Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2011

Schedule III - Real Estate and Accumulated Depreciation [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

ESSEX PROPERTY TRUST, INC. AND SUBSIDIARIES

Financial Statement Schedule III

Real Estate and Accumulated Depreciation

December 31, 2011

(Dollars in thousands)

											Costs
							Initial cost				capitalized		Gross amount carried at close of period
									Buildings and		subsequent to		Land and		Buildings and				Accumulated		Date of		Date		Lives
Property		Units		Location	Encumbrance		Land		improvements		acquisition		improvements		improvements		Total(1)		depreciation		construction		acquired		(years)
	Encumbered communities
	Alpine Village		301	Alpine, CA		15,690		4,967		19,728		3,062		4,982		22,775		27,757		7,170		1971		12/02		3-30
	Anchor Village		301	Mukilteo, WA		10,750		2,498		10,595		10,541		2,824		20,810		23,634		8,070		1981		01/97		3-30
	Avondale at Warner Center		446	Woodland Hills, CA		47,396		10,536		24,522		13,764		10,601		38,221		48,822		17,483		1970		01/97		3-30
	Bridgeport		184	Newark, CA		22,051		1,608		7,582		5,605		1,525		13,270		14,795		8,870		1987		07/87		3-30
	Barkley, The(2)		161	Anaheim, CA		17,015		-		8,520		4,229		2,353		10,396		12,749		3,975		1984		04/00		3-30
	Bel Air		462	San Ramon, CA		56,759		12,105		18,252		19,590		12,682		37,265		49,947		17,133		1988		01/97		3-30
	Belmont Station		275	Los Angeles, CA		30,045		8,100		66,666		2,645		8,267		69,144		77,411		10,007		2008		12/08		3-30
	Bella Villagio		231	San Jose, CA		38,834		17,247		40,343		1,295		17,247		41,638		58,885		1,802		2004		09/10		3-30
	Brentwood		140	Santa Ana, CA		19,603		2,833		11,303		5,282		3,502		15,916		19,418		5,049		1970		11/01		3-30
	Brighton Ridge		264	Renton, WA		14,948		2,623		10,800		2,560		2,656		13,327		15,983		6,654		1986		12/96		3-30
	Brookside Oaks		170	Sunnyvale, CA		20,277		7,301		16,310		19,168		10,328		32,451		42,779		9,673		1973		06/00		3-30
	Camarillo Oaks		564	Camarillo, CA		48,622		10,953		25,254		2,362		11,075		27,494		38,569		14,171		1985		07/96		3-30
	Camino Ruiz Square		160	Camarillo, CA		21,110		6,871		26,119		685		6,931		26,744		33,675		4,555		1990		12/06		3-30
	Canyon Oaks		250	San Ramon, CA		29,389		19,088		44,473		1,028		19,088		45,501		64,589		7,191		2005		05/07		3-30
	Canyon Pointe		250	Bothell, WA		14,689		4,692		18,288		3,116		4,693		21,403		26,096		6,118		1990		10/03		3-30
	Capri at Sunny Hills		100	Fullerton, CA		18,132		3,337		13,320		5,639		4,048		18,248		22,296		6,026		1961		09/01		3-30
	Carlyle, The		132	San Jose, CA		18,936		3,954		15,277		9,718		5,801		23,148		28,949		8,372		2000		04/00		3-30
	City View		572	Hayward, CA		64,254		9,883		37,670		20,103		10,350		57,306		67,656		25,819		1975		03/98		3-30
	Coldwater Canyon		39	Studio City, CA		5,623		1,674		6,640		1,108		1,676		7,746		9,422		1,589		1979		05/07		3-30
	Courtyard off Main		109	Bellevue, WA		16,491		7,465		21,405		1,265		7,465		22,670		30,135		924		2000		10/10		3-30
