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EPLP - Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Rental properties:    
Land and land improvements $ 3,246,789 $ 3,036,912
Buildings and improvements 14,342,729 13,098,311
Total rental properties 17,589,518 16,135,223
Less: accumulated depreciation (6,150,618) (5,664,931)
Net real estate 11,438,900 10,470,292
Real estate under development 52,682 23,724
Co-investments 935,014 1,061,733
Total real estate 12,426,596 11,555,749
Cash and cash equivalents-unrestricted 66,795 391,749
Cash and cash equivalents-restricted 9,051 8,585
Marketable securities 69,794 87,795
Notes and other receivables, net of allowance for credit losses of $0.5 million and $0.7 million as of December 31, 2024 and December 31, 2023, respectively 206,706 174,621
Operating lease right-of-use assets 51,556 63,757
Prepaid expenses and other assets 96,861 79,171
Total assets 12,927,359 12,361,427
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,473,788 5,318,531
Mortgage notes payable, net 989,884 887,204
Lines of credit 137,945 0
Accounts payable and accrued liabilities 212,747 176,401
Construction payable 14,347 20,659
Dividends payable 165,443 155,695
Distributions in excess of investments in co-investments 79,273 65,488
Operating lease liabilities 52,473 65,091
Other liabilities 50,220 46,175
Total liabilities 7,176,120 6,735,244
Commitments and contingencies (Note 17)
Redeemable noncontrolling interest 30,849 32,205
Limited Partners:    
Accumulated other comprehensive income 24,655 33,556
Noncontrolling interest 183,344 171,232
Total liabilities and equity 12,927,359 12,361,427
Essex Portfolio, L.P.    
Rental properties:    
Land and land improvements 3,246,789 3,036,912
Buildings and improvements 14,342,729 13,098,311
Total rental properties 17,589,518 16,135,223
Less: accumulated depreciation (6,150,618) (5,664,931)
Net real estate 11,438,900 10,470,292
Real estate under development 52,682 23,724
Co-investments 935,014 1,061,733
Total real estate 12,426,596 11,555,749
Cash and cash equivalents-unrestricted 66,795 391,749
Cash and cash equivalents-restricted 9,051 8,585
Marketable securities 69,794 87,795
Notes and other receivables, net of allowance for credit losses of $0.5 million and $0.7 million as of December 31, 2024 and December 31, 2023, respectively 206,706 174,621
Operating lease right-of-use assets 51,556 63,757
Prepaid expenses and other assets 96,861 79,171
Total assets 12,927,359 12,361,427
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,473,788 5,318,531
Mortgage notes payable, net 989,884 887,204
Lines of credit 137,945 0
Accounts payable and accrued liabilities 212,747 176,401
Construction payable 14,347 20,659
Dividends payable 165,443 155,695
Distributions in excess of investments in co-investments 79,273 65,488
Operating lease liabilities 52,473 65,091
Other liabilities 50,220 46,175
Total liabilities 7,176,120 6,735,244
Commitments and contingencies (Note 17)
Redeemable noncontrolling interest 30,849 32,205
Limited Partners:    
Accumulated other comprehensive income 29,429 38,646
Total partners’ capital 5,615,238 5,472,827
Noncontrolling interest 105,152 121,151
Total capital 5,720,390 5,593,978
Total liabilities and equity 12,927,359 12,361,427
Essex Portfolio, L.P. | General Partner    
General Partner:    
Common equity (64,280,466 and 64,203,497 units issued and outstanding, respectively) 5,512,391 5,389,190
Essex Portfolio, L.P. | General Partner | Common Equity    
General Partner:    
Common equity (64,280,466 and 64,203,497 units issued and outstanding, respectively) 5,512,391 5,389,190
Limited Partners:    
Total capital 5,512,391 5,389,190
Essex Portfolio, L.P. | Limited Partner    
Limited Partners:    
Common equity (2,331,251 and 2,258,812 units issued and outstanding, respectively) 73,418 44,991
Essex Portfolio, L.P. | Limited Partner | Common Equity    
Limited Partners:    
Total capital $ 73,418 $ 44,991