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Debt (Tables) | 6 Months Ended
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Jun. 30, 2022
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, 2022 and December 31, 2021, as shown in the accompanying Condensed Consolidated Balance Sheets (dollars in thousands) (see Note 6, "Real Estate Disposition Activities").
| 6/30/2022 |  | 12/31/2021
Fixed rate unsecured notes (1) | $ | 7,150,000 |  |  | $ | 7,150,000 |
Term Loans (1) | 150,000 |  |  | 250,000 |
Fixed rate mortgage notes payable - conventional and tax-exempt (2) | 305,953 |  |  | 306,281 |
Variable rate mortgage notes payable - conventional and tax-exempt (2) | 458,050 |  |  | 464,150 |
Total mortgage notes payable and unsecured notes and Term Loans | 8,064,003 |  |  | 8,170,431 |
Credit Facility | — |  |  | — |
Commercial paper | — |  |  | — |
Total | $ | 8,064,003 |  |  | $ | 8,170,431 |
_____________________________________ (1)Balances at June 30, 2022 and December 31, 2021 exclude $9,201 and $10,033, respectively, of debt discount, and $38,014 and $40,573, respectively, of deferred financing costs, as reflected in unsecured notes, net on the accompanying Condensed Consolidated Balance Sheets. (2)Balances at June 30, 2022 and December 31, 2021 exclude $12,973 and $13,528, respectively, of debt discount, and $2,622 and $2,750, 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 | In addition to the Commercial Paper Program, scheduled payments and maturities of secured notes payable and unsecured notes outstanding at June 30, 2022 were as follows (dollars in thousands):
Year |  | Secured notes principal payments |  | Secured notes maturities |  | Unsecured notes and Term Loan maturities |  | Stated interest rate of unsecured notes and Term Loan
2022 |  | $ | 1,837 |  |  | $ | — |  |  | $ | — |  |  | — |
2023 |  | 8,999 |  |  | — |  |  | 350,000 |  |  | 4.200 | %
|  |  |  |  |  | 250,000 |  |  | 2.850 | %
2024 |  | 9,837 |  |  | — |  |  | 300,000 |  |  | 3.500 | %
|  |  |  |  |  | 150,000 |  |  | LIBOR + 0.85%
2025 |  | 10,478 |  |  | — |  |  | 525,000 |  |  | 3.450 | %
|  |  |  |  |  | 300,000 |  |  | 3.500 | %
2026 |  | 11,420 |  |  | — |  |  | 475,000 |  |  | 2.950 | %
|  |  |  |  |  | 300,000 |  |  | 2.900 | %
2027 |  | 13,765 |  |  | 236,100 |  |  | 400,000 |  |  | 3.350 | %
2028 |  | 18,512 |  |  | — |  |  | 450,000 |  |  | 3.200 | %
|  |  |  |  |  | 400,000 |  |  | 1.900 | %
2029 |  | 9,462 |  |  | 66,250 |  |  | 450,000 |  |  | 3.300 | %
2030 |  | 10,014 |  |  | — |  |  | 700,000 |  |  | 2.300 | %
2031 |  | 10,669 |  |  | — |  |  | 600,000 |  |  | 2.450 | %
Thereafter |  | 111,537 |  |  | 245,123 |  |  | 700,000 |  |  | 2.050 | %
|  |  |  |  |  | 350,000 |  |  | 3.900 | %
|  |  |  |  |  | 300,000 |  |  | 4.150 | %
|  |  |  |  |  | 300,000 |  |  | 4.350 | %
|  | $ | 216,530 |  |  | $ | 547,473 |  |  | $ | 7,300,000 |  |  |

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