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Organization and Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Marketable Securities
As of June 30, 2024 and December 31, 2023, marketable securities consisted of the following ($ in thousands):
 June 30, 2024
 CostGross
Unrealized Gain (Loss)		Carrying Value
Equity securities:
Investment funds - debt securities$17,959 $(1,741)$16,218 
Common stock, preferred stock, and stock funds51,401 16,672 68,073 
Total - Marketable securities $69,360 $14,931 $84,291 

 December 31, 2023
 CostGross
Unrealized Gain (loss)		Carrying Value
Equity securities:
Investment funds - debt securities$26,460 $(1,584)$24,876 
Common stock, preferred stock, and stock funds51,328 11,591 62,919 
Total - Marketable securities $77,788 $10,007 $87,795 
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, 2023$33,556 
Other comprehensive income before reclassification5,297 
Amounts reclassified from accumulated other comprehensive income 24 
Other comprehensive income5,321 
Balance at June 30, 2024$38,877 


Essex Portfolio, L.P.
($ in thousands):
 Change in fair
value and amortization
of swap settlements
Balance at December 31, 2023$38,646 
Other comprehensive income before reclassification5,483 
Amounts reclassified from accumulated other comprehensive income25 
Other comprehensive income5,508 
Balance at June 30, 2024$44,154 
Schedule of Changes to the Redemption Value of Noncontrolling Interests
The changes in the redemption value of redeemable noncontrolling interests for the six months ended June 30, 2024 is as follows ($ in thousands):
Balance at December 31, 2023$32,205 
Reclassification due to change in redemption value and other1,684 
Balance at June 30, 2024$33,889 
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 June 30, 2024December 31, 2023June 30, 2023December 31, 2022
Cash and cash equivalents - unrestricted$55,223 $391,749 $60,949 $33,295 
Cash and cash equivalents - restricted8,928 8,585 8,165 9,386 
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows$64,151 $400,334 $69,114 $42,681 
Schedule of Restricted Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 June 30, 2024December 31, 2023June 30, 2023December 31, 2022
Cash and cash equivalents - unrestricted$55,223 $391,749 $60,949 $33,295 
Cash and cash equivalents - restricted8,928 8,585 8,165 9,386 
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows$64,151 $400,334 $69,114 $42,681