Mortgage Notes Payable, Unsecured Notes and Credit Facility (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Summary of company's mortgage notes payable, unsecured notes and Credit Facility excluding mortgage notes secured by communities classified as held for sale

The following amounts and discussion do not include the mortgage notes related to the communities classified as held for sale, if any, as of September 30, 2018 and December 31, 2017, as shown in the accompanying Condensed Consolidated Balance Sheets (dollars in thousands) (see Note 6, "Real Estate Disposition Activities").

	9/30/2018		12/31/2017
Fixed rate unsecured notes (1)	$	5,650,000	$	5,350,000
Variable rate unsecured notes (1)	300,000		300,000
Term Loans (1)	250,000		250,000
Fixed rate mortgage notes payable - conventional and tax-exempt (2)	534,629		593,987
Variable rate mortgage notes payable - conventional and tax-exempt (2)	813,163		910,326
Total mortgage notes payable, unsecured notes and Term Loans	7,547,792		7,404,313
Credit Facility	56,000		—
Total mortgage notes payable, unsecured notes, Term Loans and Credit Facility	$	7,603,792	$	7,404,313

_____________________________________

(1) Balances at September 30, 2018 and December 31, 2017 exclude $10,293 and $10,850, respectively, of debt discount, and $35,762 and $36,386, respectively, of deferred financing costs, as reflected in unsecured notes, net on the accompanying Condensed Consolidated Balance Sheets.

(2) Balances at September 30, 2018 and December 31, 2017 exclude $14,618 and $16,351, respectively, of debt discount, and $9,891 and $11,256, respectively, of deferred financing costs, as reflected in mortgage notes payable on the accompanying Condensed Consolidated Balance Sheets.

Scheduled payments and maturities of mortgage notes payable and unsecured notes outstanding

Scheduled payments and maturities of secured notes payable and unsecured notes outstanding at September 30, 2018 are as follows (dollars in thousands):

Year	Secured notes payments		Secured notes maturities		Unsecured notes maturities		Stated interest rate of unsecured notes
2018	1,638		—		—		N/A
2019	3,824		114,722		—		N/A
2020	2,682		140,430		250,000		6.100	%
					400,000		3.625	%
2021	2,549		27,844		250,000		3.950	%
					300,000		LIBOR + 0.43%
2022	2,723		—		450,000		2.950	%
					100,000		LIBOR + .90%
2023	2,899		—		350,000		4.200	%
					250,000		2.850	%
2024	3,077		—		300,000		3.500	%
					150,000		LIBOR + 1.50%
2025	3,268		84,835		525,000		3.450	%
					300,000		3.500	%
2026	3,485		—		475,000		2.950	%
					300,000		2.900	%
2027	2,974		185,100		400,000		3.350	%
Thereafter	127,593		638,149		350,000		3.900	%
					300,000		4.150	%
					450,000		3.200	%
					300,000		4.350	%
	$	156,712	$	1,191,080	$	6,200,000