XML 15 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unsecured Debt and Lines of Credit (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2011
Unsecured Bonds Average 4.5% [Member]
Dec. 31, 2011
Unsecured Bonds 4.36% [Member]
Dec. 31, 2011
Unsecured Bonds 4.5% [Member]
Dec. 31, 2011
Unsecured Bonds 4.92 % [Member]
Dec. 31, 2011
Unsecured Term Loan [Member]
Dec. 31, 2011
Secured Line of Credit Freddie Mac [Member]
Dec. 31, 2010
Secured Line of Credit Freddie Mac [Member]
Jan. 31, 2012
Line of Credit Working Capital [Member]
Dec. 31, 2011
Line of Credit Working Capital [Member]
Dec. 31, 2010
Unsecured Line of Credit [Member]
Dec. 31, 2011
Unsecured Line of Credit [Member]
Unsecured Debt and Lines of Credit [Abstract]                          
Number of outstanding lines of credit   2                      
Line of Credit Facility [Line Items]                          
Line of credit maximum borrowing capacity $ 207,200 $ 440,000             $ 250,000   $ 15,000    
Line of credit with an accordion option                         425,000
Unsecured line of credit balance                       150,000  
Accordion option to increase maximum borrowing capacity                       500,000  
Basis spread on variable rate, initial (in hundredths)                     1.25% 3.00%  
Basis spread on variable rate, amended (in hundredths)             1.40%         2.40%  
Increment in borrowing limit                   25,000      
Line of credit facility maturity date                 December 2013   January 2014 December 2014  
Number of apartment communities securing the credit facility                 11        
Number of one year extensions available                         2
Early retirement of debt 99,000             600          
Debt Instrument [Line Items]                          
Proceeds from issuance of unsecured bonds     265,000                    
Average interest rates for bonds issued (in hundredths)     4.50%                    
Maturity date       Jan. 01, 2016 Jan. 01, 2017 Jan. 01, 2019              
Interest rate (in hundredths)       4.36% 4.50% 4.92%              
Unsecured term loan amount   200,000         200,000            
Basis spread on variable rate (in hundredths)             1.40%         2.40%  
Term of loan             5Y            
Notional amount of interest rate swap             $ 150,000            
Interest rate after swap contract             2.66%