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EPLP -Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Rental properties:    
Land and land improvements $ 3,320,696 $ 3,246,789
Buildings and improvements 14,652,727 14,342,729
Total rental properties 17,973,423 17,589,518
Less: accumulated depreciation (6,263,819) (6,150,618)
Net real estate 11,709,604 11,438,900
Real estate under development 105,591 52,682
Co-investments 895,821 935,014
Real estate held for sale 47,653 0
Total real estate 12,758,669 12,426,596
Cash and cash equivalents-unrestricted 58,679 66,795
Cash and cash equivalents-restricted 9,205 9,051
Marketable securities 82,162 69,794
Notes and other receivables, net of allowance for credit losses of $0.5 million as of both June 30, 2025 and December 31, 2024 138,096 206,706
Operating lease right-of-use assets 52,519 51,556
Prepaid expenses and other assets 82,160 96,861
Total assets 13,181,490 12,927,359
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,519,922 5,473,788
Mortgage notes payable, net 874,532 989,884
Lines of credit and commercial paper 365,000 137,945
Accounts payable and accrued liabilities 188,708 212,747
Construction payable 27,069 14,347
Distributions payable 173,747 165,443
Distributions in excess of investments in co-investments 89,389 79,273
Liabilities associated with real estate held for sale 234 0
Operating lease liabilities 53,266 52,473
Other liabilities 50,787 50,220
Total liabilities 7,342,654 7,176,120
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 32,922 30,849
Limited Partners:    
Accumulated other comprehensive income, net 11,675 24,655
Noncontrolling interest 170,665 183,344
Total liabilities and equity 13,181,490 12,927,359
Essex Portfolio, L.P.    
Rental properties:    
Land and land improvements 3,320,696 3,246,789
Buildings and improvements 14,652,727 14,342,729
Total rental properties 17,973,423 17,589,518
Less: accumulated depreciation (6,263,819) (6,150,618)
Net real estate 11,709,604 11,438,900
Real estate under development 105,591 52,682
Co-investments 895,821 935,014
Real estate held for sale 47,653 0
Total real estate 12,758,669 12,426,596
Cash and cash equivalents-unrestricted 58,679 66,795
Cash and cash equivalents-restricted 9,205 9,051
Marketable securities 82,162 69,794
Notes and other receivables, net of allowance for credit losses of $0.5 million as of both June 30, 2025 and December 31, 2024 138,096 206,706
Operating lease right-of-use assets 52,519 51,556
Prepaid expenses and other assets 82,160 96,861
Total assets 13,181,490 12,927,359
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,519,922 5,473,788
Mortgage notes payable, net 874,532 989,884
Lines of credit and commercial paper 365,000 137,945
Accounts payable and accrued liabilities 188,708 212,747
Construction payable 27,069 14,347
Distributions payable 173,747 165,443
Distributions in excess of investments in co-investments 89,389 79,273
Liabilities associated with real estate held for sale 234 0
Operating lease liabilities 53,266 52,473
Other liabilities 50,787 50,220
Total liabilities 7,342,654 7,176,120
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 32,922 30,849
Limited Partners:    
Accumulated other comprehensive income, net 15,995 29,429
Total partners’ capital 5,704,378 5,615,238
Noncontrolling interest 101,536 105,152
Total capital 5,805,914 5,720,390
Total liabilities and equity 13,181,490 12,927,359
Essex Portfolio, L.P. | General Partner    
General Partner:    
Common equity (64,403,865 and 64,280,466 units issued and outstanding, respectively) 5,623,574 5,512,391
Essex Portfolio, L.P. | Limited Partners    
Limited Partners:    
Common equity (2,256,414 and 2,331,251 units issued and outstanding, respectively) 64,809 73,418
Essex Portfolio, L.P. | Common Equity | General Partner    
General Partner:    
Common equity (64,403,865 and 64,280,466 units issued and outstanding, respectively) 5,623,574 5,512,391
Limited Partners:    
Total capital 5,623,574 5,512,391
Essex Portfolio, L.P. | Common Equity | Limited Partners    
Limited Partners:    
Total capital $ 64,809 $ 73,418