XML 67 R55.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Fair Value Measurements |
Summary of the carrying values and fair values of financial instruments (in thousands) | The table below summarizes the carrying amounts and fair values of the Company’s financial instruments (in thousands):
|  | December 31, |
|  | 2016(4) |  | 2015 |
|  | Carrying |  |  |  |  | Carrying |  |  |  |
|  | Amount |  | Fair Value |  | Amount |  | Fair Value |
Loans receivable, net(2) |  | $ | 807,954 |  | $ | 807,505 |  | $ | 768,743 |  | $ | 770,052 |
Marketable debt securities(2) |  |  | 68,630 |  |  | 68,630 |  |  | 102,958 |  |  | 102,958 |
Marketable equity securities(1) |  |  | 76 |  |  | 76 |  |  | 39 |  |  | 39 |
Warrants(3) |  |  | 19 |  |  | 19 |  |  | 55 |  |  | 55 |
Bank line of credit(2) |  |  | 899,718 |  |  | 899,718 |  |  | 397,432 |  |  | 397,432 |
Term loans(2) |  |  | 440,062 |  |  | 440,062 |  |  | 524,807 |  |  | 524,807 |
Senior unsecured notes(1) |  |  | 7,133,538 |  |  | 7,386,149 |  |  | 9,120,107 |  |  | 9,390,668 |
Mortgage debt(2) |  |  | 623,792 |  |  | 609,374 |  |  | 932,212 |  |  | 963,786 |
Other debt(2) |  |  | 92,385 |  |  | 92,385 |  |  | 94,445 |  |  | 94,445 |
Interest-rate swap asset(2) |  |  | — |  |  | — |  |  | 196 |  |  | 196 |
Interest-rate swap liabilities(2) |  |  | 4,857 |  |  | 4,857 |  |  | 6,251 |  |  | 6,251 |
Currency swap assets(2) |  |  | 2,920 |  |  | 2,920 |  |  | 1,551 |  |  | 1,551 |
| (1) |  | Level 1: Fair value calculated based on quoted prices in active markets.
| (2) |  | Level 2: Fair value based on (i) for marketable debt securities, quoted prices for similar or identical instruments in active or inactive markets, respectively, or (ii) or for loans receivable, net, mortgage debt, and swaps, calculated utilizing standardized pricing models in which significant inputs or value drivers are observable in active markets. For bank line of credit, term loans and other debt, the carrying values are a reasonable estimate of fair value because the borrowings are primarily based on market interest rates and the Company’s credit rating.
| (3) |  | Level 3: Fair value determined based on significant unobservable market inputs using standardized derivative pricing models.
| (4) |  | During the years ended December 31, 2016 and 2015, there were no material transfers of financial assets or liabilities within the fair value hierarchy.

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=73719730&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=73719730&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=6447952&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=6957238&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=73719730&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_FinancialInstrumentsOwnedAtFairValueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration