Fair Value of Derivatives and Financial Instruments (UNITED DOMINION REALTY, L.P.) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | $299 | | $0 | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 2,382 | | 4,965 | |
Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 19,157 | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 3,742,913 | | 3,651,141 | |
Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | 299 | [1] | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 2,382 | [1] | 4,965 | [1] |
Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 451,582 | [2] | 466,375 | [2] |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 31,337 | [2] | 63,595 | [2] |
Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 94,700 | [2] | 94,700 | [2] |
Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 655,035 | [2] | 661,094 | [2] |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 211,409 | [2] | 211,409 | [2] |
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 0 | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 0 | | 0 | |
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 299 | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 2,382 | | 4,965 | |
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 18,858 | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 3,740,531 | | 3,646,176 | |
United Dominion Reality L.P. [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | 5 | | 0 | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 1,324 | | 2,731 | |
United Dominion Reality L.P. [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 5 | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 958,115 | | 969,724 | |
United Dominion Reality L.P. [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | 5 | [3] | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 1,324 | [3] | 2,731 | [3] |
United Dominion Reality L.P. [Member] | Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 392,883 | [4] | 403,695 | [4] |
United Dominion Reality L.P. [Member] | Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 27,000 | [4] | 27,000 | [4] |
United Dominion Reality L.P. [Member] | Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 394,849 | [4] | 394,239 | [4] |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 142,059 | [4] | 142,059 | [4] |
United Dominion Reality L.P. [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 0 | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 0 | | 0 | |
United Dominion Reality L.P. [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 5 | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 1,324 | | 2,731 | |
United Dominion Reality L.P. [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 0 | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 956,791 | | 966,993 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | ' | | 83,833 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | ' | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | 0 | | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 [Member] | Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 0 | | 0 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 [Member] | Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 [Member] | Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 0 | | 0 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | ' | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | 299 | | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 2,382 | | ' | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 [Member] | Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 0 | | 0 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 [Member] | Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 [Member] | Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 0 | | 0 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | ' | | 83,833 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 3 [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | 0 | | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 3 [Member] | Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 451,582 | | 466,375 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 31,337 | | 63,595 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 3 [Member] | Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 94,700 | | 94,700 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 3 [Member] | Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 655,035 | | 661,094 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 211,409 | | 211,409 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 1 [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | 0 | | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 1 [Member] | Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 1 [Member] | Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 1 [Member] | Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 0 | | 0 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 2 [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | 5 | | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 1,324 | | 2,731 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 2 [Member] | Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 2 [Member] | Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 2 [Member] | Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 0 | | 0 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 3 [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivatives - Interest rate contracts | 0 | | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 0 | | 0 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 3 [Member] | Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 392,883 | | 403,695 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 3 [Member] | Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 27,000 | | 27,000 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Level 3 [Member] | Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 394,849 | | 394,239 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 142,059 | | 142,059 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 18,617 | | 83,033 | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 3,630,574 | | 3,528,668 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 2,382 | | 4,965 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 438,172 | | 445,706 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 31,337 | | 63,595 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 94,700 | | 94,700 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 623,754 | | 626,667 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 211,409 | | 211,409 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Total assets | 5 | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Total liabilities | 929,598 | | 937,596 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Estimated fair values of the financial instruments either recorded or disclosed on a recurring basis | ' | | ' | |
Derivative Liability Designated as Hedging Instrument, Fair Value | 1,324 | | 2,731 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Mortgages Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 380,506 | | 386,803 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Tax Exempt Notes Payable [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | 27,000 | | 27,000 | |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | United Dominion Reality L.P. [Member] | Line of Credit [Member] | Fair Value, Measurements, Recurring [Member] | ' | | ' | |
Secured debt instruments - fixed rate | ' | | ' | |
Secured debt instruments - fixed rate | 378,709 | | 379,003 | |
Secured debt instruments - variable rate | ' | | ' | |
Secured debt instruments - variable rate | $142,059 | | $142,059 | |
|
[1] | See Note 6, Secured and Unsecured Debt |
[2] | See Note 2, Significant Accounting Policies |
[3] | See Note 5, Debt |
[4] | See Note 8, Derivatives and Hedging Activity |