XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Fair Value of Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Fair Value of Financial Instruments |
Schedule of fair value by balance sheet groupings | We believe that the carrying values reflected in our consolidated balance sheets reasonably approximate the fair values for cash and cash equivalents, accounts receivable, escrow deposits, loans receivable, line of credit payable, term loans and all other liabilities, due to their short-term nature or interest rates and terms that are consistent with market, except for our notes receivable issued in connection with property sales, mortgages payable and our senior notes and bonds payable, which are disclosed as follows (dollars in millions):
|  | Carrying value per |  | Estimated fair |
At June 30, 2017 |  | balance sheet |  | value |
Notes receivable issued in connection with property sales |  | $ | 5.3 |  | $ | 5.5 |
Mortgages payable assumed in connection with acquisitions(1) |  | 373.5 |  | 386.9 |
Notes and bonds payable(2) |  | 4,675.0 |  | 4,888.3 |
|  | Carrying value per |  | Estimated fair |
At December 31, 2016 |  | balance sheet |  | value |
Notes receivable issued in connection with property sales |  | $ | 5.4 |  | $ | 5.5 |
Mortgages payable assumed in connection with acquisitions(1) |  | 460.0 |  | 468.7 |
Notes and bonds payable(2) |  | 3,975.0 |  | 4,143.3 |
(1) Excludes non-cash net premiums recorded on the mortgages payable. The unamortized balance of these net premiums is $5.1 million at June 30, 2017, and $6.4 million at December 31, 2016. Also excludes deferred financing costs of $262,000 at June 30, 2017, and $324,000 at December 31, 2016. (2) Excludes non-cash original issuance discounts recorded on notes payable. The unamortized balance of the original issuance discounts is $7.3 million at June 30, 2017, and $19.8 million at December 31, 2016. Also excludes deferred financing costs of $25.3 million at June 30, 2017 and $20.8 million at December 31, 2016.

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration