XML 25 R46.htm IDEA: XBRL DOCUMENT v3.2.0.727

Debt (UNITED DOMINION REALTY, L.P.) (Tables)

6 Months Ended

Jun. 30, 2015

Entity Information [Line Items]

Secured debt instruments

The following is a summary of our secured and unsecured debt at June 30, 2015 and December 31, 2014 (dollars in thousands):

									Six Months Ended
	Principal Outstanding								June 30, 2015
	June 30, 2015				December 31, 2014				Weighted Average Interest Rate			Weighted Average Years to Maturity			Number of Communities Encumbered
Secured Debt:
Fixed Rate Debt
Mortgage notes payable (a)	$	408,736			$	401,210			5.50	%		1.1			7
Fannie Mae credit facilities (b)	566,288				568,086				5.12	%		3.5			21
Total fixed rate secured debt	975,024				969,296				5.28	%		2.5			28
Variable Rate Debt
Mortgage notes payable	31,337				31,337				1.94	%		1.6			1
Tax-exempt secured notes payable (c)	94,700				94,700				0.84	%		7.7			2
Fannie Mae credit facilities (b)	249,378				266,196				1.63	%		4.8			7
Total variable rate secured debt	375,415				392,233				1.45	%		5.3			10
Total Secured Debt	1,350,439				1,361,529				4.22	%		3.3			38
Unsecured Debt:
Commercial Banks
Borrowings outstanding under an unsecured credit facility due December 2017 (d) (f)	457,000				152,500				1.12	%		2.4
Senior Unsecured Notes
5.25% Medium-Term Notes due January 2015 (net of discounts of $0 and $6, respectively) (e)	—				325,169				—	%		—
5.25% Medium-Term Notes due January 2016	83,260				83,260				5.25	%		0.5
6.21% Term Notes due July 2016	12,609				—				6.21	%		1.0
4.25% Medium-Term Notes due June 2018 (net of discounts of $1,251 and $1,465, respectively) (f)	298,749				298,535				4.25	%		2.9
1.70% Term Notes due June 2018 (f)	215,000				215,000				1.70	%		2.9
1.53% Term Notes due June 2018 (f)	100,000				100,000				1.53	%		2.9
1.33% Term Notes due June 2018 (f)	35,000				35,000				1.33	%		2.9
3.70% Medium-Term Notes due October 2020 (net of discounts of $42 and $46, respectively) (f)	299,958				299,954				3.70	%		5.3
4.63% Medium-Term Notes due January 2022 (net of discounts of $2,344 and $2,523, respectively) (f)	397,656				397,477				4.63	%		6.5
3.75% Medium-Term Notes due July 2024 (net of discount of $938 and $990, respectively) (f)	299,062				299,010				3.75	%		9.0
8.50% Debentures due September 2024	15,644				15,644				8.50	%		9.2
Other	26				27				N/A			N/A
Total Unsecured Debt	2,213,964				2,221,576				3.20	%		4.6
Total Debt	$	3,564,403			$	3,583,105			3.58	%		4.1

Secured credit facilities

Further information related to these credit facilities is as follows (dollars in thousands):

	June 30, 2015				December 31, 2014
Borrowings outstanding	$	815,666			$	834,282
Weighted average borrowings during the period ended	830,434				835,873
Maximum daily borrowings during the period ended	834,003				837,564
Weighted average interest rate during the period ended	4.0		%		4.1		%
Weighted average interest rate at the end of the period	4.1		%		4.0		%

Aggregate maturities of secured debt

The aggregate maturities, including amortizing principal payments of unsecured and secured debt, of total debt for the next five calendar years subsequent to June 30, 2015 are as follows (dollars in thousands):

Year		Total Fixed Secured Debt				Total Variable Secured Debt				Total Secured Debt				Total Unsecured Debt (a)				Total Debt
2015		$	191,363			$	—			$	191,363			$	79			$	191,442
2016		148,223				—				148,223				94,469				242,692
2017		177,882				96,337				274,219				457,000				731,219
2018		121,685				87,969				209,654				648,445				858,099
2019		245,871				67,700				313,571				—				313,571
Thereafter		90,000				123,409				213,409				1,013,971				1,227,380
Total		$	975,024			$	375,415			$	1,350,439			$	2,213,964			$	3,564,403

United Dominion Reality L.P. [Member]

Entity Information [Line Items]

Secured debt instruments

Secured debt consists of the following as of June 30, 2015 and December 31, 2014 (dollars in thousands):

									Six Months Ended
	Principal Outstanding								June 30, 2015
	June 30, 2015				December 31, 2014				Weighted Average Interest Rate			Weighted Average Years to Maturity		Number of Communities Encumbered
Fixed Rate Debt
Mortgage notes payable	$	374,056			$	378,371			5.49	%		1.1		5
Fannie Mae credit facilities	334,002				333,828				4.90	%		4.1		9
Total fixed rate secured debt	708,058				712,199				5.21	%		2.5		14
Variable Rate Debt
Tax-exempt secured note payable	27,000				27,000				0.85	%		16.7		1
Fannie Mae credit facilities	177,509				192,760				1.88	%		5.7		5
Total variable rate secured debt	204,509				219,760				1.74	%		7.1		6
Total Secured Debt	$	912,567			$	931,959			4.43	%		3.5		20

Secured credit facilities

The following information relates to the credit facilities allocated to the Operating Partnership (dollars in thousands):

	June 30, 2015				December 31, 2014
Borrowings outstanding	$	511,511			$	526,588
Weighted average borrowings during the period ended	520,773				527,592
Maximum daily borrowings during the period	523,011				528,659
Weighted average interest rate during the period ended	3.8		%		4.1		%
Interest rate at the end of the period	3.9		%		4.0		%

Aggregate maturities of secured debt

The aggregate maturities of the Operating Partnership’s secured debt due during each of the next five calendar years subsequent to June 30, 2015 are as follows (dollars in thousands):

		Fixed								Variable
Year		Mortgage Notes Payable				Secured Credit Facilities				Tax-Exempt Secured Notes Payable				Secured Credit Facilities				Total
2015		$	188,759			$	184			$	—			$	—			$	188,943
2016		131,946				385				—				—				132,331
2017		1,630				15,640				—				6,566				23,836
2018		1,685				111,256				—				81,559				194,500
2019		50,036				123,095				—				—				173,131
Thereafter		—				83,442				27,000				89,384				199,826
Total		$	374,056			$	334,002			$	27,000			$	177,509			$	912,567

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	dei_EntityInformationLineItems
Namespace Prefix:	dei_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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 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 2: 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 3: 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



Reference 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: http://www.xbrl.org/2003/role/presentationRef



-Publisher SEC



-Name Regulation S-X (SX)



-Number 210



-Section 02



-Paragraph 22



-Article 5

+ Details

Name:	us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term or long-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 drawdowns on the line.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 210



-SubTopic 10



-Section S99



-Paragraph 1



-Subparagraph (SX 210.5-02.19(b),22(b))



-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



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 SEC



-Name Regulation S-X (SX)



-Number 210



-Section 08



-Paragraph f



-Article 4



Reference 4: http://www.xbrl.org/2003/role/presentationRef



-Publisher SEC



-Name Regulation S-X (SX)



-Number 210



-Section 02



-Paragraph 19, 22



-Article 5

+ Details

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 470



-SubTopic 10



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	dei_LegalEntityAxis=udr_UnitedDominionRealityLPMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: