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Notes Payable, Unsecured Notes and Credit Facility (Details 2) (USD $)
3 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2014
community
Jun. 30, 2013
Jun. 30, 2014
community
Jun. 30, 2013
Dec. 31, 2013
Jun. 30, 2014
Mortgage notes payable
community
Dec. 31, 2013
Mortgage notes payable
Apr. 30, 2014
Unsecured notes
Jun. 30, 2014
Unsecured notes
Dec. 31, 2013
Unsecured notes
Jun. 30, 2014
Term Loan
Mar. 31, 2014
Term Loan
Apr. 30, 2014
Secured Mortgage
Jun. 30, 2014
Notes payable maturing in 2015
Mortgage notes payable
Jun. 30, 2014
Variable rate unsecured credit facility
extension
Dec. 31, 2013
Variable rate unsecured credit facility
Jun. 30, 2014
Fixed rate mortgage notes payable
Dec. 31, 2013
Fixed rate mortgage notes payable
Jun. 30, 2014
Variable rate mortgage notes payable, unsecured term loan and Credit Facility
Dec. 31, 2013
Variable rate mortgage notes payable, unsecured term loan and Credit Facility
Jun. 30, 2014
LIBOR
Term Loan
Unsecured notes
Jun. 30, 2014
LIBOR
Secured Mortgage
Jun. 30, 2014
LIBOR
Variable rate unsecured credit facility
Notes Payable, Unsecured Notes and Credit Facility                                              
Principal amount of notes issued                     $ 300,000,000 $ 300,000,000 $ 53,000,000                    
Amount drawn           1,048,569,000 1,011,609,000       250,000,000   38,000,000                    
Additional amount with option to draw                     50,000,000                        
Fixed rate notes           2,408,940,000 [1] 2,418,389,000 [1]   2,450,000,000 [2] 2,600,000,000 [2]     15,000,000                    
Fixed rate (as a percent)               5.375%         2.99% 6.19%                  
Repayment of unsecured notes     150,000,000 100,000,000       150,000,000                              
Repayments of secured mortgages           5,914,000               10,427,000                  
Number of operating apartment communities 243   243     8                                  
Loss on extinguishment of debt, net 412,000 0 412,000 0                                      
Available borrowing capacity                             1,300,000,000                
Line of credit facility, extension period                             1 year                
Number of extension options                             2                
Extension period under each option                             6 months                
Extension fee                             1,950,000                
Debt instrument variable rate                                         LIBOR LIBOR  
Debt instrument, basis spread on variable rate (as a percent)                                         1.45% 2.00% 1.05%
Current interest rate (as a percent)                                             1.21%
Period of borrowing rate assumed                             1 month                
Annual facility fee                             1,950,000                
Variable rate unsecured credit facility 0   0   0                   0 0              
Outstanding balance of letters of credit                             49,434,000 65,018,000              
Net carrying value of apartment communities and improved land parcels securing debt                             4,467,166,000                
Mortgage notes payable held by wholly owned subsidiaries guaranteed by the Company           $ 258,224,000                                  
Weighted average interest rate, debt (as a percent)                                 4.50% 4.50% 1.80% 1.80%      
[1] Balances at June 30, 2014 and December 31, 2013 exclude $102,254 and $120,684 of debt premium, respectively, as reflected in mortgage notes payable on the Company’s Condensed Consolidated Balance Sheets.
[2] Balances at June 30, 2014 and December 31, 2013 exclude $4,889 and $5,291 of debt discount, respectively, as reflected in unsecured notes, net on the Company’s Condensed Consolidated Balance Sheets.