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CONSOLIDATED BALANCE SHEETS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020
--- | --- | ---
ASSETS |  |
Land | $ 5,779,686 | $ 5,785,367
Depreciable property | 21,840,344 | 20,920,654
Projects under development | 163,659 | 411,134
Land held for development | 82,026 | 86,170
Investment in real estate | 27,865,715 | 27,203,325
Accumulated depreciation | (8,260,846) | (7,859,657)
Investment in real estate, net | 19,604,869 | 19,343,668
Investments in unconsolidated entities | 79,429 | 52,782
Cash and cash equivalents | 39,707 | 42,591
Restricted deposits | 187,042 | 57,137
Right-of-use assets | 477,693 | 499,287
Other assets | 274,275 | 291,426
Total assets | 20,663,015 | 20,286,891
Liabilities: |  |
Mortgage notes payable, net | 2,281,165 | 2,293,890
Notes, net | 5,833,483 | 5,335,536
Line of credit and commercial paper | 30,000 | 414,830
Accounts payable and accrued expenses | 166,522 | 107,366
Accrued interest payable | 56,777 | 65,896
Lease liabilities | 313,361 | 329,130
Other liabilities | 350,201 | 345,064
Security deposits | 64,617 | 60,480
Distributions payable | 233,306 | 232,262
Total liabilities | 9,329,432 | 9,184,454
Commitments and contingencies |  |
Redeemable Limited Partners | 459,933 | 338,951
Partners’ Capital: |  |
Accumulated other comprehensive income (loss) | (36,666) | (43,666)
Noncontrolling Interests – Partially Owned Properties | 2,138 | 4,673
Total liabilities and equity/capital | 20,663,015 | 20,286,891
ERPOP [Member] |  |
ASSETS |  |
Land | 5,779,686 | 5,785,367
Depreciable property | 21,840,344 | 20,920,654
Projects under development | 163,659 | 411,134
Land held for development | 82,026 | 86,170
Investment in real estate | 27,865,715 | 27,203,325
Accumulated depreciation | (8,260,846) | (7,859,657)
Investment in real estate, net | 19,604,869 | 19,343,668
Investments in unconsolidated entities | 79,429 | 52,782
Cash and cash equivalents | 39,707 | 42,591
Restricted deposits | 187,042 | 57,137
Right-of-use assets | 477,693 | 499,287
Other assets | 274,275 | 291,426
Total assets | 20,663,015 | 20,286,891
Liabilities: |  |
Mortgage notes payable, net | 2,281,165 | 2,293,890
Notes, net | 5,833,483 | 5,335,536
Line of credit and commercial paper | 30,000 | 414,830
Accounts payable and accrued expenses | 166,522 | 107,366
Accrued interest payable | 56,777 | 65,896
Lease liabilities | 313,361 | 329,130
Other liabilities | 350,201 | 345,064
Security deposits | 64,617 | 60,480
Distributions payable | 233,306 | 232,262
Total liabilities | 9,329,432 | 9,184,454
Commitments and contingencies |  |
Redeemable Limited Partners | 459,933 | 338,951
Partners’ Capital: |  |
Preference Units | 37,280 | 37,280
General Partner | 10,661,943 | 10,532,037
Limited Partners | 208,955 | 233,162
Accumulated other comprehensive income (loss) | (36,666) | (43,666)
Total partners’ capital | 10,871,512 | 10,758,813
Noncontrolling Interests – Partially Owned Properties | 2,138 | 4,673
Total capital | 10,873,650 | 10,763,486
Total liabilities and equity/capital | $ 20,663,015 | $ 20,286,891

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