	Devonshire		276	Hemet, CA		10,216		3,470		13,786		1,981		3,482		15,755		19,237		5,080		1988		12/02		3-30
	Elevation (Eagle Rim)		157	Redmond, WA		12,087		4,758		14,285		3,840		4,757		18,125		22,882		1,077		1986		06/10		3-30
	Emerald Ridge - North		180	Bellevue, WA		9,967		3,449		7,801		2,592		3,449		10,393		13,842		6,101		1987		11/94		3-30
	Esplanade		278	San Jose, CA		45,836		18,170		40,086		5,065		18,429		44,892		63,321		11,393		2002		11/04		3-30
	Evergreen Heights		200	Kirkland, WA		10,143		3,566		13,395		2,704		3,649		16,016		19,665		7,619		1990		06/97		3-30
	Fairwood Pond		194	Renton, WA		13,574		5,296		15,564		1,782		5,297		17,345		22,642		4,511		1997		10/04		3-30
	Fountain Park		705	Playa Vista, CA		97,747		25,073		94,980		20,409		25,203		115,259		140,462		31,693		2002		02/04		3-30
	Harvest Park		104	Santa Rosa, CA		10,895		6,700		15,479		720		6,690		16,209		22,899		2,769		2004		03/07		3-30
	Hampton Place		132	Glendale, CA		21,602		4,288		11,081		3,033		4,307		14,095		18,402		5,901		1970		06/99		3-30
	Hidden Valley		324	Simi Valley, CA		31,180		14,174		34,065		1,155		11,663		37,731		49,394		9,383		2004		12/04		3-30
	Highridge		255	Rancho Palos Verdes, CA		44,807		5,419		18,347		20,037		6,073		37,730		43,803		14,420		1972		05/97		3-30
	Highlands at Wynhaven		333	Issaquah, WA		33,859		16,271		48,932		3,595		16,271		52,527		68,798		6,280		2000		08/08		3-30
	Hillcrest Park		608	Newbury Park, CA		70,707		15,318		40,601		12,920		15,755		53,084		68,839		23,030		1973		03/98		3-30
	Hillsborough Park		235	La Habra, CA		38,566		6,291		15,455		1,029		6,272		16,503		22,775		6,820		1999		09/99		3-30
	Huntington Breakers		342	Huntington Beach, CA		39,321		9,306		22,720		4,601		9,315		27,312		36,627		12,592		1984		10/97		3-30
	Inglenook Court		224	Bothell, WA		8,300		3,467		7,881		5,251		3,474		13,125		16,599		7,262		1985		10/94		3-30
	Kings Road		196	Los Angeles, CA		29,863		4,023		9,527		7,148		4,031		16,667		20,698		6,856		1979		06/97		3-30
	Le Parc Luxury Apartments		140	Santa Clara, CA		12,678		3,090		7,421		10,704		3,092		18,123		21,215		7,834		1975		02/94		3-30
	Marbrisa		202	Long Beach, CA		19,391		4,700		18,605		2,026		4,760		20,571		25,331		6,506		1987		09/02		3-30
	Mirabella		188	Marina Del Rey, CA		47,154		6,180		26,673		12,220		6,270		38,803		45,073		12,680		2000		05/00		3-30
	Mill Creek at Windermere		400	San Ramon, CA		50,787		29,551		69,032		1,242		29,551		70,274		99,825		10,199		2005		09/07		3-30
	Park Place/Windsor Court/Cochran		176	Los Angeles, CA		20,299		4,965		11,806		7,613		5,015		19,369		24,384		9,093		1988		08/97		3-30
	Montclaire, The		390	Sunnyvale, CA		47,934		4,842		19,776		19,287		4,997		38,908		43,905		24,654		1973		12/88		3-30
	Montejo		124	Garden Grove, CA		13,538		1,925		7,685		2,029		2,194		9,445		11,639		3,351		1974		11/01		3-30
	Monterey Villas		122	Oxnard, CA		12,776		2,349		5,579		4,425		2,424		9,929		12,353		4,209		1974		07/97		3-30
	Park Hill at Issaquah		245	Issaquah, CA		29,956		7,284		21,937		1,488		7,284		23,425		30,709		5,965		1999		02/99		3-30

