Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III-Real Estate and Accumulated Depreciation

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

Overall Summary

December 31, 2020

	Properties		Apartment Units		Investment in Real Estate, Gross		Accumulated Depreciation			Investment in Real Estate, Net		Encumbrances (1)
Wholly Owned Unencumbered		246		64,363	$	22,528,561,227	$	(6,521,859,521	)	$	16,006,701,706	$	—
Wholly Owned Encumbered		42		10,127		3,704,582,050		(1,032,587,859	)		2,671,994,191		2,088,144,904
Wholly Owned Properties		288		74,490		26,233,143,277		(7,554,447,380	)		18,678,695,897		2,088,144,904
Partially Owned Unencumbered		14		2,699		672,990,027		(231,543,640	)		441,446,387		—
Partially Owned Encumbered		2		700		297,191,796		(73,666,183	)		223,525,613		205,744,819
Partially Owned Properties		16		3,399		970,181,823		(305,209,823	)		664,972,000		205,744,819
Total Unencumbered Properties		260		67,062		23,201,551,254		(6,753,403,161	)		16,448,148,093		—
Total Encumbered Properties		44		10,827		4,001,773,846		(1,106,254,042	)		2,895,519,804		2,293,889,723
Total Consolidated Investment in Real Estate		304		77,889	$	27,203,325,100	$	(7,859,657,203	)	$	19,343,667,897	$	2,293,889,723

(1) See attached Encumbrances Reconciliation.

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

Encumbrances Reconciliation

December 31, 2020

Portfolio/Entity Encumbrances	Number of Properties Encumbered by		See Properties With Note:	Amount
Archstone Master Property Holdings LLC		13	H	$	798,691,865
Portfolio/Entity Encumbrances		13			798,691,865
Individual Property Encumbrances					1,495,197,858
Total Encumbrances per Financial Statements				$	2,293,889,723

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III – Real Estate and Accumulated Depreciation

(Amounts in thousands)

The changes in total real estate for the years ended December 31, 2020, 2019 and 2018 are as follows:

	2020			2019			2018
Balance, beginning of year	$	27,533,607		$	26,511,022		$	26,026,896
Acquisitions and development		298,847			1,704,320			855,254
Improvements		154,433			180,944			192,661
Dispositions and other		(783,562	)		(862,679	)		(563,789	)
Balance, end of year	$	27,203,325		$	27,533,607		$	26,511,022

The changes in accumulated depreciation for the years ended December 31, 2020, 2019 and 2018 are as follows:

	2020			2019			2018
Balance, beginning of year	$	7,276,786		$	6,696,281		$	6,040,378
Depreciation		820,832			831,083			785,725
Dispositions and other		(237,961	)		(250,578	)		(129,822	)
Balance, end of year	$	7,859,657		$	7,276,786		$	6,696,281

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2020

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/20
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/20		Encumbrances
Wholly Owned Unencumbered:
100 K Apartments (fka 100K Street)	Washington, D.C.		—	2018		222	$	15,600,000	$	70,296,069	$	18,484	$	15,600,000	$	70,314,553	$	85,914,553	$	(6,076,767	)	$	79,837,786	$	—
140 Riverside Boulevard	New York, NY	G		2003		354		103,539,100		94,082,725		10,817,358		103,539,100		104,900,083		208,439,183		(56,324,733	)		152,114,450		—
160 Riverside Boulevard	New York, NY	G		2001		455		139,933,500		190,964,745		18,135,193		139,933,500		209,099,938		349,033,438		(112,149,211	)		236,884,227		—
170 Amsterdam	New York, NY	G		2015		236		—		112,096,955		734,040		—		112,830,995		112,830,995		(25,078,672	)		87,752,323		—
175 Kent	Brooklyn, NY	G		2011		113		22,037,831		53,962,169		2,476,612		22,037,831		56,438,781		78,476,612		(20,147,633	)		58,328,979		—
180 Montague (fka Brooklyn Heights)	Brooklyn, NY	G		2000		193		32,400,000		92,675,228		5,346,485		32,400,000		98,021,713		130,421,713		(30,697,551	)		99,724,162		—
180 Riverside Boulevard	New York, NY	G		1998		516		144,968,250		138,346,681		16,593,445		144,968,250		154,940,126		299,908,376		(83,930,689	)		215,977,687		—
1210 Mass	Washington, D.C.	G		2004		144		9,213,512		36,559,189		3,222,293		9,213,512		39,781,482		48,994,994		(21,574,097	)		27,420,897		—
1401 Joyce on Pentagon Row	Arlington, VA		—	2004		326		9,780,000		89,668,165		5,636,363		9,780,000		95,304,528		105,084,528		(41,418,326	)		63,666,202		—
1500 Mass Ave	Washington, D.C.	G		1951		556		54,638,298		40,361,702		16,685,633		54,638,298		57,047,335		111,685,633		(31,601,970	)		80,083,663		—
1800 Oak (fka Rosslyn)	Arlington, VA	G		2003		314		31,400,000		109,005,734		8,912,514		31,400,000		117,918,248		149,318,248		(37,308,243	)		112,010,005		—
2201 Pershing Drive	Arlington, VA	G		2012		188		11,321,198		49,674,175		2,798,189		11,321,198		52,472,364		63,793,562		(17,223,799	)		46,569,763		—
2201 Wilson	Arlington, VA	G		2000		219		21,900,000		78,724,663		5,288,939		21,900,000		84,013,602		105,913,602		(26,463,239	)		79,450,363		—
2400 M St	Washington, D.C.	G		2006		359		30,006,593		114,013,785		4,779,484		30,006,593		118,793,269		148,799,862		(61,688,804	)		87,111,058		—
315 on A	Boston, MA	G		2013		202		14,450,070		115,824,930		1,442,998		14,450,070		117,267,928		131,717,998		(27,148,732	)		104,569,266		—
340 Fremont (fka Rincon Hill)	San Francisco, CA		—	2016		348		42,000,000		248,608,702		366,576		42,000,000		248,975,278		290,975,278		(43,051,114	)		247,924,164		—
341 Nevins	Brooklyn, NY		—	(F)		—		3,621,717		261,079		—		3,621,717		261,079		3,882,796		—			3,882,796		—
3003 Van Ness (fka Van Ness)	Washington, D.C.		—	1970		625		56,300,000		141,191,580		8,427,901		56,300,000		149,619,481		205,919,481		(49,200,506	)		156,718,975		—
425 Mass	Washington, D.C.	G		2009		559		28,150,000		138,600,000		5,317,169		28,150,000		143,917,169		172,067,169		(58,212,092	)		113,855,077		—
455 Eye Street	Washington, D.C.	G		2017		174		11,941,407		61,418,689		59,540		11,941,407		61,478,229		73,419,636		(8,480,027	)		64,939,609		—
4th and Hill	Los Angeles, CA		—	(F)		—		13,131,456		18,548,300		—		13,131,456		18,548,300		31,679,756		—			31,679,756		—
55 West Fifth I & II (fka Townhouse Plaza and Gardens)	San Mateo, CA		—	1964/1972		241		21,041,710		71,931,323		14,359,593		21,041,710		86,290,916		107,332,626		(32,617,071	)		74,715,555		—
600 Washington	New York, NY	G		2004		135		32,852,000		43,140,551		2,440,539		32,852,000		45,581,090		78,433,090		(23,873,446	)		54,559,644		—
660 Washington (fka Boston Common)	Boston, MA	G		2006		420		106,100,000		166,311,679		7,631,972		106,100,000		173,943,651		280,043,651		(52,935,820	)		227,107,831		—
70 Greene	Jersey City, NJ	G		2010		480		28,108,899		236,763,553		3,894,770		28,108,899		240,658,323		268,767,222		(90,074,628	)		178,692,594		—
71 Broadway	New York, NY	G		1997		238		22,611,600		77,492,171		18,570,618		22,611,600		96,062,789		118,674,389		(55,283,708	)		63,390,681		—
77 Bluxome	San Francisco, CA		—	2007		102		5,249,124		18,609,876		498,937		5,249,124		19,108,813		24,357,937		(7,020,181	)		17,337,756		—
77 Park Avenue (fka Hoboken)	Hoboken, NJ	G		2000		301		27,900,000		168,992,440		8,837,952		27,900,000		177,830,392		205,730,392		(54,327,929	)		151,402,463		—
777 Sixth	New York, NY	G		2002		294		65,352,706		65,747,294		5,748,406		65,352,706		71,495,700		136,848,406		(33,061,181	)		103,787,225		—
88 Hillside	Daly City, CA	G		2011		95		7,786,800		31,587,325		3,442,015		7,786,800		35,029,340		42,816,140		(12,829,331	)		29,986,809		—
855 Brannan	San Francisco, CA	G		2018		449		41,363,921		282,133,994		132,534		41,363,921		282,266,528		323,630,449		(34,706,782	)		288,923,667		—
929 Mass (fka 929 House)	Cambridge, MA	G		1975		127		3,252,993		21,745,595		8,432,225		3,252,993		30,177,820		33,430,813		(21,091,399	)		12,339,414		—
Academy Village	North Hollywood, CA		—	1989		248		25,000,000		23,593,194		11,156,576		25,000,000		34,749,770		59,749,770		(21,580,086	)		38,169,684		—
Acappella	Pasadena, CA		—	2002		143		5,839,548		29,360,452		2,419,827		5,839,548		31,780,279		37,619,827		(13,423,512	)		24,196,315		—
Acton Courtyard	Berkeley, CA	G		2003		71		5,550,000		15,785,509		445,554		5,550,000		16,231,063		21,781,063		(8,147,133	)		13,633,930		—
Alban Towers	Washington, D.C.		—	1934		229		18,900,000		89,794,201		7,195,879		18,900,000		96,990,080		115,890,080		(29,449,847	)		86,440,233		—
Alborada	Fremont, CA		—	1999		442		24,310,000		59,214,129		9,737,294		24,310,000		68,951,423		93,261,423		(47,184,982	)		46,076,441		—
Alcott Apartments (fka West End Tower)	Boston, MA	G		(F)		—		10,424,000		257,358,529		—		10,424,000		257,358,529		267,782,529		—			267,782,529		—
Altitude (fka Village at Howard Hughes, The (Lots 1 & 2))	Los Angeles, CA		—	2016		545		43,783,485		150,235,105		612,403		43,783,485		150,847,508		194,630,993		(26,754,900	)		167,876,093		—
Alton, The (fka Millikan)	Irvine, CA		—	2017		344		11,049,027		96,524,128		243,844		11,049,027		96,767,972		107,816,999		(15,320,884	)		92,496,115		—
Arbor Terrace	Sunnyvale, CA		—	1979		175		9,057,300		18,483,642		11,966,964		9,057,300		30,450,606		39,507,906		(19,584,926	)		19,922,980		—
Arches, The	Sunnyvale, CA		—	1974		410		26,650,000		62,850,000		3,279,238		26,650,000		66,129,238		92,779,238		(27,016,180	)		65,763,058		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2020

