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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

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

The following financial instruments are remeasured at fair value on a recurring basis:

		Fair Value Measurements as of
		September 30, 2019												December 31, 2018
Cash Flow Hedges:		Level 1				Level 2				Level 3				Level 1				Level 2				Level 3
Derivative interest rate assets (a)		$	—			$	161			$	—			$	—			$	1,637			$	—
Derivative interest rate liabilities (b)		—				(1,629		)		—				—				—				—

(a) Recognized as a part of deferred costs and other assets, net, on the condensed consolidated balance sheets.

(b)

Recognized as a part of other liabilities on the condensed consolidated balance sheets.

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 and the related impairment charges for the three and nine months ended September 30, 2019 and 2018:

		For the three months ended September 30,																For the nine months ended September 30,
		2019								2018								2019								2018
		Level 3				Impairment Losses				Level 3				Impairment Losses				Level 3				Impairment Losses				Level 3				Impairment Losses
Investment properties		$	42,250			$	2,359			$	33,075			$	2,713			$	42,250			$	2,359			$	64,075			$	3,510

Fair Value of Financial Instruments Presented at Carrying Values

The table below represents the estimated fair value of financial instruments presented at carrying values in the Company's condensed consolidated financial statements as of September 30, 2019 and December 31, 2018:

	September 30, 2019							December 31, 2018
	Carrying Value			Estimated Fair Value				Carrying Value			Estimated Fair Value
Mortgages payable	$	176,502		$	180,671			$	213,925		$	212,572
Term loans	$	400,000		$	400,004			$	352,000		$	352,006

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=117815213&loc=d3e19207-110258

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-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

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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=118260190&loc=d3e13467-108611

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-Publisher FASB
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-Section 50
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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/disclosureRef
-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://www.xbrl.org/2003/role/disclosureRef
-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

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