XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Rental properties:    
Land and land improvements $ 2,453,093 $ 1,083,552
Buildings and improvements 8,820,657 4,360,205
Total rental properties 11,273,750 5,443,757
Less accumulated depreciation (1,469,991) (1,254,886)
Net real estate 9,803,759 4,188,871
Real estate under development 363,193 50,430
Co-investments 1,043,277 677,133
Real estate held for sale, net 107,772 0
Total real estate 11,318,001 4,916,434
Cash and cash equivalents-unrestricted 17,877 18,491
Cash and cash equivalents-restricted 70,123 35,275
Marketable securities 108,147 90,084
Notes and other receivables 22,973 68,255
Acquired in place lease value and other assets 98,381 33,781
Deferred charges, net 31,060 24,519
Total assets 11,666,562 5,186,839
Liabilities and Equity    
Mortgage notes payable 2,258,010 1,404,080
Unsecured debt 2,745,487 1,410,023
Lines of credit 222,628 219,421
Accounts payable and accrued liabilities 167,160 67,183
Construction payable 38,453 8,047
Dividends payable 87,609 50,627
Other liabilities 32,330 24,871
Total liabilities 5,551,677 3,184,252
Commitments and contingencies      
Redeemable noncontrolling interest 21,442 0
Cumulative convertible Series G preferred stock 0 4,349
Equity:    
Cumulative redeemable Series H preferred stock at liquidation value 73,750 73,750
Common stock, $.0001 par value, 656,020,000 shares authorized 63,229,790 and 37,421,219 shares issued and outstanding 6 4
Additional paid-in capital 6,569,442 2,345,763
Distributions in excess of accumulated earnings (608,498) (474,426)
Accumulated other comprehensive loss, net (51,408) (60,472)
Total stockholders' equity 5,983,292 1,884,619
Noncontrolling interest 110,151 113,619
Total equity 6,093,443 1,998,238
Total liabilities and equity 11,666,562 5,186,839
Essex Portfolio, L.P. [Member]
   
Rental properties:    
Land and land improvements 2,453,093 1,083,552
Buildings and improvements 8,820,657 4,360,205
Total rental properties 11,273,750 5,443,757
Less accumulated depreciation (1,469,991) (1,254,886)
Net real estate 9,803,759 4,188,871
Real estate under development 363,193 50,430
Co-investments 1,043,277 677,133
Real estate held for sale, net 107,772 0
Total real estate 11,318,001 4,916,434
Cash and cash equivalents-unrestricted 17,877 18,491
Cash and cash equivalents-restricted 70,123 35,275
Marketable securities 108,147 90,084
Notes and other receivables 22,973 68,255
Acquired in place lease value and other assets 98,381 33,781
Deferred charges, net 31,060 24,519
Total assets 11,666,562 5,186,839
Liabilities and Equity    
Mortgage notes payable 2,258,010 1,404,080
Unsecured debt 2,745,487 1,410,023
Lines of credit 222,628 219,421
Accounts payable and accrued liabilities 167,160 67,183
Construction payable 38,453 8,047
Distributions payable 87,609 50,627
Other liabilities 32,330 24,871
Total liabilities 5,551,677 3,184,252
Commitments and contingencies      
Redeemable noncontrolling interest 21,442 0
Cumulative convertible Series G preferred stock 0 4,349
Equity:    
Limited Partners, Common equity 45,439 45,957
Accumulated other comprehensive loss, net (49,503) (58,940)
Total partners' capital 6,030,638 1,932,108
Noncontrolling interest 62,805 66,130
Total capital 6,093,443 1,998,238
Total liabilities and equity 11,666,562 5,186,839
Essex Portfolio, L.P. [Member] | General Partner [Member]
   
Equity:    
General Partner 6,034,702 1,945,091
Essex Portfolio, L.P. [Member] | General Partner [Member] | Common Capital [Member]
   
Equity:    
General Partner 5,963,493 1,873,882
Total capital 5,963,493 1,873,882
Essex Portfolio, L.P. [Member] | General Partner [Member] | Preferred Capital [Member]
   
Equity:    
General Partner 71,209 71,209
Total capital $ 71,209 $ 71,209