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/20
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/20		Encumbrances
Artisan on Second	Los Angeles, CA		—	2008		118		8,000,400		36,074,600		1,298,143		8,000,400		37,372,743		45,373,143		(14,173,055	)		31,200,088		—
Artistry Emeryville (fka Emeryville)	Emeryville, CA		—	1994		267		12,300,000		61,466,267		7,368,364		12,300,000		68,834,631		81,134,631		(23,980,609	)		57,154,022		—
Atelier	Brooklyn, NY	G		2015		120		32,401,680		47,135,432		515,334		32,401,680		47,650,766		80,052,446		(10,219,483	)		69,832,963		—
Avenue Two	Redwood City, CA		—	1972		123		7,995,000		18,005,000		2,509,228		7,995,000		20,514,228		28,509,228		(8,409,710	)		20,099,518		—
Axis at Shady Grove	Rockville, MD		—	2016		366		14,745,774		90,503,831		240,588		14,745,774		90,744,419		105,490,193		(11,084,271	)		94,405,922		—
Azure (fka Mission Bay-Block 13)	San Francisco, CA		—	2015		273		32,855,115		153,567,641		479,066		32,855,115		154,046,707		186,901,822		(30,930,604	)		155,971,218		—
Bay Hill	Long Beach, CA		—	2002		160		7,600,000		27,437,239		4,043,249		7,600,000		31,480,488		39,080,488		(17,947,925	)		21,132,563		—
Beatrice, The	New York, NY		—	2010		302		114,351,405		165,648,595		2,437,470		114,351,405		168,086,065		282,437,470		(56,957,402	)		225,480,068		—
Bella Vista I, II, III Combined	Woodland Hills, CA		—	2003-2007		579		31,682,754		121,095,786		11,255,581		31,682,754		132,351,367		164,034,121		(68,433,638	)		95,600,483		—
Belle Arts Condominium Homes, LLC	Bellevue, WA		—	2000		1		63,158		236,157		2,098		63,158		238,255		301,413		(99,931	)		201,482		—
Belle Fontaine	Marina Del Rey, CA		—	2003		102		9,098,808		28,701,192		2,356,766		9,098,808		31,057,958		40,156,766		(11,041,933	)		29,114,833		—
Breakwater at Marina Del Rey	Marina Del Rey, CA		—	1964-1969		224		—		73,189,262		2,420,327		—		75,609,589		75,609,589		(25,201,234	)		50,408,355		—
Briarwood (CA)	Sunnyvale, CA		—	1985		192		9,991,500		22,247,278		4,418,254		9,991,500		26,665,532		36,657,032		(20,063,847	)		16,593,185		—
Brodie, The	Westminster, CO		—	2016		312		8,639,904		79,254,618		685,818		8,639,904		79,940,436		88,580,340		(8,800,355	)		79,779,985		—
Brooklyner, The (fka 111 Lawrence)	Brooklyn, NY	G		2010		490		40,099,922		221,438,631		5,139,174		40,099,922		226,577,805		266,677,727		(77,766,873	)		188,910,854		—
C on Pico	Los Angeles, CA		—	2014		94		17,125,766		28,074,234		607,130		17,125,766		28,681,364		45,807,130		(6,042,014	)		39,765,116		—
Carlyle Mill	Alexandria, VA		—	2002		317		10,000,000		51,367,913		9,482,880		10,000,000		60,850,793		70,850,793		(37,283,170	)		33,567,623		—
Carmel Terrace	San Diego, CA		—	1988-1989		384		2,288,300		20,596,281		12,821,204		2,288,300		33,417,485		35,705,785		(29,568,634	)		6,137,151		—
Cascade	Seattle, WA	G		2017		477		23,751,564		149,384,842		58,556		23,751,564		149,443,398		173,194,962		(20,377,508	)		152,817,454		—
Centennial (fka Centennial Court & Centennial Tower)	Seattle, WA	G		1991/2001		408		9,700,000		70,080,378		14,204,709		9,700,000		84,285,087		93,985,087		(47,446,620	)		46,538,467		—
Centre Club Combined	Ontario, CA		—	1994 & 2002		412		7,436,000		33,014,789		9,778,429		7,436,000		42,793,218		50,229,218		(28,483,810	)		21,745,408		—
Chelsea Square	Redmond, WA		—	1991		113		3,397,100		9,289,074		3,046,308		3,397,100		12,335,382		15,732,482		(9,272,305	)		6,460,177		—
Chloe on Madison (fka 1401 E. Madison)	Seattle, WA	G		2019		137		10,401,958		53,750,777		2,916		10,401,958		53,753,693		64,155,651		(2,655,541	)		61,500,110		—
Chloe on Union (fka Chloe)	Seattle, WA	G		2010		117		14,835,571		39,359,650		2,872,330		14,835,571		42,231,980		57,067,551		(6,417,475	)		50,650,076		—
Church Corner	Cambridge, MA	G		1987		85		5,220,000		16,744,643		3,414,899		5,220,000		20,159,542		25,379,542		(11,781,658	)		13,597,884		—
City Gate at Cupertino (fka Cupertino)	Cupertino, CA		—	1998		311		40,400,000		95,937,046		7,718,239		40,400,000		103,655,285		144,055,285		(33,293,690	)		110,761,595		—
City Square Bellevue (fka Bellevue)	Bellevue, WA	G		1998		191		15,100,000		41,876,257		3,956,888		15,100,000		45,833,145		60,933,145		(15,186,445	)		45,746,700		—
Clarendon, The	Arlington, VA	G		2005		292		30,400,340		103,824,660		2,799,573		30,400,340		106,624,233		137,024,573		(40,439,940	)		96,584,633		—
Cleo, The	Los Angeles, CA		—	1989		92		6,615,467		14,829,335		4,278,181		6,615,467		19,107,516		25,722,983		(10,359,000	)		15,363,983		—
Connecticut Heights	Washington, D.C.		—	1974		518		27,600,000		114,002,295		10,672,491		27,600,000		124,674,786		152,274,786		(38,864,851	)		113,409,935		—
Corcoran House at DuPont Circle (fka DuPont Circle)	Washington, D.C.	G		1961		138		13,500,000		26,913,113		4,106,014		13,500,000		31,019,127		44,519,127		(10,154,028	)		34,365,099		—
Courthouse Plaza	Arlington, VA	G		1990		396		—		87,386,024		6,926,335		—		94,312,359		94,312,359		(31,836,593	)		62,475,766		—
Creekside (San Mateo)	San Mateo, CA		—	1985		192		9,606,600		21,193,232		5,528,464		9,606,600		26,721,696		36,328,296		(19,983,009	)		16,345,287		—
Cronins Landing	Waltham, MA	G		1998		281		32,300,000		85,119,324		12,705,880		32,300,000		97,825,204		130,125,204		(31,367,886	)		98,757,318		—
Crystal Place	Arlington, VA		—	1986		181		17,200,000		47,918,975		4,101,843		17,200,000		52,020,818		69,220,818		(17,674,647	)		51,546,171		—
Dalton, The	Alexandria, VA	G		2018		270		22,947,777		95,334,754		95,439		22,947,777		95,430,193		118,377,970		(7,103,749	)		111,274,221		—
Deerwood (SD)	San Diego, CA		—	1990		316		2,082,095		18,739,815		16,342,739		2,082,095		35,082,554		37,164,649		(31,387,018	)		5,777,631		—
Del Mar Ridge	San Diego, CA		—	1998		181		7,801,824		36,948,176		4,478,037		7,801,824		41,426,213		49,228,037		(19,145,873	)		30,082,164		—
Eagle Canyon	Chino Hills, CA		—	1985		252		1,808,900		16,274,361		11,453,379		1,808,900		27,727,740		29,536,640		(21,958,570	)		7,578,070		—
Edge, The (fka 4885 Edgemoor Lane)	Bethesda, MD		—	(F)		—		—		52,311,710		—		—		52,311,710		52,311,710		—			52,311,710		—
Edgemont at Bethesda Metro	Bethesda, MD		—	1989		122		13,092,552		43,907,448		2,485,329		13,092,552		46,392,777		59,485,329		(16,714,861	)		42,770,468		—
Emerson Place	Boston, MA	G		1962		444		14,855,000		57,566,636		36,095,829		14,855,000		93,662,465		108,517,465		(67,775,615	)		40,741,850		—
Encore at Sherman Oaks, The	Sherman Oaks, CA		—	1988		174		8,700,000		25,446,003		4,521,390		8,700,000		29,967,393		38,667,393		(11,941,930	)		26,725,463		—
Eviva on Cherokee	Denver, CO		—	2017		274		10,507,626		100,037,204		512,431		10,507,626		100,549,635		111,057,261		(10,488,698	)		100,568,563		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2020

