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CONSOLIDATED STATEMENTS OF CASH FLOWS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,789,483,000 $ 496,805,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 830,097,000 516,940,000
Amortization of deferred financing costs 15,864,000 10,384,000
Amortization of Intangible Assets 2,214,000 0
Amortization of discounts and premiums on debt (37,612,000) (5,795,000)
Amortization of deferred settlements on derivative instruments 15,683,000 10,506,000
Write-off of pursuit costs 3,969,000 6,141,000
Income Loss from Investments in Unconsolidated Entities Adjustment 57,765,000 3,000
Distributions from unconsolidated entities - return on capital 1,519,000 454,000
(Gain) Loss on Sale of Securities, Net (830,000) 0
Net Gain on Sales of Unconsolidated Entities (16,000) 0
Gain Loss On Sale Of Land Parcels (12,179,000) 0
Net (gain) on sales of discontinued operations (1,990,577,000) (307,447,000)
Unrealized (gain) loss on derivative instruments 32,000 (1,000)
Compensation paid with Company Common Shares 29,019,000 20,836,000
Changes in assets and liabilities:    
(Increase) decrease in deposits - restricted 4,152,000 (2,250,000)
(Increase) decrease in mortgage deposits 271,000 (862,000)
(Increase) decrease in other assets 7,315,000 (14,039,000)
Increase in accounts payable and accrued expenses 65,001,000 67,479,000
(Decrease) in accrued interest payable (2,175,000) (9,252,000)
Increase (decrease) in other liabilities (5,427,000) 68,492,000
(Decrease) increase in security deposits (6,475,000) 3,472,000
Net cash provided by operating activities 767,093,000 861,866,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments to Acquire Businesses, Net of Cash Acquired (4,000,875,000) 0
Investment in real estate - acquisitions (108,308,000) (764,859,000)
Investment in real estate - development/other (256,965,000) (116,715,000)
Improvements to real estate (96,866,000) (114,535,000)
Additions to non-real estate property (3,359,000) (6,716,000)
Interest capitalized for real estate and unconsolidated entities under development (32,946,000) (15,776,000)
Proceeds from disposition of real estate, net 4,434,708,000 610,127,000
Investments in unconsolidated entities (59,363,000) (5,423,000)
Proceeds From Distributions Received From Unconsolidated Subsidiaries 25,471,000 0
Proceeds from Sale of Available-for-sale Securities 828,000 0
Decrease in deposits on real estate acquisitions and investments, net 147,890,000 31,677,000
Decrease in mortgage deposits 7,623,000 1,682,000
Acquisition of Noncontrolling Interests – Partially Owned Properties 0 (87,000)
Net cash (used for) provided by investing activities 57,838,000 (380,625,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Loan and bond acquisition costs (18,254,000) (4,599,000)
Mortgage Deposits (3,769,000) (590,000)
Mortgage notes payable:    
Proceeds from Issuance of Long-term Debt 5,951,000 0
Restricted cash 0 2,370,000
Scheduled principal repayments (9,527,000) (11,022,000)
Notes, net:    
Proceeds from Notes Payable 1,245,550,000 0
Lump sum payoffs (400,000,000) (253,858,000)
Line of Credit Facility:    
Proceeds 8,413,000,000 392,000,000
Repayments (8,413,000,000) (385,000,000)
Payments for (Proceeds from) Hedge, Financing Activities (44,013,000) 0
Proceeds from exercise of options 16,044,000 46,781,000
Redemption of Preferred Shares 0 (150,000,000)
Premium On Redemption Of Preferred Shares Cash 0 (21,000)
Payment of offering costs (954,000) (2,860,000)
Proceeds from (Payments for) Other Financing Activities (33,000) (33,000)
Contributions - Noncontrolling Interests - Partially Owned Properties 11,520,000 5,992,000
Contributions - Noncontrolling Interests - Operating Partnership 5,000 5,000
Distributions:    
Noncontrolling Interests – Partially Owned Properties (5,702,000) (4,742,000)
Net cash (used for) financing activities (464,760,000) (819,539,000)
Net (decrease) increase in cash and cash equivalents 360,171,000 (338,298,000)
Cash and cash equivalents, beginning of period 612,590,000 383,921,000
Cash and cash equivalents, end of period 972,761,000 45,623,000
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 451,495,000 353,329,000
Net cash paid for income and other taxes 1,064,000 573,000
Real estate acquisitions/dispositions/other:    
Mortgage loans assumed 0 137,644,000
Valuation Of O P Units Issued 0 66,606,000
AmortizationOfDeferredFinancingCosts [Abstract]    
Amortization Of Deferred Financing Costs Investment In Real Estate Net (152,000) 0
Amortization Of Deferred Financing Costs Deferred Financing Costs Net 16,016,000 10,384,000
