XML 53 R38.htm IDEA: XBRL DOCUMENT
v3.19.1

Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Financial Instruments, Owned, at Fair Value [Abstract] |
Summary of Carry Amounts and Fair Value of Financial Instruments | The table below summarizes the carrying amounts and fair values of the Company’s financial instruments (in thousands):
| March 31, 2019(3) |  | December 31, 2018(3)
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Loans receivable, net(2) | $ | 86,139 |  |  | $ | 86,139 |  |  | $ | 62,998 |  |  | $ | 62,998 |
Marketable debt securities(2) | 19,337 |  |  | 19,337 |  |  | 19,202 |  |  | 19,202 |
Bank line of credit(2) | 276,500 |  |  | 276,500 |  |  | 80,103 |  |  | 80,103 |
Senior unsecured notes(1) | 5,260,622 |  |  | 5,484,915 |  |  | 5,258,550 |  |  | 5,302,485 |
Mortgage debt(2) | 137,525 |  |  | 133,652 |  |  | 138,470 |  |  | 136,161 |
Other debt(2) | 89,223 |  |  | 89,223 |  |  | 90,785 |  |  | 90,785 |
Interest-rate swap liabilities(2) | 1,217 |  |  | 1,217 |  |  | 1,310 |  |  | 1,310 |
_______________________________________
(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) 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 loan 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) During the three months ended March 31, 2019 and year ended December 31, 2018, 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + 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