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Mortgage Notes Payable, Unsecured Notes and Credit Facility (Tables) | 9 Months Ended
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Sep. 30, 2017
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 September 30, 2017 and December 31, 2016, as shown in the accompanying Condensed Consolidated Balance Sheets (dollars in thousands) (see Note 6, "Real Estate Disposition Activities").
| 9/30/2017 |  | 12/31/2016
Fixed rate unsecured notes (1) | $ | 4,900,000 |  |  | $ | 4,200,000 |
Term Loans (1) | 550,000 |  |  | 300,000 |
Fixed rate mortgage notes payable - conventional and tax-exempt (2) | 617,285 |  |  | 1,668,496 |
Variable rate mortgage notes payable - conventional and tax-exempt (2) | 889,158 |  |  | 908,262 |
Total mortgage notes payable, unsecured notes and Term Loans | 6,956,443 |  |  | 7,076,758 |
Credit Facility | 242,000 |  |  | — |
Total mortgage notes payable, unsecured notes, Term Loans and Credit Facility | $ | 7,198,443 |  |  | $ | 7,076,758 |
_____________________________________
(1) | Balances at September 30, 2017 and December 31, 2016 exclude $9,392 and $8,930, respectively, of debt discount, and $33,517 and $27,768, respectively, of deferred financing costs, as reflected in unsecured notes, net on the accompanying Condensed Consolidated Balance Sheets.
(2) | Balances at September 30, 2017 and December 31, 2016 exclude $16,280 of debt discount and $1,866 of debt premium, respectively, and $11,224 and $11,046, 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 secured notes payable and unsecured notes outstanding at September 30, 2017 are as follows (dollars in thousands):
Year |  | Secured notes payments |  | Secured notes maturities |  | Unsecured notes maturities |  | Stated interest rate of unsecured notes
2017 |  | 2,223 |  |  | 21,601 |  | (1) | — |  |  | N/A |
2018 |  | 7,258 |  |  | 76,667 |  |  | — |  |  | N/A |
2019 |  | 4,696 |  |  | 114,723 |  |  | — |  |  | 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 | %
|  |  |  |  |  | 100,000 |  |  | LIBOR + 0.90% |
2023 |  | 4,040 |  |  | — |  |  | 350,000 |  |  | 4.200 | %
|  |  |  |  |  |  |  | 250,000 |  |  | 2.850 | %
2024 |  | 4,310 |  |  | — |  |  | 300,000 |  |  | 3.500 | %
|  |  |  |  |  | 150,000 |  |  | LIBOR + 1.50% |
2025 |  | 4,585 |  |  | 84,835 |  |  | 525,000 |  |  | 3.450 | %
|  |  |  |  |  | 300,000 |  |  | 3.500 | %
2026 |  | 4,894 |  |  | — |  |  | 475,000 |  |  | 2.950 | %
|  |  |  |  |  | 300,000 |  |  | 2.900 | %
Thereafter |  | 213,751 |  |  | 805,317 |  |  | 350,000 |  |  | 3.900 | %
|  |  |  |  |  | 400,000 |  |  | 3.350 | %
|  |  |  |  |  | 300,000 |  |  | 4.150 | %
|  | $ | 256,727 |  |  | $ | 1,249,716 |  |  | $ | 5,450,000 |  |  |  |

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