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Fair Value (Tables)
 9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of summary of consolidated Hedging Derivatives, excluding derivatives executed to hedge debt on communities classified as held for sale
The following table summarizes the consolidated Hedging Derivatives at September 30, 2014, excluding derivatives executed to hedge debt on communities classified as held for sale (dollars in thousands):
 
Non-designated
Hedges
 
Cash Flow
Hedges
 
 
 
 
Notional balance
$
606,274

 
$
171,302

Weighted average interest rate (1)
1.7
%
 
2.5
%
Weighted average capped interest rate
5.9
%
 
5.1
%
Earliest maturity date
Jan 2015

 
Apr 2015

Latest maturity date
Aug 2018

 
Apr 2019

____________________________________
(1)
Represents the weighted average interest rate on the hedged debt.
Schedule of summary of classification between the three levels of the fair value hierarchy of the Company's financial instruments measured at fair value on a recurring basis
The following table summarizes the classification between the three levels of the fair value hierarchy of the Company’s financial instruments measured/disclosed at fair value on a recurring basis (dollars in thousands):
 
 
Total Fair Value
 
Quoted Prices
in Active
Markets for
 
Significant
Other
Observable
 
Significant
Unobservable
 
 
 
 
Identical Assets
 
Inputs
 
Inputs
Description
 
9/30/2014
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
 
 
 
 
 
Non-Designated Hedges
 
 
 
 
 
 
 
 
Interest Rate Caps
 
$
74

 
$
—

 
$
74

 
$
—

Cash Flow Hedges
 
 
 
 
 
 
 
 
Interest Rate Caps
 
77

 
—

 
77

 
—

Puts
 
(11,104
)
 
—

 
—

 
(11,104
)
DownREIT units
 
(1,057
)
 
(1,057
)
 
—

 
—

Indebtedness
 
(6,240,087
)
 
(3,681,609
)
 
(2,558,478
)
 
—

Total
 
$
(6,252,097
)
 
$
(3,682,666
)
 
$
(2,558,327
)
 
$
(11,104
)