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Fair Value (Tables)
 6 Months Ended
Jun. 30, 2015
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 June 30, 2015 (dollars in thousands):
 
Non-designated
Hedges
 
Cash Flow
Hedges
 
 
 
 
Notional balance
$
727,474

 
$
37,138

Weighted average interest rate (1)
1.9
%
 
2.3
%
Weighted average capped interest rate
5.8
%
 
5.9
%
Earliest maturity date
Feb 2016

 
Apr 2019

Latest maturity date
Jun 2020

 
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
 
6/30/2015
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
 
 
 
 
 
Non-Designated Hedges
 
 
 
 
 
 
 
 
Interest Rate Caps
 
$
25

 
$
—

 
$
25

 
$
—

Cash Flow Hedges
 
 
 
 
 
 
 
 
Interest Rate Caps
 
17

 
—

 
17

 
—

Puts
 
(8,954
)
 
—

 
—

 
(8,954
)
DownREIT units
 
(1,199
)
 
(1,199
)
 
—

 
—

Indebtedness
 
 
 
 
 
 
 
 
Unsecured notes
 
(3,353,009
)
 
(3,353,009
)
 
—

 
—

Mortgage notes payable and unsecured term loan
 
(3,022,147
)
 
—

 
(3,022,147
)
 
—

Total
 
$
(6,385,267
)
 
$
(3,354,208
)
 
$
(3,022,105
)
 
$
(8,954
)