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)			Gross Amount Carried at Close of Period 12/31/20
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures			Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/20		Encumbrances
Fountains at Emerald Park (fka Emerald Park)	Dublin, CA		—	2000		324		25,900,000		83,986,217		4,735,333			25,900,000		88,721,550		114,621,550		(28,555,812	)		86,065,738		—
Fremont Center	Fremont, CA	G		2002		322		25,800,000		78,753,114		5,103,474			25,800,000		83,856,588		109,656,588		(27,673,493	)		81,983,095		—
Gaithersburg Station	Gaithersburg, MD	G		2013		400		17,500,000		74,678,917		4,636,691			17,500,000		79,315,608		96,815,608		(23,625,030	)		73,190,578		—
Gallery, The	Hermosa Beach, CA		—	1971		169		18,144,000		46,567,941		3,103,348			18,144,000		49,671,289		67,815,289		(26,326,719	)		41,488,570		—
Gateway at Malden Center	Malden, MA	G		1988		203		9,209,780		25,722,666		17,360,595			9,209,780		43,083,261		52,293,041		(28,698,550	)		23,594,491		—
Geary Court Yard	San Francisco, CA		—	1990		165		1,722,400		15,471,429		6,286,909			1,722,400		21,758,338		23,480,738		(16,463,219	)		7,017,519		—
Girard	Boston, MA	G		2016		160		—		102,450,328		921,575			—		103,371,903		103,371,903		(14,956,283	)		88,415,620		—
Hampshire Place	Los Angeles, CA		—	1989		259		10,806,000		30,335,330		8,663,329			10,806,000		38,998,659		49,804,659		(21,516,455	)		28,288,204		—
Harbor Steps	Seattle, WA	G		2000		761		59,403,601		158,829,432		43,131,840			59,403,601		201,961,272		261,364,873		(105,902,659	)		155,462,214		—
Hathaway	Long Beach, CA		—	1987		385		2,512,500		22,611,912		14,527,190			2,512,500		37,139,102		39,651,602		(28,554,178	)		11,097,424		—
Helios (fka 2nd+Pine)	Seattle, WA	G		2017		398		18,061,674		206,761,817		183,520			18,061,674		206,945,337		225,007,011		(28,336,441	)		196,670,570		—
Heritage at Stone Ridge	Burlington, MA		—	2005		180		10,800,000		31,808,335		3,054,858			10,800,000		34,863,193		45,663,193		(19,026,623	)		26,636,570		—
Heritage Ridge	Lynwood, WA		—	1999		197		6,895,000		18,983,597		4,683,392			6,895,000		23,666,989		30,561,989		(12,962,130	)		17,599,859		—
Hesby	North Hollywood, CA		—	2013		308		23,299,892		102,700,108		2,406,522			23,299,892		105,106,630		128,406,522		(28,701,909	)		99,704,613		—
Highlands at South Plainfield	South Plainfield, NJ		—	2000		252		10,080,000		37,526,912		2,930,209			10,080,000		40,457,121		50,537,121		(21,704,492	)		28,832,629		—
Hikari	Los Angeles, CA	G		2007		128		9,435,760		32,564,240		1,055,340			9,435,760		33,619,580		43,055,340		(12,719,419	)		30,335,921		—
Hillside ll	Daly City, CA		—	(F)		—		—		1,892,874		—			—		1,892,874		1,892,874		—			1,892,874		—
Hudson Crossing	New York, NY	G		2003		259		23,420,000		69,977,699		3,305,385			23,420,000		73,283,084		96,703,084		(41,028,871	)		55,674,213		—
Hudson Pointe	Jersey City, NJ		—	2003		182		5,350,000		41,114,074		7,258,907			5,350,000		48,372,981		53,722,981		(28,021,673	)		25,701,308		—
Huxley, The	Redwood City, CA		—	2018		137		18,775,028		89,336,651		38,505			18,775,028		89,375,156		108,150,184		(7,124,237	)		101,025,947		—
Ivory Wood	Bothell, WA		—	2000		144		2,732,800		13,888,282		1,964,134			2,732,800		15,852,416		18,585,216		(9,126,262	)		9,458,954		—
Jia (fka Chinatown Gateway)	Los Angeles, CA	G		2014		280		14,791,831		78,218,492		917,303			14,791,831		79,135,795		93,927,626		(25,013,639	)		68,913,987		—
Junction 47 (fka West Seattle)	Seattle, WA	G		2015		206		11,726,305		56,584,312		256,046			11,726,305		56,840,358		68,566,663		(12,195,811	)		56,370,852		—
Kelvin, The (fka Modera)	Irvine, CA		—	2015		194		15,521,552		64,853,448		778,776			15,521,552		65,632,224		81,153,776		(15,146,860	)		66,006,916		—
Laguna Clara	Santa Clara, CA		—	1972		264		13,642,420		31,270,480		7,218,616			13,642,420		38,489,096		52,131,516		(21,078,780	)		31,052,736		—
Landings at Port Imperial	W. New York, NJ		—	1999		276		27,246,045		37,741,050		15,622,471			27,246,045		53,363,521		80,609,566		(35,393,712	)		45,215,854		—
Lane	Seattle, WA	G		2019		217		13,142,946		71,933,303		65,928			13,142,946		71,999,231		85,142,177		(4,558,633	)		80,583,544		—
Lex, The	San Jose, CA		—	2017		387		21,817,512		158,778,598		462,150			21,817,512		159,240,748		181,058,260		(15,000,565	)		166,057,695		—
Liberty Park	Braintree, MA		—	2000		202		5,977,504		26,749,111		7,808,575			5,977,504		34,557,686		40,535,190		(21,422,606	)		19,112,584		—
Liberty Tower	Arlington, VA	G		2008		235		16,382,822		83,817,078		4,517,251			16,382,822		88,334,329		104,717,151		(34,837,074	)		69,880,077		—
Lincoln Heights	Quincy, MA		—	1991		336		5,928,400		33,595,262		15,212,279			5,928,400		48,807,541		54,735,941		(39,401,499	)		15,334,442		—
Lofts at Kendall Square (fka Kendall Square)	Cambridge, MA		—	1998		186		18,696,674		78,445,657		7,530,710			18,696,674		85,976,367		104,673,041		(27,734,674	)		76,938,367		—
Lofts at Kendall Square ll (fka 249 Third Street)	Cambridge, MA	G		2019		84		4,603,326		44,438,432		(503	)		4,603,326		44,437,929		49,041,255		(2,109,619	)		46,931,636		—
Longacre House	New York, NY	G		2000		293		73,170,045		53,962,510		5,401,688			73,170,045		59,364,198		132,534,243		(28,246,752	)		104,287,491		—
Longfellow Place	Boston, MA	G		1975		710		38,264,917		132,175,915		89,681,781			38,264,917		221,857,696		260,122,613		(163,889,861	)		96,232,752		—
Madox	Jersey City, NJ	G		2013		131		9,679,635		64,594,205		961,691			9,679,635		65,555,896		75,235,531		(7,494,654	)		67,740,877		—
Mantena	New York, NY	G		2012		98		22,346,513		61,501,158		1,480,793			22,346,513		62,981,951		85,328,464		(20,145,143	)		65,183,321		—
Marina 41 (fka Marina Del Rey)	Marina Del Rey, CA		—	1973		623		—		168,842,442		9,623,804			—		178,466,246		178,466,246		(59,646,703	)		118,819,543		—
Mariposa at Playa Del Rey (fka Playa Del Rey)	Playa Del Rey, CA		—	2004		354		60,900,000		89,311,482		7,039,392			60,900,000		96,350,874		157,250,874		(31,786,197	)		125,464,677		—
Mark on 8th	Seattle, WA	G		2016		174		23,004,387		51,148,861		172,242			23,004,387		51,321,103		74,325,490		(6,791,552	)		67,533,938		—
Market Street Village	San Diego, CA		—	2006		229		13,740,000		40,757,301		2,627,968			13,740,000		43,385,269		57,125,269		(22,558,686	)		34,566,583		—
Milano Lofts	Los Angeles, CA	G		1925/2006		99		8,125,216		27,378,784		4,435,789			8,125,216		31,814,573		39,939,789		(10,534,953	)		29,404,836		—
Mill Creek	Milpitas, CA		—	1991		516		12,858,693		57,168,503		18,006,191			12,858,693		75,174,694		88,033,387		(43,305,918	)		44,727,469		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2020

