XML 122 R58.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
SECURED AND UNSECURED DEBT, NET - Summary (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
community
Dec. 31, 2018
USD ($)
Nov. 30, 2019
USD ($)
Secured debt instruments      
Unamortized net premium $ 35,300 $ 5,000  
Interest rate at end of the period 3.43%    
Long-term Debt $ 4,707,524 3,547,787  
Unsecured Debt 3,558,083 2,946,560  
Borrowings outstanding $ 2,900 3,300  
Weighted Average      
Secured debt instruments      
Years to maturity 7 years 1 month 6 days    
Commercial Paper      
Secured debt instruments      
Interest rate at end of the period 1.99%    
Borrowings outstanding at end of period $ 300,000 101,115  
Borrowings outstanding $ 300,000 101,115  
Commercial Paper | Weighted Average      
Secured debt instruments      
Years to maturity 1 month 6 days    
Mortgages Notes Payable | Minimum      
Secured debt instruments      
Principal outstanding     $ 32,600
Mortgages Notes Payable | Fixed Rate Debt      
Secured debt instruments      
Principal outstanding $ 884,869 417,989 313,400
Interest rate at end of the period 3.61%    
Number of Communities Encumbered | community 15    
Mortgages Notes Payable | Fixed Rate Debt | Weighted Average      
Secured debt instruments      
Years to maturity 6 years 2 months 12 days    
Tax-exempt secured notes payable | Variable Rate Debt      
Secured debt instruments      
Principal outstanding $ 27,000 94,700  
Interest rate at end of the period 1.79%    
Number of Communities Encumbered | community 1    
Tax-exempt secured notes payable | Variable Rate Debt | Weighted Average      
Secured debt instruments      
Years to maturity 12 years 2 months 12 days    
Credit facilities      
Secured debt instruments      
Principal outstanding     $ 205,000
Secured Debt      
Secured debt instruments      
Long-term Debt $ 1,149,441    
Secured Debt | Fixed Rate Debt      
Secured debt instruments      
Principal outstanding $ 1,122,505 506,646  
Interest rate at end of the period 3.85%    
Long-term Debt $ 1,122,505    
Number of Communities Encumbered | community 19    
Secured Debt | Fixed Rate Debt | Weighted Average      
Secured debt instruments      
Years to maturity 5 years 7 months 6 days    
Secured Debt | Variable Rate Debt      
Secured debt instruments      
Long-term Debt $ 26,936    
Deferred finance costs, net $ (64) (119)  
Unsecured Revolving credit facility due 2023 | Weighted Average      
Secured debt instruments      
Years to maturity 3 years 1 month 6 days    
Unsecured Working Capital Credit Facility due January 2021      
Secured debt instruments      
Interest rate at end of the period 2.59%    
Borrowings outstanding $ 16,583 16  
Unsecured Working Capital Credit Facility due January 2021 | Weighted Average      
Secured debt instruments      
Years to maturity 1 year    
Term Loan due September 2023      
Secured debt instruments      
Interest rate at end of the period 2.59%    
Senior Notes $ 35,000 35,000  
Term Loan due September 2023 | Weighted Average      
Secured debt instruments      
Years to maturity 3 years 9 months 18 days    
3.70% Term Notes Due October 2020      
Secured debt instruments      
Unamortized discount $ 0 $ 14  
Interest rate at end of the period   3.70%  
Senior Notes   $ 299,986  
4.63% Medium-Term Notes due January 2022      
Secured debt instruments      
Unamortized discount $ 0 $ 1,087  
Interest rate at end of the period   4.63%  
Senior Notes   $ 398,913  
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 3 years 9 months 18 days    
3.75% Medium-Term Notes Due July 2024      
Secured debt instruments      
Unamortized discount $ 470 574  
Interest rate at end of the period 3.75%    
Senior Notes $ 299,530 299,426  
3.75% Medium-Term Notes Due July 2024 | Weighted Average      
Secured debt instruments      
Years to maturity 4 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 4 years 8 months 12 days    
4.00% Medium-Term Note due October 2025      
Secured debt instruments      
Unamortized discount $ 396 465  
Interest rate at end of the period 4.00%    
Senior Notes $ 299,604 299,535  
4.00% Medium-Term Note due October 2025 | Weighted Average      
Secured debt instruments      
Years to maturity 5 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 6 years 8 months 12 days    
3.50 Medium-Term Note due July 2027      
Secured debt instruments      
Unamortized discount $ 529 600  
Interest rate at end of the period 3.50%    
Senior Notes $ 299,471 299,400  
3.50 Medium-Term Note due July 2027 | Weighted Average      
Secured debt instruments      
Years to maturity 7 years 6 months    
3.50% Medium-Term Notes Due January 2028      
Secured debt instruments      
Unamortized discount $ 954 1,072  
Interest rate at end of the period 3.50%    
Senior Notes $ 299,046 298,928  
