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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of summary of consolidated hedging derivatives, excluding derivatives executed to hedge debt on communities classified as held for sale
The following table summarizes the consolidated Hedging Derivatives at December 31, 2014, excluding derivatives executed to hedge debt on communities classified as held for sale (dollars in thousands):
 
 
Non-designated
Hedges
 
Cash Flow
Hedges
Notional balance
 
$
605,515

 
$
170,909

Weighted average interest rate (1)
 
1.7
%
 
2.5
%
Weighted average capped interest rate
 
6.0
%
 
5.1
%
Earliest maturity date
 
February 2016

 
April 2015

Latest maturity date
 
August 2018

 
April 2019

_________________________________
(1)
Represents the weighted average interest rate on the hedged debt.
Schedule of summary of classification between the three levels of the fair value hierarchy of the Company's financial instruments measured at fair value on a recurring basis
The following table summarizes the classification between the three levels of the fair value hierarchy of the Company's financial instruments measured/disclosed at fair value on a recurring basis (dollars in thousands):
Description
Total Fair
Value
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
12/31/2014
Non Designated Hedges
 
 
 
 
 
 
 
  Interest Rate Caps
$
50

 
$
—

 
$
50

 
$
—

Cash Flow Hedges
 
 
 
 
 
 
 
  Interest Rate Caps
58

 
—

 
58

 
—

Put(s)
(11,104
)
 
—

 
—

 
(11,104
)
DownREIT units
(1,226
)
 
(1,226
)
 
—

 
—

Indebtedness
(6,558,022
)
 
(2,874,147
)
 
(3,683,875
)
 
—

Total
$
(6,570,244
)
 
$
(2,875,373
)
 
$
(3,683,767
)
 
$
(11,104
)
 
 
 
 
 
 
 
 
 
12/31/2013
Non Designated Hedges
 
 
 
 


 
 
  Interest Rate Caps
$
106

 
$
—

 
$
106

 
$
—

Put(s)
(15,998
)
 
—

 
—

 
(15,998
)
DownREIT units
(887
)
 
(887
)
 
—

 
—

Indebtedness
(6,294,848
)
 
(2,657,143
)
 
(3,637,705
)
 
—

Total
$
(6,311,627
)
 
$
(2,658,030
)
 
$
(3,637,599
)
 
$
(15,998
)