XML 47 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Transactions During the First Quarter of 2017 and Subsequent Event (Details)
1 Months Ended 3 Months Ended
Apr. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
unit
project
Jan. 31, 2017
USD ($)
community
unit
Mar. 31, 2017
USD ($)
Mar. 31, 2016
USD ($)
Dec. 31, 2016
USD ($)
Other Commitments [Line Items]            
Payments to acquire preferred equity investments       $ 120,816,000 $ 50,591,000  
Gain on remeasurement of co-investment       86,482,000 $ 0  
Co-investments   $ 1,071,258,000   1,071,258,000   $ 1,161,275,000
Land and land improvements   2,719,064,000   2,719,064,000   2,559,743,000
Buildings and improvements   10,492,413,000   10,492,413,000   10,116,563,000
Prepaid expenses and other assets   53,716,000   53,716,000   48,450,000
Senior Notes [Member] | Senior Unsecured Notes at 5.500% [Member]            
Other Commitments [Line Items]            
Senior unsecured notes paid off   $ 300,000,000   $ 300,000,000    
Stated interest rate (as a percent)   5.50%   5.50%    
Subsequent Event [Member] | Senior Notes [Member] | Senior Unsecured Notes At 3.625% [Member]            
Other Commitments [Line Items]            
Stated interest rate (as a percent) 3.625%          
Debt instrument, face amount $ 350,000,000          
Debt instrument, term (in years) 10 years          
Membership Interest In Palm Valley And Sage At Cupertino [Member]            
Other Commitments [Line Items]            
Land and land improvements   $ 169,500,000   $ 169,500,000    
Buildings and improvements   365,700,000   365,700,000    
Prepaid expenses and other assets   $ 3,200,000   3,200,000    
Membership Interest In Palm Valley [Member]            
Other Commitments [Line Items]            
Equity method investment, ownership percentage acquired (as a percent)     50.00%      
Payments to acquire preferred equity investments     $ 183,000,000      
Mortgage encumbrance           $ 220,000,000
Number of units acquired (in units) | unit     1,098      
Number of communities acquired (in communities) | community     4      
Gain on remeasurement of co-investment     $ 86,500,000      
Membership Interest In Sage At Cupertino [Member]            
Other Commitments [Line Items]            
Equity method investment, ownership percentage acquired (as a percent)   40.50%        
Mortgage encumbrance   $ 52,000,000   52,000,000    
Number of units acquired (in units) | unit   230        
Co-investments   $ 15,300,000   15,300,000    
Contract price   90,000,000        
Jefferson at Hollywood [Member]            
Other Commitments [Line Items]            
Number of units sold (in units) | unit     270      
Proceeds from sale of real estate     $ 132,500,000      
Gain (loss) on sale of properties     $ 26,200,000      
Limited Liability Company with Development Projects in Fullerton and Irvine, CA [Member] | Equity Method Investments [Member]            
Other Commitments [Line Items]            
Payments to acquire preferred equity investments   2,000,000        
Co-investments   $ 21,500,000   $ 21,500,000    
Number of development projects (in projects) | project   2        
Preferred equity investment, dividend rate, first 30 months (as a percent)   11.00%        
Preferred equity investment, dividend rate, after 30 months (as a percent)   9.50%        
Limited Liability Company with Development Projects in Fullerton and Irvine, CA [Member] | Equity Method Investments [Member] | Fullerton, CA [Member]            
Other Commitments [Line Items]            
Number of units acquired (in units) | unit   142        
Limited Liability Company with Development Projects in Fullerton and Irvine, CA [Member] | Equity Method Investments [Member] | Irvine, CA [Member]            
Other Commitments [Line Items]            
Number of units acquired (in units) | unit   170