Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Liabilities fair value measured on recurring basis

The following tables set forth the liabilities that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of September 30, 2016 and December 31, 2015:

Liabilities	Total Fair Value			Quoted Prices in Active Markets for Identical Assets and Liabilities		Significant Other Observable Inputs			Significant Unobservable Inputs
Interest Rate Swaps at:
September 30, 2016	$	(23,250	)	$	—	$	(23,250	)	$	—
December 31, 2015	$	(6,394	)	$	—	$	(6,394	)	$	—

Schedule of carrying values and estimated fair values of financial instruments

The fair value of the six mortgage loans in the table below is estimated by discounting each loan’s principal balance over the remaining term of the mortgage using current borrowing rates available to the Company for debt instruments with similar terms and maturities. The Company determined that the mortgage debt valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt.

	September 30, 2016				December 31, 2015
	Fair Value		Carrying Value (1)		Fair Value		Carrying Value (1)
Plainfield mortgage loan	$	19,441	$	19,027	$	20,240	$	19,295
Midland mortgage loan	107,894		105,600		107,154		105,600
AIG loan	118,521		110,640		114,747		110,640
Highway 94 mortgage loan	17,476		18,376		17,658		18,968
Samsonite mortgage loan	25,323		23,984		26,044		24,561
HealthSpring mortgage loan	22,541		22,260		—		—

(1) The carrying value of the Midland, Highway 94, Samsonite, HealthSpring property mortgage loans, and the AIG loan does not include the debt premium/discount or deferred financing costs as of September 30, 2016 and December 31, 2015. See Note 5, Debt, for details.