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Fair Value Measurements (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2018 | Dec. 31, 2017
Fair value measurements |  |
Mortgage loans receivable | $ 233,383 | $ 223,907
Senior unsecured notes, net of debt issue costs | 566,888 | 571,002
Accrued incentives and earn-outs | $ 9,041 | $ 8,916
Level 3 | Senior Unsecured Notes maturing before 2026 |  |
Fair value measurements |  |
Discount rate (as a percent) | 4.50% | 4.10%
Level 3 | Senior Unsecured Notes maturing 2026 and after |  |
Fair value measurements |  |
Discount rate (as a percent) | 4.75% | 4.30%
Level 3 | Accrued incentives and earn-out liabilities |  |
Fair value measurements |  |
Discount rate (as a percent) | 6.70% | 6.20%
Level 3 | Mortgage Loans Receivable |  |
Fair value measurements |  |
Discount rate (as a percent) | 8.20% | 8.70%
Carrying Value |  |
Fair value measurements |  |
Mortgage loans receivable | $ 233,383 | $ 223,907
Bank borrowings | 120,500 | 96,500
Senior unsecured notes, net of debt issue costs | 566,888 | 571,002
Accrued incentives and earn-outs | 9,041 | 8,916
Fair Value |  |
Fair value measurements |  |
Bank borrowings | 120,500 | 96,500
Fair Value | Level 3 |  |
Fair value measurements |  |
Mortgage loans receivable | 302,671 | 278,224
Senior unsecured notes, net of debt issue costs | 559,155 | 577,126
Accrued incentives and earn-outs | $ 9,041 | $ 8,916

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