Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of fair value and carrying value of financial instruments

At March 31, 2020 and December 31, 2019, the fair values of our financial instruments approximated their carrying values in our condensed consolidated financial statements, due to their short term nature or floating interest rates, except as follows:



	As of March 31, 2020				As of December 31, 2019
Financial Instrument	Carrying Value ⁽¹⁾		Fair Value		Carrying Value ⁽¹⁾		Fair Value
Senior unsecured notes, 3.60% interest rate, due in 2020	$	—	$	—	$	399,934	$	400,048
Senior unsecured notes, 4.00% interest rate, due in 2022	297,887		294,464		297,657		306,096
Senior unsecured notes, 4.15% interest rate, due in 2022	298,059		292,616		297,795		307,221
Senior unsecured notes, 4.25% interest rate, due in 2024	340,588		337,227		340,018		364,602
Senior unsecured notes, 4.50% interest rate, due in 2025	381,987		361,020		381,055		419,578
Senior unsecured notes, 5.875% interest rate, due in 2046	301,007		248,000		300,920		322,028
Mortgage notes payable ⁽²⁾	244,252		254,619		323,074		331,675
Total	$	1,863,780	$	1,787,946	$	2,340,453	$	2,451,248


(1)	Includes unamortized debt premiums, discounts and issuance costs totaling $41,486 and $45,756 as of March 31, 2020 and December 31, 2019, respectively.


(2)	Balance as of December 31, 2019 includes one mortgage note with a carrying value of $13,128 net of unamortized issuance costs totaling $38 which is classified in liabilities of properties held for sale in our condensed consolidated balance sheet. This mortgage note was secured by a property in Fairfax, VA that was sold in March 2020. The mortgage note was repaid at closing.