XML 42 R43.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Critical and Significant Accounting Policies (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Community
Partnership
Dec. 31, 2012
Dec. 31, 2011
Principles of Consolidation [Abstract]      
Noncontrolling interest in Operating Partnership (in hundredths) 5.40% 5.50%  
Number of DownREIT limited partnerships the company consolidates 19    
Number of communities within the DownREIT partnership 11    
Assets related to variable interest entities, net intercompany eliminations $ 194,900,000 $ 201,100,000  
Liabilities related to variable interest entities, net of intercompany eliminations 178,300,000 178,600,000  
Redemption rights of limited partners by issuance of common stock for partnership unit, conversion basis one share per unit basis    
Total DownREIT units outstanding (in shares) 1,007,879 1,039,431  
Redemption value of the variable interest entities 144,600,000 152,400,000  
Real Estate Rental Properties [Abstract]      
Threshold useful life of assets for capitalization 1 year    
Depreciable life of various categories of fixed assets [Abstract]      
Expected lease term of acquired tenant 20 months    
Revenues and Gains on Sale of Real Estate [Abstract]      
Lease terms, minimum 6 months    
Lease terms, maximum 12 months    
No rent time period, minimum 1 month    
No rent time period, maximum 2 months    
Cash Equivalents and Restricted Cash [Abstract]      
Original maturities of highly liquid investments to be classified as cash equivalents, maximum 3 months    
Marketable Securities [Abstract]      
Maturity date of investments in mortgage backed securities, first November 2019 November 2019  
Maturity date of investments in mortgage backed securities, final September 2020 September 2020  
Proceeds from sales of available for sale securities 24,200,000 61,700,000 33,000,000
Gain from sales of available-for-sale securities 1,800,000 800,000 5,000,000
Capitalization Policy [Abstract]      
Capitalized internal costs related to development and redevelopment projects 7,500,000 6,200,000 4,300,000
Capitalized salaries 2,600,000 2,400,000 2,200,000
Fair Value of Financial Instruments [Abstract]      
Fixed rate debt carrying amount 2,300,000,000 2,130,000,000  
Fixed rate debt fair value 2,330,000,000 2,240,000,000  
Variable rate debt, carrying amount 737,000,000 692,900,000  
Variable rate debt fair value 719,400,000 671,700,000  
Mortgage backed securities carrying value 58,700,000    
Mortgage backed securities fair value 83,800,000    
Schedule of Available-for-sale Securities [Line Items]      
Total Amortized Cost 90,876,000 90,182,000  
Total Gross Unrealized Gain (Loss) (792,000) 2,531,000  
Total Fair Value 90,084,000 92,713,000  
Interest income 9,114,000 10,715,000 10,501,000
Co-investment promote fee 0 2,299,000 0
Gains on sales of marketable securities 2,519,000 819,000 4,956,000
Tax benefit - Taxable REIT Subsidiary 0 0 1,682,000
Total interest and other income 11,633,000 13,833,000 17,139,000
Statement [Line Items]      
Balance at beginning (71,658,000)    
Other comprehensive income (loss) before reclassification, derivative 3,468,000    
Amounts reclassified from accumulated other comprehensive loss 8,466,000    
Net other comprehensive income (loss) 11,934,000    
Balance at the end (59,724,000) (71,658,000)  
Unrealized gains/(losses) on available for sale securities [Abstract]      
Balance at beginning 2,397,000    
Other comprehensive income (loss) before reclassification, available for sale securities, total (1,472,000)    
Amounts reclassified from accumulated other comprehensive loss (1,673,000)    
Net other comprehensive income (loss) (3,145,000)    
Balance at the end (748,000) 2,397,000  
Accumulated other comprehensive loss, net by component [Abstract]      
Balance at beginning (69,261,000)    
Other comprehensive income (loss) before reclassification 1,996,000    
Amounts reclassified from accumulated other comprehensive loss 6,793,000    
Net other comprehensive income (loss) 8,789,000    
Balance at the end (60,472,000) (69,261,000)  
Essex Portfolio, L.P. [Member]
     
