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Organization and Basis of Presentation (Tables) | 9 Months Ended
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Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Components of marketable securities | As of September 30, 2019 and December 31, 2018, marketable securities consist of the following ($ in thousands):
| September 30, 2019
| Amortized Cost/Cost |  | Gross Unrealized Gain (Loss) |  | Carrying Value
Equity securities: |  |  |  |  |
Investment funds - debt securities | $ | 27,883 |  |  | $ | 576 |  |  | $ | 28,459 |
Common stock and stock funds | 37,123 |  |  | 1,465 |  |  | 38,588 |
Debt securities: |  |  |  |  |
Available for sale |  |  |  |  |
U.S. treasury securities | 4,915 |  |  | (15 | ) |  | 4,900 |
Investment-grade unsecured debt | 1,048 |  |  | 10 |  |  | 1,058 |
Held to maturity |  |  |  |  |  |  |
Mortgage backed securities | 143,889 |  |  | — |  |  | 143,889 |
Total - Marketable securities | $ | 214,858 |  |  | $ | 2,036 |  |  | $ | 216,894 |
| December 31, 2018
| Amortized Cost/Cost |  | Gross Unrealized Gain (Loss) |  | Carrying Value
Equity securities: |  |  |  |  |
Investment funds - debt securities | $ | 31,934 |  |  | $ | (568 | ) |  | $ | 31,366 |
Common stock and stock funds | 39,731 |  |  | (1,671 | ) |  | 38,060 |
Debt securities: |  |  |  |  |
Available for sale |  |  |  |  |
U.S. treasury securities | 8,983 |  |  | (31 | ) |  | 8,952 |
Investment-grade unsecured bonds | 4,125 |  |  | (145 | ) |  | 3,980 |
Held to maturity |  |  |  |  |  |  |  |
Mortgage backed securities | 127,187 |  |  | — |  |  | 127,187 |
Total - Marketable securities | $ | 211,960 |  |  | $ | (2,415 | ) |  | $ | 209,545 |
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, 2018 | $ | (13,077 | ) |  | $ | (140 | ) |  | $ | (13,217 | )
Cumulative effect upon adoption of ASU No. 2017-12 | 175 |  |  | — |  |  | 175 |
Other comprehensive (loss) income before reclassification | (490 | ) |  | 197 |  |  | (293 | )
Amounts reclassified from accumulated other comprehensive loss | (5,662 | ) |  | (31 | ) |  | (5,693 | )
Other comprehensive income | (5,977 | ) |  | 166 |  |  | (5,811 | )
Balance at September 30, 2019 | $ | (19,054 | ) |  | $ | 26 |  |  | $ | (19,028 | )
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, 2018 | $ | (9,593 | ) |  | $ | (145 | ) |  | $ | (9,738 | )
Cumulative effect upon adoption of ASU No. 2017-12 | 181 |  |  | — |  |  | 181 |
Other comprehensive income (loss) before reclassification | (506 | ) |  | 203 |  |  | (303 | )
Amounts reclassified from accumulated other comprehensive loss | (5,860 | ) |  | (32 | ) |  | (5,892 | )
Other comprehensive income | (6,185 | ) |  | 171 |  |  | (6,014 | )
Balance at September 30, 2019 | $ | (15,778 | ) |  | $ | 26 |  |  | $ | (15,752 | )
Schedule of changes to the redemption value of noncontrolling interests | The changes to the redemption value of redeemable noncontrolling interests for the nine months ended September 30, 2019 is as follows ($ in thousands):
Balance at December 31, 2018 | $ | 35,475 |
Reclassification due to change in redemption value and other | 3,675 |
Redemptions | (73 | )
Balance at September 30, 2019 | $ | 39,077 |
Schedule of cash and cash equivalents | The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
| September 30, 2019 |  | December 31, 2018 |  | September 30, 2018 |  | December 31, 2017
Cash and cash equivalents - unrestricted | $ | 74,031 |  |  | $ | 134,465 |  |  | $ | 157,279 |  |  | $ | 44,620 |
Cash and cash equivalents - restricted | 17,695 |  |  | 16,930 |  |  | 17,347 |  |  | 16,506 |
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows | $ | 91,726 |  |  | $ | 151,395 |  |  | $ | 174,626 |  |  | $ | 61,126 |
Schedule of restricted cash and cash equivalents | The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
| September 30, 2019 |  | December 31, 2018 |  | September 30, 2018 |  | December 31, 2017
Cash and cash equivalents - unrestricted | $ | 74,031 |  |  | $ | 134,465 |  |  | $ | 157,279 |  |  | $ | 44,620 |
Cash and cash equivalents - restricted | 17,695 |  |  | 16,930 |  |  | 17,347 |  |  | 16,506 |
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows | $ | 91,726 |  |  | $ | 151,395 |  |  | $ | 174,626 |  |  | $ | 61,126 |

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