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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2016
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 derivative positions at December 31, 2016 (dollars in thousands):

 
 
Non-designated
Hedges
Interest Rate Caps
 
Cash Flow
Hedges
Interest Rate Caps
 
Cash Flow
Hedges
Interest Rate Swaps
Notional balance
 
$
715,820

 
$
35,898

 
$
800,000

Weighted average interest rate (1)
 
2.5
%
 
2.7
%
 
N/A

Weighted average swapped/capped interest rate
 
6.2
%
 
5.9
%
 
2.3
%
Earliest maturity date
 
February 2017

 
April 2019

 
November 2017

Latest maturity date
 
November 2021

 
April 2019

 
November 2017

_________________________________
(1)
For interest rate caps, represents the weighted average interest rate on the hedged debt.
Summary of deferred losses reclassified from AOCI
The following table summarizes the deferred losses reclassified from accumulated other comprehensive income as a component of interest expense, net (dollars in thousands):

 
For the year ended
 
12/31/16
 
12/31/15
 
12/31/14
Cash flow hedge losses reclassified to earnings
$
6,433

 
$
5,774

 
$
6,237
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):

Description
Total Fair
Value
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
12/31/2016
Non Designated Hedges
 
 
 
 
 
 
 
  Interest Rate Caps
$
79

 
$
—

 
$
79

 
$
—

Cash Flow Hedges
 
 
 
 
 
 
 
  Interest Rate Caps
2

 
—

 
2

 
—

  Interest Rate Swaps
14,775

 
—

 
14,775

 
—

Puts
(6,002
)
 
—

 
—

 
(6,002
)
DownREIT units
(1,329
)
 
(1,329
)
 
—

 
—

Indebtedness
 
 
 
 
 
 
 
  Unsecured notes
(4,218,627
)
 
(4,218,627
)
 
—

 
—

  Mortgage notes payable and Term Loan
(2,744,462
)
 
—

 
(2,744,462
)
 
—

Total
$
(6,955,564
)
 
$
(4,219,956
)
 
$
(2,729,606
)
 
$
(6,002
)
 
 
 
 
 
 
 
 
 
12/31/2015
Non Designated Hedges
 
 
 
 


 
 
  Interest Rate Caps
$
26

 
$
—

 
$
26

 
$
—

Cash Flow Hedges
 
 
 
 
 
 
 
  Interest Rate Caps
5

 
—

 
5

 
—

  Interest Rate Swaps
5,422

 
—

 
5,422

 
—

Puts
(8,181
)
 
—

 
—

 
(8,181
)
DownREIT units
(1,381
)
 
(1,381
)
 
—

 
—

Indebtedness
 
 
 
 
 
 
 
  Unsecured notes
(3,668,417
)
 
(3,668,417
)
 
—

 
—

  Mortgage notes payable and Term Loan
(2,700,341
)
 
—

 
(2,700,341
)
 
—

Total
$
(6,372,867
)
 
$
(3,669,798
)
 
$
(2,694,888
)
 
$
(8,181
)