Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2017

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

The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2017, aggregated by the level in the fair value hierarchy within which those measurements fall.



				Fair Value Measurements at Reporting Date Using
Description	March 31, 2017			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Other assets - Cash Flow Hedge Swap Agreements	$	28,744		$	—	$	28,744		$	—
Other liabilities - Cash Flow Hedge Swap Agreements	$	(1,073	)	$	—	$	(1,073	)	$	—

Schedule of Fair Value of Financial Instruments

The fair values of the Company’s fixed-rate assets and liabilities were as follows for the periods indicated:



	March 31, 2017				December 31, 2016
	Fair Value		Carrying Value		Fair Value		Carrying Value
Notes receivable from Preferred Operating Partnership unit holders	$	124,837	$	120,230	$	125,642	$	120,230
Fixed rate notes receivable	$	21,649	$	20,608	$	53,450	$	52,201
Fixed rate notes payable and notes payable to trusts	$	2,329,582	$	2,360,128	$	2,404,996	$	2,417,558
Exchangeable senior notes	$	691,554	$	638,170	$	706,827	$	638,170