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/20
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/20		Encumbrances
Mosaic at Metro	Hyattsville, MD		—	2008		260		—		59,580,898		1,669,692		—		61,250,590		61,250,590		(25,749,117	)		35,501,473		—
Mountain View Redevelopment	Mountain View, CA		—	(F)		—		—		1,630,338		—		—		1,630,338		1,630,338		—			1,630,338		—
Mozaic at Union Station	Los Angeles, CA		—	2007		272		8,500,000		52,529,446		2,595,464		8,500,000		55,124,910		63,624,910		(27,902,570	)		35,722,340		—
Murray Hill Tower (fka Murray Hill)	New York, NY	G		1974		270		75,800,000		102,705,401		11,586,703		75,800,000		114,292,104		190,092,104		(38,926,014	)		151,166,090		—
Next on Sixth	Los Angeles, CA	G		2017		398		52,509,906		136,635,650		161,352		52,509,906		136,797,002		189,306,908		(13,325,292	)		175,981,616		—
North Pier at Harborside	Jersey City, NJ		—	2003		297		4,000,159		94,290,590		7,943,309		4,000,159		102,233,899		106,234,058		(57,060,669	)		49,173,389		—
Northglen	Valencia, CA		—	1988		234		9,360,000		20,778,553		7,159,183		9,360,000		27,937,736		37,297,736		(17,739,770	)		19,557,966		—
Northpark	Burlingame, CA		—	1972		510		38,607,000		77,472,217		15,619,323		38,607,000		93,091,540		131,698,540		(43,765,024	)		87,933,516		—
Notch	Newcastle, WA		—	2020		158		5,463,324		43,490,989		5,378		5,463,324		43,496,367		48,959,691		(1,267,355	)		47,692,336		—
Oak Park Combined	Agoura Hills, CA		—	1989 & 1990		444		3,390,700		30,517,274		11,540,745		3,390,700		42,058,019		45,448,719		(35,268,612	)		10,180,107		—
Oaks	Santa Clarita, CA		—	2000		520		23,400,000		61,020,438		8,845,874		23,400,000		69,866,312		93,266,312		(41,469,709	)		51,796,603		—
Oakwood Crystal City	Arlington, VA		—	1987		162		15,400,000		35,474,336		4,223,339		15,400,000		39,697,675		55,097,675		(13,360,668	)		41,737,007		—
Ocean Crest	Solana Beach, CA		—	1986		146		5,111,200		11,910,438		5,063,378		5,111,200		16,973,816		22,085,016		(12,541,852	)		9,543,164		—
Odin (fka Tallman)	Seattle, WA		—	2015		301		16,807,519		64,519,515		95,579		16,807,519		64,615,094		81,422,613		(13,686,832	)		67,735,781		—
One Henry Adams	San Francisco, CA	G		2016		241		30,224,393		139,564,405		75,093		30,224,393		139,639,498		169,863,891		(22,296,095	)		147,567,796		—
One India Street (fka Oakwood Boston)	Boston, MA	G		1901		94		22,200,000		28,672,979		6,922,941		22,200,000		35,595,920		57,795,920		(11,405,705	)		46,390,215		—
Pacific Place	Los Angeles, CA		—	2008		430		32,250,000		110,750,000		2,166,746		32,250,000		112,916,746		145,166,746		(35,114,578	)		110,052,168		—
Packard Building	Seattle, WA	G		2010		61		5,911,041		19,954,959		1,230,863		5,911,041		21,185,822		27,096,863		(4,881,973	)		22,214,890		—
Parc 77	New York, NY	G		1903		137		40,504,000		18,025,679		6,888,757		40,504,000		24,914,436		65,418,436		(14,944,137	)		50,474,299		—
Parc Cameron	New York, NY	G		1927		166		37,600,000		9,855,597		7,768,599		37,600,000		17,624,196		55,224,196		(12,262,578	)		42,961,618		—
Parc Coliseum	New York, NY	G		1910		177		52,654,000		23,045,751		9,759,837		52,654,000		32,805,588		85,459,588		(20,290,750	)		65,168,838		—
Parc East Towers	New York, NY	G		1977		324		102,163,000		108,989,402		13,101,902		102,163,000		122,091,304		224,254,304		(60,987,908	)		163,266,396		—
Parc on Powell (fka Parkside at Emeryville)	Emeryville, CA	G		2015		173		16,667,059		65,100,751		753,908		16,667,059		65,854,659		82,521,718		(14,664,513	)		67,857,205		—
Park Connecticut	Washington, D.C.		—	2000		142		13,700,000		59,087,519		2,161,224		13,700,000		61,248,743		74,948,743		(18,692,087	)		56,256,656		—
Park West (CA)	Los Angeles, CA		—	1987/1990		444		3,033,500		27,302,383		12,931,215		3,033,500		40,233,598		43,267,098		(32,562,373	)		10,704,725		—
Parkside	Union City, CA		—	1979		208		6,246,700		11,827,453		8,446,035		6,246,700		20,273,488		26,520,188		(14,157,450	)		12,362,738		—
Pearl, The (WA)	Seattle, WA	G		2008		80		6,972,585		26,527,415		1,126,346		6,972,585		27,653,761		34,626,346		(6,325,802	)		28,300,544		—
Pearl MDR (fka Oakwood Marina Del Rey)	Marina Del Rey, CA	G		1969		597		—		120,795,359		6,550,150		—		127,345,509		127,345,509		(43,885,705	)		83,459,804		—
Pegasus	Los Angeles, CA	G		1949/2003		322		18,094,052		81,905,948		7,302,934		18,094,052		89,208,882		107,302,934		(35,775,990	)		71,526,944		—
Playa Pacifica	Hermosa Beach, CA		—	1972		285		35,100,000		33,473,822		24,084,348		35,100,000		57,558,170		92,658,170		(34,060,220	)		58,597,950		—
Portofino	Chino Hills, CA		—	1989		176		3,572,400		14,660,994		3,963,453		3,572,400		18,624,447		22,196,847		(14,859,876	)		7,336,971		—
Portofino (Val)	Valencia, CA		—	1989		216		8,640,000		21,487,126		6,277,627		8,640,000		27,764,753		36,404,753		(18,614,995	)		17,789,758		—
Portside Towers	Jersey City, NJ	G		1992-1997		527		22,487,006		96,842,913		26,069,539		22,487,006		122,912,452		145,399,458		(93,853,487	)		51,545,971		—
Potrero 1010	San Francisco, CA	G		2016		453		40,830,011		181,855,868		989,838		40,830,011		182,845,706		223,675,717		(33,782,465	)		189,893,252		—
Prado (fka Glendale)	Glendale, CA		—	1988		264		—		67,977,313		6,662,673		—		74,639,986		74,639,986		(24,014,696	)		50,625,290		—
Prime, The	Arlington, VA		—	2002		281		34,625,000		77,879,740		4,771,834		34,625,000		82,651,574		117,276,574		(35,430,836	)		81,845,738		—
Prism at Park Avenue South (fka 400 Park Avenue South)	New York, NY	G		2015		269		76,292,169		171,726,887		231,618		76,292,169		171,958,505		248,250,674		(38,979,951	)		209,270,723		—
Promenade at Town Center I & II	Valencia, CA		—	2001		564		28,200,000		69,795,915		12,726,006		28,200,000		82,521,921		110,721,921		(47,521,592	)		63,200,329		—
Providence	Bothell, WA		—	2000		200		3,573,621		19,055,505		5,058,503		3,573,621		24,114,008		27,687,629		(13,078,610	)		14,609,019		—
Quarry Hills	Quincy, MA		—	2006		316		26,900,000		84,411,162		4,822,863		26,900,000		89,234,025		116,134,025		(28,874,667	)		87,259,358		—
Radius Uptown	Denver, CO		—	2017		372		13,644,960		121,899,084		1,070,656		13,644,960		122,969,740		136,614,700		(14,861,159	)		121,753,541		—
Red 160 (fka Redmond Way)	Redmond, WA	G		2011		250		15,546,376		65,320,010		1,554,405		15,546,376		66,874,415		82,420,791		(22,940,448	)		59,480,343		—
Redmond Court	Bellevue, WA		—	1977		206		10,300,000		33,488,745		1,923,709		10,300,000		35,412,454		45,712,454		(12,697,765	)		33,014,689		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2020

