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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] |
Schedule of Fair Value Measurement Inputs | The following tables present the Company's assets and liabilities measured at fair value on a recurring and non-recurring basis as of June 30, 2019 and December 31, 2018, aggregated by the level in the fair value hierarchy within which those measurements fall:
|  | Balance |  | Fair Value Measurements Using
Description |  | June 30, 2019 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Impaired properties held for sale | (1) | $ | 2,700 |  |  | $ | — |  |  | $ | 1,500 |  |  | $ | 1,200 |
|  | Balance |  | Fair Value Measurements Using
Description |  | December 31, 2018 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Interest rate swap assets | (2) | $ | 76 |  |  | $ | — |  |  | $ | 76 |  |  | $ | — |
Impaired real estate assets | (3) | $ | 35,036 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,036 |
(1) | Represents a non-recurring fair value measurement. Fair value as of the date of the impairment was determined by the signed purchase agreement for the property located in Albany, GA and an internal valuation of fair value prepared for the property located in Watertown, NY.
(2) | The interest rate swap assets related to the Company's $300,000 term loan expired in January 2019.
(3) Represents a non-recurring fair value measurement as of the date of impairment.
Schedule of Carrying Amounts and Fair Value of Financial Instruments | The table below sets forth the carrying amounts and estimated fair values of the Company's financial instruments as of June 30, 2019 and December 31, 2018, excluding held for sale assets.
| As of June 30, 2019 |  | As of December 31, 2018
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Liabilities |  |  |  |  |  |  |  |  |  |  |
Debt | $ | 1,410,106 |  |  | $ | 1,362,438 |  |  | $ | 1,492,483 |  |  | $ | 1,409,773 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258 Reference 4: 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=117815213&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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