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Mortgage Notes Payable, Unsecured Notes and Credit Facility (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019 and December 31, 2018, as shown in the accompanying Condensed Consolidated Balance Sheets (dollars in thousands) (see Note 6, "Real Estate Disposition Activities").

	6/30/2019				12/31/2018
Fixed rate unsecured notes (1)	$	5,850,000			$	5,400,000
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)	517,039				533,215
Variable rate mortgage notes payable - conventional and tax-exempt (2)	497,850				619,140
Total mortgage notes payable, unsecured notes and Term Loans	7,414,889				7,102,355
Credit Facility	—				—
Total mortgage notes payable, unsecured notes, Term Loans and Credit Facility	$	7,414,889			$	7,102,355

_____________________________________

(1) Balances at June 30, 2019 and December 31, 2018 exclude $9,346 and $9,879, respectively, of debt discount, and $35,522 and $34,128, respectively, of deferred financing costs, as reflected in unsecured notes, net on the accompanying Condensed Consolidated Balance Sheets.

(2)

Balances at June 30, 2019 and December 31, 2018 exclude $14,530 and $14,590, respectively, of debt discount, and $3,274 and $3,495, 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 June 30, 2019 are as follows (dollars in thousands):

Year		Secured notes principal payments				Secured notes maturities				Unsecured notes and Term Loans maturities				Stated interest rate of unsecured notes and Term Loans
2019		1,931				66,285				—				N/A
2020		8,782				140,429				400,000				3.625	%
2021		9,304				27,844				250,000				3.950	%
										300,000				LIBOR + 0.43%
2022		9,918				—				450,000				2.950	%
										100,000				LIBOR + 0.90%
2023		10,739				—				350,000				4.200	%
										250,000				2.850	%
2024		11,577				—				300,000				3.500	%
										150,000				LIBOR + 0.85%
2025		12,508				—				525,000				3.450	%
										300,000				3.500	%
2026		13,545				—				475,000				2.950	%
										300,000				2.900	%
2027		13,575				186,505				400,000				3.350	%
2028		20,607				—				450,000				3.200	%
Thereafter		200,904				280,436				350,000				3.900	%
										300,000				4.150	%
										300,000				4.350	%
										450,000				3.300	%
		$	313,390			$	701,499			$	6,400,000

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