Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Fair Value, Liabilities Measured on Recurring Basis

The following table presents information about the Company's assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of March 31, 2014 and December 31, 2013, aggregated by the level in the fair value hierarchy within which those instruments fall:



(In thousands)	Quoted Prices in Active Markets Level 1		Significant Other Observable Inputs Level 2			Significant Unobservable Inputs Level 3		Total
March 31, 2014
Interest rate swaps, net	$	—	$	(511	)	$	—	$	(511	)
Investment securities	$	1,172	$	—		$	—	$	1,172
December 31, 2013
Interest rate swaps, net	$	—	$	(385	)	$	—	$	(385	)
Investment securities	$	1,048	$	—		$	—	$	1,048

Fair Value, by Balance Sheet Grouping

The fair values of the Company's financial instruments that are not reported at fair value on the consolidated balance sheet are reported below.



		Carrying Amount at		Fair Value at		Carrying Amount at		Fair Value at
(In thousands)	Level	March 31, 2014		March 31, 2014		December 31, 2013		December 31, 2013
Mortgage notes payable	3	$	172,599	$	173,277	$	172,716	$	173,427
Credit facility	3	$	305,000	$	305,000	$	305,000	$	305,000
Preferred equity investment	3	$	30,000	$	30,000	$	30,000	$	30,000

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References+ Details