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Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities, Recurring
The Company’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following as of:
 
December 31, 2016
 
December 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Derivative assets
$
—

 
$
5,935

 
$
—

 
$
5,935

 
$
—

 
$
2,061

 
$
—

 
$
2,061

Derivative liabilities
—

 
1,303

 
—

 
1,303

 
—

 
2,010

 
—

 
2,010
Fair Value Measurements, Recurring and Nonrecurring
The table below represents the carrying value and fair value of assets and liabilities as of:
 
December 31, 2016
 
December 31, 2015
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Notes payable, net(1)
$
2,707,839

 
$
2,681,134

 
$
2,279,755

 
$
2,284,429

Notes receivable, net
—

 
—

 
28,684

 
28,684

_____________
(1)
Amounts represent total notes payable includes unamortized loan premium and excludes net deferred financing fees.