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Fair Value of Financial Instruments | 12 Months Ended
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Dec. 31, 2017
Fair Value Disclosures [Abstract] |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following as of:
| December 31, 2017 |  | December 31, 2016
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Derivative assets(1) | $ | — |  |  | $ | 12,586 |  |  | $ | — |  |  | $ | 12,586 |  |  | $ | — |  |  | $ | 5,935 |  |  | $ | — |  |  | $ | 5,935 |
Derivative liabilities | — |  |  | 265 |  |  | — |  |  | 265 |  |  | — |  |  | 1,303 |  |  | — |  |  | 1,303 |
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(1) | Included in the prepaid expenses and other assets, net line item in the Consolidated Balance Sheets.
Other Financial Instruments The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities are reasonable estimates of fair value, using Level 1 inputs, because of the short-term nature of these instruments. Fair values for notes payable are estimates based on rates currently prevailing for similar instruments of similar maturities using Level 2 inputs. The table below represents the carrying value and fair value of the Company’s notes payable as of:
| December 31, 2017 |  | December 31, 2016
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Unsecured notes payable(1)(2) | $ | 1,974,278 |  |  | $ | 1,960,560 |  |  | $ | 2,025,000 |  |  | $ | 2,011,210 |
Secured notes payable(3) | 464,311 |  |  | 458,441 |  |  | 682,839 |  |  | 669,924 |
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(1) | Amounts represent notes payable excluding unamortized deferred financing costs.
(2) | The $400.0 million senior registered notes were issued at a discount. The discount, net of amortization was $722 thousand at December 31, 2017 and is included within unsecured notes payable.
(3) | Includes balances related to properties that have been classified as held for sale.

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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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