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Debt (Tables)
6 Months Ended
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").
 6/30/202212/31/2021
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 Loans8,064,003 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):
YearSecured notes
principal payments
Secured notes maturitiesUnsecured notes and Term Loan maturitiesStated interest rate of unsecured notes and Term Loan
2022$1,837 $— $— — 
20238,999 — 350,000 4.200 %
250,000 2.850 %
20249,837 — 300,000 3.500 %
150,000 
LIBOR + 0.85%
202510,478 — 525,000 3.450 %
300,000 3.500 %
202611,420 — 475,000 2.950 %
300,000 2.900 %
202713,765 236,100 400,000 3.350 %
202818,512 — 450,000 3.200 %
400,000 1.900 %
20299,462 66,250 450,000 3.300 %
203010,014 — 700,000 2.300 %
203110,669 — 600,000 2.450 %
Thereafter111,537 245,123 700,000 2.050 %
350,000 3.900 %
300,000 4.150 %
300,000 4.350 %
 $216,530 $547,473 $7,300,000