XML 76 R53.htm IDEA: XBRL DOCUMENT v3.10.0.1
SECURED AND UNSECURED DEBT, NET - Summary (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
community
item
Dec. 31, 2017
USD ($)
Secured debt instruments    
Unamortized discount $ 5,000 $ 8,200
Interest rate at end of the period 3.72%  
Long-term Debt $ 3,547,787 3,671,663
Unsecured Debt 2,946,560 2,868,394
Borrowings outstanding $ 3,300 3,300
Number of secured credit facilities with Fannie Mae | item 1  
Weighted Average    
Secured debt instruments    
Years to maturity 5 years 9 months 18 days  
Commercial Paper    
Secured debt instruments    
Interest rate at end of the period 2.90%  
Borrowings outstanding at end of period $ 101,115 300,000
Borrowings outstanding $ 101,115 300,000
Commercial Paper | Weighted Average    
Secured debt instruments    
Years to maturity 1 month 6 days  
Mortgages Notes Payable | Fixed Rate Debt    
Secured debt instruments    
Principal outstanding $ 417,989 395,611
Interest rate at end of the period 3.82%  
Number of Communities Encumbered | community 7  
Mortgages Notes Payable | Fixed Rate Debt | Weighted Average    
Secured debt instruments    
Years to maturity 5 years 10 months 24 days  
Tax-exempt secured notes payable | Variable Rate Debt    
Secured debt instruments    
Principal outstanding $ 94,700 94,700
Interest rate at end of the period 2.33%  
Number of Communities Encumbered | community 2  
Tax-exempt secured notes payable | Variable Rate Debt | Weighted Average    
Secured debt instruments    
Years to maturity 4 years 2 months 12 days  
Fannie Mae credit facilities | Variable Rate Debt    
Secured debt instruments    
Principal outstanding   29,034
Secured Debt    
Secured debt instruments    
Long-term Debt $ 601,227  
Secured Debt | Fixed Rate Debt    
Secured debt instruments    
Principal outstanding $ 506,646 679,777
Interest rate at end of the period 3.85%  
Long-term Debt $ 506,646  
Number of Communities Encumbered | community 8  
Secured Debt | Fixed Rate Debt | Weighted Average    
Secured debt instruments    
Years to maturity 5 years 1 month 6 days  
Secured Debt | Variable Rate Debt    
Secured debt instruments    
Long-term Debt $ 94,581  
Deferred finance costs, net $ (119) (242)
Unsecured Revolving credit facility due 2023 | Weighted Average    
Secured debt instruments    
Years to maturity 4 years 1 month 6 days  
Unsecured Working Capital Credit Facility due January 2019    
Secured debt instruments    
Borrowings outstanding $ 16 21,767
Unsecured Working Capital Credit Facility due January 2021    
Secured debt instruments    
Interest rate at end of the period 3.33%  
Borrowings outstanding $ 16 21,767
Unsecured Working Capital Credit Facility due January 2021 | Weighted Average    
Secured debt instruments    
Years to maturity 2 years  
Term Loan due September 2023    
Secured debt instruments    
Interest rate at end of the period 3.25%  
Senior Notes $ 35,000 35,000
Term Loan due September 2023 | Weighted Average    
Secured debt instruments    
Years to maturity 4 years 9 months 18 days  
3.70% Term Notes Due October 2020    
Secured debt instruments    
Unamortized discount $ 14 22
Interest rate at end of the period 3.70%  
Senior Notes $ 299,986 299,978
3.70% Term Notes Due October 2020 | Weighted Average    
Secured debt instruments    
Years to maturity 1 year 9 months 18 days  
4.63% Medium-Term Notes due January 2022    
Secured debt instruments    
Unamortized discount $ 1,087 1,446
Interest rate at end of the period 4.63%  
Senior Notes $ 398,913 398,554
4.63% Medium-Term Notes due January 2022 | Weighted Average    
Secured debt instruments    
Years to maturity 3 years  
1.93% Term Loan due September 2023    
Secured debt instruments    
Interest rate at end of the period 1.93%  
