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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Quantitative Disclosure of The Fair Value For Each Major Category Of Assets And Liabilities

For assets and liabilities measured at fair value on a recurring basis, quantitative disclosure of the fair value for each major category of assets and liabilities is presented below:

		Fair Value Measurements at September 30, 2017
Assets		Level 1				Level 2				Level 3
Available-for-sale marketable securities		$	35,224			$	—			$	—
Real estate related bonds		—				323				—
Derivative interest rate swaps		—				913				—
Total assets		$	35,224			$	1,236			$	—

		Fair Value Measurements at December 31, 2016
Assets		Level 1				Level 2				Level 3
Available-for-sale marketable securities		$	182,569			$	—			$	—
Real estate related bonds		—				1,314				—
Derivative interest rate swaps		—				487				—
Total assets		$	182,569			$	1,801			$	—

Assets Measured at Fair Value on Non-Recurring Basis

The following table summarizes activity for the Company’s assets measured at fair value on a nonrecurring basis. The Company recognized certain impairment charges to reflect the investments at their fair values for the three and nine months ended September 30, 2017 and 2016. The asset groups that were reflected at fair value through this evaluation are:

	For the three months ended September 30,
	2017								2016
	Level 3				Impairment Losses				Level 3				Impairment Losses
Investment properties, continuing operations	$	—			$	—			$	27,173			$	2,818
Investment properties, discontinued operations	—				—				—				—
Total					$	—							$	2,818

	For the nine months ended September 30,
	2017								2016
	Level 3				Impairment Losses				Level 3				Impairment Losses
Investment properties, continuing operations	$	36,676			$	16,440			$	66,323			$	11,208
Investment properties, discontinued operations	—				—				584,358				106,514
Total					$	16,440							$	117,722

Fair Value of Financial Instruments Presented at Carrying Values

The table below represents the fair value of financial instruments presented at carrying values in the Company's consolidated financial statements as of September 30, 2017 and December 31, 2016.

	September 30, 2017							December 31, 2016
	Carrying Value			Estimated Fair Value				Carrying Value			Estimated Fair Value
Mortgages payable	$	370,029		$	372,418			$	434,746		$	435,513
Line of credit and term loan	$	300,000		$	299,760			$	300,000		$	299,741

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- Definition

Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
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-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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- 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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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