XML 57 R48.htm IDEA: XBRL DOCUMENT v3.23.1
Fair Value - Classification Between the Three Levels of the Fair Value Hierarchy (Details) - Recurring basis - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Estimate of Fair Value Measurement    
Financial Instruments Measured/Discussed at Fair Value    
Equity Securities $ 27,027 $ 27,027
Notes Receivable, net 44,593 28,860
Total Assets 72,157 56,342
DownREIT units 1,261 1,211
Total Liabilities 7,315,330 7,423,876
Unsecured notes | Estimate of Fair Value Measurement    
Financial Instruments Measured/Discussed at Fair Value    
Indebtedness 6,535,913 6,653,681
Secured Debt, Commercial Paper Program and Variable Rate Unsecured Indebtedness | Estimate of Fair Value Measurement    
Financial Instruments Measured/Discussed at Fair Value    
Indebtedness 777,506 768,984
Interest Rate Cap [Member] | Not Designated as Hedging Instrument | Estimate of Fair Value Measurement    
Financial Instruments Measured/Discussed at Fair Value    
Derivative assets 227 455
Interest Rate Swap [Member] | Cash Flow Hedges | Estimate of Fair Value Measurement    
Financial Instruments Measured/Discussed at Fair Value    
Derivative assets 310  
Derivative liability 650  
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial Instruments Measured/Discussed at Fair Value    
Total Assets 0 0
DownREIT units 1,261 1,211
Total Liabilities 6,537,174 6,654,892
Quoted Prices in Active Markets for Identical Assets (Level 1) | Unsecured notes    
Financial Instruments Measured/Discussed at Fair Value    
Indebtedness 6,535,913 6,653,681
Significant Other Observable Inputs (Level 2)    
Financial Instruments Measured/Discussed at Fair Value    
Equity Securities 27,027 27,027
Notes Receivable, net 44,593 28,860
Total Assets 72,157 56,342
Total Liabilities 778,156 768,984
Significant Other Observable Inputs (Level 2) | Secured Debt, Commercial Paper Program and Variable Rate Unsecured Indebtedness    
Financial Instruments Measured/Discussed at Fair Value    
Indebtedness 777,506 768,984
Significant Other Observable Inputs (Level 2) | Interest Rate Cap [Member] | Not Designated as Hedging Instrument    
Financial Instruments Measured/Discussed at Fair Value    
Derivative assets 227 455
Significant Other Observable Inputs (Level 2) | Interest Rate Swap [Member] | Cash Flow Hedges    
Financial Instruments Measured/Discussed at Fair Value    
Derivative assets 310  
Derivative liability 650  
Significant Unobservable Inputs (Level 3)    
Financial Instruments Measured/Discussed at Fair Value    
Total Assets 0 0
Total Liabilities $ 0 $ 0