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Secured and Unsecured Debt (Tables) | 9 Months Ended
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Sep. 30, 2014
Debt Disclosure [Abstract] |
Secured debt instruments | The following is a summary of our secured and unsecured debt at September 30, 2014 and December 31, 2013 (dollars in thousands):
| Principal Outstanding |  | For the Nine Months Ended September 30, 2014
|  |  | Weighted Average Interest Rate |  | Weighted Average Years to Maturity |  | Number of Communities Encumbered
| September 30, 2014 |  | December 31, 2013 |  |  |
Secured Debt: |  |  |  |  |  |  |  |  |
Fixed Rate Debt |  |  |  |  |  |  |  |  |
Mortgage notes payable (a) | $ | 438,172 |  |  | $ | 445,706 |  |  | 5.47 | % |  | 1.8 |  |  | 8 |
Fannie Mae credit facilities (b) | 623,754 |  |  | 626,667 |  |  | 4.99 | % |  | 4.3 |  |  | 22 |
Total fixed rate secured debt | 1,061,926 |  |  | 1,072,373 |  |  | 5.19 | % |  | 3.2 |  |  | 30 |
Variable Rate Debt |  |  |  |  |  |  |  |  |
Mortgage notes payable | 31,337 |  |  | 63,595 |  |  | 1.94 | % |  | 2.3 |  |  | 1 |
Tax-exempt secured notes payable (c) | 94,700 |  |  | 94,700 |  |  | 0.77 | % |  | 8.4 |  |  | 2 |
Fannie Mae credit facilities (b) | 211,409 |  |  | 211,409 |  |  | 1.58 | % |  | 5.8 |  |  | 7 |
Total variable rate secured debt | 337,446 |  |  | 369,704 |  |  | 1.39 | % |  | 6.2 |  |  | 10 |
Total Secured Debt | 1,399,372 |  |  | 1,442,077 |  |  | 4.27 | % |  | 4.0 |  |  | 40 |
Unsecured Debt: |  |  |  |  |  |  |  |  |
Commercial Banks |  |  |  |  |  |  |  |  |
Borrowings outstanding under an unsecured credit facility due December 2017 (d) (f) | 160,000 |  |  | — |  |  | 1.10 | % |  | 3.2 |  |  |
Senior Unsecured Notes |  |  |  |  |  |  |  |  |
3.70% Medium-Term Notes due October 2020 (net of discounts of $48 and $54, respectively) (f) | 299,952 |  |  | 299,946 |  |  | 3.70 | % |  | 6.0 |  |  |
4.63% Medium-Term Notes due January 2022 (net of discounts of $2,613 and $2,882, respectively) (f) | 397,387 |  |  | 397,118 |  |  | 4.63 | % |  | 7.3 |  |  |
3.75% Medium-Term Notes due July 2024 (net of discount of $1,017) (e) (f) | 298,983 |  |  | — |  |  | 3.75 | % |  | 9.8 |  |  |
1.30% Term Notes due June 2018 (f) | 35,000 |  |  | 35,000 |  |  | 1.30 | % |  | 3.7 |  |  |
1.53% Term Notes due June 2018 (f) | 100,000 |  |  | 65,000 |  |  | 1.53 | % |  | 3.7 |  |  |
5.13% Medium-Term Notes due January 2014 | — |  |  | 184,000 |  |  | — | % |  | — |  |  |
5.50% Medium-Term Notes due April 2014 (net of discount of $20) | — |  |  | 128,480 |  |  | — | % |  | — |  |  |
5.25% Medium-Term Notes due January 2015 (net of discounts of $37 and $134, respectively) | 325,138 |  |  | 325,041 |  |  | 5.25 | % |  | 0.3 |  |  |
5.25% Medium-Term Notes due January 2016 | 83,260 |  |  | 83,260 |  |  | 5.25 | % |  | 1.3 |  |  |
2.17% Term Notes due June 2018 (f) | 215,000 |  |  | 250,000 |  |  | 2.17 | % |  | 3.7 |  |  |
8.50% Debentures due September 2024 | 15,644 |  |  | 15,644 |  |  | 8.50 | % |  | 10.0 |  |  |
4.25% Medium-Term Notes due June 2018 (net of discounts of $1,572 and $1,893, respectively) (f) | 298,428 |  |  | 298,107 |  |  | 4.25 | % |  | 3.7 |  |  |
Other | 28 |  |  | 30 |  |  | N/A |  |  | N/A |  |  |
Total Unsecured Debt | 2,228,820 |  |  | 2,081,626 |  |  | 3.80 | % |  | 4.9 |  |  |
Total Debt | $ | 3,628,192 |  |  | $ | 3,523,703 |  |  | 3.98 | % |  | 4.5 |  |  |
