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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The estimated fair values of interest-rate contract/cap arrangements were derived from estimated values based on observable market data for similar instruments.
 
 
June 30, 2015
 
December 31, 2014
 
Carrying 
Value
 
Fair Value
 
Carrying 
Value
 
Fair Value
Notes payable
$
2,119,157

 
$
2,125,481

 
$
960,508

 
$
969,259

Notes receivable
28,476

 
28,528

 
28,268

 
28,268

Derivative assets, disclosed as “Interest rate contracts”
8,689

 
8,689

 
3

 
3

Derivative liabilities, disclosed as “Interest rate contracts”
1,766

 
1,766

 
1,750

 
1,750