XML 18 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Rental properties:    
Land and land improvements $ 2,719,064 $ 2,719,064
Buildings and improvements 10,657,671 10,629,767
Total rental properties 13,376,735 13,348,831
Less: accumulated depreciation (2,888,130) (2,769,297)
Net real estate 10,488,605 10,579,534
Real estate under development 395,710 355,735
Co-investments 1,290,957 1,155,984
Total real estate 12,175,272 12,091,253
Cash and cash equivalents-unrestricted 121,954 44,620
Cash and cash equivalents-restricted 17,124 16,506
Marketable securities 197,745 190,004
Notes and other receivables (includes related party receivables of $9.9 million and $41.2 million as of March 31, 2018 and December 31, 2017, respectively) 70,525 100,926
Prepaid expenses and other assets 60,047 52,397
Total assets 12,642,667 12,495,706
LIABILITIES AND EQUITY/CAPITAL    
Unsecured debt, net 3,797,923 3,501,709
Mortgage notes payable, net 1,921,047 2,008,417
Lines of credit 0 179,000
Accounts payable and accrued liabilities 179,641 127,501
Construction payable 48,223 51,770
Dividends/Distributions payable 129,038 121,420
Distributions in excess of investments in co-investments 0 36,726
Other liabilities 33,477 33,132
Total liabilities 6,109,349 6,059,675
Commitments and contingencies
Redeemable noncontrolling interest 41,159 39,206
Equity/Capital:    
Common stock; $0.0001 par value, 670,000,000 shares authorized; 66,044,441 and 66,054,399 shares issued and outstanding, respectively 7 7
Additional paid-in capital 7,127,248 7,129,571
Distributions in excess of accumulated earnings (743,773) (833,726)
Limited Partners:    
Accumulated other comprehensive loss, net (14,709) (18,446)
Total stockholders' equity 6,368,773 6,277,406
Noncontrolling interest 123,386 119,419
Total equity 6,492,159 6,396,825
Total liabilities and equity/capital 12,642,667 12,495,706
Essex Portfolio, L.P. [Member]    
Rental properties:    
Land and land improvements 2,719,064 2,719,064
Buildings and improvements 10,657,671 10,629,767
Total rental properties 13,376,735 13,348,831
Less: accumulated depreciation (2,888,130) (2,769,297)
Net real estate 10,488,605 10,579,534
Real estate under development 395,710 355,735
Co-investments 1,290,957 1,155,984
Total real estate 12,175,272 12,091,253
Cash and cash equivalents-unrestricted 121,954 44,620
Cash and cash equivalents-restricted 17,124 16,506
Marketable securities 197,745 190,004
Notes and other receivables (includes related party receivables of $9.9 million and $41.2 million as of March 31, 2018 and December 31, 2017, respectively) 70,525 100,926
Prepaid expenses and other assets 60,047 52,397
Total assets 12,642,667 12,495,706
LIABILITIES AND EQUITY/CAPITAL    
Unsecured debt, net 3,797,923 3,501,709
Mortgage notes payable, net 1,921,047 2,008,417
Lines of credit 0 179,000
Accounts payable and accrued liabilities 179,641 127,501
Construction payable 48,223 51,770
Dividends/Distributions payable 129,038 121,420
Distributions in excess of investments in co-investments 0 36,726
Other liabilities 33,477 33,132
Total liabilities 6,109,349 6,059,675
Commitments and contingencies
Redeemable noncontrolling interest 41,159 39,206
Limited Partners:    
Common equity (2,273,413 and 2,268,114 units issued and outstanding, respectively) 53,003 49,792
Accumulated other comprehensive loss, net (11,281) (15,229)
Total partners' capital 6,425,204 6,330,415
Noncontrolling interest 66,955 66,410
Total capital 6,492,159 6,396,825
Total liabilities and equity/capital 12,642,667 12,495,706
Essex Portfolio, L.P. [Member] | General Partner [Member]    
General Partner:    
Common equity (66,044,441 and 66,054,399 units issued and outstanding, respectively) 6,383,482 6,295,852
Essex Portfolio, L.P. [Member] | General Partner [Member] | Common Equity [Member]    
General Partner:    
Common equity (66,044,441 and 66,054,399 units issued and outstanding, respectively) 6,383,482 6,295,852
Limited Partners:    
Total capital $ 6,383,482 $ 6,295,852