Amortization of discounts and premiums on debt:    
Mortgage notes payable (39,232,000) (7,462,000)
Notes, net 1,620,000 1,667,000
Amortization of deferred settlements on derivative instruments:    
Other liabilities (401,000) (401,000)
Losses reclassified into earnings from other comprehensive income 16,084,000 10,907,000
Loss From Investments In Unconsolidated Entities [Abstract]    
Income Loss From Equity Method Investments Merger 51,923,000 3,000
Other Liabilities Loss From Investments in unconsolidated entities 5,842,000 0
Unrealized (gain) loss on derivative instruments:    
Other assets (10,609,000) 5,934,000
Mortgage notes payable 0 (2,589,000)
Notes, net (1,523,000) (3,345,000)
Other liabilities 3,427,000 12,336,000
Unrealized holding gains (losses) arising during the period 8,737,000 (12,337,000)
Acquisition of Archstone, net of cash acquired [Abstract]    
Acquisition of Archstone Investment in Real Estate Net (8,710,242,000) 0
Acquisition of Archstone Investments in Unconsolidated Entities (217,092,000) 0
Acquisition of Archstone Deposits Restricted (474,000) 0
Acquisition of Archstone Escrow Deposits Mortgage (35,897,000) 0
Acquisition of Archstone Deferred Financing Costs (25,780,000) 0
Acquisition of Archstone Other Assets (203,295,000) 0
Acquisition of Archstone Mortgage Notes Payable 3,076,876,000 0
Acquisition of Archstone Accounts Payable And Accrued Liabilities 17,576,000 0
Acqusition of Archstone Interest Payable 11,305,000 0
Acquisition of Archstone Other Liabilities 117,068,000 0
Acquisition of Archstone Security Deposits 10,949,000 0
Acquisition of Archstone Common Shares Issued 1,929,868,000 0
Acquisition of Archstone Noncontrolling Interests Partially Owned Properties 28,263,000 0
Interest capitalized for real estate and unconsolidated entities under development:    
Investment in real estate, net (31,648,000) (15,163,000)
Investment in unconsolidated entities (1,298,000) (613,000)
Investments in unconsolidated entities (9,317,000) (5,423,000)
Investments in unconsolidated entities other liabilities (50,046,000) 0
Other:    
Receivable For Common Shares OP Units Issued 0 28,457,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax 789,000 0
OPERATING PARTNERSHIP
   
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income 1,789,483,000 496,805,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 830,097,000 516,940,000
Amortization of deferred financing costs 15,864,000 10,384,000
Amortization of Intangible Assets 2,214,000 0
Amortization of discounts and premiums on debt (37,612,000) (5,795,000)
Amortization of deferred settlements on derivative instruments 15,683,000 10,506,000
Write-off of pursuit costs 3,969,000 6,141,000
Income Loss from Investments in Unconsolidated Entities Adjustment 57,765,000 3,000
Distributions from unconsolidated entities - return on capital 1,519,000 454,000
(Gain) Loss on Sale of Securities, Net (830,000) 0
Net Gain on Sales of Unconsolidated Entities (16,000) 0
Gain Loss On Sale Of Land Parcels (12,179,000) 0
Net (gain) on sales of discontinued operations (1,990,577,000) (307,447,000)
Unrealized (gain) loss on derivative instruments 32,000 (1,000)
Compensation paid with Company Common Shares 29,019,000 20,836,000
Changes in assets and liabilities:    
(Increase) decrease in deposits - restricted 4,152,000 (2,250,000)
(Increase) decrease in mortgage deposits 271,000 (862,000)
(Increase) decrease in other assets 7,315,000 (14,039,000)
Increase in accounts payable and accrued expenses 65,001,000 67,479,000
(Decrease) in accrued interest payable (2,175,000) (9,252,000)
Increase (decrease) in other liabilities (5,427,000) 68,492,000
(Decrease) increase in security deposits (6,475,000) 3,472,000
Net cash provided by operating activities 767,093,000 861,866,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments to Acquire Businesses, Net of Cash Acquired (4,000,875,000) 0
Investment in real estate - acquisitions (108,308,000) (764,859,000)
Investment in real estate - development/other (256,965,000) (116,715,000)
Improvements to real estate (96,866,000) (114,535,000)
Additions to non-real estate property (3,359,000) (6,716,000)
Interest capitalized for real estate and unconsolidated entities under development (32,946,000) (15,776,000)
Proceeds from disposition of real estate, net 4,434,708,000 610,127,000
Investments in unconsolidated entities (59,363,000) (5,423,000)
Proceeds From Distributions Received From Unconsolidated Subsidiaries 25,471,000 0
Proceeds from Sale of Available-for-sale Securities 828,000 0
Decrease in deposits on real estate acquisitions and investments, net 147,890,000 31,677,000
