Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured or disclosed at fair value are as follows:


	Fair Value	Fair Value
	Hierarchy	June 30, 2021		December 31, 2020
		(In thousands)
Measured at fair value on a recurring basis:




Cross-currency swap asset	Level 2	$	5	$	—
Cross-currency swap liability	Level 2	$	4,594	$	9,611








Disclosed at fair value:
Mortgage notes, senior unsecured notes and term loans(1)	Level 3	$	2,706,589	$	2,827,440

(1)The carrying value of mortgage notes, senior unsecured notes and term loans is disclosed in Note 6.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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