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Mortgage Notes Payable, Unsecured Notes and Credit Facility (Tables)
3 Months Ended
Mar. 31, 2021
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 March 31, 2021 and December 31, 2020, as shown in the accompanying Condensed Consolidated Balance Sheets (dollars in thousands) (see Note 6, "Real Estate Disposition Activities").
 3/31/202112/31/2020
Fixed rate unsecured notes (1)$6,500,000 $6,500,000 
Term Loans (1)250,000 250,000 
Fixed rate mortgage notes payable - conventional and tax-exempt (2)380,576 408,964 
Variable rate mortgage notes payable - conventional and tax-exempt (2)470,750 470,850 
Total mortgage notes payable and unsecured notes and Term Loans7,601,326 7,629,814 
Credit Facility— — 
Total mortgage notes payable, unsecured notes, Term Loans and Credit Facility$7,601,326 $7,629,814 
_____________________________________
(1)Balances at March 31, 2021 and December 31, 2020 exclude $9,978 and $10,380, respectively, of debt discount, and $36,263 and $37,615, respectively, of deferred financing costs, as reflected in unsecured notes, net on the accompanying Condensed Consolidated Balance Sheets.
(2)Balances at March 31, 2021 and December 31, 2020 exclude $14,361 and $14,478, respectively, of debt discount, and $2,940 and $3,004, respectively, of deferred financing costs, as reflected in mortgage notes payable, net 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 March 31, 2021 are as follows (dollars in thousands):
YearSecured notes
principal payments
Secured notes maturitiesUnsecured notes and Term Loans maturitiesStated interest rate of unsecured notes and Term Loans
2021$8,660 $— $— N/A
20229,918 — 450,000 2.950 %
100,000 
LIBOR + 0.90%
202310,739 — 350,000 4.200 %
250,000 2.850 %
202411,677 — 300,000 3.500 %
150,000 
LIBOR + 0.85%
202512,408 — 525,000 3.450 %
300,000 3.500 %
202613,445 — 475,000 2.950 %
300,000 2.900 %
202715,880 236,100 400,000 3.350 %
202820,707 — 450,000 3.200 %
202911,742 66,250 450,000 3.300 %
203012,384 — 700,000 2.300 %
Thereafter176,078 245,338 600,000 2.450 %
350,000 3.900 %
300,000 4.150 %
300,000 4.350 %
 $303,638 $547,688 $6,750,000