Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Reconciliation of NOI from Rental Real Estate Specific to Continuing Operations

The following table presents a reconciliation of NOI from our rental real estate specific to continuing operations for the quarters ended March 31, 2017 and 2016, respectively (amounts in thousands):

	Quarter Ended March 31,
	2017			2016
Rental income	$	603,920		$	616,165
Property and maintenance expense		(102,608	)		(109,165	)
Real estate taxes and insurance expense		(81,728	)		(80,196	)
Total operating expenses		(184,336	)		(189,361	)
Net operating income	$	419,584		$	426,804

Schedule of NOI for Each Segment from Rental Real Estate Specific to Continuing Operations

The following tables present NOI for each segment from our rental real estate specific to continuing operations for the quarters ended March 31, 2017 and 2016, respectively, as well as total assets and capital expenditures at March 31, 2017 (amounts in thousands):

	Quarter Ended March 31, 2017								Quarter Ended March 31, 2016
	Rental Income			Operating Expenses		NOI			Rental Income		Operating Expenses		NOI
Same store (1)
Los Angeles	$	97,182		$	28,570	$	68,612		$	93,634	$	27,215	$	66,419
San Diego		22,558			6,062		16,496			21,471		5,836		15,635
Orange County		21,656			5,471		16,185			20,522		5,142		15,380
Subtotal - Southern California		141,396			40,103		101,293			135,627		38,193		97,434

Washington DC		106,442			32,332		74,110			104,294		31,462		72,832
New York		114,386			43,060		71,326			114,038		40,728		73,310
San Francisco		94,008			22,753		71,255			91,361		22,426		68,935
Boston		60,142			16,767		43,375			59,318		16,614		42,704
Seattle		43,398			12,104		31,294			40,771		11,429		29,342
Other Markets		464			197		267			437		152		285
Total same store		560,236			167,316		392,920			545,846		161,004		384,842

Non-same store/other (2) (3)
Non-same store		46,112			15,548		30,564			19,389		7,873		11,516
Other (3)		(2,428	)		1,472		(3,900	)		50,930		20,484		30,446
Total non-same store/other		43,684			17,020		26,664			70,319		28,357		41,962

Totals	$	603,920		$	184,336	$	419,584		$	616,165	$	189,361	$	426,804

(1)	For the quarters ended March 31, 2017 and 2016, same store primarily includes all properties acquired or completed that were stabilized prior to January 1, 2016, less properties subsequently sold, which represented 71,000 apartment units.

(2)	For the quarters ended March 31, 2017 and 2016, non-same store primarily includes properties acquired after January 1, 2016, plus any properties in lease-up and not stabilized as of January 1, 2016.

(3)	Other includes development, other corporate operations and operations prior to sale for properties sold from 2014 through 2017 that do not meet the new discontinued operations criteria.

	Quarter Ended March 31, 2017
	Total Assets		Capital Expenditures
Same store (1)
Los Angeles	$	2,663,858	$	5,150
San Diego		468,868		1,111
Orange County		334,555		1,617
Subtotal - Southern California		3,467,281		7,878

Washington DC		3,892,715		9,006
New York		4,279,073		6,713
San Francisco		2,509,353		7,163
Boston		1,823,241		3,419
Seattle		1,185,594		3,384
Other Markets		12,818		20
Total same store		17,170,075		37,583

Non-same store/other (2) (3)
Non-same store		2,368,331		1,561
Other (3)		1,069,932		153
Total non-same store/other		3,438,263		1,714

Totals	$	20,608,338	$	39,297

(1)	Same store primarily includes all properties acquired or completed that were stabilized prior to January 1, 2016, less properties subsequently sold, which represented 71,000 apartment units.

(2)	Non-same store primarily includes properties acquired after January 1, 2016, plus any properties in lease-up and not stabilized as of January 1, 2016.

(3)	Other includes development, other corporate operations and capital expenditures for properties sold.