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EPLP - Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Rental properties:    
Land and land improvements $ 3,043,321 $ 3,032,678
Buildings and improvements 12,922,906 12,597,249
Total rental properties 15,966,227 15,629,927
Less: accumulated depreciation (5,152,133) (4,646,854)
Net real estate 10,814,094 10,983,073
Real estate under development 24,857 111,562
Co-investments 1,127,491 1,177,802
Total real estate 11,966,442 12,272,437
Cash and cash equivalents-unrestricted 33,295 48,420
Cash and cash equivalents-restricted 9,386 10,218
Marketable securities, net of allowance for credit losses of zero as of both December 31, 2022 and December 31, 2021 112,743 191,829
Notes and other receivables, net of allowance for credit losses of $0.3 million and $0.8 million as of December 31, 2022 and December 31, 2021 (includes related party receivables of $7.0 million and $176.9 million as of December 31, 2022 and December 31, 2021, respectively) 103,045 341,033
Operating lease right-of-use assets 67,239 68,972
Prepaid expenses and other assets 80,755 64,964
Total assets 12,372,905 12,997,873
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,312,168 5,307,196
Mortgage notes payable, net 593,943 638,957
Lines of credit 52,073 341,257
Accounts payable and accrued liabilities 165,461 180,751
Construction payable 23,159 29,136
Dividends payable 149,166 143,213
Distributions in excess of investments in co-investments 42,532 35,545
Operating lease liabilities 68,696 70,675
Other liabilities 43,441 39,969
Total liabilities 6,450,639 6,786,699
Commitments and contingencies
Redeemable noncontrolling interest 27,150 34,666
Limited Partners:    
Accumulated other comprehensive income (loss), net 46,466 (5,552)
Noncontrolling interest 178,744 182,905
Total liabilities and capital 12,372,905 12,997,873
Essex Portfolio, L.P.    
Rental properties:    
Land and land improvements 3,043,321 3,032,678
Buildings and improvements 12,922,906 12,597,249
Total rental properties 15,966,227 15,629,927
Less: accumulated depreciation (5,152,133) (4,646,854)
Net real estate 10,814,094 10,983,073
Real estate under development 24,857 111,562
Co-investments 1,127,491 1,177,802
Total real estate 11,966,442 12,272,437
Cash and cash equivalents-unrestricted 33,295 48,420
Cash and cash equivalents-restricted 9,386 10,218
Marketable securities, net of allowance for credit losses of zero as of both December 31, 2022 and December 31, 2021 112,743 191,829
Notes and other receivables, net of allowance for credit losses of $0.3 million and $0.8 million as of December 31, 2022 and December 31, 2021 (includes related party receivables of $7.0 million and $176.9 million as of December 31, 2022 and December 31, 2021, respectively) 103,045 341,033
Operating lease right-of-use assets 67,239 68,972
Prepaid expenses and other assets 80,755 64,964
Total assets 12,372,905 12,997,873
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,312,168 5,307,196
Mortgage notes payable, net 593,943 638,957
Lines of credit 52,073 341,257
Accounts payable and accrued liabilities 165,461 180,751
Construction payable 23,159 29,136
Dividends payable 149,166 143,213
Distributions in excess of investments in co-investments 42,532 35,545
Operating lease liabilities 68,696 70,675
Other liabilities 43,441 39,969
Total liabilities 6,450,639 6,786,699
Commitments and contingencies
Redeemable noncontrolling interest 27,150 34,666
Limited Partners:    
Accumulated other comprehensive income (loss), net 52,010 (1,804)
Total partners' capital 5,773,370 6,053,853
Noncontrolling interest 121,746 122,655
Total capital 5,895,116 6,176,508
Total liabilities and capital 12,372,905 12,997,873
Essex Portfolio, L.P. | General Partner    
General Partner:    
Common equity (64,604,603 and 65,248,393 units issued and outstanding, respectively) 5,669,906 5,999,155
Essex Portfolio, L.P. | General Partner | Common Equity    
General Partner:    
Common equity (64,604,603 and 65,248,393 units issued and outstanding, respectively) 5,669,906 5,999,155
Limited Partners:    
Total capital 5,669,906 5,999,155
Essex Portfolio, L.P. | Limited Partner    
Limited Partners:    
Common equity (2,272,496 and 2,282,464 units issued and outstanding, respectively) 51,454 56,502
Essex Portfolio, L.P. | Limited Partner | Common Equity    
Limited Partners:    
Total capital $ 51,454 $ 56,502