											Costs
							Initial cost				capitalized		Gross amount carried at close of period
									Buildings and		subsequent to		Land and		Buildings and				Accumulated		Date of		Date		Lives
Property		Units		Location	Encumbrance		Land		improvements		acquisition		improvements		improvements		Total(1)		depreciation		construction		acquired		(years)
	Encumbered communities (continued)
	Palisades, The		192	Bellevue, WA		21,596		1,560		6,242		9,390		1,565		15,627		17,192		9,084		1977		05/90		3-30
	Pathways		296	Long Beach, CA		38,747		4,083		16,757		17,418		6,239		32,019		38,258		18,707		1975		02/91		3-30
	Pointe at Cupertino, The		116	Cupertino, CA		12,173		4,505		17,605		7,383		4,505		24,988		29,493		5,141		1963		08/98		3-30
	101 San Fernando		323	San Jose, CA		35,261		4,173		58,961		2,332		4,173		61,293		65,466		3,059		2001		07/10		3-30
	Sammamish View		153	Bellevue, WA		10,020		3,324		7,501		5,255		3,331		12,749		16,080		7,296		1986		11/94		3-30
	Stevenson Place		200	Fremont, CA		22,320		996		5,582		6,594		1,001		12,171		13,172		8,074		1971		04/83		3-30
	Stonehedge Village		196	Bothell, WA		12,907		3,167		12,603		3,501		3,201		16,070		19,271		7,642		1986		10/97		3-30
	Summerhill Park		100	Sunnyvale, CA		13,971		2,654		4,918		956		2,656		5,872		8,528		4,253		1988		09/88		3-30
	Summit Park		300	San Diego, CA		19,457		5,959		23,670		2,984		5,977		26,636		32,613		8,564		1972		12/02		3-30
	The Bernard		63	Seattle, CA		10,344		3,699		11,345		5		3,699		11,350		15,049		108		2008		09/11		3-30
	Magnolia Square		156	Sunnyvale, CA		18,589		8,190		19,306		8,465		8,191		27,770		35,961		3,427		1969		09/07		3-30
	Tierra Vista		404	Oxnard, CA		58,462		13,652		53,336		1,837		13,661		55,164		68,825		14,308		2001		01/01		3-30
	Treehouse		164	Santa Ana, CA		17,568		2,626		10,485		3,863		2,957		14,017		16,974		4,371		1970		11/01		3-30
	Valley Park		160	Fountain Valley, CA		22,983		3,361		13,420		3,123		3,761		16,143		19,904		5,481		1969		11/01		3-30
	Villa Angelina		256	Placentia, CA		28,020		4,498		17,962		3,101		4,962		20,599		25,561		6,910		1970		11/01		3-30
	Vista Belvedere		76	Tiburon, CA		10,499		5,573		11,901		3,445		5,573		15,346		20,919		4,457		1963		08/04		3-30
	Wandering Creek		156	Kent, WA		5,300		1,285		4,980		3,144		1,296		8,113		9,409		4,499		1986		11/95		3-30
	Waterford, The		238	San Jose, CA		31,975		11,808		24,500		12,052		15,165		33,195		48,360		12,433		2000		06/00		3-30
	Wilshire Promenade		149	Fullerton, CA		18,560		3,118		7,385		6,395		3,797		13,101		16,898		5,288		1992		01/97		3-30
	Wharfside Pointe		142	Seattle, WA		7,277		2,245		7,020		5,531		2,258		12,538		14,796		6,155		1990		06/94		3-30
