XML 119 R103.htm IDEA: XBRL DOCUMENT v3.20.2
DEBT, NET (UNITED DOMINION REALTY, L.P.) - Additional Information (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Jul. 31, 2020
USD ($)
Feb. 29, 2020
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2019
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 $ 500,000,000.0        
Borrowings outstanding     2,900,000 2,900,000   $ 2,900,000    
Extinguishment of debt costs       35,495,000 $ 6,283,000      
Commercial Paper                
Fixed and variable rate debt                
Commercial paper program     $ 230,000,000 $ 230,000,000   $ 300,000,000    
Interest rate at the end of the period     0.30% 0.30%   2.00%    
Credit facilities | Fixed Rate Debt                
Fixed and variable rate debt                
Principal outstanding           $ 204,590,000    
Repayment of debt     $ 201,900,000          
Extinguishment of debt costs     9,000,000.0 $ 9,000,000.0        
Mortgages Note Payable                
Fixed and variable rate debt                
Repayment of debt     43,900,000          
Mortgages Note Payable | Fixed Rate Debt                
Fixed and variable rate debt                
Principal outstanding     892,291,000 892,291,000   884,869,000    
Extinguishment of debt costs     2,200,000 2,200,000        
Tax-exempt secured notes payable | Variable Rate Debt                
Fixed and variable rate debt                
Principal outstanding     27,000,000 27,000,000   27,000,000    
Term Loan due September 2023                
Fixed and variable rate debt                
Senior Notes     35,000,000 35,000,000   35,000,000    
Term Loan due September 2023 | Fixed Rate Debt                
Fixed and variable rate debt                
Senior Notes     315,000,000 315,000,000   315,000,000    
3.75% Medium-Term Notes Due July 2024                
Fixed and variable rate debt                
Senior Notes     182,867,000 182,867,000   299,530,000    
Extinguishment of debt costs     12,800,000 12,800,000        
2.10% Medium Term Note Due August 1, 2032                
Fixed and variable rate debt                
Interest rate 2.10%              
Senior Notes     399,583,000 399,583,000        
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     299,656,000 299,656,000   299,604,000    
2.95% Medium-Term Note due September 2026                
Fixed and variable rate debt                
Senior Notes     300,000,000 300,000,000   300,000,000    
3.50 Medium-Term Note due July 2027                
Fixed and variable rate debt                
Senior Notes     299,524,000 299,524,000   299,471,000    
3.50% Medium-Term Notes Due January 2028                
Fixed and variable rate debt                
Senior Notes     299,135,000 299,135,000   299,046,000    
3.20% Medium-Term Notes due January 2030                
Fixed and variable rate debt                
Interest rate   3.20%         3.20% 3.20%
Senior Notes   $ 600,000,000.0 612,756,000 612,756,000   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                
Debt     150,000,000.0 150,000,000.0        
United Dominion Realty L.P. | Financial Guarantee                
Fixed and variable rate debt                
Guarantor borrowing capacity     1,100,000,000 1,100,000,000        
United Dominion Realty L.P. | Unsecured Commercial Bank Credit Facility                
Fixed and variable rate debt                
Long-term commercial paper     500,000,000 500,000,000        
United Dominion Realty L.P. | Mortgages Note Payable                
Fixed and variable rate debt                
Principal outstanding     $ 72,500,000 $ 72,500,000        
Interest rate     3.10% 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   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 $ 27,000,000.0        
Interest rate at the end of the period     0.77% 0.77%        
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   27,000,000    
United Dominion Realty L.P. | Unsecured Commercial Paper                
Fixed and variable rate debt                
Borrowings outstanding     230,000,000.0 230,000,000.0   $ 300,000,000.0    
United Dominion Realty L.P. | Term Loan due September 2023                
Fixed and variable rate debt                
Guarantor borrowing capacity     350,000,000 350,000,000        
United Dominion Realty L.P. | 3.75% Medium-Term Notes Due July 2024                
Fixed and variable rate debt                
Guarantor borrowing capacity     183,000,000 183,000,000        
United Dominion Realty L.P. | 2.10% Medium Term Note Due August 1, 2032                
Fixed and variable rate debt                
Guarantor borrowing capacity     400,000,000 400,000,000        
United Dominion Realty L.P. | 4.00% Medium-Term Note due October 2025                
Fixed and variable rate debt                
Guarantor borrowing capacity     300,000,000 300,000,000        
United Dominion Realty L.P. | 2.95% Medium-Term Note due September 2026                
Fixed and variable rate debt                
Guarantor borrowing capacity     300,000,000 300,000,000        
United Dominion Realty L.P. | 3.50 Medium-Term Note due July 2027                
Fixed and variable rate debt                
Guarantor borrowing capacity     300,000,000 300,000,000        
United Dominion Realty L.P. | 3.50% Medium-Term Notes Due January 2028                
Fixed and variable rate debt                
Guarantor borrowing capacity     300,000,000 300,000,000        
United Dominion Realty L.P. | Medium-Term note due January 2029                
Fixed and variable rate debt                
Guarantor borrowing capacity     300,000,000 300,000,000        
United Dominion Realty L.P. | 3.20% Medium-Term Notes due January 2030                
Fixed and variable rate debt                
Guarantor borrowing capacity     600,000,000 600,000,000        
United Dominion Realty L.P. | Medium-Term Notes Due August 2031                
Fixed and variable rate debt                
Guarantor borrowing capacity     400,000,000 400,000,000        
United Dominion Realty L.P. | 3.10% senior unsecured notes due 2034                
Fixed and variable rate debt                
Guarantor borrowing capacity     $ 300,000,000 $ 300,000,000        
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