Senior Notes $ 315,000 315,000
1.93% Term Loan due September 2023 | Weighted Average    
Secured debt instruments    
Years to maturity 4 years 9 months 18 days  
3.75% Medium-Term Notes Due July 2024    
Secured debt instruments    
Unamortized discount $ 574 678
Interest rate at end of the period 3.75%  
Senior Notes $ 299,426 299,322
3.75% Medium-Term Notes Due July 2024 | Weighted Average    
Secured debt instruments    
Years to maturity 5 years 6 months  
8.50% Debentures, Due September 2024    
Secured debt instruments    
Interest rate at end of the period 8.50%  
Senior Notes $ 15,644 15,644
8.50% Debentures, Due September 2024 | Weighted Average    
Secured debt instruments    
Years to maturity 5 years 8 months 12 days  
4.00% Medium-Term Note due October 2025    
Secured debt instruments    
Unamortized discount $ 465 534
Interest rate at end of the period 4.00%  
Senior Notes $ 299,535 299,466
4.00% Medium-Term Note due October 2025 | Weighted Average    
Secured debt instruments    
Years to maturity 6 years 9 months 18 days  
2.95% Medium-Term Note due September 2026    
Secured debt instruments    
Interest rate at end of the period 2.95%  
Senior Notes $ 300,000 300,000
2.95% Medium-Term Note due September 2026 | Weighted Average    
Secured debt instruments    
Years to maturity 7 years 8 months 12 days  
3.50 Medium-Term Note due July 2027    
Secured debt instruments    
Unamortized discount $ 600 670
Interest rate at end of the period 3.50%  
Senior Notes $ 299,400 299,330
3.50 Medium-Term Note due July 2027 | Weighted Average    
Secured debt instruments    
Years to maturity 8 years 6 months  
3.50% Medium-Term Notes Due January 2028    
Secured debt instruments    
Unamortized discount $ 1,072 1,191
Interest rate at end of the period 3.50%  
Senior Notes $ 298,928 298,809
3.50% Medium-Term Notes Due January 2028 | Weighted Average    
Secured debt instruments    
Years to maturity 9 years  
4.40% Medium-Term Notes due January 2029    
Secured debt instruments    
Unamortized discount $ 6 0
Interest rate at end of the period 4.40%  
Senior Notes $ 299,994  
4.40% Medium-Term Notes due January 2029 | Weighted Average    
Secured debt instruments    
Years to maturity 10 years 1 month 6 days  
Other    
Secured debt instruments    
Senior Notes $ 16 19
Unsecured Debt    
Secured debt instruments    
Interest rate at end of the period 3.65%  
Long-term Debt $ 2,946,560  
Unsecured Debt 2,946,560 2,868,394
Deferred finance costs, net $ (16,413) (14,495)
Unsecured Debt | Weighted Average    
Secured debt instruments    
Years to maturity 6 years  
Unsecured Revolving Credit Facility due October 2015 | Commercial Paper    
Secured debt instruments    
Borrowings outstanding $ 101,100 300,000
Secured Debt    
Secured debt instruments    
Principal outstanding $ 601,227 803,269
Interest rate at end of the period 3.61%  
Number of Communities Encumbered | community 10  
Secured Debt | Weighted Average    
Secured debt instruments    
Years to maturity 5 years  
Secured Debt | Fixed Rate Debt    
Secured debt instruments    
Deferred finance costs, net $ (1,343) (1,670)
Secured Debt | Variable Rate Debt    
Secured debt instruments    
Principal outstanding $ 94,581 123,492
Interest rate at end of the period 2.33%  
Number of Communities Encumbered | community 2  
Secured Debt | Variable Rate Debt | Weighted Average    
Secured debt instruments    
Years to maturity 4 years 2 months 12 days  
Fannie Mae credit facilities | Fixed Rate Debt    
Secured debt instruments    
Principal outstanding $ 90,000 $ 285,836
Interest rate at end of the period 3.95%  
Number of Communities Encumbered | community 1  
Fannie Mae credit facilities | Fixed Rate Debt | Weighted Average    
Secured debt instruments    
Years to maturity 1 year 6 months