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/20
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/20		Encumbrances
Regency Palms	Huntington Beach, CA		—	1969		310		1,857,400		16,713,254		8,166,256		1,857,400		24,879,510		26,736,910		(20,072,599	)		6,664,311		—
Reserve at Clarendon Centre, The	Arlington, VA	G		2003		252		10,500,000		52,812,935		5,015,196		10,500,000		57,828,131		68,328,131		(34,812,389	)		33,515,742		—
Reserve at Eisenhower, The	Alexandria, VA		—	2002		226		6,500,000		34,585,060		5,104,139		6,500,000		39,689,199		46,189,199		(23,797,415	)		22,391,784		—
Reserve at Empire Lakes	Rancho Cucamonga, CA		—	2005		467		16,345,000		73,080,670		5,402,223		16,345,000		78,482,893		94,827,893		(41,826,076	)		53,001,817		—
Reserve at Fairfax Corner	Fairfax, VA		—	2001		652		15,804,057		63,129,051		13,200,537		15,804,057		76,329,588		92,133,645		(47,641,317	)		44,492,328		—
Reserve at Mountain View (fka Mountain View)	Mountain View, CA		—	1965		180		27,000,000		33,029,605		7,682,065		27,000,000		40,711,670		67,711,670		(14,792,142	)		52,919,528		—
Reserve at Potomac Yard	Alexandria, VA		—	2002		588		11,918,917		68,862,641		18,128,215		11,918,917		86,990,856		98,909,773		(49,807,938	)		49,101,835		—
Reserve at Town Center I-III (WA)	Mill Creek, WA	G		2001, 2009, 2014		584		16,768,705		77,623,664		9,950,448		16,768,705		87,574,112		104,342,817		(39,942,888	)		64,399,929		—
Residences at Westgate I (fka Westgate II)	Pasadena, CA	G		2014		252		17,859,785		109,261,438		603,327		17,859,785		109,864,765		127,724,550		(30,747,047	)		96,977,503		—
Residences at Westgate II (fka Westgate III)	Pasadena, CA	G		2015		88		12,118,248		40,486,467		119,401		12,118,248		40,605,868		52,724,116		(9,059,400	)		43,664,716		—
Rianna I & II	Seattle, WA	G		2000/2002		156		4,430,000		29,298,096		1,594,173		4,430,000		30,892,269		35,322,269		(13,558,016	)		21,764,253		—
Ridgewood Village I&II	San Diego, CA		—	1997		408		11,809,500		34,004,048		6,762,215		11,809,500		40,766,263		52,575,763		(29,418,122	)		23,157,641		—
Riva Terra I (fka Redwood Shores)	Redwood City, CA		—	1986		304		34,963,355		84,587,658		8,097,405		34,963,355		92,685,063		127,648,418		(31,553,572	)		96,094,846		—
Riva Terra II (fka Harborside)	Redwood City, CA		—	1986		149		17,136,645		40,536,531		4,063,635		17,136,645		44,600,166		61,736,811		(13,928,284	)		47,808,527		—
Riverpark	Redmond, WA	G		2009		321		14,355,000		80,894,049		4,803,736		14,355,000		85,697,785		100,052,785		(30,548,447	)		69,504,338		—
Rivington, The	Hoboken, NJ		—	1999		240		34,340,640		112,730,596		3,283,711		34,340,640		116,014,307		150,354,947		(15,662,554	)		134,692,393		—
Rosecliff II	Quincy, MA		—	2005		130		4,922,840		30,202,160		1,801,272		4,922,840		32,003,432		36,926,272		(12,228,816	)		24,697,456		—
Sakura Crossing	Los Angeles, CA	G		2009		230		14,641,990		42,858,010		1,561,995		14,641,990		44,420,005		59,061,995		(17,561,315	)		41,500,680		—
Saxton	Seattle, WA	G		2019		325		38,805,400		128,652,023		373,996		38,805,400		129,026,019		167,831,419		(9,518,028	)		158,313,391		—
Seventh & James	Seattle, WA	G		1992		96		663,800		5,974,803		4,639,194		663,800		10,613,997		11,277,797		(8,600,004	)		2,677,793		—
Sheffield Court	Arlington, VA		—	1986		597		3,342,381		31,337,332		18,847,422		3,342,381		50,184,754		53,527,135		(41,685,265	)		11,841,870		—
Siena Terrace	Lake Forest, CA		—	1988		356		8,900,000		24,083,024		8,661,820		8,900,000		32,744,844		41,644,844		(24,001,604	)		17,643,240		—
Skycrest	Valencia, CA		—	1999		264		10,560,000		25,574,457		6,581,900		10,560,000		32,156,357		42,716,357		(21,036,234	)		21,680,123		—
Skylark	Union City, CA		—	1986		174		1,781,600		16,731,916		5,763,877		1,781,600		22,495,793		24,277,393		(16,357,971	)		7,919,422		—
Skyview	Rancho Santa Margarita, CA		—	1999		260		3,380,000		21,952,863		6,109,768		3,380,000		28,062,631		31,442,631		(20,168,570	)		11,274,061		—
SoMa II	San Francisco, CA		—	(F)		—		29,406,606		5,913,784		—		29,406,606		5,913,784		35,320,390		—			35,320,390		—
Sonterra at Foothill Ranch	Foothill Ranch, CA		—	1997		300		7,503,400		24,048,507		6,242,034		7,503,400		30,290,541		37,793,941		(22,570,636	)		15,223,305		—
South City Station (fka South San Francisco)	San Francisco, CA	G		2007		368		68,900,000		79,476,861		5,874,314		68,900,000		85,351,175		154,251,175		(27,619,642	)		126,631,533		—
Southwood	Palo Alto, CA		—	1985		100		6,936,600		14,324,069		7,029,392		6,936,600		21,353,461		28,290,061		(14,889,800	)		13,400,261		—
Springline	Seattle, WA	G		2016		136		9,163,667		47,910,981		462,653		9,163,667		48,373,634		57,537,301		(8,167,981	)		49,369,320		—
STOA	Los Angeles, CA	G		2017		237		25,326,048		79,976,031		466,898		25,326,048		80,442,929		105,768,977		(8,160,539	)		97,608,438		—
Summerset Village	Chatsworth, CA		—	1985		280		2,890,450		23,670,889		8,738,634		2,890,450		32,409,523		35,299,973		(26,387,722	)		8,912,251		—
Summit at Sausalito (fka Sausalito)	Sausalito, CA		—	1978		198		26,000,000		28,435,024		9,988,645		26,000,000		38,423,669		64,423,669		(15,803,477	)		48,620,192		—
Ten23 (fka 500 West 23rd Street)	New York, NY	G		2011		111		—		58,881,873		1,160,581		—		60,042,454		60,042,454		(18,298,459	)		41,743,995		—
Terraces, The	San Francisco, CA	G		1975		117		14,087,610		16,314,151		2,504,676		14,087,610		18,818,827		32,906,437		(7,920,298	)		24,986,139		—
Third Square	Cambridge, MA	G		2008/2009		471		26,767,171		218,822,728		9,395,974		26,767,171		228,218,702		254,985,873		(94,757,814	)		160,228,059		—
Three20	Seattle, WA	G		2013		134		7,030,766		29,005,762		969,854		7,030,766		29,975,616		37,006,382		(8,984,046	)		28,022,336		—
Toscana	Irvine, CA		—	1991/1993		563		39,410,000		50,806,072		25,605,818		39,410,000		76,411,890		115,821,890		(48,052,411	)		67,769,479		—
Town Square at Mark Center I&II	Alexandria, VA		—	1996		678		39,928,464		141,208,321		14,623,345		39,928,464		155,831,666		195,760,130		(76,590,730	)		119,169,400		—
Troy Boston	Boston, MA	G		2015		378		34,641,051		181,607,331		2,157,467		34,641,051		183,764,798		218,405,849		(23,789,711	)		194,616,138		—
Urbana (fka Market Street Landing)	Seattle, WA	G		2014		289		12,542,418		75,800,090		2,625,630		12,542,418		78,425,720		90,968,138		(23,312,467	)		67,655,671		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2020

