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Investments in Partially Owned Entities (Tables) | 12 Months Ended
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Dec. 31, 2016
Investments in Partially Owned Entities [Abstract] |
Partially Owned Property Balance Sheet Schedule [Table Text Block] | The following tables and information summarize the Company’s investments in partially owned entities as of December 31, 2016 (amounts in thousands except for project and apartment unit amounts):
|  | Consolidated |  | Unconsolidated
|  | (VIE) |  | (Non-VIE) |  | (VIE) (1) |  | Total
Total properties |  | 17 |  |  | 2 |  |  | — |  |  | 2 |
Total apartment units |  | 3,215 |  |  | 945 |  |  | — |  |  | 945 |
Balance sheet information at 12/31/16 (at 100%): |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |
Investment in real estate |  | $ | 646,320 |  |  | $ | 235,821 |  |  | $ | 172,995 |  |  | $ | 408,816 |
Accumulated depreciation |  | (211,038 | ) |  | (32,881 | ) |  | (44,544 | ) |  | (77,425 | )
Investment in real estate, net |  | 435,282 |  |  | 202,940 |  |  | 128,451 |  |  | 331,391 |
Cash and cash equivalents |  | 30,271 |  |  | 5,287 |  |  | 47 |  |  | 5,334 |
Investments in unconsolidated entities |  | 46,908 |  |  | — |  |  | — |  |  | — |
Deposits – restricted |  | 345 |  |  | 262 |  |  | — |  |  | 262 |
Other assets |  | 26,203 |  |  | 157 |  |  | 334 |  |  | 491 |
Total assets |  | $ | 539,009 |  |  | $ | 208,646 |  |  | $ | 128,832 |  |  | $ | 337,478 |
LIABILITIES AND EQUITY/CAPITAL |  |  |  |  |  |  |  |
Mortgage notes payable, net (2) |  | $ | 301,110 |  |  | $ | 145,424 |  |  | $ | — |  |  | $ | 145,424 |
Accounts payable & accrued expenses |  | 1,088 |  |  | 189 |  |  | 135 |  |  | 324 |
Accrued interest payable |  | 1,037 |  |  | 691 |  |  | — |  |  | 691 |
Other liabilities |  | 600 |  |  | 268 |  |  | 70 |  |  | 338 |
Security deposits |  | 1,850 |  |  | 493 |  |  | — |  |  | 493 |
Total liabilities |  | 305,685 |  |  | 147,065 |  |  | 205 |  |  | 147,270 |
Noncontrolling Interests – Partially Owned Properties/Partners' equity |  | 10,609 |  |  | 59,115 |  |  | 86,120 |  |  | 145,235 |
Company equity/General and Limited Partners' Capital |  | 222,715 |  |  | 2,466 |  |  | 42,507 |  |  | 44,973 |
Total equity/capital |  | 233,324 |  |  | 61,581 |  |  | 128,627 |  |  | 190,208 |
Total liabilities and equity/capital |  | $ | 539,009 |  |  | $ | 208,646 |  |  | $ | 128,832 |  |  | $ | 337,478 |
Partially Owned Property Income Statement Schedule [Table Text Block] |
|  | Consolidated |  | Unconsolidated
|  | (VIE) |  | (Non-VIE) |  | (VIE) (1) |  | Total
Operating information for the year ended 12/31/16 (at 100%): |  |  |  |  |  |  |  |
Operating revenue |  | $ | 90,634 |  |  | $ | 26,615 |  |  | $ | 5,214 |  |  | $ | 31,829 |
Operating expenses |  | 21,647 |  |  | 9,088 |  |  | 2,023 |  |  | 11,111 |
Net operating income |  | 68,987 |  |  | 17,527 |  |  | 3,191 |  |  | 20,718 |
Property management |  | 3,190 |  |  | 776 |  |  | 75 |  |  | 851 |
General and administrative/other |  | 328 |  |  | 2 |  |  | 81 |  |  | 83 |
Depreciation |  | 20,764 |  |  | 10,510 |  |  | 5,501 |  |  | 16,011 |
Operating income (loss) |  | 44,705 |  |  | 6,239 |  |  | (2,466 | ) |  | 3,773 |
Interest and other income |  | 53 |  |  | — |  |  | — |  |  | — |
Other expenses |  | (8 | ) |  | — |  |  | — |  |  | — |
Interest: |  |  |  |  |  |  |  |
Expense incurred, net |  | (13,857 | ) |  | (8,289 | ) |  | — |  |  | (8,289 | )
Amortization of deferred financing costs |  | (345 | ) |  | (1 | ) |  | — |  |  | (1 | )
Income (loss) before income and other taxes and (loss) from investments in unconsolidated entities |  | 30,548 |  |  | (2,051 | ) |  | (2,466 | ) |  | (4,517 | )
Income and other tax (expense) benefit |  | (73 | ) |  | (13 | ) |  | — |  |  | (13 | )
(Loss) from investments in unconsolidated entities |  | (1,439 | ) |  | — |  |  | — |  |  | — |
Net income (loss) |  | $ | 29,036 |  |  | $ | (2,064 | ) |  | $ | (2,466 | ) |  | $ | (4,530 | )
(1) | Includes the Company's unconsolidated interest in an entity that owns the land underlying our Wisconsin Place apartment property and owns and operates the parking facility. This entity is excluded from the property and apartment unit count.
(2) | All debt is non-recourse to the Company.
Note: The above tables exclude EQR's ownership interest in ERPOP and the Company's interests in unconsolidated joint ventures established in connection with the acquisition of certain real estate related assets from Archstone Enterprise LP (such assets are referred to herein as "Archstone"). These ventures owned certain Archstone assets and succeeded to certain residual Archstone liabilities/litigation, as well as responsibility for tax protection arrangements and third-party preferred interests in former Archstone subsidiaries. The preferred interests had an aggregate liquidation value of $39.9 million at December 31, 2016. The ventures are owned 60% by the Company. See below for further discussion.

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- Definition Investments in Partially Owned Entities. + References No definition available. + Details
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- Definition Represents a summary of the financial position of the Company's investments in partially owned entities which are either consolidated or accounted for under the equity method of accounting (unconsolidated). Includes development projects, joint ventures and other partnerships. + References No definition available. + Details
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- Definition Represents a summary of the operations of the Company's investments in partially owned entities which are either consolidated or accounted for under the equity method of accounting (unconsolidated). Includes development projects, joint ventures and other partnerships. + References No definition available. + Details
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