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v3.25.1

Organization and Basis of Presentation - Narrative (Details) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 USD ($) partnership community building project investment apartment shares | Mar. 31, 2024 USD ($) lawsuit | Dec. 31, 2024 USD ($) community partnership investment shares
Real Estate Properties [Line Items] |  |  |
Apartment communities owned (in communities) | community | 258 |  |
Apartment units owned (in apartments) | apartment | 62,772 |  |
Ownership interest, number of commercial buildings (in commercial buildings) | building | 2 |  |
Development pipeline consisting of consolidated project | project | 1 |  |
Marketable securities (less than) | $ 100 |  | $ 100
DownREIT limited partnerships consolidated by company (in partnerships) | partnership | 18 |  | 18
Communities within DownREIT partnerships (in communities) | community | 9 |  | 9
Number of previously consolidated co-investments considered VIE (in investments) | investment | 4 |  | 5
Assets related to variable interest entities net of intercompany eliminations | $ 818,000 |  | $ 893,000
Liabilities related to variable interest entities net of intercompany eliminations | 243,900 |  | 319,100
Noncontrolling interest in variable interest entity | 101,400 |  | 105,100
Fixed rate debt carrying amount | 6,200,000 |  | 5,800,000
Fixed rate debt fair value | 5,900,000 |  | 5,500,000
Variable rate debt, carrying amount | 614,300 |  | 752,300
Variable rate debt fair value | 611,900 |  | 749,400
Capitalized internal costs related to development and redevelopment projects | 6,200 | $ 5,300 |
Redeemable noncontrolling interest | $ 34,376 |  | $ 30,849
Number of company settled lawsuits | lawsuit |  | 2 |
Construction defects at communities | community | 2 |  |
Gain contingencies from legal settlements | $ 0 | $ 42,500 |
Minimum |  |  |
Real Estate Properties [Line Items] |  |  |
Apartment lease term | 9 months |  |
Maximum |  |  |
Real Estate Properties [Line Items] |  |  |
Apartment lease term | 12 months |  |
Essex Portfolio, L.P. |  |  |
Real Estate Properties [Line Items] |  |  |
Operating partnership units outstanding (in shares) | shares | 2,283,494 |  | 2,331,251
Redemption value of operating partnership units outstanding | $ 700,100 |  | $ 665,400
Redeemable noncontrolling interest | $ 34,376 |  | $ 30,849
Partnership Interest |  |  |
Real Estate Properties [Line Items] |  |  |
Ownership interest in partnership | 96.60% |  | 96.50%

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