Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Rental properties:
Land and land improvements	$ 2,933,690	$ 2,773,805
Buildings and improvements	12,088,080	11,264,337
Total rental properties	15,021,770	14,038,142
Less: accumulated depreciation	(3,927,746)	(3,689,482)
Net real estate	11,094,024	10,348,660
Real estate under development	467,915	546,075
Co-investments	1,008,758	1,335,339
Real estate held for sale, net	24,495	0
Total real estate	12,595,192	12,230,074
Cash and cash equivalents-unrestricted	246,204	70,087
Cash and cash equivalents-restricted	10,271	11,007
Marketable securities, net of allowance for credit losses of $13.6 million and zero as of June 30, 2020 and December 31, 2019, respectively	154,433	144,193
Notes and other receivables, net of allowance for credit losses of $0.1 million and zero as of June 30, 2020 and December 31, 2019, respectively (includes related party receivables of $5.2 million and $90.2 million as of June 30, 2020 and December 31, 2019, respectively)	44,748	134,365
Operating lease right-of-use assets	73,669	74,744
Prepaid expenses and other assets	52,894	40,935
Total assets	13,177,411	12,705,405
LIABILITIES AND EQUITY/CAPITAL
Unsecured debt, net	5,615,795	4,763,206
Mortgage notes payable, net	703,617	990,667
Lines of credit	0	55,000
Accounts payable and accrued liabilities	164,340	158,017
Construction payable	48,809	48,912
Dividends/Distributions payable	142,629	135,384
Operating lease liabilities	75,626	76,740
Other liabilities	40,473	36,565
Total liabilities	6,791,289	6,264,491
Commitments and contingencies
Redeemable noncontrolling interest	33,241	37,410
Equity/Capital:
Common stock; $.0001 par value, 670,000,000 shares authorized; 65,331,206 and 66,091,954 shares issued and outstanding, respectively	7	7
Additional paid-in capital	6,944,805	7,121,927
Distributions in excess of accumulated earnings	(760,028)	(887,619)
Limited Partners:
Accumulated other comprehensive loss, net	(18,710)	(13,888)
Total stockholders' equity	6,166,074	6,220,427
Noncontrolling interest	186,807	183,077
Total equity	6,352,881	6,403,504
Total liabilities and equity	13,177,411	12,705,405
Essex Portfolio, L.P.
Rental properties:
Land and land improvements	2,933,690	2,773,805
Buildings and improvements	12,088,080	11,264,337
Total rental properties	15,021,770	14,038,142
Less: accumulated depreciation	(3,927,746)	(3,689,482)
Net real estate	11,094,024	10,348,660
Real estate under development	467,915	546,075
Co-investments	1,008,758	1,335,339
Total real estate	12,595,192	12,230,074
Cash and cash equivalents-unrestricted	246,204	70,087
Cash and cash equivalents-restricted	10,271	11,007
Marketable securities, net of allowance for credit losses of $13.6 million and zero as of June 30, 2020 and December 31, 2019, respectively	154,433	144,193
Notes and other receivables, net of allowance for credit losses of $0.1 million and zero as of June 30, 2020 and December 31, 2019, respectively (includes related party receivables of $5.2 million and $90.2 million as of June 30, 2020 and December 31, 2019, respectively)	44,748	134,365
Operating lease right-of-use assets	73,669	74,744
Prepaid expenses and other assets	52,894	40,935
Total assets	13,177,411	12,705,405
LIABILITIES AND EQUITY/CAPITAL
Unsecured debt, net	5,615,795	4,763,206
Mortgage notes payable, net	703,617	990,667
Lines of credit	0	55,000
Accounts payable and accrued liabilities	164,340	158,017
Construction payable	48,809	48,912
Dividends/Distributions payable	142,629	135,384
Operating lease liabilities	75,626	76,740
Other liabilities	40,473	36,565
Total liabilities	6,791,289	6,264,491
Commitments and contingencies
Redeemable noncontrolling interest	33,241	37,410
General Partner:
Common equity (65,331,206 and 66,091,954 units issued and outstanding, respectively)	6,184,784	6,234,315
Limited Partners:
Common equity (2,295,510 and 2,301,653 units issued and outstanding, respectively)	61,437	57,359
Accumulated other comprehensive loss, net	(15,423)	(10,432)
Total partners' capital	6,230,798	6,281,242
Noncontrolling interest	122,083	122,262
Total capital	6,352,881	6,403,504
Total liabilities and equity	13,177,411	12,705,405
Subsidiaries
Rental properties:
Real estate held for sale, net	$ 24,495	$ 0