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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2012
Fair Value  
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, 2012, excluding derivatives executed to hedge debt on communities classified as held for sale (dollars in thousands):

 
   Non-designated
Hedges		   Cash Flow
Hedges		   Cash Flow
Hedges		  
 
   Interest
Rate Caps		   Interest
Rate Caps		   Interest
Rate Swaps		  

Notional balance

   $ 39,347   $ 179,851   $ 215,000  

Weighted average interest rate(1)

     1.1 %   2.4 %   4.6 %

Weighted average capped interest rate

     7.4 %   5.3 %   N/A  

Earliest maturity date

     Mar-14     Jul-13     May-13  

Latest maturity date

     Sep-17     Jun-15     May-13  
(1)
For interest rate caps, this represents the weighted average interest rate on the debt.
Schedule of summary of classification between the three levels of the fair value hierarchy of the Company's financial instruments measured and /or disclosed 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 and/or 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)		  
 
   12-31-2012  

Interest Rate Caps

   $ 19   $ —   $ 19   $ —  

Interest Rate Swaps

     (53,484 )   —     (53,484 )   —  

Put

     (5,574 )   —     —     (5,574 )

DownREIT units

     (1,017 )   (1,017 )   —     —  

Indebtedness

     (4,077,397 )   (2,102,927 )   (1,974,470 )   —  
                   

Total

   $ (4,137,453 ) $ (2,103,944 ) $ (2,027,935 ) $ (5,574 )
                   

 

  

    12-31-2011  

  

Interest Rate Caps

   $ 114     —     114     —  

Interest Rate Swaps

     (85,456 )   —     (85,456 )   —  

Put

     (5,648 )   —     —     (5,648 )

DownREIT units

     (980 )   (980 )   —     —  

Indebtedness

     (3,838,360 )   (1,761,823 )   (2,076,537 )   —  
                   

Total

   $ (3,930,330 )   (1,762,803 )   (2,161,879 )   (5,648 )