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Summary of Critical and Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Summary of Critical and Significant Accounting Policies [Abstract]  
Summary of Depreciable Life of Various Categories of Fixed Assets
The depreciable life of various categories of fixed assets is as follows:
Computer software and equipment
3 - 5 years
Interior apartment home improvements5 years
Furniture, fixtures and equipment
5 - 10 years
Land improvements and certain exterior components of real property10 years
Real estate structures30 years
Schedule of Cash and Cash Equivalents Reconciliation
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows ($ in thousands):
 202020192018
Cash and cash equivalents - unrestricted$73,629 $70,087 $134,465 
Cash and cash equivalents - restricted10,412 11,007 16,930 
Total unrestricted and restricted cash and cash equivalents shown in the consolidated statements of cash flows$84,041 $81,094 $151,395 
Schedule of Restricted Cash Reconciliation
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows ($ in thousands):
 202020192018
Cash and cash equivalents - unrestricted$73,629 $70,087 $134,465 
Cash and cash equivalents - restricted10,412 11,007 16,930 
Total unrestricted and restricted cash and cash equivalents shown in the consolidated statements of cash flows$84,041 $81,094 $151,395 
Components of Marketable Securities
As of December 31, 2020 and 2019, marketable securities consist of the following ($ in thousands):



 December 31, 2020
Amortized
Cost		Gross
Unrealized
Gain		Carrying
Value		Allowance for Credit Losses
Equity securities:
Investment funds - debt securities$49,646 $985 $50,631 $— 
Common stock and stock funds81,074 15,001 96,075 — 
Debt securities:
 Available for sale
Investment-grade unsecured debt1,050 12 1,062 — 
Total - Marketable securities$131,770 $15,998 $147,768 $— 

 December 31, 2019
Amortized
Cost		Gross
Unrealized
Gain		Carrying
Value
Equity securities:
Investment funds - debt securities$29,588 $544 $30,132 
Common stock and stock funds34,941 2,927 37,868 
Debt securities:
 Available for sale
U.S. Treasury securities2,421 13 2,434 
Investment-grade unsecured debt1,048 60 1,108 
Held to maturity:   
Mortgage backed securities72,651 — 72,651 
Total - Marketable securities$140,649 $3,544 $144,193 
Schedule of Allowance For Credit Losses The following table presents the allowance for credit losses rollforward for the mortgage backed security ($ in thousands):
Balance at December 31, 2019$— 
Impact of adoption ASC 326 (1)
13,644 
Reversal of provision for credit losses(13,644)
Balance at December 31, 2020$— 

(1) As part of the adoption of ASC 326, effective January 1, 2020, the Company recorded a gross up of the mortgage backed security and related allowance for credit losses of $13.6 million. The allowance was reversed upon maturity of the mortgage backed security in December 2020. The Company recorded $11.8 million of accelerated interest income related to this maturity.
The following table presents the activity in the allowance for credit losses for notes and other receivables by loan type ($ in thousands):
Mezzanine LoansBridge LoansTotal
Balance at December 31, 2019$— $— $— 
Impact of adoption ASC 326147 43 190 
Provision for credit losses604 (43)561 
Balance at December 31, 2020$751 $— $751 
Summary of Status of Cash Dividends Distributed
The status of cash dividends distributed for the years ended December 31, 2020, 2019, and 2018 related to common stock are classified for tax purposes as follows:
 
 202020192018
Common Stock
Ordinary income85.23 %83.81 %79.72 %
Capital gain10.68 %13.78 %15.35 %
Unrecaptured section 1250 capital gain4.09 %2.41 %4.93 %
 100.00 %100.00 %100.00 %
Changes in Accumulated Other Comprehensive Income (Loss), Net by Component
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
gain (loss) on
available for sale
securities		Total
Balance at December 31, 2019$(13,989)$101 $(13,888)
Other comprehensive income before reclassification4,274 (59)4,215 
Amounts reclassified from accumulated other comprehensive loss(5,056)— (5,056)
Other comprehensive loss(782)(59)(841)
Balance at December 31, 2020$(14,771)$42 $(14,729)
Changes in the Redemption Value of Redeemable Noncontrolling Interests
The changes in the redemption value of redeemable noncontrolling interests for the years ended December 31, 2020, 2019, and 2018 are as follows:

 202020192018
Balance at January 1,$37,410 $35,475 $39,206 
Reclassifications due to change in redemption value and other(4,299)2,008 1,164 
Redemptions(872)(73)(4,895)
Balance at December 31, $32,239 $37,410 $35,475 
Essex Portfolio, L.P.  
Summary of Critical and Significant Accounting Policies [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss), Net by Component
Changes in Accumulated Other Comprehensive Loss, by Component
Essex Portfolio, L.P. ($ in thousands)
Change in fair
value and
amortization
of swap settlements		Unrealized
gain (loss) on
available for sale
securities		Total
Balance at December 31, 2019$(10,536)$104 $(10,432)
Other comprehensive income before reclassification4,424 (61)4,363 
Amounts reclassified from accumulated other comprehensive loss(5,234)— (5,234)
Other comprehensive loss(810)(61)(871)
Balance at December 31, 2020$(11,346)$43 $(11,303)