Fair Value Measurements Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

For assets and liabilities measured at fair value on a recurring basis, quantitative disclosure of their fair value is as follows:

		Fair Value Measurements at
		March 31, 2015		December 31, 2014
		Using Significant Other Observable
		Inputs (Level 2)
Description	Consolidated Balance Sheet Location
Derivative interest rate instruments	Prepaid expenses and other assets	$	44	$	1,520
Derivative interest rate instruments	Accounts payable and accrued expenses	$	2,622	$	770

Schedule of Fair value and Carrying Value of Financial Instruments

The following table represents the fair value, derived using level 2 inputs, of financial instruments presented at carrying value in the Company’s consolidated financial statements as of March 31, 2015 and December 31, 2014:

	March 31, 2015				December 31, 2014
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Borrowings under credit facilities	$	342,000	$	342,376	$	0	$	0
Term loans	$	477,500	$	477,048	$	477,500	$	476,996
Bonds payable	$	42,500	$	42,500	$	42,500	$	42,500
Mortgage loans	$	499,859	$	508,470	$	501,090	$	510,250