Secured credit facilities | Further information related to these credit facilities is as follows (dollars in thousands):
| September 30, 2014 |  | December 31, 2013
Borrowings outstanding | $ | 835,163 |  |  | $ | 838,076 |
Weighted average borrowings during the period ended | 836,305 |  |  | 839,597 |
Maximum daily borrowings during the period ended | 837,564 |  |  | 841,494 |
Weighted average interest rate during the period ended | 4.1 | % |  | 4.2 | %
Weighted average interest rate at the end of the period | 4.1 | % |  | 4.1 | %
Summary of short-term bank borrowings under bank credit facility | The following is a summary of short-term bank borrowings under UDR’s bank credit facility at September 30, 2014 and December 31, 2013 (dollars in thousands):
| September 30, 2014 |  | December 31, 2013
Total revolving credit facility | $ | 900,000 |  |  | $ | 900,000 |
Borrowings outstanding at end of period (1) | 160,000 |  |  | — |
Weighted average daily borrowings during the period ended | 321,821 |  |  | 169,844 |
Maximum daily borrowings during the period ended | 625,000 |  |  | 372,000 |
Weighted average interest rate during the period ended | 1.2 | % |  | 1.2 | %
Interest rate at end of the period | 1.1 | % |  | 1.3 | %
(1) Excludes $2.2 million of letters of credit at September 30, 2014 and December 31, 2013. (e) On June 26, 2014, the Company issued $300 million of 3.750% senior unsecured medium-term notes due July 1, 2024. Interest is payable semi-annually beginning on January 1, 2015. The notes were priced at 99.652% of the principal amount at issuance and had a discount of $1.0 million at September 30, 2014. The Company used the net proceeds to pay down borrowings outstanding on our $900 million unsecured credit facility and for general corporate purposes. The notes are fully and unconditionally guaranteed by the Operating Partnership. (f) The Operating Partnership is a guarantor at September 30, 2014 and December 31, 2013.
Schedule of Maturities of Long-term Debt [Table Text Block] | The aggregate maturities, including amortizing principal payments of unsecured and secured debt, of total debt for the next five calendar years subsequent to September 30, 2014 are as follows (dollars in thousands):
Year |  | Total Fixed Secured Debt |  | Total Variable Secured Debt |  | Total Secured Debt |  | Total Unsecured Debt (a) |  | Total Debt
2014 |  | $ | 37,835 |  |  | $ | — |  |  | $ | 37,835 |  |  | $ | — |  |  | $ | 37,835 |
2015 |  | 197,359 |  |  | — |  |  | 197,359 |  |  | 323,874 |  |  | 521,233 |
2016 |  | 136,434 |  |  | 31,337 |  |  | 167,771 |  |  | 82,417 |  |  | 250,188 |
2017 |  | 177,955 |  |  | 65,000 |  |  | 242,955 |  |  | 160,000 |  |  | 402,955 |
2018 |  | 176,472 |  |  | 50,000 |  |  | 226,472 |  |  | 648,510 |  |  | 874,982 |
Thereafter |  | 335,871 |  |  | 191,109 |  |  | 526,980 |  |  | 1,014,019 |  |  | 1,540,999 |
Total |  | $ | 1,061,926 |  |  | $ | 337,446 |  |  | $ | 1,399,372 |  |  | $ | 2,228,820 |  |  | $ | 3,628,192 |
(a) With the exception of the 1.30% Term Notes due June 2018 and the revolving credit facility which carry a variable interest rate, all unsecured debt carries fixed interest rates.

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- Definition Tabular disclosure of short-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of draw downs on the line. + References No definition available. + Details
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
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