Description								Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/20
Apartment Name	Location	Non-Residential Components		Date of Construction		Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/20		Encumbrances
Uwajimaya Village	Seattle, WA		—	2002			176		8,800,000		22,188,288		5,060,085		8,800,000		27,248,373		36,048,373		(13,875,497	)		22,172,876		—
Veloce	Redmond, WA	G		2009			322		15,322,724		76,176,594		2,058,051		15,322,724		78,234,645		93,557,369		(25,659,124	)		67,898,245		—
Venue at the Promenade	Castle Rock, CO		—	2017			312		8,355,048		83,752,689		166,209		8,355,048		83,918,898		92,273,946		(7,716,962	)		84,556,984		—
Verde Condominium Homes (fka Mission Verde, LLC)	San Jose, CA		—	1986			108		5,190,700		9,679,109		4,635,959		5,190,700		14,315,068		19,505,768		(11,286,870	)		8,218,898		—
Veridian (fka Silver Spring)	Silver Spring, MD	G		2009			457		18,539,817		130,407,365		4,297,795		18,539,817		134,705,160		153,244,977		(53,262,783	)		99,982,194		—
Versailles	Woodland Hills, CA		—	1991			253		12,650,000		33,656,292		8,575,157		12,650,000		42,231,449		54,881,449		(26,065,056	)		28,816,393		—
Versailles (K-Town)	Los Angeles, CA		—	2008			225		10,590,975		44,409,025		1,913,803		10,590,975		46,322,828		56,913,803		(20,170,940	)		36,742,863		—
Victor on Venice	Los Angeles, CA	G		2006			115		10,350,000		35,433,437		2,023,741		10,350,000		37,457,178		47,807,178		(18,425,633	)		29,381,545		—
Villa Solana	Laguna Hills, CA		—	1984			272		1,665,100		14,985,678		12,946,281		1,665,100		27,931,959		29,597,059		(23,035,555	)		6,561,504		—
Village at Del Mar Heights, The (fka Del Mar Heights)	San Diego, CA		—	1986			168		15,100,000		40,859,396		3,573,169		15,100,000		44,432,565		59,532,565		(15,023,903	)		44,508,662		—
Virginia Square	Arlington, VA	G		2002			231		—		85,940,003		6,137,694		—		92,077,697		92,077,697		(29,622,313	)		62,455,384		—
Vista 99 (fka Tasman)	San Jose, CA		—	2016			554		27,709,329		177,555,213		840,226		27,709,329		178,395,439		206,104,768		(33,946,303	)		172,158,465		—
Vista Del Lago	Mission Viejo, CA		—	1986-1988			608		4,525,800		40,736,293		19,765,337		4,525,800		60,501,630		65,027,430		(52,909,405	)		12,118,025		—
Walden Park	Cambridge, MA		—	1966			232		12,448,888		52,044,448		4,982,240		12,448,888		57,026,688		69,475,576		(23,325,875	)		46,149,701		—
Water Park Towers	Arlington, VA		—	1989			362		34,400,000		108,485,859		10,793,415		34,400,000		119,279,274		153,679,274		(39,652,580	)		114,026,694		—
Watertown Square	Watertown, MA	G		2005			134		16,800,000		34,074,056		1,904,484		16,800,000		35,978,540		52,778,540		(11,625,233	)		41,153,307		—
West 96th	New York, NY	G		1987			207		84,800,000		67,055,502		6,658,093		84,800,000		73,713,595		158,513,595		(26,104,839	)		132,408,756		—
West End Apartments (fka Emerson Place/CRP II)	Boston, MA	G		2008			310		469,546		163,123,022		5,461,544		469,546		168,584,566		169,054,112		(73,099,324	)		95,954,788		—
Westchester at Rockville	Rockville, MD		—	2009			192		10,600,000		44,135,207		1,316,004		10,600,000		45,451,211		56,051,211		(14,255,122	)		41,796,089		—
Westmont	New York, NY	G		1986			163		64,900,000		61,143,259		6,257,673		64,900,000		67,400,932		132,300,932		(21,887,315	)		110,413,617		—
Westside	Los Angeles, CA		—	2004			204		34,200,000		56,962,630		3,357,625		34,200,000		60,320,255		94,520,255		(19,197,241	)		75,323,014		—
Westside Barrington (fka Westside Villas III)	Los Angeles, CA		—	1999			36		3,060,000		5,538,871		1,182,445		3,060,000		6,721,316		9,781,316		(4,457,210	)		5,324,106		—
Westside Barry (Westside Villas VI)	Los Angeles, CA		—	1989			18		1,530,000		3,023,523		764,582		1,530,000		3,788,105		5,318,105		(2,501,385	)		2,816,720		—
Westside Beloit (fka Westside Villas I)	Los Angeles, CA		—	1999			21		1,785,000		3,233,254		778,767		1,785,000		4,012,021		5,797,021		(2,711,404	)		3,085,617		—
Westside Bundy (fka Westside Villas II)	Los Angeles, CA		—	1999			23		1,955,000		3,541,435		794,239		1,955,000		4,335,674		6,290,674		(2,865,440	)		3,425,234		—
Westside Butler (fka Westside Villas IV)	Los Angeles, CA		—	1999			36		3,060,000		5,539,390		1,223,921		3,060,000		6,763,311		9,823,311		(4,471,969	)		5,351,342		—
Westside Villas (fka Westside Villas V &VII)	Los Angeles, CA		—	1999 & 2001			113		9,605,000		19,983,385		2,909,316		9,605,000		22,892,701		32,497,701		(14,993,719	)		17,503,982		—
Windridge (CA)	Laguna Niguel, CA		—	1989			344		2,662,900		23,985,497		13,127,981		2,662,900		37,113,478		39,776,378		(30,933,234	)		8,843,144		—
Wood Creek I	Pleasant Hill, CA		—	1987			256		9,729,900		23,009,768		10,421,107		9,729,900		33,430,875		43,160,775		(25,852,279	)		17,308,496		—
Woodleaf	Campbell, CA		—	1984			178		8,550,600		16,988,182		6,182,183		8,550,600		23,170,365		31,720,965		(17,242,110	)		14,478,855		—
Management Business	Chicago, IL		—	(D)			—		—		—		138,223,005		—		138,223,005		138,223,005		(104,607,870	)		33,615,135		—
Operating Partnership	Chicago, IL		—	(F)			—		—		1,543,343		—		—		1,543,343		1,543,343		—			1,543,343		—
Other	N/A		—		—		—		—		—		107,757		—		107,757		107,757		(66,902	)		40,855		—
Wholly Owned Unencumbered							64,363		4,875,308,605		16,033,230,297		1,620,022,325		4,875,308,605		17,653,252,622		22,528,561,227		(6,521,859,521	)		16,006,701,706		—
Wholly Owned Encumbered:
1111 Belle Pre (fka The Madison)	Alexandria, VA	G		2014			360		18,937,702		94,758,679		517,009		18,937,702		95,275,688		114,213,390		(28,767,103	)		85,446,287		86,236,221
2501 Porter	Washington, D.C.		—	1988			202		13,000,000		75,271,179		7,046,134		13,000,000		82,317,313		95,317,313		(27,334,401	)		67,982,912	(H)
300 East 39th (fka East 39th)	New York, NY	G		2001			254		48,900,000		96,174,639		5,841,752		48,900,000		102,016,391		150,916,391		(32,773,924	)		118,142,467		62,517,552
303 East 83rd (fka Camargue)	New York, NY	G		1976			261		79,400,000		79,122,624		10,883,739		79,400,000		90,006,363		169,406,363		(30,023,726	)		139,382,637	(H)
425 Broadway	Santa Monica, CA	G		2001			101		12,600,000		34,394,772		3,879,039		12,600,000		38,273,811		50,873,811		(12,637,343	)		38,236,468	(H)
Alcyone	Seattle, WA	G		2004			162		11,379,497		49,360,503		1,621,195		11,379,497		50,981,698		62,361,195		(13,657,401	)		48,703,794		26,717,175
Artisan Square	Northridge, CA		—	2002			140		7,000,000		20,537,359		2,177,087		7,000,000		22,714,446		29,714,446		(13,941,438	)		15,773,008		35,608,719
Avanti	Anaheim, CA		—	1987			162		12,960,000		18,497,682		4,201,662		12,960,000		22,699,344		35,659,344		(12,149,740	)		23,509,604		28,029,688

