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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 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: 

 

 

December 31, 2017

 

 

As of December 31, 2016

 

Financial Instrument

 

Carrying

Amount

 

 

Estimated

Fair Value

 

 

Carrying

Amount

 

 

Estimated

Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

9,985

 

 

$

9,985

 

 

$

20,892

 

 

$

20,892

 

Restricted cash

 

 

4,634

 

 

 

4,634

 

 

 

5,518

 

 

 

5,518

 

Derivative assets

 

 

7,291

 

 

 

7,291

 

 

 

3,867

 

 

 

3,867

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unsecured credit facility

 

 

101,629

 

 

 

104,005

 

 

 

147,280

 

 

 

150,000

 

Term loan

 

 

99,105

 

 

 

100,000

 

 

 

-

 

 

 

-

 

Mortgages

 

 

577,708

 

 

 

564,333

 

 

 

596,537

 

 

 

588,523