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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Schedule of Carrying Amount and Fair Value of Financial Instrument

The fair value of mortgage indebtedness is based on a discounted cash flows valuation technique. As this technique utilizes current credit spreads, which are generally unobservable, this is classified as a Level 3 fair value measurement within the fair value hierarchy.  We determine appropriate credit spreads based on the type of debt and its maturity. The following table summarizes the carrying amount and the fair value of our financial instruments as of the periods indicated:

		As of March 31, 2017								As of December 31, 2016
Financial Instrument		Carrying Amount				Estimated Fair Value				Carrying Amount				Estimated Fair Value
Assets
Cash and cash equivalents		$	10,065			$	10,065			$	20,892			$	20,892
Restricted cash			5,575				5,575				5,518				5,518
Derivative assets			4,292				4,292				3,867				3,867
Liabilities
Debt:
Secured credit facility			169,669				172,000				147,280				150,000
Mortgages			596,026				586,100				596,537				588,523

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