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EPLP - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Rental properties:    
Land and land improvements $ 3,031,415 $ 3,043,321
Buildings and improvements 12,910,492 12,922,906
Total rental properties 15,941,907 15,966,227
Less: accumulated depreciation (5,254,874) (5,152,133)
Net real estate 10,687,033 10,814,094
Real estate under development 21,909 24,857
Co-investments 1,131,183 1,127,491
Total real estate 11,840,125 11,966,442
Cash and cash equivalents-unrestricted 67,712 33,295
Cash and cash equivalents-restricted 9,446 9,386
Marketable securities, net of allowance for credit losses of zero as of both March 31, 2023 and December 31, 2022 107,002 112,743
Notes and other receivables, net of allowance for credit losses of $0.4 million and $0.3 million as of March 31, 2023 and December 31, 2022, respectively (includes related party receivables of $6.9 million and $7.0 million as of March 31, 2023 and December 31, 2022, respectively) 120,586 103,045
Operating lease right-of-use assets 66,373 67,239
Prepaid expenses and other assets 68,530 80,755
Total assets 12,279,774 12,372,905
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,313,701 5,312,168
Mortgage notes payable, net 593,147 593,943
Lines of credit 457 52,073
Accounts payable and accrued liabilities 208,072 165,461
Construction payable 19,810 23,159
Dividends payable 155,720 149,166
Distributions in excess of investments in co-investments 50,309 42,532
Operating lease liabilities 67,772 68,696
Other liabilities 43,721 43,441
Total liabilities 6,452,709 6,450,639
Commitments and contingencies
Redeemable noncontrolling interest 30,208 27,150
Limited Partners:    
Accumulated other comprehensive income 36,522 46,466
Noncontrolling interest 178,076 178,744
Total liabilities and equity 12,279,774 12,372,905
Essex Portfolio, L.P.    
Rental properties:    
Land and land improvements 3,031,415 3,043,321
Buildings and improvements 12,910,492 12,922,906
Total rental properties 15,941,907 15,966,227
Less: accumulated depreciation (5,254,874) (5,152,133)
Net real estate 10,687,033 10,814,094
Real estate under development 21,909 24,857
Co-investments 1,131,183 1,127,491
Total real estate 11,840,125 11,966,442
Cash and cash equivalents-unrestricted 67,712 33,295
Cash and cash equivalents-restricted 9,446 9,386
Marketable securities, net of allowance for credit losses of zero as of both March 31, 2023 and December 31, 2022 107,002 112,743
Notes and other receivables, net of allowance for credit losses of $0.4 million and $0.3 million as of March 31, 2023 and December 31, 2022, respectively (includes related party receivables of $6.9 million and $7.0 million as of March 31, 2023 and December 31, 2022, respectively) 120,586 103,045
Operating lease right-of-use assets 66,373 67,239
Prepaid expenses and other assets 68,530 80,755
Total assets 12,279,774 12,372,905
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,313,701 5,312,168
Mortgage notes payable, net 593,147 593,943
Lines of credit 457 52,073
Accounts payable and accrued liabilities 208,072 165,461
Construction payable 19,810 23,159
Dividends payable 155,720 149,166
Distributions in excess of investments in co-investments 50,309 42,532
Operating lease liabilities 67,772 68,696
Other liabilities 43,721 43,441
Total liabilities 6,452,709 6,450,639
Commitments and contingencies
Redeemable noncontrolling interest 30,208 27,150
Limited Partners:    
Accumulated other comprehensive income 41,716 52,010
Total partners' capital 5,675,360 5,773,370
Noncontrolling interest 121,497 121,746
Total capital 5,796,857 5,895,116
Total liabilities and equity 12,279,774 12,372,905
Essex Portfolio, L.P. | General Partner    
General Partner:    
Common equity (64,181,614 and 64,604,603 units issued and outstanding, respectively) 5,582,259 5,669,906
Essex Portfolio, L.P. | Limited Partners    
Limited Partners:    
Common equity (2,260,842 and 2,272,496 units issued and outstanding, respectively) 51,385 51,454
Essex Portfolio, L.P. | Common Equity | General Partner    
General Partner:    
Common equity (64,181,614 and 64,604,603 units issued and outstanding, respectively) 5,582,259 5,669,906
Limited Partners:    
Total capital 5,582,259 5,669,906
Essex Portfolio, L.P. | Common Equity | Limited Partners    
Limited Partners:    
Total capital $ 51,385 $ 51,454