	6,873	16,037	8,023	6,873	24,060	30,933	(7,372	)	1970	Jan-12	3-30
Regency at Encino	75	Encino, CA	—	3,184	12,737	3,312	3,184	16,049	19,233	(5,377	)	1989	Dec-09	3-30
Renaissance at Uptown Orange	460	Orange, CA	—	27,870	111,482	4,122	27,870	115,604	143,474	(16,189	)	2007	Apr-14	5-30
Reveal	438	Woodland Hills, CA	—	25,073	121,314	1,104	25,073	122,418	147,491	(12,990	)	2010	Apr-15	3-30
Salmon Run at Perry Creek	132	Bothell, WA	—	3,717	11,483	2,018	3,801	13,417	17,218	(7,639	)	2000	Oct-00	3-30
Sammamish View	153	Bellevue, WA	—	3,324	7,501	6,660	3,331	14,154	17,485	(11,623	)	1986	Nov-94	3-30
101 San Fernando	323	San Jose, CA	—	4,173	58,961	10,473	4,173	69,434	73,607	(20,152	)	2001	Jul-10	3-30
San Marcos	432	Richmond, CA	—	15,563	36,204	30,439	22,866	59,340	82,206	(28,461	)	2003	Nov-03	3-30
Santee Court/Santee Village	238	Los Angeles, CA	—	9,581	40,317	6,383	9,582	46,699	56,281	(12,474	)	2004	Oct-10	3-30
Shadow Point	172	Spring Valley, CA	—	2,812	11,170	3,407	2,820	14,569	17,389	(7,412	)	1983	Dec-02	3-30
Shadowbrook	418	Redmond, WA	—	19,292	77,168	3,892	19,292	81,060	100,352	(11,419	)	1986	Apr-14	5-30
Slater 116	108	Kirkland, WA	—	7,379	22,138	709	7,379	22,847	30,226	(3,446	)	2013	Sep-13	3-30
Solstice	280	Sunnyvale, CA	—	34,444	147,262	4,598	34,444	151,860	186,304	(24,629	)	2014	Apr-14	5-30
Stonehedge Village	196	Bothell, WA	—	3,167	12,603	6,516	3,201	19,085	22,286	(12,875	)	1986	Oct-97	3-30
Summit Park	300	San Diego, CA	—	5,959	23,670	5,915	5,977	29,567	35,544	(15,594	)	1972	Dec-02	3-30
Taylor 28	197	Seattle, WA	—	13,915	57,700	1,892	13,915	59,592	73,507	(8,120	)	2008	Apr-14	5-30
The Avery	121	Los Angeles, CA	—	6,964	29,922	299	6,964	30,221	37,185	(3,810	)	2014	Mar-14	3-30
The Cairns	99	Seattle, WA	—	6,937	20,679	1,459	6,939	22,136	29,075	(8,056	)	2006	Jun-07	3-30
The Commons	264	Campbell, CA	—	12,555	29,307	7,370	12,556	36,676	49,232	(10,676	)	1973	Jul-10	3-30
The Elliot at Mukilteo	301	Mukilteo, WA	—	2,498	10,595	15,566	2,824	25,835	28,659	(18,311	)	1981	Jan-97	3-30
The Grand	243	Oakland, CA	—	4,531	89,208	6,100	4,531	95,308	99,839	(30,858	)	2009	Jan-09	3-30
The Hallie	292	Pasadena, CA	—	2,202	4,794	53,126	8,385	51,737	60,122	(26,284	)	1972	Apr-97	3-30
The Lofts at Pinehurst	118	Ventura, CA	—	1,570	3,912	5,029	1,618	8,893	10,511	(5,311	)	1971	Jun-97	3-30
The Stuart	188	Pasadena, CA	—	13,574	54,298	2,107	13,574	56,405	69,979	(8,211	)	2007	Apr-14	5-30
The Trails of Redmond	423	Redmond, WA	—	21,930	87,720	3,693	21,930	91,413	113,343	(12,928	)	1985	Apr-14	5-30
Tierra Vista	404	Oxnard, CA	—	13,652	53,336	4,972	13,661	58,299	71,960	(27,577	)	2001	Jan-01	3-30
Tiffany Court	101	Los Angeles, CA	—	6,949	27,796	1,541	6,949	29,337	36,286	(4,050	)	1987	Apr-14	5-30
Trabuco Villas	132	Lake Forest, CA	—	3,638	8,640	2,916	3,890	11,304	15,194	(7,610	)	1985	Oct-97	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)
Via	284	Sunnyvale, CA	—		22,000		82,270		2,338		22,016		84,592		106,608		(21,879		)	2011	Jul-11	3-30
Villa Siena	272	Costa Mesa, CA	—		13,842		55,367		5,382		13,842		60,749		74,591		(8,651		)	1974	Apr-14	5-30
Village Green	272	La Habra, CA	—		6,488		36,768		3,298		6,488		40,066		46,554		(5,852		)	1971	Apr-14	5-30
Vista Belvedere	76	Tiburon, CA	—		5,573		11,901		8,575		5,573		20,476		26,049		(9,931		)	1963	Aug-04	3-30
Vox Apartments	58	Seattle, WA	—		5,545		16,635		121		5,545		16,756		22,301		(2,360		)	2013	Oct-13	3-30
Walnut Heights	163	Walnut, CA	—		4,858		19,168		4,734		4,887		23,873		28,760		(11,505		)	1964	Oct-03	3-30
Wharfside Pointe	155	Seattle, WA	—		2,245		7,020		11,422		2,258		18,429		20,687		(12,639		)	1990	Jun-94	3-30
Willow Lake	508	San Jose, CA	—		43,194		101,030		12,392		43,194		113,422		156,616		(21,870		)	1989	Oct-12	3-30
5600 Wilshire	284	Los Angeles, CA	—		30,535		91,604		1,828		30,535		93,432		123,967		(13,001		)	2008	Apr-14	5-30
Wilshire La Brea	478	Los Angeles, CA	—		56,932		211,998		8,806		56,932		220,804		277,736		(35,159		)	2014	Apr-14	5-30
Windsor Ridge	216	Sunnyvale, CA	—		4,017		10,315		16,224		4,021		26,535		30,556		(19,282		)	1989	Mar-89	3-30
Woodland Commons	302	Bellevue, WA	—		2,040		8,727		22,839		2,044		31,562		33,606		(18,755		)	1978	Mar-90	3-30
Woodside Village	145	Ventura, CA	—		5,331		21,036		3,974		5,341		25,000		30,341		(11,682		)	1987	Dec-04	3-30
	34,441		$	—	$	1,893,634	$	6,586,618	$	1,153,401	$	1,940,335	$	7,693,318	$	9,633,653	$	(1,887,074	)

