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Organization and Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Marketable Securities
As of June 30, 2023 and December 31, 2022, marketable securities consisted of the following ($ in thousands):
 June 30, 2023
 CostGross
Unrealized Gain		Carrying Value
Equity securities:
Investment funds - debt securities$38,692 $(5,604)$33,088 
Common stock, preferred stock, and stock funds56,325 12,718 69,043 
Total - Marketable securities $95,017 $7,114 $102,131 

 December 31, 2022
 CostGross
Unrealized Loss		Carrying Value
Equity securities:
Investment funds - debt securities$43,155 $(6,771)$36,384 
Common stock, preferred stock, and stock funds78,481 (2,122)76,359 
Total - Marketable securities $121,636 $(8,893)$112,743 
Schedule of Changes in Accumulated Other Comprehensive Income, Net by Component
Changes in Accumulated Other Comprehensive Income, Net by Component

Essex Property Trust, Inc.
($ in thousands):
 Change in fair
value and amortization
of swap settlements
Balance at December 31, 2022$46,466 
Other comprehensive income before reclassification4,909 
Amounts reclassified from accumulated other comprehensive income 10 
Other comprehensive income4,919 
Balance at June 30, 2023$51,385 


Essex Portfolio, L.P.
($ in thousands):
 Change in fair
value and amortization
of swap settlements
Balance at December 31, 2022$52,010 
Other comprehensive income before reclassification5,082 
Amounts reclassified from accumulated other comprehensive income10 
Other comprehensive income5,092 
Balance at June 30, 2023$57,102 
Schedule of Changes to the Redemption Value of Noncontrolling Interests
The changes in the redemption value of redeemable noncontrolling interests for the six months ended June 30, 2023 is as follows ($ in thousands):
Balance at December 31, 2022$27,150 
Reclassification due to change in redemption value and other4,205 
Balance at June 30, 2023$31,355 
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 June 30, 2023December 31, 2022June 30, 2022December 31, 2021
Cash and cash equivalents - unrestricted$60,949 $33,295 $37,756 $48,420 
Cash and cash equivalents - restricted8,165 9,386 10,707 10,218 
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows$69,114 $42,681 $48,463 $58,638 
Schedule of Restricted Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 June 30, 2023December 31, 2022June 30, 2022December 31, 2021
Cash and cash equivalents - unrestricted$60,949 $33,295 $37,756 $48,420 
Cash and cash equivalents - restricted8,165 9,386 10,707 10,218 
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows$69,114 $42,681 $48,463 $58,638