XML 69 R48.htm IDEA: XBRL DOCUMENT v3.20.4
Real Estate Investments - Acquisitions (Details)
1 Months Ended 12 Months Ended
Jan. 31, 2020
USD ($)
community
apartment
Dec. 31, 2019
USD ($)
unit
Dec. 31, 2020
USD ($)
unit
Dec. 31, 2019
USD ($)
community
apartment
Dec. 31, 2018
USD ($)
Schedule of Equity Method Investments [Line Items]          
Number of units acquired | unit     2,020    
Purchase Price     $ 463,400,000 $ 373,300,000  
Gain on remeasurement of co-investment     234,694,000 31,535,000 $ 1,253,000
Investment in real estate     15,061,745,000    
Encumbrance     643,550,000    
CPPIB Interest          
Schedule of Equity Method Investments [Line Items]          
Investment interest acquired 45.00%        
Value of property held by acquired investment $ 1,000,000,000.0        
Gain on remeasurement of co-investment 234,700,000        
Promote income $ 6,500,000        
Land and Land Improvements          
Schedule of Equity Method Investments [Line Items]          
Purchase Price     189,000,000.0    
Building and Improvements          
Schedule of Equity Method Investments [Line Items]          
Purchase Price     846,000,000.0    
Prepaid Expenses and Other Assets          
Schedule of Equity Method Investments [Line Items]          
Purchase Price     $ 10,000,000.0    
Hidden Valley          
Schedule of Equity Method Investments [Line Items]          
Purchase Price   $ 24,200,000      
Limited partnership interest   25.00%      
Investment in real estate   $ 97,000,000.0   97,000,000.0  
Encumbrance   $ 29,700,000   $ 29,700,000  
Apartment Building          
Schedule of Equity Method Investments [Line Items]          
Number of communities held by acquired investment | community       4  
Number of units held by acquired investment | apartment       849  
Apartment Building | CPPIB Interest          
Schedule of Equity Method Investments [Line Items]          
Number of units acquired | unit     2,020    
Essex Ownership Percentage     100.00%    
Purchase Price     $ 463,400,000    
Number of communities held by acquired investment | community 6        
Number of units held by acquired investment | apartment 2,020        
Apartment Building | Hidden Valley          
Schedule of Equity Method Investments [Line Items]          
Number of units acquired | unit   324