XML 16 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Notes Payable, Unsecured Notes and Credit Facility (Details 2) (USD $)
3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Mortgage notes payable
   
Notes Payable, Unsecured Notes and Credit Facility    
Net carrying value of apartment communities and improved land parcels securing debt $ 4,082,329,000  
Mortgage notes payable held by wholly owned subsidiaries guaranteed by the Company 474,916,000  
Variable rate unsecured credit facility
   
Notes Payable, Unsecured Notes and Credit Facility    
Available borrowing capacity 1,300,000,000  
Line of credit facility, extension period 1 year  
Extension fee 1,950,000  
Debt instrument, basis spread on variable rate (as a percent) 1.25%  
Debt instrument variable rate LIBOR  
Current interest rate (as a percent) 1.05%  
Annual facility fee 1,950,000  
Borrowings outstanding under the credit facility 0  
Outstanding balance of letters of credit $ 55,491,000 $ 44,883,000
Fixed rate mortgage notes payable
   
Notes Payable, Unsecured Notes and Credit Facility    
Weighted average interest rate, debt (as a percent) 5.90% 5.80%
Variable rate mortgage notes payable and Credit Facility
   
Notes Payable, Unsecured Notes and Credit Facility    
Weighted average interest rate, debt (as a percent) 1.90% 2.70%