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Mortgage Notes Payable, Unsecured Notes and Credit Facility (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Summary of company's mortgage notes payable, unsecured notes, term loan and credit facility | The following amounts and discussion do not include the mortgage notes related to the communities classified as held for sale, if any, as of December 31, 2016 and 2015, as shown in the Consolidated Balance Sheets (dollars in thousands) (see Note 6, “Real Estate Disposition Activities”).
| 12/31/16 |  | 12/31/15
Fixed rate unsecured notes (1) | $ | 4,200,000 |  |  | $ | 3,575,000 |
Term Loan | 300,000 |  |  | 300,000 |
Fixed rate mortgage notes payable—conventional and tax-exempt (2) | 1,668,496 |  |  | 1,561,109 |
Variable rate mortgage notes payable—conventional and tax-exempt (2) | 908,262 |  |  | 1,045,182 |
Total mortgage notes payable and unsecured notes | 7,076,758 |  |  | 6,481,291 |
Credit Facility | — |  |  | — |
Total mortgage notes payable, unsecured notes and Credit Facility | $ | 7,076,758 |  |  | $ | 6,481,291 |
_________________________________
(1) | Balances at December 31, 2016 and 2015 exclude $8,930 and $7,601, respectively, of debt discount, and $27,768 and $21,725, respectively, of deferred financing costs, as reflected in unsecured notes, net on the accompanying Consolidated Balance Sheets.
(2) | Balances at December 31, 2016 and 2015 exclude $1,866 and $19,686, respectively, of debt premium, and $11,046 and $14,703, respectively, of deferred financing costs, as reflected in mortgage notes payable, net on the accompanying 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 December 31, 2016 are as follows (dollars in thousands):
Year | Secured notes payments |  | Secured notes maturities |  | Unsecured notes maturities |  | Stated interest rate of unsecured notes
2017 | $ | 18,539 |  |  | $ | 709,491 |  |  | $ | — |  |  | N/A |
2018 | 17,793 |  |  | 76,916 |  |  | — |  |  | N/A |
2019 | 4,696 |  |  | 655,386 |  |  | — |  |  | 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 | %
2026 | 4,859 |  |  | — |  |  | 475,000 |  |  | 2.950 | %
|  |  |  |  |  |  | 300,000 |  |  | 2.900 | %
Thereafter | 213,685 |  |  | 620,080 |  |  | 350,000 |  |  | 3.900 | %
| $ | 283,477 |  |  | $ | 2,293,281 |  |  | $ | 4,500,000 |  |  |  |

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