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Mortgage Notes Payable, Unsecured Notes and Credit Facility (Tables) | 6 Months Ended
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Jun. 30, 2016
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, 2016 and December 31, 2015, as shown in the accompanying Condensed Consolidated Balance Sheets (dollars in thousands) (see Note 6, “Real Estate Disposition Activities”).
| 6/30/2016 |  | 12/31/2015
Fixed rate unsecured notes (1) | $ | 4,050,000 |  |  | $ | 3,575,000 |
Term Loan | 300,000 |  |  | 300,000 |
Fixed rate mortgage notes payable - conventional and tax-exempt (2) | 1,605,764 |  |  | 1,561,109 |
Variable rate mortgage notes payable - conventional and tax-exempt (2) | 909,221 |  |  | 1,045,182 |
Total mortgage notes payable and unsecured notes | 6,864,985 |  |  | 6,481,291 |
Credit Facility | — |  |  | — |
Total mortgage notes payable, unsecured notes and Credit Facility | $ | 6,864,985 |  |  | $ | 6,481,291 |
_____________________________________
(1) | Balances at June 30, 2016 and December 31, 2015 exclude $7,178 and $7,601, respectively, of debt discount, and $23,657 and $21,725, respectively, of deferred financing costs, as reflected in unsecured notes, net on the accompanying Condensed Consolidated Balance Sheets.
(2) | Balances at June 30, 2016 and December 31, 2015 exclude $11,701 and $19,686, respectively, of debt premium, and $11,860 and $14,703, 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 mortgage notes payable and unsecured notes outstanding at June 30, 2016 are as follows (dollars in thousands):
Year |  | Secured notes payments |  | Secured notes maturities |  | Unsecured notes maturities |  | Stated interest rate of unsecured notes
2016 |  | $ | 8,191 |  |  | $ | — |  |  | $ | 250,000 |  |  | 5.750 | %
2017 |  | 17,166 |  |  | 709,691 |  |  | 250,000 |  |  | 5.700 | %
2018 |  | 16,236 |  |  | 76,670 |  |  | — |  |  | N/A |
2019 |  | 4,696 |  |  | 588,429 |  |  | — |  |  | N/A |
2020 |  | 3,624 |  |  | 118,729 |  |  | 250,000 |  |  | 6.100 | %
|  |  |  |  |  |  |  | 400,000 |  |  | 3.625 | %
2021 |  | 3,551 |  |  | 27,844 |  |  | 250,000 |  |  | 3.950 | %
|  |  |  |  |  |  |  | 300,000 |  |  | LIBOR + 1.450% |
2022 |  | 3,795 |  |  | — |  |  | 450,000 |  |  | 2.950 | %
2023 |  | 4,040 |  |  | — |  |  | 350,000 |  |  | 4.200 | %
|  |  |  |  |  |  |  | 250,000 |  |  | 2.850 | %
2024 |  | 4,310 |  |  | — |  |  | 300,000 |  |  | 3.500 | %
2025 |  | 4,585 |  |  | 84,835 |  |  | 525,000 |  |  | 3.450 | %
|  |  |  |  |  | 300,000 |  |  | 3.500 | %
Thereafter |  | 218,644 |  |  | 619,949 |  |  | 475,000 |  |  | 2.950 | %
|  | $ | 288,838 |  |  | $ | 2,226,147 |  |  | $ | 4,350,000 |  |  |  |

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