						1,729,822		442,136		1,391,045		398,435		459,766		1,771,849		2,231,615		557,187
	Unencumbered communities
	Allegro		97	Valley Village, CA				5,869		23,977		792		5,869		24,769		30,638		1,323		2010		10/10		3-30
	Alpine Country		108	Alpine, CA				1,741		6,914		869		1,746		7,778		9,524		2,413		1986		12/02		3-30
	Anavia		250	Anaheim, CA				15,925		63,712		5,243		15,925		68,955		84,880		2,360		2009		12/10		3-30
	Axis 2300		115	Irvine, CA				5,405		33,585		438		5,405		34,023		39,428		1,988		2010		08/10		3-30
	Bluffs II, The		224	San Diego, CA				3,405		7,743		8,622		3,442		16,328		19,770		4,995		1974		06/97		3-30
	Bellerive		63	Los Angeles, CA				5,401		21,803		363		5,401		22,166		27,567		325		2011		08/11		3-30
	Belmont Terrace		71	Belmont, CA				4,446		10,290		2,118		4,473		12,381		16,854		2,959		1974		10/06		3-30
	Bonita Cedars		120	Bonita, CA				2,496		9,913		1,418		2,503		11,324		13,827		3,643		1983		12/02		3-30
	Boulevard		172	Fremont, CA				3,520		8,182		9,707		3,580		17,829		21,409		8,521		1978		01/96		3-30
	Bridle Trails		108	Kirkland, WA				1,500		5,930		4,922		1,531		10,821		12,352		4,656		1986		10/97		3-30
	Bristol Commons		188	Sunnyvale, CA				5,278		11,853		1,537		5,293		13,375		18,668		6,789		1989		01/97		3-30
	416 on Broadway		115	Glendale, CA				8,557		34,235		425		8,557		34,660		43,217		1,207		2009		12/10		3-30
	Bunker Hill		456	Los Angeles, CA				11,498		27,871		3,632		11,639		31,362		43,001		14,263		1968		03/98		3-30
	Cairns, The		100	Seattle, WA				6,937		20,679		240		6,939		20,917		27,856		3,215		2006		06/07		3-30
	Cambridge		40	Chula Vista, CA				497		1,973		309		498		2,281		2,779		731		1965		12/02		3-30
	Castle Creek		216	Newcastle, WA				4,149		16,028		1,925		4,833		17,269		22,102		8,526		1997		12/97		3-30
	CBC Apartments		148	Goleta, CA				6,283		24,000		2,263		6,288		26,258		32,546		5,650		1962		01/06		3-30
	Cedar Terrace		180	Bellevue, WA				5,543		16,442		3,346		5,652		19,679		25,331		5,295		1984		01/05		3-30
	Chimney Sweep Apartments		91	Goleta, CA				5,558		21,320		1,738		5,618		22,998		28,616		5,691		1967		01/06		3-30
	Chestnut Street		96	Santa Cruz, CA				6,582		15,689		884		6,582		16,573		23,155		1,967		2002		07/08		3-30
	The Commons		264	Campbell, CA				12,555		29,307		3,438		12,556		32,744		45,300		1,710		1973		07/10		3-30
	Corbella at Juanita Bay		169	Kirkland, WA				5,801		17,415		645		5,801		18,060		23,861		706		1978		11/10		3-30
	Country Villas		180	Oceanside, CA				4,174		16,583		2,183		4,187		18,753		22,940		6,111		1976		12/02		3-30
	Delano		66	Redmond, WA				3,527		10,600		0		3,527		10,600		14,127		15		2005		12/11		3-30

