CONSOLIDATED BALANCE SHEETS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Land	$ 5,516,087	$ 5,563,407
Depreciable property	24,808,104	24,705,540
Projects under development	58,312	100,561
Land held for development	58,318	86,341
Investment in real estate	30,440,821	30,455,849
Accumulated depreciation	(11,453,919)	(11,016,900)
Investment in real estate, net	18,986,902	19,438,949
Investments in unconsolidated entities	323,342	325,939
Cash and cash equivalents	36,405	55,904
Restricted deposits	106,975	102,950
Right-of-use assets	450,474	454,916
Other assets	371,479	367,365
Total assets	20,275,577	20,746,023
Liabilities:
Mortgage notes payable, net	1,591,821	1,589,904
Notes, net	6,002,002	5,998,458
Line of credit and commercial paper	667,846	586,648
Accounts payable and accrued expenses	120,197	109,165
Accrued interest payable	73,450	73,860
Lease liabilities	303,831	304,575
Other liabilities	277,286	324,616
Security deposits	83,076	82,155
Distributions payable	269,489	267,508
Total liabilities	9,388,998	9,336,889
Commitments and contingencies
Redeemable Limited Partners	189,941	176,289
Partners’ Capital:
Accumulated other comprehensive income (loss)	2,748	2,175
Noncontrolling Interests – Partially Owned Properties	(1,158)	(789)
Total liabilities and equity/capital	20,275,577	20,746,023
ERPOP [Member]
ASSETS
Land	5,516,087	5,563,407
Depreciable property	24,808,104	24,705,540
Projects under development	58,312	100,561
Land held for development	58,318	86,341
Investment in real estate	30,440,821	30,455,849
Accumulated depreciation	(11,453,919)	(11,016,900)
Investment in real estate, net	18,986,902	19,438,949
Investments in unconsolidated entities	323,342	325,939
Cash and cash equivalents	36,405	55,904
Restricted deposits	106,975	102,950
Right-of-use assets	450,474	454,916
Other assets	371,479	367,365
Total assets	20,275,577	20,746,023
Liabilities:
Mortgage notes payable, net	1,591,821	1,589,904
Notes, net	6,002,002	5,998,458
Line of credit and commercial paper	667,846	586,648
Accounts payable and accrued expenses	120,197	109,165
Accrued interest payable	73,450	73,860
Lease liabilities	303,831	304,575
Other liabilities	277,286	324,616
Security deposits	83,076	82,155
Distributions payable	269,489	267,508
Total liabilities	9,388,998	9,336,889
Commitments and contingencies
Redeemable Limited Partners	189,941	176,289
Partners’ Capital:
Preference Units	17,155	17,155
General Partner	10,495,077	11,022,169
Limited Partners	182,816	192,135
Accumulated other comprehensive income (loss)	2,748	2,175
Total partners’ capital	10,697,796	11,233,634
Noncontrolling Interests – Partially Owned Properties	(1,158)	(789)
Total capital	10,696,638	11,232,845
Total liabilities and equity/capital	$ 20,275,577	$ 20,746,023

Carrying value as of the balance sheet date of obligations incurred and payable pertaining to goods and services received from vendors, are incurred in connection with contractual obligations or accumulate over time and for which invoices have not yet been received or will not be rendered.

No definition available.