Fair Value (Tables)

12 Months Ended

Dec. 31, 2017

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 derivative positions at December 31, 2017 (dollars in thousands):

	Non-designated Hedges Interest Rate Caps			Cash Flow Hedges Interest Rate Caps			Cash Flow Hedges Interest Rate Swaps
Notional balance	$	689,059		$	35,039		$	300,000
Weighted average interest rate (1)	3.3		%	3.5		%	N/A
Weighted average swapped/capped interest rate	6.5		%	5.9		%	2.4		%
Earliest maturity date	August 2018			April 2019			May 2018
Latest maturity date	September 2022			April 2019			May 2018

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(1) For interest rate caps, represents the weighted average interest rate on the hedged debt.

Summary of deferred losses reclassified from AOCI

The following table summarizes the deferred losses reclassified from accumulated other comprehensive income as a component of interest expense, net (dollars in thousands):

	For the year ended
	12/31/17		12/31/16		12/31/15
Cash flow hedge losses reclassified to earnings	$	7,070	$	6,433	$	5,774

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)
	12/31/2017
Non Designated Hedges
Interest Rate Caps	$	2		$	—		$	2		$	—
Cash Flow Hedges
Interest Rate Swaps - Assets	2,270			—			2,270			—
Interest Rate Swaps - Liabilities	(1,171		)	—			(1,171		)	—
Puts	(3,245		)	—			—			(3,245		)
DownREIT units	(1,338		)	(1,338		)	—			—
Indebtedness
Unsecured notes	(5,446,604		)	(5,446,604		)	—			—
Secured notes payable and unsecured term loans	(1,849,851		)	—			(1,849,851		)	—
Total	$	(7,299,937	)	$	(5,447,942	)	$	(1,848,750	)	$	(3,245	)
	12/31/2016
Non Designated Hedges
Interest Rate Caps	$	79		$	—		$	79		$	—
Cash Flow Hedges
Interest Rate Caps	2			—			2			—
Interest Rate Swaps	14,775			—			14,775			—
Puts	(6,002		)	—			—			(6,002		)
DownREIT units	(1,329		)	(1,329		)	—			—
Indebtedness
Unsecured notes	(4,218,627		)	(4,218,627		)	—			—
Secured notes payable and unsecured term loans	(2,744,462		)	—			(2,744,462		)	—
Total	$	(6,955,564	)	$	(4,219,956	)	$	(2,729,606	)	$	(6,002	)