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FAIR VALUE MEASUREMENTS - Recurring Basis (Details)
12 Months Ended
Dec. 31, 2015
USD ($)
derivative_instrument
Dec. 31, 2014
USD ($)
derivative_instrument
Dec. 31, 2013
USD ($)
Assets:      
Available-for-sale securities   $ 20,512,000  
Liabilities:      
Interest rate swaps $ 434,000 2,226,000  
Net realized gains and losses on sale of available-for-sale securities 16,560,000 0 $ 0
Proceeds from sale of available-for-sale securities 20,755,000    
Fair value of mortgage and other indebtedness 4,945,622,000 4,947,026,000  
Mortgage and other indebtedness 4,710,628,000 4,683,333,000  
Common Stock      
Assets:      
Available-for-sale securities   20,516,000  
Liabilities:      
Adjusted cost $ 4,195,000 $ 4,195,000  
Interest Rate Swap | Fair Value, Measurements, Recurring      
Liabilities:      
Number of instruments held | derivative_instrument 4 4  
Quoted Prices in Active Markets for Identical Assets (Level 1)      
Assets:      
Available-for-sale securities   $ 20,512,000  
Liabilities:      
Interest rate swaps $ 0 0  
Significant Other Observable Inputs (Level 2)      
Assets:      
Available-for-sale securities   0  
Liabilities:      
Interest rate swaps 434,000 2,226,000  
Significant Unobservable Inputs (Level 3)      
Assets:      
Available-for-sale securities   0  
Liabilities:      
Interest rate swaps $ 0 $ 0