											Costs
							Initial cost				capitalized		Gross amount carried at close of period
									Buildings and		subsequent to		Land and		Buildings and				Accumulated		Date of		Date		Lives
Property		Units		Location	Encumbrance		Land		improvements		acquisition		improvements		improvements		Total(1)		depreciation		construction		acquired		(years)
	Unencumbered communities (continued)
	Monterra del Mar/Rey/Sol		292	Pasadena, CA				2,202		4,794		27,733		8,385		26,344		34,729		10,915		1972		04/99		3-30
	Fairways(3)		74	Newport Beach, CA				-		7,850		2,106		9		9,947		9,956		4,112		1972		06/99		3-30
	Foothill Commons		388	Bellevue, WA				2,435		9,821		28,562		2,440		38,378		40,818		15,129		1978		03/90		3-30
	Foothill Gardens/Twin Creeks		176	San Ramon, CA				5,875		13,992		2,515		5,964		16,418		22,382		8,311		1985		02/97		3-30
	Forest View		192	Renton, WA				3,731		14,530		979		3,731		15,509		19,240		4,524		1998		10/03		3-30
	Fountain Court		320	Seattle, WA				6,702		27,306		2,741		6,985		29,764		36,749		12,332		2000		03/00		3-30
	Fourth & U		171	Berkeley, CA				8,879		52,351		1,271		8,879		53,622		62,501		3,275		2010		04/10		3-30
	Hampton Court		83	Glendale, CA				2,407		5,672		1,843		2,426		7,496		9,922		3,049		1974		06/99		3-30
	Hillsdale Garden Apartments		697	San Mateo, CA				22,000		94,681		13,308		22,244		107,745		129,989		18,625		1948		09/06		3-30
	Hope Ranch Collection		108	Santa Barbara, CA				4,078		16,877		2,011		4,208		18,758		22,966		2,645		1965		03/07		3-30
	Joule		295	Seattle, WA				14,558		69,417		1,910		14,558		71,327		85,885		4,467		2010		03/10		3-30
	1000 Kiely		121	Santa Clara, CA				9,359		21,845		1,167		9,359		23,012		32,371		601		1971		03/11		3-30
	Linden Square		183	Seattle, WA				4,374		11,588		1,721		4,202		13,481		17,683		5,091		1994		06/00		3-30
	Lofts at Pinehurst, The		118	Ventura, CA				1,570		3,912		3,851		1,618		7,715		9,333		3,120		1971		06/97		3-30
	Magnolia Lane(4)		32	Sunnyvale, CA				-		5,430		173		-		5,603		5,603		871		2001		06/07		3-30
	Marbella, The		60	Los Angeles, CA				2,826		11,269		2,870		2,871		14,094		16,965		3,874		1991		09/05		3-30
	Marina City Club(5)		101	Marina Del Rey, CA				-		28,167		4,845		-		33,012		33,012		9,046		1971		01/04		3-30
	Marina Cove(6)		292	Santa Clara, CA				5,320		16,431		6,403		5,324		22,830		28,154		12,103		1974		06/94		3-30
	Mariners Place		105	Oxnard, CA				1,555		6,103		1,601		1,562		7,697		9,259		3,105		1987		05/00		3-30
	Meadowood		320	Simi Valley, CA				7,852		18,592		4,380		7,898		22,926		30,824		11,000		1986		11/96		3-30
	Mesa Village		133	Clairemont, CA				1,888		7,498		936		1,894		8,428		10,322		2,536		1963		12/02		3-30
	Mira Monte		355	Mira Mesa, CA				7,165		28,459		7,336		7,186		35,774		42,960		12,507		1982		12/02		3-30
	Mission Hills		282	Oceanside, CA				10,099		38,778		3,554		10,167		42,264		52,431		10,092		1984		07/05		3-30
	Mt. Sutro		99	San Francisco, CA				2,334		8,507		2,504		2,809		10,536		13,345		4,445		1973		06/01		3-30
	Muse		152	Hollywood, CA				39,100		-		2,697		7,823		33,974		41,797		1,410		11/10		09/10		3-30
	Pinehurst(7)		28	Ventura, CA				355		1,356		364		6		2,069		2,075		628		1973		12/04		3-30
	Regency at Encino		75	Encino, CA				3,184		12,737		1,094		3,184		13,830		17,014		1,099		1989		12/09		3-30
	Salmon Run at Perry Creek		132	Bothell, WA				3,717		11,483		864		3,801		12,263		16,064		4,541		2000		10/00		3-30
	San Marcos		432	Richmond, CA				15,563		36,204		25,997		22,866		54,898		77,764		15,222		2003		11/03		3-30
	Santee Court		165	Los Angeles, CA				6,177		24,716		517		6,177		25,233		31,410		1,039		2004		10/10		3-30
	Santee Village		73	Los Angeles, CA				3,404		15,601		640		3,404		16,241		19,645		230		2011		07/11		3-30
	Shadow Point		172	Spring Valley, CA				2,812		11,170		1,666		2,820		12,828		15,648		4,062		1983		12/02		3-30
	The Laurels at Mill Creek		164	Mill Creek, WA				1,559		6,430		4,472		1,595		10,866		12,461		4,872		1981		12/96		3-30
	The Grand		243	Oakland, CA				4,531		89,208		3,755		4,531		92,963		97,494		9,851		2009		01/09		3-30
	Tierra del Sol/Norte		156	El Cajon, CA				2,455		9,753		1,033		2,463		10,778		13,241		3,440		1969		12/02		3-30
	Trabucco Villas		132	Lake Forest, CA				3,638		8,640		1,469		3,890		9,857		13,747		4,462		1985		10/97		3-30
	Tuscana		30	Tracy, CA				2,828		6,599		155		2,870		6,712		9,582		1,036		2007		02/07		3-30
	Via		284	Sunnyvale, CA				22,000		-		82,270		22,016		82,254		104,270		1,051		07/09		04/08		3-30
	Vista Capri - North		106	San Diego, CA				1,663		6,609		788		1,668		7,392		9,060		2,228		1975		12/02		3-30
	Walnut Heights		163	Walnut, CA				4,858		19,168		1,883		4,887		21,022		25,909		5,929		1964		10/03		3-30
	Windsor Ridge		216	Sunnyvale, CA				4,017		10,315		4,342		4,021		14,653		18,674		10,382		1989		03/89		3-30
	Woodland Commons		236	Bellevue, WA				2,040		8,727		9,235		2,044		17,958		20,002		8,915		1978		03/90		3-30
	Woodside Village		145	Ventura, CA				5,331		21,036		2,413		5,341		23,439		28,780		5,706		1987		12/04		3-30
			27,419			1,729,822		835,224		2,670,710		727,465		837,737		3,395,662		4,233,399		904,125

