XML 118 R103.htm IDEA: XBRL DOCUMENT v3.20.2
DEBT, NET (UNITED DOMINION REALTY, L.P.) - Additional Information (Details)
1 Months Ended
Jul. 21, 2020
USD ($)
Jul. 14, 2020
USD ($)
Feb. 29, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Oct. 31, 2019
USD ($)
Jul. 31, 2019
USD ($)
Fixed and variable rate debt                
Long-term commercial paper       $ 500,000,000.0        
Borrowings outstanding       2,900,000   $ 2,900,000    
Commercial Paper                
Fixed and variable rate debt                
Commercial paper program       $ 185,000,000   $ 300,000,000    
Interest rate at the end of the period       0.40%   2.00%    
Credit facilities | Fixed Rate Debt                
Fixed and variable rate debt                
Principal outstanding       $ 202,254,000   $ 204,590,000    
Mortgages Note Payable | Fixed Rate Debt                
Fixed and variable rate debt                
Principal outstanding       855,585,000   884,869,000    
Tax-exempt secured notes payable | Variable Rate Debt                
Fixed and variable rate debt                
Principal outstanding       27,000,000   27,000,000    
Term Loan due September 2023                
Fixed and variable rate debt                
Senior Notes       35,000,000   35,000,000    
3.75% Medium-Term Notes Due July 2024                
Fixed and variable rate debt                
Senior Notes       299,583,000   299,530,000    
2.10% Medium Term Note Due August 1, 2032                
Fixed and variable rate debt                
Interest rate 2.10%              
Debt $ 400,000,000.0              
Price as percentage of principal amount 99.894              
4.64% Secured Debt Due in 2023                
Fixed and variable rate debt                
Interest rate 4.64%              
Repayment of debt $ 245,800,000              
4.00% Medium-Term Note due October 2025                
Fixed and variable rate debt                
Senior Notes       299,638,000   299,604,000    
2.95% Medium-Term Note due September 2026                
Fixed and variable rate debt                
Senior Notes       300,000,000   300,000,000    
3.50 Medium-Term Note due July 2027                
Fixed and variable rate debt                
Senior Notes       299,506,000   299,471,000    
3.50% Medium-Term Notes Due January 2028                
Fixed and variable rate debt                
Senior Notes       299,106,000   299,046,000    
3.20% Medium-Term Notes due January 2030                
Fixed and variable rate debt                
Guarantor borrowing capacity       600,000,000        
Interest rate     3.20%       3.20% 3.20%
Senior Notes     $ 600,000,000.0 613,099,000   402,281,000    
Debt     $ 200,000,000.0       $ 100,000,000.0 $ 300,000,000.0
Price as percentage of principal amount     105.660          
Medium-Term Notes Due August 2031                
Fixed and variable rate debt                
Guarantor borrowing capacity       400,000,000        
Debt       150,000,000.0        
3.10% senior unsecured notes due 2034                
Fixed and variable rate debt                
Guarantor borrowing capacity       300,000,000        
United Dominion Realty L.P. | Financial Guarantee                
Fixed and variable rate debt                
Guarantor borrowing capacity       1,100,000,000        
United Dominion Realty L.P. | Unsecured Commercial Bank Credit Facility                
Fixed and variable rate debt                
Long-term commercial paper       500,000,000        
United Dominion Realty L.P. | Mortgages Note Payable                
Fixed and variable rate debt                
Principal outstanding       $ 72,500,000        
Interest rate       3.10%        
United Dominion Realty L.P. | Mortgages Note Payable | Fixed Rate Debt                
Fixed and variable rate debt                
Principal outstanding       $ 72,500,000   72,500,000    
United Dominion Realty L.P. | Mortgages Note Payable | Variable Rate Debt | Operating Partnership                
Fixed and variable rate debt                
Principal outstanding       $ 27,000,000.0        
Interest rate at the end of the period       0.85%        
United Dominion Realty L.P. | Tax-exempt secured notes payable | Variable Rate Debt                
Fixed and variable rate debt                
Principal outstanding       $ 27,000,000   27,000,000    
United Dominion Realty L.P. | Unsecured Commercial Paper                
Fixed and variable rate debt                
Borrowings outstanding       185,000,000.0   $ 300,000,000.0    
United Dominion Realty L.P. | 3.70% Term Notes Due October 2020                
Fixed and variable rate debt                
Guarantor borrowing capacity       300,000,000        
United Dominion Realty L.P. | Term Loan due September 2023                
Fixed and variable rate debt                
Guarantor borrowing capacity       350,000,000        
United Dominion Realty L.P. | 3.75% Medium-Term Notes Due July 2024                
Fixed and variable rate debt                
Guarantor borrowing capacity         $ 300,000,000      
United Dominion Realty L.P. | 2.10% Medium Term Note Due August 1, 2032                
Fixed and variable rate debt                
Guarantor borrowing capacity $ 400,000,000.0              
Interest rate 2.10%              
Price as percentage of principal amount 99.894              
United Dominion Realty L.P. | 4.64% Secured Debt Due in 2023                
Fixed and variable rate debt                
Interest rate 4.64%              
Repayment of debt $ 245,800,000              
United Dominion Realty L.P. | 4.00% Medium-Term Note due October 2025                
Fixed and variable rate debt                
Guarantor borrowing capacity       300,000,000        
United Dominion Realty L.P. | 2.95% Medium-Term Note due September 2026                
Fixed and variable rate debt                
Guarantor borrowing capacity       300,000,000        
United Dominion Realty L.P. | 3.50 Medium-Term Note due July 2027                
Fixed and variable rate debt                
Guarantor borrowing capacity       300,000,000        
United Dominion Realty L.P. | Medium-Term note due January 2029                
Fixed and variable rate debt                
Guarantor borrowing capacity       300,000,000        
Credit facilities                
Fixed and variable rate debt                
Principal outstanding       $ 202,300,000        
Cash Tender Offer | 3.75% Medium-Term Notes Due July 2024                
Fixed and variable rate debt                
Principal outstanding   $ 300,000,000.0            
Interest rate   3.75%            
Tendered value   $ 116,900,000            
Tendered percentage   39.00%            
Tender offer consideration per each $1,000   $ 1,101.92            
Make-whole amount   24,000,000.0            
Cash Tender Offer | United Dominion Realty L.P. | 3.75% Medium-Term Notes Due July 2024                
Fixed and variable rate debt                
Principal outstanding   $ 300,000,000.0            
Interest rate   3.75%            
Tendered value   $ 116,900,000            
Tendered percentage   39.00%            
Tender offer consideration per each $1,000   $ 1,101.92            
Make-whole amount   $ 24,000,000.0