Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Reconciliation of NOI from Rental Real Estate Specific to Continuing Operations

The following table presents a reconciliation of NOI from our rental real estate for the quarters ended March 31, 2021 and 2020, respectively (amounts in thousands):

	Quarter Ended March 31,
	2021			2020
Rental income	$	597,602		$	682,305
Property and maintenance expense		(117,054	)		(115,816	)
Real estate taxes and insurance expense		(103,470	)		(97,732	)
Total operating expenses		(220,524	)		(213,548	)
Net operating income	$	377,078		$	468,757

Schedule of NOI for Each Segment from Rental Real Estate Specific to Continuing Operations

The following tables present NOI for each segment from our rental real estate for the quarters ended March 31, 2021 and 2020, respectively, as well as total assets and capital expenditures at March 31, 2021 (amounts in thousands):

	Quarter Ended March 31, 2021							Quarter Ended March 31, 2020
	Rental Income		Operating Expenses		NOI			Rental Income		Operating Expenses		NOI
Same store (1)
Los Angeles	$	116,345	$	39,201	$	77,144		$	126,495	$	38,837	$	87,658
Orange County		25,841		6,336		19,505			26,695		6,172		20,523
San Diego		18,740		4,639		14,101			18,777		4,585		14,192
Subtotal - Southern California		160,926		50,176		110,750			171,967		49,594		122,373
San Francisco		105,332		33,275		72,057			125,102		31,796		93,306
Washington D.C.		99,117		33,321		65,796			104,718		32,103		72,615
New York		99,754		53,076		46,678			118,025		50,909		67,116
Seattle		61,709		19,799		41,910			68,869		18,683		50,186
Boston		56,606		19,374		37,232			63,683		18,327		45,356
Denver		9,344		3,031		6,313			9,657		2,789		6,868
Total same store		592,788		212,052		380,736			662,021		204,201		457,820
Non-same store/other (2) (3)
Non-same store		4,660		1,445		3,215			4,163		1,246		2,917
Other (3)		154		7,027		(6,873	)		16,121		8,101		8,020
Total non-same store/other		4,814		8,472		(3,658	)		20,284		9,347		10,937
Totals	$	597,602	$	220,524	$	377,078		$	682,305	$	213,548	$	468,757

(1) For the quarters ended March 31, 2021 and 2020, same store primarily includes all properties acquired or completed that were stabilized prior to January 1, 2020, less properties subsequently sold, which represented 77,060 apartment units.

(2) For the quarters ended March 31, 2021 and 2020, non-same store primarily includes properties acquired after January 1, 2020, plus any properties in lease-up and not stabilized as of January 1, 2020.

(3) Other includes development, other corporate operations and operations prior to disposition for properties sold.

	Quarter Ended March 31, 2021
	Total Assets		Capital Expenditures
Same store (1)
Los Angeles	$	3,220,144	$	4,666
Orange County		384,585		1,056
San Diego		240,071		679
Subtotal - Southern California		3,844,800		6,401
San Francisco		3,472,556		3,936
Washington D.C.		3,323,572		6,325
New York		3,971,142		5,993
Seattle		2,010,532		2,139
Boston		1,742,381		3,469
Denver		507,264		355
Total same store		18,872,247		28,618
Non-same store/other (2) (3)
Non-same store		297,717		62
Other (3)		999,051		(1	)
Total non-same store/other		1,296,768		61
Totals	$	20,169,015	$	28,679

(1) Same store primarily includes all properties acquired or completed that were stabilized prior to January 1, 2020, less properties subsequently sold, which represented 77,060 apartment units.

(2) Non-same store primarily includes properties acquired after January 1, 2020, plus any properties in lease-up and not stabilized as of January 1, 2020.

(3) Other includes development, other corporate operations and capital expenditures for properties sold.