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Notes Payable, Unsecured Notes and Credit Facility (Tables) | 6 Months Ended
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Jun. 30, 2014
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 June 30, 2014 and December 31, 2013, as shown in the Condensed Consolidated Balance Sheets (dollars in thousands) (see Note 7, “Real Estate Disposition Activities”).
| 6/30/2014 |  | 12/31/2013
Fixed rate unsecured notes (1) | $ | 2,450,000 |  |  | $ | 2,600,000 |
Term Loan | 250,000 |  |  | — |
Fixed rate mortgage notes payable - conventional and tax-exempt (2) | 2,408,940 |  |  | 2,418,389 |
Variable rate mortgage notes payable - conventional and tax-exempt | 1,048,569 |  |  | 1,011,609 |
Total notes payable and unsecured notes | 6,157,509 |  |  | 6,029,998 |
Credit Facility | — |  |  | — |
Total mortgage notes payable, unsecured notes and Credit Facility | $ | 6,157,509 |  |  | $ | 6,029,998 |
_____________________________________
(1) | Balances at June 30, 2014 and December 31, 2013 exclude $4,889 and $5,291 of debt discount, respectively, as reflected in unsecured notes, net on the Company’s Condensed Consolidated Balance Sheets.
(2) | Balances at June 30, 2014 and December 31, 2013 exclude $102,254 and $120,684 of debt premium, respectively, as reflected in mortgage notes payable on the Company’s Condensed Consolidated Balance Sheets.
Scheduled payments and maturities of mortgage notes payable and unsecured notes outstanding | Scheduled payments and maturities of mortgage notes payable and unsecured notes outstanding at June 30, 2014 are as follows (dollars in thousands):
Year |  | Secured notes payments |  | Secured notes maturities |  | Unsecured notes maturities |  | Stated interest rate of unsecured notes
2014 |  | $ | 9,130 |  |  | $ | — |  |  | $ | — |  |  | 5.375 | %
2015 |  | 17,871 |  |  | 586,703 |  |  | — |  |  | — |
2016 |  | 19,036 |  |  | 16,255 |  |  | 250,000 |  |  | 5.750 | %
2017 |  | 20,257 |  |  | 710,491 |  |  | 250,000 |  |  | 5.700 | %
2018 |  | 19,646 |  |  | 76,930 |  |  | — |  |  | — |
2019 |  | 7,145 |  |  | 658,475 |  |  | — |  |  | — |
2020 |  | 6,205 |  |  | 50,824 |  |  | 250,000 |  |  | 6.100 | %
|  |  |  |  |  |  |  | 400,000 |  |  | 3.625 | %
2021 |  | 5,985 |  |  | 27,844 |  |  | 250,000 |  |  | 3.950 | %
|  |  |  |  |  |  |  | 250,000 |  |  | LIBOR + 1.45% |
2022 |  | 6,352 |  |  | — |  |  | 450,000 |  |  | 2.950 | %
2023 |  | 6,596 |  |  | — |  |  | 350,000 |  |  | 4.200 | %
|  |  |  |  |  |  |  | 250,000 |  |  | 2.850 | %
Thereafter |  | 85,830 |  |  | 1,125,934 |  |  | — |  |  | — |
|  | $ | 204,053 |  |  | $ | 3,253,456 |  |  | $ | 2,700,000 |  |  |  |

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