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v3.24.1.u1

Debt - Narrative (Details) - USD ($) | 1 Months Ended | 3 Months Ended |
--- | --- | --- | ---
Jul. 31, 2023 | Mar. 31, 2024 | Dec. 31, 2023
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Commercial paper, maximum borrowing capacity |  | $ 500,000,000 |
Net carrying value of apartment communities and improved land parcels securing debt |  | 19,372,787,000 | $ 19,342,871,000
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 |  | 1,271,040,000 |
Credit Facility |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Available borrowing capacity |  | $ 2,250,000,000 | $ 2,250,000,000
Annual facility fee, percentage |  | 0.12% |
Line of Credit Facility, Commitment Fee Percentage, Increase (Decrease) | 0.005% |  |
Credit Facility | Minimum |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Annual facility fee, percentage |  | 0.095% |
Credit Facility | Maximum |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Annual facility fee, percentage |  | 0.295% |
Credit Facility | Secured Overnight Financing Rate (SOFR) |  |  |
Notes Payable, Unsecured Notes and Credit Facility |  |  |
Current interest rate (as a percent) |  | 6.15% |
Debt instrument, basis spread on variable rate (as a percent) |  | 0.805% |
Debt Instrument, Basis Spread On Variable Rate, Increase (Decrease) | 0.02% |  |
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) |  | 0.63% |
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) |  | 1.38% |
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) |  | 0.705% |

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