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CONSOLIDATED BALANCE SHEETS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
ASSETS      
Land $ 5,572,591 $ 5,606,531  
Depreciable property 24,158,601 24,039,412  
Projects under development 144,706 261,706  
Land held for development 59,772 63,142  
Investment in real estate 29,935,670 29,970,791  
Accumulated depreciation (10,611,129) (10,412,463)  
Investment in real estate, net 19,324,541 19,558,328  
Investments in unconsolidated entities 411,973 386,531  
Cash and cash equivalents 39,849 62,302 $ 44,535
Restricted deposits 101,694 97,864 152,025
Right-of-use assets 452,783 455,445  
Other assets 231,345 273,706  
Total assets 20,562,185 20,834,176  
Liabilities:      
Mortgage notes payable, net 1,593,803 1,630,690  
Notes, net 5,949,081 5,947,376  
Line of credit and commercial paper 304,000 543,679  
Accounts payable and accrued expenses 149,342 99,347  
Accrued interest payable 50,316 74,176  
Lease liabilities 304,148 304,897  
Other liabilities 274,374 310,559  
Security deposits 77,312 75,611  
Distributions payable 270,679 263,494  
Total liabilities 8,973,055 9,249,829  
Commitments and contingencies  
Redeemable Limited Partners 337,699 338,563 298,219
Partners’ Capital:      
Accumulated other comprehensive income (loss) 3,396 4,214  
Noncontrolling Interests – Partially Owned Properties (2,989) (718)  
Total liabilities and equity/capital 20,562,185 20,834,176  
ERPOP [Member]      
ASSETS      
Land 5,572,591 5,606,531  
Depreciable property 24,158,601 24,039,412  
Projects under development 144,706 261,706  
Land held for development 59,772 63,142  
Investment in real estate 29,935,670 29,970,791  
Accumulated depreciation (10,611,129) (10,412,463)  
Investment in real estate, net 19,324,541 19,558,328  
Investments in unconsolidated entities 411,973 386,531  
Cash and cash equivalents 39,849 62,302 44,535
Restricted deposits 101,694 97,864 152,025
Right-of-use assets 452,783 455,445  
Other assets 231,345 273,706  
Total assets 20,562,185 20,834,176  
Liabilities:      
Mortgage notes payable, net 1,593,803 1,630,690  
Notes, net 5,949,081 5,947,376  
Line of credit and commercial paper 304,000 543,679  
Accounts payable and accrued expenses 149,342 99,347  
Accrued interest payable 50,316 74,176  
Lease liabilities 304,148 304,897  
Other liabilities 274,374 310,559  
Security deposits 77,312 75,611  
Distributions payable 270,679 263,494  
Total liabilities 8,973,055 9,249,829  
Commitments and contingencies  
Redeemable Limited Partners 337,699 338,563 $ 298,219
Partners’ Capital:      
Preference Units 17,155 17,155  
General Partner 11,026,779 11,023,191  
Limited Partners 207,090 201,942  
Accumulated other comprehensive income (loss) 3,396 4,214  
Total partners’ capital 11,254,420 11,246,502  
Noncontrolling Interests – Partially Owned Properties (2,989) (718)  
Total capital 11,251,431 11,245,784  
Total liabilities and equity/capital $ 20,562,185 $ 20,834,176