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v3.23.2

Debt - Narrative (Details) - USD ($) | 6 Months Ended |
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Commercial paper, maximum borrowing capacity | $ 500,000,000 |  |
Repayments of unsecured debt | 250,000,000 | $ 100,000,000 |
Net carrying value of apartment communities and improved land parcels securing debt | 19,061,578,000 |  | $ 18,992,807,000
Asset Pledged as Collateral | Notes Payable, Other Payables |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Net carrying value of apartment communities and improved land parcels securing debt | 1,166,698,000 |  |
Notes Payable 2.850 Maturities 2023 | Unsecured notes |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Repayments of unsecured debt | 250,000,000 |  |
Credit Facility |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Available borrowing capacity | $ 2,250,000,000 |  | $ 2,250,000,000
Annual facility fee, percentage | 0.125% |  |
Credit Facility | Minimum |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Annual facility fee, percentage | 0.10% |  |
Credit Facility | Maximum |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Annual facility fee, percentage | 0.30% |  |
Credit Facility | Secured Overnight Financing Rate (SOFR) |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Current interest rate (as a percent) | 5.92% |  |
Debt instrument, basis spread on variable rate (as a percent) | 0.825% |  |
Credit Facility | Secured Overnight Financing Rate (SOFR) | Minimum |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 0.65% |  |
Credit Facility | Secured Overnight Financing Rate (SOFR) | Maximum |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 1.40% |  |
Credit Facility | SOFR Adjustment |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 0.10% |  |
Credit Facility | SOFR Base Rate |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Debt instrument, basis spread on variable rate (as a percent) | 0.725% |  |

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