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2020

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/20
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/20		Encumbrances
Avenir Apartments	Boston, MA	G		2009		241		—		114,321,619		6,957,817		—		121,279,436		121,279,436		(36,961,367	)		84,318,069		83,594,553
Calvert Woodley	Washington, D.C.		—	1962		136		12,600,000		43,527,379		2,813,918		12,600,000		46,341,297		58,941,297		(14,908,145	)		44,033,152	(H)
Citrus Suites	Santa Monica, CA		—	1978		70		9,000,000		16,950,326		2,159,124		9,000,000		19,109,450		28,109,450		(6,341,008	)		21,768,442	(H)
City Pointe	Fullerton, CA	G		2004		183		6,863,792		36,476,208		3,982,736		6,863,792		40,458,944		47,322,736		(16,998,993	)		30,323,743		39,604,834
Cleveland House	Washington, D.C.		—	1953		214		18,300,000		66,392,414		6,478,149		18,300,000		72,870,563		91,170,563		(23,146,687	)		68,023,876	(H)
Columbia Crossing	Arlington, VA		—	1991		247		23,500,000		53,045,073		3,332,258		23,500,000		56,377,331		79,877,331		(18,786,207	)		61,091,124	(H)
Elevé	Glendale, CA	G		2013		208		14,080,560		56,419,440		1,113,113		14,080,560		57,532,553		71,613,113		(16,339,803	)		55,273,310		38,377,191
Estancia at Santa Clara (fka Santa Clara)	Santa Clara, CA		—	2000		450		—		123,759,804		2,978,093		—		126,737,897		126,737,897		(41,055,149	)		85,682,748	(H)
Fairchase	Fairfax, VA		—	2007		392		23,500,000		87,722,321		1,898,989		23,500,000		89,621,310		113,121,310		(27,669,103	)		85,452,207	(H)
Fairfield	Stamford, CT	G		1996		263		6,510,200		39,690,120		9,558,884		6,510,200		49,249,004		55,759,204		(38,011,328	)		17,747,876		31,415,078
Flats at DuPont Circle	Washington, D.C.		—	1967		306		35,200,000		108,768,198		4,360,800		35,200,000		113,128,998		148,328,998		(33,817,504	)		114,511,494	(H)
Glo	Los Angeles, CA	G		2008		201		16,047,023		48,650,963		3,698,250		16,047,023		52,349,213		68,396,236		(19,833,118	)		48,563,118		32,536,206
Heights on Capitol Hill	Seattle, WA	G		2006		104		5,425,000		21,138,028		1,918,209		5,425,000		23,056,237		28,481,237		(11,613,731	)		16,867,506		22,574,473
Kelvin Court (fka Alta Pacific)	Irvine, CA		—	2008		132		10,752,145		34,846,856		960,195		10,752,145		35,807,051		46,559,196		(15,665,700	)		30,893,496		26,250,120
Kenwood Mews	Burbank, CA		—	1991		141		14,100,000		24,662,883		4,295,836		14,100,000		28,958,719		43,058,719		(16,005,176	)		27,053,543		37,607,274
La Terrazza at Colma Station	Colma, CA	G		2005		155		—		41,251,044		3,595,476		—		44,846,520		44,846,520		(21,415,715	)		23,430,805		25,018,990
Lindley Apartments	Encino, CA		—	2004		129		5,805,000		25,705,000		2,226,777		5,805,000		27,931,777		33,736,777		(11,253,531	)		22,483,246		28,028,542
Lofts 590	Arlington, VA		—	2005		212		20,100,000		67,909,023		948,447		20,100,000		68,857,470		88,957,470		(20,702,192	)		68,255,278		42,977,538
Longview Place	Waltham, MA		—	2004		348		20,880,000		90,255,509		11,851,439		20,880,000		102,106,948		122,986,948		(53,169,019	)		69,817,929		84,236,459
Metro on First	Seattle, WA	G		2002		102		8,540,000		12,209,981		2,503,132		8,540,000		14,713,113		23,253,113		(7,824,496	)		15,428,617		21,479,983
Moda	Seattle, WA	G		2009		251		12,649,228		36,842,012		2,077,059		12,649,228		38,919,071		51,568,299		(16,192,358	)		35,375,941	(I)
Montierra (CA)	San Diego, CA		—	1990		272		8,160,000		29,360,938		8,739,937		8,160,000		38,100,875		46,260,875		(27,667,597	)		18,593,278		60,994,469
Old Town Lofts	Redmond, WA	G		2014		149		7,740,467		44,146,181		911,878		7,740,467		45,058,059		52,798,526		(10,447,662	)		42,350,864		35,552,619
Olympus Towers	Seattle, WA	G		2000		328		14,752,034		73,335,425		11,508,550		14,752,034		84,843,975		99,596,009		(49,773,869	)		49,822,140		94,702,663
Park Place at San Mateo (fka San Mateo)	San Mateo, CA	G		2001		575		71,900,000		211,907,141		14,964,633		71,900,000		226,871,774		298,771,774		(72,984,554	)		225,787,220	(H)
Skyhouse Denver	Denver, CO	G		2017		354		13,562,331		126,360,318		677,621		13,562,331		127,037,939		140,600,270		(15,522,629	)		125,077,641		74,151,572
SoMa Square Apartments (fka South Market)	San Francisco, CA	G		1986		410		79,900,000		177,316,977		16,836,498		79,900,000		194,153,475		274,053,475		(60,659,528	)		213,393,947	(H)
Square One	Seattle, WA		—	2014		112		7,222,544		26,277,456		133,045		7,222,544		26,410,501		33,633,045		(7,302,057	)		26,330,988	(I)
Teresina	Chula Vista, CA		—	2000		440		28,600,000		61,916,670		8,105,506		28,600,000		70,022,176		98,622,176		(36,713,370	)		61,908,806		37,940,000
Vantage Hollywood	Los Angeles, CA		—	1987		298		42,580,326		56,014,674		3,323,418		42,580,326		59,338,092		101,918,418		(16,037,599	)		85,880,819		38,562,939
Vintage	Ontario, CA		—	2005-2007		300		7,059,230		47,677,762		1,982,739		7,059,230		49,660,501		56,719,731		(25,190,161	)		31,529,570		49,111,234
Vintage at 425 Broadway (fka Promenade)	Santa Monica, CA	G		1934/2001		60		9,000,000		13,961,523		1,968,533		9,000,000		15,930,056		24,930,056		(5,447,549	)		19,482,507	(H)
West 54th	New York, NY	G		2001		222		60,900,000		48,193,837		4,524,296		60,900,000		52,718,133		113,618,133		(18,850,602	)		94,767,531		49,193,451
Westgate (fka Westgate I)	Pasadena, CA		—	2010		480		22,898,848		133,467,158		4,125,453		22,898,848		137,592,611		160,491,459		(46,995,276	)		113,496,183		96,433,496
Portfolio/Entity Encumbrances (1)						—		—		—		—		—		—		—		—			—		798,691,865
Wholly Owned Encumbered						10,127		842,305,927		2,668,597,698		193,678,425		842,305,927		2,862,276,123		3,704,582,050		(1,032,587,859	)		2,671,994,191		2,088,144,904
Partially Owned Unencumbered:
2300 Elliott	Seattle, WA	G		1992		92		796,800		7,173,725		7,820,623		796,800		14,994,348		15,791,148		(12,389,244	)		3,401,904		—
9th & W	Washington, DC	G		(F)		—		—		7,017,002		—		—		7,017,002		7,017,002		—			7,017,002		—
Bellevue Meadows	Bellevue, WA		—	1983		180		4,507,100		12,574,814		6,087,865		4,507,100		18,662,679		23,169,779		(14,585,459	)		8,584,320		—
Canyon Ridge	San Diego, CA		—	1989		162		4,869,448		11,955,063		4,258,637		4,869,448		16,213,700		21,083,148		(12,460,975	)		8,622,173		—
Country Oaks	Agoura Hills, CA		—	1985		256		6,105,000		29,561,865		7,563,839		6,105,000		37,125,704		43,230,704		(23,902,034	)		19,328,670		—
Harrison Square (fka Elliot Bay)	Seattle, WA	G		1992		166		7,600,000		35,844,345		5,832,090		7,600,000		41,676,435		49,276,435		(14,608,832	)		34,667,603		—

