Non-Recourse Property Debt and Credit Agreement (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Summary of non-recourse property loans payable related to properties classified as held for use

The following table summarizes non-recourse property debt related to assets classified as held for use at December 31, 2018 and 2017 (in thousands):

	2018			2017
Fixed-rate property debt	$	3,676,882		$	3,480,378
Variable-rate property debt	260,118			82,663
Debt issue costs, net of accumulated amortization	(21,695		)	(17,932		)
Non-recourse property debt, net	$	3,915,305		$	3,545,109

Scheduled principal amortization and maturity payments for non-recourse debt related to apartment communities classified as held for use

As of December 31, 2018, the scheduled principal amortization and maturity payments for the non-recourse property debt related to apartment communities classified as held for use were as follows (in thousands):

	Amortization		Maturities
2019	$	77,791	$	168,554
2020	79,592		78,930
2021 (1)	69,995		611,039
2022	64,991		283,629
2023	55,450		337,871
Thereafter			2,109,158
Total			$	3,937,000

(1) Pursuant to the terms of our loan agreements, we may prepay in 2020 $246.5 million of loans maturing in 2021, without penalty.