									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
Derian Office Building	106,564	Irvine, CA	—		3,079		12,315		8,332		4,308		19,418		23,726		(13,252		)	1983	Jul-00	3-30
	106,564		$	—	$	3,079	$	12,315	$	8,332	$	4,308	$	19,418	$	23,726	$	(13,252	)
Total			$	2,008,417	$	2,660,937	$	9,015,672	$	1,672,222	$	2,719,064	$	10,629,767	$	13,348,831	$	(2,769,297	)

 (1) The aggregate cost for federal income tax purposes is approximately $10.6 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:

	2017			2016			2015				2017			2016			2015
Rental properties:										Accumulated depreciation:
Balance at beginning of year	$	12,676,306		$	12,331,469		$	11,244,681		Balance at beginning of year	$	2,311,546		$	1,949,892		$	1,564,806
Acquisition, development, and improvement of real estate	700,892			609,669			1,333,102			Depreciation expense	464,043			432,165			402,687
Disposition of real estate and other	(28,367		)	(264,832		)	(246,314		)	Depreciation expense - Disposals and other	(6,292		)	(70,511		)	(17,601		)
Balance at the end of year	$	13,348,831		$	12,676,306		$	12,331,469		Balance at the end of year	$	2,769,297		$	2,311,546		$	1,949,892