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Note 16 - Fair Value Disclosure of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value, by Balance Sheet Grouping [Table Text Block]

	December 31,
	201 6				201 5
	Carrying Amounts		Estimated Fair Value		Carrying Amounts		Estimated Fair Value

Marketable securities (1)	$	8,101	$	8,101	$	7,565	$	7,564
Notes payable (2)	$	3,927,251	$	3,890,797	$	3,761,328	$	3,820,205
Mortgages payable (3)	$	1,139,117	$	1,141,047	$	1,614,982	$	1,629,760

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Balance at December 31, 201 6		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	6,502	$	6,502	$	-	$	-
Liabilities:
Interest rate swaps	$	975	$	-	$	975	$	-

	Balance at December 31, 201 5		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	5,909	$	5,909	$	-	$	-
Liabilities:
Interest rate swaps	$	1,426	$	-	$	1,426	$	-

	Balance at December 31, 201 6		Level 1		Level 2		Level 3

Real estate	$	117,930	$	-	$	-	$	117,930

	Balance at December 31, 201 5		Level 1		Level 2		Level 3

Real estate	$	52,439	$	-	$	-	$	52,439

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details