3.50% Medium-Term Notes Due January 2028 | Weighted Average      
Secured debt instruments      
Years to maturity 8 years    
4.40% Medium-Term Notes due January 2029      
Secured debt instruments      
Unamortized discount $ 5 6  
Interest rate at end of the period 4.40%    
Senior Notes $ 299,995 299,994  
4.40% Medium-Term Notes due January 2029 | Weighted Average      
Secured debt instruments      
Years to maturity 9 years 1 month 6 days    
3.20% Medium-Term Notes due January 2030      
Secured debt instruments      
Unamortized net premium $ 2,281 0  
Interest rate at end of the period 3.20%    
Senior Notes $ 402,281    
3.20% Medium-Term Notes due January 2030 | Weighted Average      
Secured debt instruments      
Years to maturity 10 years    
3.00% Medium-Term Notes due August 2031      
Secured debt instruments      
Unamortized discount $ 1,123 0  
Interest rate at end of the period 3.00%    
Senior Notes $ 398,877    
3.00% Medium-Term Notes due August 2031 | Weighted Average      
Secured debt instruments      
Years to maturity 11 years 7 months 6 days    
3.10% Medium-Term Notes due November 2034      
Secured debt instruments      
Unamortized discount $ 1,309 0  
Interest rate at end of the period 3.10%    
Senior Notes $ 298,691    
3.10% Medium-Term Notes due November 2034 | Weighted Average      
Secured debt instruments      
Years to maturity 14 years 9 months 18 days    
Other      
Secured debt instruments      
Senior Notes $ 13 16  
Unsecured Debt      
Secured debt instruments      
Interest rate at end of the period 3.27%    
Long-term Debt $ 3,558,083    
Unsecured Debt 3,558,083 2,946,560  
Deferred finance costs, net $ (21,652) (16,413)  
Unsecured Debt | Weighted Average      
Secured debt instruments      
Years to maturity 7 years 6 months    
Secured Debt      
Secured debt instruments      
Principal outstanding $ 1,149,441 601,227  
Interest rate at end of the period 3.80%    
Number of Communities Encumbered | community 20    
Secured Debt | Weighted Average      
Secured debt instruments      
Years to maturity 5 years 8 months 12 days    
Secured Debt | Fixed Rate Debt      
Secured debt instruments      
Deferred financing costs and other non-cash adjustments $ (33,046) 1,343  
Secured Debt | Variable Rate Debt      
Secured debt instruments      
Principal outstanding $ 26,936 94,581  
Interest rate at end of the period 1.79%    
Number of Communities Encumbered | community 1    
Secured Debt | Variable Rate Debt | Weighted Average      
Secured debt instruments      
Years to maturity 12 years 2 months 12 days    
Credit facilities      
Secured debt instruments      
Borrowings outstanding $ 204,590 90,000  
Credit facilities | Fixed Rate Debt      
Secured debt instruments      
Principal outstanding $ 204,590 90,000  
Interest rate at end of the period 4.90%    
Number of Communities Encumbered | community 4    
Credit facilities | Fixed Rate Debt | Weighted Average      
Secured debt instruments      
Years to maturity 3 years    
United Dominion Realty L.P.      
Secured debt instruments      
Principal outstanding $ 99,071 26,929  
Interest rate at end of the period 2.78%    
Number of Communities Encumbered | community 2    
Deferred finance costs, net $ (429)    
United Dominion Realty L.P. | Weighted Average      
Secured debt instruments      
Years to maturity 10 years 8 months 12 days    
United Dominion Realty L.P. | Fixed Rate Debt      
Secured debt instruments      
Principal outstanding $ 72,135    
Interest rate at end of the period 3.10%    
Number of Communities Encumbered | community 1    
Deferred finance costs, net $ (365)    
United Dominion Realty L.P. | Fixed Rate Debt | Weighted Average      
Secured debt instruments      
Years to maturity 10 years 1 month 6 days    
United Dominion Realty L.P. | Variable Rate Debt      
Secured debt instruments      
Deferred finance costs, net $ (64) (71)  
United Dominion Realty L.P. | Commercial Paper      
Secured debt instruments      
Borrowings outstanding 300,000 101,100  
United Dominion Realty L.P. | Mortgages Notes Payable | Fixed Rate Debt      
Secured debt instruments      
Principal outstanding $ 72,500    
Interest rate at end of the period 3.10%    
Number of Communities Encumbered | community 1    
United Dominion Realty L.P. | Mortgages Notes Payable | Fixed Rate Debt | Weighted Average      
Secured debt instruments      
Years to maturity 10 years 1 month 6 days    
United Dominion Realty L.P. | Tax-exempt secured notes payable | Variable Rate Debt      
Secured debt instruments      
Principal outstanding $ 27,000 $ 27,000  
Interest rate at end of the period 1.79%    
Number of Communities Encumbered | community 1    
United Dominion Realty L.P. | Tax-exempt secured notes payable | Variable Rate Debt | Weighted Average      
Secured debt instruments      
Years to maturity 12 years 2 months 12 days