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CONSOLIDATED BALANCE SHEETS OF ERP OPERATING LIMITED PARTNERSHIP - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019
--- | --- | ---
ASSETS |  |
Land | $ 5,785,367 | $ 5,936,188
Depreciable property | 20,920,654 | 21,319,101
Projects under development | 411,134 | 181,630
Land held for development | 86,170 | 96,688
Investment in real estate | 27,203,325 | 27,533,607
Accumulated depreciation | (7,859,657) | (7,276,786)
Investment in real estate, net | 19,343,668 | 20,256,821
Investments in unconsolidated entities | 52,782 | 52,238
Cash and cash equivalents | 42,591 | 45,753
Restricted deposits | 57,137 | 71,246
Right-of-use assets | 499,287 | 512,774
Other assets | 291,426 | 233,937
Total assets | 20,286,891 | 21,172,769
Liabilities: |  |
Mortgage notes payable, net | 2,293,890 | 1,941,610
Notes, net | 5,335,536 | 6,077,513
Line of credit and commercial paper | 414,830 | 1,017,833
Accounts payable and accrued expenses | 107,366 | 94,350
Accrued interest payable | 65,896 | 66,852
Lease liabilities | 329,130 | 331,334
Other liabilities | 345,064 | 346,963
Security deposits | 60,480 | 70,062
Distributions payable | 232,262 | 218,326
Total liabilities | 9,184,454 | 10,164,843
Commitments and contingencies |  |
Redeemable Limited Partners | 338,951 | 463,400
Partners’ Capital: |  |
Accumulated other comprehensive income (loss) | (43,666) | (77,563)
Noncontrolling Interests – Partially Owned Properties | 4,673 | 1,183
Total liabilities and equity/capital | 20,286,891 | 21,172,769
ERPOP [Member] |  |
ASSETS |  |
Land | 5,785,367 | 5,936,188
Depreciable property | 20,920,654 | 21,319,101
Projects under development | 411,134 | 181,630
Land held for development | 86,170 | 96,688
Investment in real estate | 27,203,325 | 27,533,607
Accumulated depreciation | (7,859,657) | (7,276,786)
Investment in real estate, net | 19,343,668 | 20,256,821
Investments in unconsolidated entities | 52,782 | 52,238
Cash and cash equivalents | 42,591 | 45,753
Restricted deposits | 57,137 | 71,246
Right-of-use assets | 499,287 | 512,774
Other assets | 291,426 | 233,937
Total assets | 20,286,891 | 21,172,769
Liabilities: |  |
Mortgage notes payable, net | 2,293,890 | 1,941,610
Notes, net | 5,335,536 | 6,077,513
Line of credit and commercial paper | 414,830 | 1,017,833
Accounts payable and accrued expenses | 107,366 | 94,350
Accrued interest payable | 65,896 | 66,852
Lease liabilities | 329,130 | 331,334
Other liabilities | 345,064 | 346,963
Security deposits | 60,480 | 70,062
Distributions payable | 232,262 | 218,326
Total liabilities | 9,184,454 | 10,164,843
Commitments and contingencies |  |
Redeemable Limited Partners | 338,951 | 463,400
Partners’ Capital: |  |
Preference Units | 37,280 | 37,280
General Partner | 10,532,037 | 10,355,789
Limited Partners | 233,162 | 227,837
Accumulated other comprehensive income (loss) | (43,666) | (77,563)
Total partners’ capital | 10,758,813 | 10,543,343
Noncontrolling Interests – Partially Owned Properties | 4,673 | 1,183
Total capital | 10,763,486 | 10,544,526
Total liabilities and equity/capital | $ 20,286,891 | $ 21,172,769

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