XML 47 R32.htm IDEA: XBRL DOCUMENT
v3.19.2

Fair Value of Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Fair Value Disclosures [Abstract] |
Schedule of Financial Instruments With Fair Values Different From Their Carrying Amount | The following are financial instruments for which the Company’s estimates of fair value differ from the carrying amounts (in thousands):
| June 30, 2019 |  |  | December 31, 2018 |
| Carrying Amount (a) |  |  | Fair Value |  |  | Carrying Amount (a) |  |  | Fair Value |
Unsecured notes payable | $ | 1,288,749 |  |  | $ | 1,345,040 |  |  | $ | 1,288,024 |  |  | $ | 1,262,570 |
Variable rate debt | $ | 490,410 |  |  | $ | 473,708 |  |  | $ | 419,153 |  |  | $ | 402,924 |
Mortgage notes payable | $ | 317,377 |  |  | $ | 321,872 |  |  | $ | 320,869 |  |  | $ | 318,515 |
Notes receivable (b) | $ | 44,430 |  |  | $ | 40,734 |  |  | $ | 47,771 |  |  | $ | 47,747 |
(a) | The carrying amounts presented in the table above are net of deferred financing costs of $7.3 million and $7.9 million for unsecured notes payable, $1.7 million and $5.1 million for variable rate debt and $0.3 million and $0.4 million for mortgage notes payable as of June 30, 2019 and December 31, 2018, respectively.
(b) | The inputs to originate the notes receivable are unobservable and, as a result, are categorized as Level 3. The Company determined fair value by calculating the present value of the cash payments to be received through the maturity date of the loan.

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration