Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Rental properties:
Land and land improvements	$ 2,773,805	$ 2,701,356
Buildings and improvements	11,264,337	10,664,745
Total rental properties	14,038,142	13,366,101
Less: accumulated depreciation	(3,689,482)	(3,209,548)
Net real estate	10,348,660	10,156,553
Real estate under development	546,075	454,629
Co-investments	1,335,339	1,300,140
Total real estate	12,230,074	11,911,322
Cash and cash equivalents-unrestricted	70,087	134,465
Cash and cash equivalents-restricted	11,007	16,930
Marketable securities	144,193	209,545
Notes and other receivables (includes related party receivables of $90.2 million and $11.1 million as of December 31, 2019 and December 31, 2018, respectively)	134,365	71,895
Operating lease right-of-use assets	74,744	0
Prepaid expenses and other assets	40,935	39,439
Total assets	12,705,405	12,383,596
LIABILITIES AND EQUITY
Unsecured debt, net	4,763,206	3,799,316
Mortgage notes payable, net	990,667	1,806,626
Lines of credit	55,000	0
Accounts payable and accrued liabilities	158,017	127,086
Construction payable	48,912	59,345
Dividends payable	135,384	128,529
Operating lease liabilities	76,740
Other liabilities	36,565	33,375
Total liabilities	6,264,491	5,954,277
Commitments and contingencies
Redeemable noncontrolling interest	37,410	35,475
Equity/Capital:
Common stock; $.0001 par value, 670,000,000 shares authorized; 66,091,954 and 65,890,322 shares issued and outstanding, respectively	7	7
Additional paid-in capital	7,121,927	7,093,079
Distributions in excess of accumulated earnings	(887,619)	(812,796)
Limited Partners:
Accumulated other comprehensive loss, net	(13,888)	(13,217)
Total stockholders' equity	6,220,427	6,267,073
Noncontrolling interest	183,077	126,771
Total equity	6,403,504	6,393,844
Total liabilities and equity/capital	12,705,405	12,383,596
Essex Portfolio, L.P.
Rental properties:
Land and land improvements	2,773,805	2,701,356
Buildings and improvements	11,264,337	10,664,745
Total rental properties	14,038,142	13,366,101
Less: accumulated depreciation	(3,689,482)	(3,209,548)
Net real estate	10,348,660	10,156,553
Real estate under development	546,075	454,629
Co-investments	1,335,339	1,300,140
Total real estate	12,230,074	11,911,322
Cash and cash equivalents-unrestricted	70,087	134,465
Cash and cash equivalents-restricted	11,007	16,930
Marketable securities	144,193	209,545
Notes and other receivables (includes related party receivables of $90.2 million and $11.1 million as of December 31, 2019 and December 31, 2018, respectively)	134,365	71,895
Operating lease right-of-use assets	74,744
Prepaid expenses and other assets	40,935	39,439
Total assets	12,705,405	12,383,596
LIABILITIES AND EQUITY
Unsecured debt, net	4,763,206	3,799,316
Mortgage notes payable, net	990,667	1,806,626
Lines of credit	55,000	0
Accounts payable and accrued liabilities	158,017	127,086
Construction payable	48,912	59,345
Dividends payable	135,384	128,529
Operating lease liabilities	76,740
Other liabilities	36,565	33,375
Total liabilities	6,264,491	5,954,277
Commitments and contingencies
Redeemable noncontrolling interest	37,410	35,475
Limited Partners:
Common equity (2,301,653 and 2,305,389 units issued and outstanding, respectively)	57,359	59,061
Accumulated other comprehensive loss, net	(10,432)	(9,738)
Total partners' capital	6,281,242	6,329,613
Noncontrolling interest	122,262	64,231
Total capital	6,403,504	6,393,844
Total liabilities and equity/capital	12,705,405	12,383,596
Essex Portfolio, L.P. | General Partner
General Partner:
Common equity (66,091,954 and 65,890,322 units issued and outstanding, respectively)	6,234,315	6,280,290
Essex Portfolio, L.P. | General Partner | Common Equity
General Partner:
Common equity (66,091,954 and 65,890,322 units issued and outstanding, respectively)	6,234,315	6,280,290
Limited Partners:
Total capital	$ 6,234,315	$ 6,280,290