Decrease in mortgage deposits 7,623,000 1,682,000
Acquisition of Noncontrolling Interests – Partially Owned Properties 0 (87,000)
Net cash (used for) provided by investing activities 57,838,000 (380,625,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Loan and bond acquisition costs (18,254,000) (4,599,000)
Mortgage Deposits (3,769,000) (590,000)
Mortgage notes payable:    
Proceeds from Issuance of Long-term Debt 5,951,000 0
Restricted cash 0 2,370,000
Lump sum payoffs (701,762,000) (279,943,000)
Scheduled principal repayments (9,527,000) (11,022,000)
Notes, net:    
Proceeds from Notes Payable 1,245,550,000 0
Lump sum payoffs (400,000,000) (253,858,000)
Line of Credit Facility:    
Proceeds 8,413,000,000 392,000,000
Repayments (8,413,000,000) (385,000,000)
Payments for (Proceeds from) Hedge, Financing Activities (44,013,000) 0
Proceeds from sale of OP Units 0 220,753,000
Proceeds from EQR's Employee Share Purchase Plan (ESPP) 2,973,000 4,944,000
Proceeds from exercise of options 16,044,000 46,781,000
Redemption of Preferred Shares 0 (150,000,000)
Premium On Redemption Of Preferred Shares Cash 0 (21,000)
Payment of offering costs (954,000) (2,860,000)
Proceeds from (Payments for) Other Financing Activities (33,000) (33,000)
Contributions - Noncontrolling Interests - Partially Owned Properties 11,520,000 5,992,000
Contributions - Noncontrolling Interests - Operating Partnership 5,000 5,000
Distributions:    
OP Units - General Partner (537,464,000) (371,319,000)
Preference Units (3,109,000) (11,344,000)
OP Units - Limited Partners (22,216,000) (17,053,000)
Noncontrolling Interests – Partially Owned Properties (5,702,000) (4,742,000)
Net cash (used for) financing activities (464,760,000) (819,539,000)
Net (decrease) increase in cash and cash equivalents 360,171,000 (338,298,000)
Cash and cash equivalents, beginning of period 612,590,000 383,921,000
Cash and cash equivalents, end of period 972,761,000 45,623,000
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 451,495,000 353,329,000
Net cash paid for income and other taxes 1,064,000 573,000
Real estate acquisitions/dispositions/other:    
Mortgage loans assumed 0 137,644,000
Valuation Of O P Units Issued 0 66,606,000
AmortizationOfDeferredFinancingCosts [Abstract]    
Amortization Of Deferred Financing Costs Investment In Real Estate Net (152,000) 0
Amortization Of Deferred Financing Costs Deferred Financing Costs Net 16,016,000 10,384,000
Amortization of discounts and premiums on debt:    
Mortgage notes payable (39,232,000) (7,462,000)
Notes, net 1,620,000 1,667,000
Amortization of deferred settlements on derivative instruments:    
Other liabilities (401,000) (401,000)
Losses reclassified into earnings from other comprehensive income 16,084,000 10,907,000
Loss From Investments In Unconsolidated Entities [Abstract]    
Income Loss From Equity Method Investments Merger 51,923,000 3,000
Other Liabilities Loss From Investments in unconsolidated entities 5,842,000 0
Unrealized (gain) loss on derivative instruments:    
Other assets (10,609,000) 5,934,000
Mortgage notes payable 0 (2,589,000)
Notes, net (1,523,000) (3,345,000)
Other liabilities 3,427,000 12,336,000
Unrealized holding gains (losses) arising during the period 8,737,000 (12,337,000)
Acquisition of Archstone, net of cash acquired [Abstract]    
Acquisition of Archstone Investment in Real Estate Net (8,710,242,000) 0
Acquisition of Archstone Investments in Unconsolidated Entities (217,092,000) 0
Acquisition of Archstone Deposits Restricted (474,000) 0
Acquisition of Archstone Escrow Deposits Mortgage (35,897,000) 0
Acquisition of Archstone Deferred Financing Costs (25,780,000) 0
Acquisition of Archstone Other Assets (203,295,000) 0
Acquisition of Archstone Mortgage Notes Payable 3,076,876,000 0
Acquisition of Archstone Accounts Payable And Accrued Liabilities 17,576,000 0
Acqusition of Archstone Interest Payable 11,305,000 0
Acquisition of Archstone Other Liabilities 117,068,000 0
Acquisition of Archstone Security Deposits 10,949,000 0
Acquisition of Archstone Common Shares Issued 1,929,868,000 0
Acquisition of Archstone Noncontrolling Interests Partially Owned Properties 28,263,000 0
Interest capitalized for real estate and unconsolidated entities under development:    
Investment in real estate, net (31,648,000) (15,163,000)
Investment in unconsolidated entities (1,298,000) (613,000)
Investments in unconsolidated entities (9,317,000) (5,423,000)
Investments in unconsolidated entities other liabilities (50,046,000) 0
Other:    
Receivable For Common Shares OP Units Issued 0 28,457,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax $ 789,000 $ 0