Schedule of Available-for-sale Securities [Line Items]      
Total interest and other income 11,633,000 13,833,000 17,139,000
Statement [Line Items]      
Balance at beginning (70,762,000)    
Other comprehensive income (loss) before reclassification, derivative 4,148,000    
Amounts reclassified from accumulated other comprehensive loss 8,466,000    
Net other comprehensive income (loss) 12,614,000    
Balance at the end (58,148,000) (70,762,000)  
Unrealized gains/(losses) on available for sale securities [Abstract]      
Balance at beginning 2,531,000    
Other comprehensive income (loss) before reclassification, available for sale securities, total (1,556,000)    
Amounts reclassified from accumulated other comprehensive loss (1,767,000)    
Net other comprehensive income (loss) (3,323,000)    
Balance at the end (792,000) 2,531,000  
Accumulated other comprehensive loss, net by component [Abstract]      
Balance at beginning (68,231,000)    
Other comprehensive income (loss) before reclassification 2,592,000    
Amounts reclassified from accumulated other comprehensive loss 6,699,000    
Net other comprehensive income (loss) 9,291,000    
Balance at the end (58,940,000) (68,231,000)  
Investment-grade unsecured bonds [Member]
     
Schedule of Available-for-sale Securities [Line Items]      
Amortized Cost 15,446,000 15,475,000  
Gross Unrealized Gain (Loss) 509,000 826,000  
Carrying Value 15,955,000 16,301,000  
Investment funds-US treasuries [Member]
     
Schedule of Available-for-sale Securities [Line Items]      
Amortized Cost 3,675,000 3,788,000  
Gross Unrealized Gain (Loss) 3,000 1,000  
Carrying Value 3,678,000 3,789,000  
Common Stock [Member]
     
Schedule of Available-for-sale Securities [Line Items]      
Amortized Cost 13,104,000 18,917,000  
Gross Unrealized Gain (Loss) (1,304,000) 1,704,000  
Carrying Value 11,800,000 20,621,000  
Mortgage backed securities [Member]
     
Schedule of Available-for-sale Securities [Line Items]      
Amortized Cost 58,651,000 52,002,000  
Gross Unrealized Gain (Loss) 0 0  
Carrying Value $ 58,651,000 $ 52,002,000  
Common Stock [Member]
     
Status of cash dividends distributed [Abstract]      
Ordinary income (in hundredths) 77.34% 70.58% 63.68%
Capital gains (in hundredths) 17.64% 8.75% 11.16%
Unrecaptured section 1250 capital gain (in hundredths) 5.02% 7.97% 0.74%
Return of capital (in hundredths) 0.00% 12.70% 24.42%
Total cash dividends distributed (in hundredths) 100.00% 100.00% 100.00%
Series F, G and H Preferred Stock [Member]
     
Status of cash dividends distributed [Abstract]      
Ordinary income (in hundredths) 77.34% 80.85% 100.00%
Capital gains (in hundredths) 17.64% 10.02% 0.00%
Unrecaptured section 1250 capital gain (in hundredths) 5.02% 9.13% 0.00%
Total cash dividends distributed (in hundredths) 100.00% 100.00% 100.00%
Computer Software and Equipment [Member] | Minimum [Member]
     
Depreciable life of various categories of fixed assets [Abstract]      
Depreciable life, average 3 years    
Computer Software and Equipment [Member] | Maximum [Member]
     
Depreciable life of various categories of fixed assets [Abstract]      
Depreciable life, average 5 years    
Interior Unit Improvements [Member]
     
Depreciable life of various categories of fixed assets [Abstract]      
Depreciable life, average 5 years    
Land Improvements and Certain Exterior Components of Real Property [Member]
     
Depreciable life of various categories of fixed assets [Abstract]      
Depreciable life, average 10 years    
Real Estate Structures [Member]
     
Depreciable life of various categories of fixed assets [Abstract]      
Depreciable life, average 30 years