Exhibit 12.1

ESSEX PORTFOLIO, L.P. AND SUBSIDIARIES

Schedule of computation of Ratio and Earnings to Fixed Charges and Preferred Unit Distributions

(Dollars in thousands, except ratios)

	Quarter
	ended
	June 30			Years ended December 31
	2013			2012			2011			2010			2009			2008
Earnings:
Income before discontinued operations	$	29,575		$	129,553		$	48,868		$	49,162		$	43,279		$	78,625
Gain on sales of real estate		-			-			-			-			(103	)		(4,578	)
Interest and amortization expense		29,327			111,888			103,168			87,584			86,016			85,063
Total earnings	$	58,902		$	241,441		$	152,036		$	136,746		$	129,192		$	159,110
Fixed charges:
Interest and amortization expense	$	29,327		$	111,888		$	103,168		$	87,584		$	86,016		$	85,063
Capitalized interest		4,383			10,346			8,240			9,486			10,463			10,908
Preferred interest distributions		1,368			5,472			4,753			2,170			4,860			9,241
Preferred unit distributions		-			-			1,650			6,300			6,300			9,909
Total fixed charges and preferred interests and preferred unit distributions	$	35,078		$	127,706		$	117,811		$	105,540		$	107,639		$	115,121
Ratio of earnings to fixed charges (excluding preferred interests and preferred unit distributions)		1.75	X		1.98	X		1.36	X		1.41	X		1.34	X		1.66	X
Ratio of earnings to combined fixed charges and preferred interests and preferred unit distributions		1.68	X		1.89	X		1.29	X		1.30	X		1.20	X		1.38	X