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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

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 December 31, 2018
	Level 1				Level 2				Level 3
Derivative interest rate swaps	$	—			$	1,637			$	—
Total assets	$	—			$	1,637			$	—

	Fair Value Measurements at December 31, 2017
	Level 1				Level 2				Level 3
Available-for-sale marketable securities	$	4,431			$	—			$	—
Real estate related bonds	—				327				—
Derivative interest rate swaps	—				1,670				—
Total assets	$	4,431			$	1,997			$	—

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 non-recurring basis and the related impairment losses for the years ended December 31, 2018, 2017, and 2016:

	As of December 31, 2018								As of December 31, 2017								As of December 31, 2016
	Level 3				Impairment Loss				Level 3				Impairment Loss				Level 3				Impairment Loss
Investment properties, continuing operations	$	64,075			$	3,510			$	105,900			$	27,754			$	66,323			$	11,208
Investment properties, discontinued operations	—				—				—				—				584,358				106,514
Investment in unconsolidated entities	30,049				29,933				—				—				—				—
Total					$	33,443							$	27,754							$	117,722

Fair Value of Financial Instruments Presented at Carrying Values

The following table represents the estimated fair value of financial instruments presented at carrying values in the consolidated financial statements as of December 31, 2018 and 2017:

	December 31, 2018								December 31, 2017
	Carrying Value				Estimated Fair Value				Carrying Value				Estimated Fair Value
Mortgages payable	$	213,925			$	212,572			$	370,804			$	372,962
Term loans	$	352,000			$	352,006			n/a				n/a
Line of credit and term loans	n/a				n/a				$	300,000			$	299,770

X

- 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://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=99377789&loc=d3e19207-110258

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-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611

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-Section 50
-Paragraph 2
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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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