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Organization and Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of marketable securities
As of September 30, 2019 and December 31, 2018, marketable securities consist of the following ($ in thousands):
 
September 30, 2019
 
Amortized
Cost/Cost
 
Gross
Unrealized
Gain (Loss)
 
Carrying Value
Equity securities:
 
 
 
 
 
Investment funds - debt securities
$
27,883

 
$
576

 
$
28,459

Common stock and stock funds
37,123

 
1,465

 
38,588

 
 
 
 
 
 
Debt securities:
 
 
 
 
 
Available for sale
 
 
 
 
 
U.S. treasury securities
4,915

 
(15
)
 
4,900

Investment-grade unsecured debt
1,048

 
10

 
1,058

Held to maturity
 
 
 

 
 

Mortgage backed securities
143,889

 
—

 
143,889

Total - Marketable securities
$
214,858

 
$
2,036

 
$
216,894


 
December 31, 2018
 
Amortized
Cost/Cost
 
Gross
Unrealized
Gain (Loss)
 
Carrying Value
Equity securities:
 
 
 
 
 
Investment funds - debt securities
$
31,934

 
$
(568
)
 
$
31,366

Common stock and stock funds
39,731

 
(1,671
)
 
38,060

 
 
 
 
 


Debt securities:
 
 
 
 
 
Available for sale
 
 
 
 
 
U.S. treasury securities
8,983

 
(31
)
 
8,952

Investment-grade unsecured bonds
4,125

 
(145
)
 
3,980

Held to maturity
 

 
 

 
 

Mortgage backed securities
127,187

 
—

 
127,187

Total - Marketable securities
$
211,960

 
$
(2,415
)
 
$
209,545


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, 2018
$
(13,077
)
 
$
(140
)
 
$
(13,217
)
Cumulative effect upon adoption of ASU No. 2017-12
175

 
—

 
175

Other comprehensive (loss) income before reclassification
(490
)
 
197

 
(293
)
Amounts reclassified from accumulated other comprehensive loss
(5,662
)
 
(31
)
 
(5,693
)
Other comprehensive income
(5,977
)
 
166

 
(5,811
)
Balance at September 30, 2019
$
(19,054
)
 
$
26

 
$
(19,028
)

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, 2018
$
(9,593
)
 
$
(145
)
 
$
(9,738
)
Cumulative effect upon adoption of ASU No. 2017-12
181

 
—

 
181

Other comprehensive income (loss) before reclassification
(506
)
 
203

 
(303
)
Amounts reclassified from accumulated other comprehensive loss
(5,860
)
 
(32
)
 
(5,892
)
Other comprehensive income
(6,185
)
 
171

 
(6,014
)
Balance at September 30, 2019
$
(15,778
)
 
$
26

 
$
(15,752
)


Schedule of changes to the redemption value of noncontrolling interests
The changes to the redemption value of redeemable noncontrolling interests for the nine months ended September 30, 2019 is as follows ($ in thousands):
Balance at December 31, 2018
$
35,475

Reclassification due to change in redemption value and other
3,675

Redemptions
(73
)
Balance at September 30, 2019
$
39,077


Schedule of cash and cash equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 
September 30, 2019
 
December 31, 2018
 
September 30, 2018
 
December 31, 2017
Cash and cash equivalents - unrestricted
$
74,031

 
$
134,465

 
$
157,279

 
$
44,620

Cash and cash equivalents - restricted
17,695

 
16,930

 
17,347

 
16,506

Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows
$
91,726

 
$
151,395

 
$
174,626

 
$
61,126


Schedule of restricted cash and cash equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 
September 30, 2019
 
December 31, 2018
 
September 30, 2018
 
December 31, 2017
Cash and cash equivalents - unrestricted
$
74,031

 
$
134,465

 
$
157,279

 
$
44,620

Cash and cash equivalents - restricted
17,695

 
16,930

 
17,347

 
16,506

Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows
$
91,726

 
$
151,395

 
$
174,626

 
$
61,126