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Organization and Basis of Presentation (Tables) | 6 Months Ended
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Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Components of marketable securities | As of June 30, 2017 and December 31, 2016, marketable securities consist of the following ($ in thousands):
| June 30, 2017
| Amortized Cost |  | Gross Unrealized Gain (Loss) |  | Carrying Value
Available for sale: |  |  |  |  |
Investment-grade unsecured bonds | $ | 18,332 |  |  | $ | 148 |  |  | $ | 18,480 |
Investment funds - U.S. treasuries | 7,774 |  |  | (23 | ) |  | 7,751 |
Common stock and stock funds | 23,663 |  |  | 418 |  |  | 24,081 |
Held to maturity: |  |  |  |  |  |  |  |
Mortgage backed securities | 101,683 |  |  | — |  |  | 101,683 |
Total - Marketable securities | $ | 151,452 |  |  | $ | 543 |  |  | $ | 151,995 |
| December 31, 2016
| Amortized Cost |  | Gross Unrealized Gain (Loss) |  | Carrying Value
Available for sale: |  |  |  |  |  |  |  |
Investment-grade unsecured bonds | $ | 19,604 |  |  | $ | (73 | ) |  | $ | 19,531 |
Investment funds - U.S. treasuries | 10,022 |  |  | (22 | ) |  | 10,000 |
Common stock and stock funds | 13,696 |  |  | 1,569 |  |  | 15,265 |
Held to maturity: |  |  |  |  |  |  |  |
Mortgage backed securities | 94,393 |  |  | — |  |  | 94,393 |
Total - Marketable securities | $ | 137,715 |  |  | $ | 1,474 |  |  | $ | 139,189 |
Changes in accumulated other comprehensive income (loss) | Changes in Accumulated Other Comprehensive Loss, Net by Component Essex Property Trust, Inc. ($ in thousands)
| Change in fair value and amortization of swap settlements |  | Unrealized gains/(losses) on available for sale securities |  | Total
Balance at December 31, 2016 | $ | (32,963 | ) |  | $ | 865 |  |  | $ | (32,098 | )
Other comprehensive income before reclassification | 8,629 |  |  | 664 |  |  | 9,293 |
Amounts reclassified from accumulated other comprehensive loss | (3,972 | ) |  | (1,564 | ) |  | (5,536 | )
Other comprehensive income (loss) | 4,657 |  |  | (900 | ) |  | 3,757 |
Balance at June 30, 2017 | $ | (28,306 | ) |  | $ | (35 | ) |  | $ | (28,341 | )
Changes in Accumulated Other Comprehensive Loss, by Component Essex Portfolio, L.P. ($ in thousands):
| Change in fair value and amortization of swap settlements |  | Unrealized gains/(losses) on available for sale securities |  | Total
Balance at December 31, 2016 | $ | (30,161 | ) |  | $ | 813 |  |  | $ | (29,348 | )
Other comprehensive income before reclassification | 8,925 |  |  | 687 |  |  | 9,612 |
Amounts reclassified from accumulated other comprehensive loss | (4,108 | ) |  | (1,618 | ) |  | (5,726 | )
Other comprehensive income (loss) | 4,817 |  |  | (931 | ) |  | 3,886 |
Balance at June 30, 2017 | $ | (25,344 | ) |  | $ | (118 | ) |  | $ | (25,462 | )
Schedule of changes to the redemption value of noncontrolling interests | The changes to the redemption value of redeemable noncontrolling interests for the six months ended June 30, 2017 is as follows ($ in thousands):
| 2017
Balance at January 1, | $ | 44,684 |
Reclassification due to change in redemption value and other | 1,117 |
Redemptions | (720 | )
Additions | — |
Balance at June 30, | $ | 45,081 |

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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References No definition available. + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=84228862&loc=SL7669686-108580 + Details
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- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
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