Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Disaggregated Revenue by Source

The table below presents our revenues disaggregated by revenue source.

	For the year ended December 31,
	2019		2018		2017
Rental revenue (1)	$	195,120	$	184,330	$	155,334
Other property revenue (2)		7,500		6,382		5,163
Other revenue (2)		603		520		719
Total revenue	$	203,223	$	191,232	$	161,216

(1)

Amounts include all revenue streams derived from rental income and other lease income, which are accounted for under FASB ASC Topic 842.

(2)

Amounts include revenue related to activities that are not considered components of a lease, including application fees and administrative fees, as well as revenue not related to leasing activities, including vendor revenue sharing. All amounts are accounted for under FASC ASC Topic 606.

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, 2019				December 31, 2018
Financial Instrument	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash and cash equivalents	$	9,888	$	9,888	$	9,316	$	9,316
Restricted cash		4,545		4,545		6,729		6,729
Derivative assets		953		953		8,307		8,307

Liabilities
Debt:
Unsecured credit facility		183,966		186,302		153,983		155,743
Unsecured term loans		298,418		300,000		248,380		250,000
Mortgages		503,188		505,510		583,125		577,112
Derivative liabilities		7,769		7,769		-		-