Significant Transactions During the Three Months Ended March 31, 2025 and Subsequent Events (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Acquired Real Estate Investments

Property Name	Location	Apartment Homes	Essex Ownership Percentage	Contract Price at Pro Rata Share
The Plaza	CA	307	100%	$	161.4
One Hundred Grand	CA	166	N/A	105.3		(1)
ROEN Menlo Park	CA	146	100%	78.8
Total acquisitions		619		$	345.5

(1)    One Hundred Grand replaced Highridge, an apartment community owned by DownREIT entities that are consolidated by the Company, within the DownREIT structures of those entities pursuant to the like-kind exchange rules under Section 1031 of the Internal Revenue Code of 1986, as amended (“Section 1031 Exchange”).

Schedule of Sales Of Real Estate Investments

Property Name	Location	Apartment Homes	Sale Price at Pro Rata Share
Highridge	CA	255	$	127.0	(1)
Total dispositions		255	$	127.0

(1)    Highridge, an apartment community owned by DownREIT entities that are consolidated by the Company, was replaced by One Hundred Grand within the DownREIT structures of those entities pursuant to a Section 1031 Exchange. The Company recognized a $111.0 million gain on sale of real estate and land in the condensed consolidated statements of income and comprehensive income. In conjunction with the sale, $69.6 million in debt associated with the property was paid off and the Company recorded a $0.8 million loss on early extinguishment of debt.