XML 73 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
Unsecured Debt - Narrative (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Jan. 31, 2018
USD ($)
extension
Apr. 30, 2013
USD ($)
Sep. 30, 2012
USD ($)
Dec. 31, 2017
USD ($)
extension
line_of_credit
instrument
Dec. 31, 2016
USD ($)
Apr. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
Nov. 30, 2016
USD ($)
Oct. 31, 2016
USD ($)
Apr. 30, 2016
Mar. 31, 2015
USD ($)
Apr. 30, 2014
USD ($)
Apr. 01, 2014
USD ($)
Debt Instrument [Line Items]                          
Unamortized debt issuance expense       $ 5,400,000 $ 7,400,000                
Number of outstanding lines of credit | line_of_credit       2                  
Senior notes       $ 275,000,000 $ 315,000,000                
Effective interest rate       4.50% 4.50%                
Unsecured debt, net       $ 3,501,709,000 $ 3,246,779,000                
Debt instrument, face amount       2,900,000,000 2,850,000,000                
Lines of credit       179,000,000 125,000,000                
Unsecured Line of Credit [Member]                          
Debt Instrument [Line Items]                          
Lines of credit       179,000,000                  
Unsecured Bonds 3.625% [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, face amount       350,000,000 0                
Unsecured Bonds 3.375%, Due April 2026 [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, face amount       450,000,000 450,000,000                
Unsecured Bonds 5.500% [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, face amount       0 300,000,000                
Unsecured Bonds 5.200% [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, face amount       300,000,000 300,000,000                
Unsecured Bonds 3.375% [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, face amount       300,000,000 300,000,000                
Unsecured Bonds 3.875% [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, face amount       400,000,000 400,000,000                
Unsecured Bonds 3.25% [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, face amount       300,000,000 300,000,000                
Unsecured Bonds 3.625% [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, face amount       300,000,000 300,000,000                
Unsecured Debt [Member]                          
Debt Instrument [Line Items]                          
Debt instrument, unamortized premium       5,200,000 100,000                
Unamortized debt issuance expense       18,100,000 18,100,000                
Unsecured Debt [Member] | Senior Unsecured Notes Maturing April 1, 2025 [Member]                          
Debt Instrument [Line Items]                          
Senior notes       495,900,000 495,400,000                
Debt instrument, face amount                     $ 500,000,000    
Interest rate, stated percentage                     3.50%    
Debt offering price                     99.747%    
Line of Credit [Member]                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity       1,030,000,000                  
Line of Credit [Member] | Unsecured Line of Credit [Member]                          
Debt Instrument [Line Items]                          
Unamortized debt issuance expense       3,200,000 3,300,000                
Lines of credit       $ 179,000,000 $ 125,000,000                
Unsecured Line of Credit [Member]                          
Debt Instrument [Line Items]                          
Weighted average interest rate       2.30% 1.80%                
Lines of credit       $ 179,000,000 $ 125,000,000                
Unsecured Line of Credit [Member] | Line of Credit [Member]                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity       $ 1,000,000,000                  
Number of extension options | extension       1                  
Term extension period       18 months                  
Unsecured Line of Credit [Member] | Line of Credit [Member] | Subsequent Event [Member]                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity $ 1,200,000,000                        
Number of extension options | extension 1                        
Term extension period 18 months                        
Unsecured Line of Credit [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]                          
Debt Instrument [Line Items]                          
Basis spread on rate       0.90%                  
Unsecured Line of Credit [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Subsequent Event [Member]                          
Debt Instrument [Line Items]                          
Basis spread on rate 0.875%                        
Unsecured Line of Credit [Member] | Line of Credit Working Capital [Member]                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity       $ 25,000,000                  
Lines of credit       $ 0 0                
Unsecured Line of Credit [Member] | Line of Credit Working Capital [Member] | Subsequent Event [Member]                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity $ 35,000,000                        
Unsecured Line of Credit [Member] | Line of Credit Working Capital [Member] | London Interbank Offered Rate (LIBOR) [Member]                          
Debt Instrument [Line Items]                          
Basis spread on rate       0.90%                  
Variable rate term loan [Member]                          
Debt Instrument [Line Items]                          
Unsecured debt, net         $ 100,000,000     $ 350,000,000 $ 225,000,000        
Weighted average interest rate       2.50% 2.30%                
Derivative, notional amount       $ 175,000,000                  
Basis spread on rate       0.95%                  
Variable rate term loan [Member] | Carrying Value [Member]                          
Debt Instrument [Line Items]                          
Unsecured debt, net       $ 348,545,000 $ 98,189,000                
Variable rate term loan [Member] | Interest Rate Swap [Member]                          
Debt Instrument [Line Items]                          
Unsecured debt, net       $ 350,000,000                  
Number of derivative instruments held | instrument       5                  
Term of loan       5 years                  
Variable rate term loan [Member] | Variable Term Loan, Tranche One [Member] | Interest Rate Swap [Member]                          
Debt Instrument [Line Items]                          
Derivative, notional amount       $ 175,000,000                  
Derivative, fixed interest rate       2.30%                  
Senior Notes [Member] | BRE Properties, Inc. [Member]                          
Debt Instrument [Line Items]                          
Unsecured debt, net       $ 603,200,000 907,100,000                
Long-term debt acquired                         $ 900,000,000
Senior Notes [Member] | Unsecured Bonds 3.625% [Member]                          
Debt Instrument [Line Items]                          
Unsecured debt, net       $ 345,200,000                  
Debt instrument, face amount           $ 350,000,000              
Interest rate, stated percentage       3.625%                  
Debt offering price           99.423%              
Senior Notes [Member] | Unsecured Bonds 3.375%, Due April 2026 [Member]                          
Debt Instrument [Line Items]                          
Unsecured debt, net       $ 444,400,000 443,700,000                
Interest rate, stated percentage       3.375%                  
Debt offering price                   99.386%      
Senior Notes [Member] | Unsecured Bonds 5.500% [Member]                          
Debt Instrument [Line Items]                          
Interest rate, stated percentage       5.50%               5.50%  
Face amount of debt paid off             $ 300,000,000            
Senior Notes [Member] | Unsecured Bonds 5.200% [Member]                          
Debt Instrument [Line Items]                          
Interest rate, stated percentage       5.20%                  
Senior Notes [Member] | Unsecured Bonds 3.375% [Member]                          
Debt Instrument [Line Items]                          
Interest rate, stated percentage       3.375%                  
Senior Notes [Member] | Unsecured Bonds 3.875% [Member]                          
Debt Instrument [Line Items]                          
Unsecured debt, net       $ 395,800,000 395,100,000                
Debt instrument, face amount                       $ 400,000,000  
Interest rate, stated percentage       3.875%               3.875%  
Debt offering price                       99.234%  
Senior Notes [Member] | Unsecured Bonds 3.25% [Member]                          
Debt Instrument [Line Items]                          
Interest rate, stated percentage   3.25%   3.25%                  
Debt offering price   99.152%                      
Proceeds from issuance of unsecured debt   $ 300,000,000                      
Long-term debt, gross       $ 297,000,000 296,500,000                
Senior Notes [Member] | Unsecured Bonds 3.625% [Member]                          
Debt Instrument [Line Items]                          
Interest rate, stated percentage     3.625% 3.625%                  
Debt offering price     98.99%                    
Proceeds from issuance of unsecured debt     $ 300,000,000                    
Long-term debt, gross       $ 297,200,000 $ 296,600,000