										Costs
	Rentable					Initial cost				capitalized		Gross amount carried at close of period
	Square							Buildings and		subsequent to		Land and		Buildings and				Accumulated		Date of		Date		Lives
Property	Footage		Location	Encumbrance		Land		improvements		acquisition		improvements		improvements		Total(1)		depreciation		construction		acquired		(years)
Other real estate assets
Office Buildings
Essex Hollywood		35,000	Los Angeles, CA				10,200		13,800		2,154		10,200		15,954		26,154		3,740		1938		07/06		3-30
Santa Clara Square		139,000	Santa Clara, CA		10,388		6,472		11,704		1,670		6,472		13,374		19,846		734		1970		09/11		3-30
925/935 East Meadow		31,900	Palo Alto, CA				1,401		3,172		7,985		3,147		9,411		12,558		3,173		1988		11/97		3-30
17461 Derian		110,000	Irvine, CA				3,079		12,315		5,713		3,105		18,002		21,107		8,254		1983		07/00		3-30
Consolidated Development Pipeline					5,648		25,139		-		19,147		44,280		-		44,280		-
Total apartment communities and other real estate assets				$	1,745,858	$	881,515	$	2,711,701	$	764,134	$	904,941	$	3,452,403	$	4,357,344	$	920,026

(1)  The aggregate cost for federal income tax purposes is approximately $3.0 billion (unaudited).

(2)  The land is leased pursuant to a ground lease expiring 2082.

(3)  The land is leased pursuant to a ground lease expiring 2027.

(4)  The land is leased pursuant to a ground lease expiring 2070.

(5)  The land is leased pursuant to a ground lease expiring 2067.

(6)  A portion of land is leased pursuant to a ground lease expiring in 2028.

(7)  The land is leased pursuant to a ground lease expiring in 2028.

A summary of activity for rental properties and accumulated depreciation is as follows:
	2011			2010		2009				2011			2010		2009
Rental properties:									Accumulated depreciation:
Balance at beginning of year	$	3,964,561		$	3,310,152	$	3,177,010		Balance at beginning of year	$	775,553		$	646,686	$	537,248
Improvements		68,338			51,101		79,094		Depreciation expense - Acquisitions		1,279			2,505		18
Acquisition of real estate		103,300			387,300		16,000		Depreciation expense - Discontinued operations		315			700		1,224
Development of real estate		195,634			216,008		74,590		Depreciation expense - Rental properties		148,337			125,662		116,033
Disposition of real estate		(18,769	)		-		(36,542	)	Dispositions		(5,458	)		-		(7,837	)
Balance at the end of year	$	4,313,064		$	3,964,561	$	3,310,152		Balance at the end of year	$	920,026		$	775,553	$	646,686