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2020

Description							Initial Cost to Company				Cost Capitalized Subsequent to Acquisition (Improvements, net) (E)		Gross Amount Carried at Close of Period 12/31/20
Apartment Name	Location	Non-Residential Components		Date of Construction	Apartment Units		Land		Building & Fixtures		Building & Fixtures		Land		Building & Fixtures (A)		Total (B)		Accumulated Depreciation (C)			Investment in Real Estate, Net at 12/31/20		Encumbrances
Lantern Cove	Foster City, CA		—	1985		232		6,945,000		23,064,976		7,999,330		6,945,000		31,064,306		38,009,306		(21,090,571	)		16,918,735		—
Radius Koreatown	Los Angeles, CA		—	2014/2016		301		32,494,154		84,645,202		394,749		32,494,154		85,039,951		117,534,105		(15,147,227	)		102,386,878		—
Rosecliff	Quincy, MA		—	1990		156		5,460,000		15,721,570		4,712,510		5,460,000		20,434,080		25,894,080		(14,750,661	)		11,143,419		—
Schooner Bay I	Foster City, CA		—	1985		168		5,345,000		20,390,618		7,030,910		5,345,000		27,421,528		32,766,528		(18,045,457	)		14,721,071		—
Schooner Bay II	Foster City, CA		—	1985		144		4,550,000		18,064,764		5,732,766		4,550,000		23,797,530		28,347,530		(16,050,917	)		12,296,613		—
Surrey Downs	Bellevue, WA		—	1986		122		3,057,100		7,848,618		3,698,582		3,057,100		11,547,200		14,604,300		(8,809,623	)		5,794,677		—
Venn at Main	Bellevue, WA	G		2016		350		26,626,497		151,520,448		518,736		26,626,497		152,039,184		178,665,681		(21,480,824	)		157,184,857		—
Virgil Square	Los Angeles, CA		—	1979		142		5,500,000		15,216,613		3,833,548		5,500,000		19,050,161		24,550,161		(10,768,560	)		13,781,601		—
Wood Creek II (fka Willow Brook (CA))	Pleasant Hill, CA		—	1985		228		5,055,000		38,388,672		9,606,448		5,055,000		47,995,120		53,050,120		(27,453,256	)		25,596,864		—
Partially Owned Unencumbered						2,699		118,911,099		478,988,295		75,090,633		118,911,099		554,078,928		672,990,027		(231,543,640	)		441,446,387		—
Partially Owned Encumbered:
Aero Apartments	Alameda, CA	G		(F)		—		13,107,242		77,932,171		—		13,107,242		77,932,171		91,039,413		—			91,039,413		31,493,854
Canyon Creek (CA)	San Ramon, CA		—	1984		268		5,425,000		18,812,120		8,138,492		5,425,000		26,950,612		32,375,612		(19,317,572	)		13,058,040		28,193,080
Wisconsin Place	Chevy Chase, MD		—	2009		432		—		172,089,355		1,687,416		—		173,776,771		173,776,771		(54,348,611	)		119,428,160		146,057,885
Partially Owned Encumbered						700		18,532,242		268,833,646		9,825,908		18,532,242		278,659,554		297,191,796		(73,666,183	)		223,525,613		205,744,819
Total Consolidated Investment in Real Estate						77,889	$	5,855,057,873	$	19,449,649,936	$	1,898,617,291	$	5,855,057,873	$	21,348,267,227	$	27,203,325,100	$	(7,859,657,203	)	$	19,343,667,897	$	2,293,889,723

(1)See attached Encumbrances Reconciliation.

EQUITY RESIDENTIAL

ERP OPERATING LIMITED PARTNERSHIP

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2020

NOTES:

(A) The balance of furniture & fixtures included in the total investment in real estate amount was $1,970,033,328 as of December 31, 2020.

(B) The cost, net of accumulated depreciation, for Federal Income Tax purposes as of December 31, 2020 was approximately $13.8 billion (unaudited).

(C) The life to compute depreciation for building is 30 years, for building improvements ranges from 5 to 15 years, for furniture & fixtures, replacements and renovations is 5 to 10 years and for lease intangibles is the average remaining term of each respective lease.

(D) This asset consists of costs owned by the Management Business acquired/added at various acquisition dates and largely represents furniture, fixtures and equipment and computer equipment and software costs, which are generally depreciated over periods ranging from 3 to 7 years, and leasehold improvements, which are generally depreciated over the term of each respective lease.

(E) Primarily represents capital expenditures for building improvements, replacements and renovations incurred subsequent to each property’s acquisition date.

(F) Primarily represents land and/or construction-in-progress on projects either held for future development or projects currently under development.

(G) A portion of these properties includes and/or will include non-residential components (consisting of retail and/or public parking garage operations).

(H) See Encumbrances Reconciliation schedule.

(I) Boot property for Bond Partnership mortgage pool.