RELATED PARTY TRANSACTIONS (UNITED DOMINION REALTY, L.P.) (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Notes payable due to General Partner

The following table summarizes the Operating Partnership’s Notes payable due to the General Partner as of September 30, 2020 and December 31, 2019 (dollars in thousands):


	Interest rate at		Balance Outstanding
	September 30,		September 30,		December 31,
	2020		2020		2019
Note due August 2021	5.34	%	$	5,500	$	5,500
Note due December 2023	5.18	%		83,196		83,196
Note due April 2026	4.12	%		184,638		184,638
Note due November 2028	4.69	%		133,205		133,205
Note due December 2028 (a)	3.01	%		259,064		230,694
Total notes payable due to the General Partner			$	665,603	$	637,233

(a)

There is no limit on the total commitments under this unsecured revolving note. Interest is incurred on the unpaid principal balance at a variable interest rate equivalent to the General Partner’s weighted average interest rate on borrowings, or 3.01% as of September 30, 2020. The note matures on December 1, 2028. To the extent there is an outstanding principal balance on the revolving note payable, the General Partner, at its discretion, can demand payment at any time prior to the stated maturity date of the note.