Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

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 June 30, 2015 and December 31, 2014, 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
June 30, 2015
Interest rate swaps, net	$	—	$	(1,741	)	$	—	$	(1,741	)
Investment securities	$	3,563	$	—		$	—	$	3,563
December 31, 2014
Interest rate swaps, net	$	—	$	(1,071	)	$	—	$	(1,071	)
Investment securities	$	4,659	$	—		$	—	$	4,659

The following table presents information about the Company's OPP, which is measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which the instrument falls:

(In thousands)	Quoted Prices in Active Markets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
June 30, 2015
OPP	$	—	$	—	$	23,800	$	23,800
December 31, 2014
OPP	$	—	$	—	$	29,100	$	29,100

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	June 30, 2015		June 30, 2015		December 31, 2014		December 31, 2014
Mortgage notes payable	3	$	171,998	$	173,315	$	172,242	$	174,468
Credit facility	3	$	635,000	$	637,865	$	635,000	$	651,579
Preferred equity investment	3	$	—	$	—	$	35,100	$	34,800