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Mortgage Notes Payable, Unsecured Notes and Credit Facility (Tables) | 12 Months Ended
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Dec. 31, 2018
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, 2018 and 2017, as shown on the Consolidated Balance Sheets (dollars in thousands) (see Note 6, “Real Estate Disposition Activities”).
| 12/31/18 |  | 12/31/17
Fixed rate unsecured notes (1) | $ | 5,400,000 |  |  | $ | 5,350,000 |
Variable rate unsecured notes (1) | 300,000 |  |  | 300,000 |
Term Loans (1) | 250,000 |  |  | 250,000 |
Fixed rate mortgage notes payable—conventional and tax-exempt (2) | 533,215 |  |  | 593,987 |
Variable rate mortgage notes payable—conventional and tax-exempt (2) | 619,140 |  |  | 910,326 |
Total mortgage notes payable and unsecured notes and Term Loans | 7,102,355 |  |  | 7,404,313 |
Credit Facility | — |  |  | — |
Total mortgage notes payable, unsecured notes, Term Loans and Credit Facility | $ | 7,102,355 |  |  | $ | 7,404,313 |
_________________________________
(1) | Balances at December 31, 2018 and 2017 exclude $9,879 and $10,850, respectively, of debt discount, and $34,128 and $36,386, respectively, of deferred financing costs, as reflected in unsecured notes, net on the accompanying Consolidated Balance Sheets.
(2) | Balances at December 31, 2018 and 2017 exclude $14,590 and $16,351 of debt discount, respectively, and $3,495 and $11,256, 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 secured notes payable and unsecured notes outstanding at December 31, 2018 are as follows (dollars in thousands):
Year | Secured notes payments |  | Secured notes maturities |  | Unsecured notes maturities |  | Stated interest rate of unsecured notes
2019 | 3,824 |  |  | 114,722 |  |  | — |  |  | N/A |
2020 | 2,682 |  |  | 140,430 |  |  | 400,000 |  |  | 3.625 | %
2021 | 2,204 |  |  | 27,844 |  |  | 250,000 |  |  | 3.950 | %
|  |  |  |  | 300,000 |  |  | LIBOR + 0.43% |
2022 | 2,318 |  |  | — |  |  | 450,000 |  |  | 2.950 | %
|  |  |  |  | 100,000 |  |  | LIBOR + .90% |
2023 | 2,439 |  |  | — |  |  | 350,000 |  |  | 4.200 | %
|  |  |  |  | 250,000 |  |  | 2.850 | %
2024 | 2,577 |  |  | — |  |  | 300,000 |  |  | 3.500 | %
|  |  |  |  | 150,000 |  |  | LIBOR + 1.50% |
2025 | 2,708 |  |  | 84,835 |  |  | 525,000 |  |  | 3.450 | %
|  |  |  |  | 300,000 |  |  | 3.500 | %
2026 | 2,845 |  |  | — |  |  | 475,000 |  |  | 2.950 | %
|  |  |  |  | 300,000 |  |  | 2.900 | %
2027 | 2,270 |  |  | 185,100 |  |  | 400,000 |  |  | 3.350 | %
2028 | 912 |  |  | — |  |  | 450,000 |  |  | 3.200 | %
Thereafter | 30,296 |  |  | 544,349 |  |  | 350,000 |  |  | 3.900 | %
|  |  |  |  | 300,000 |  |  | 4.150 | %
|  |  |  |  | 300,000 |  |  | 4.350 | %
| $ | 55,075 |  |  | $ | 1,097,280 |  |  | $ | 5,950,000 |  |  |  |

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