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Fair Value Disclosures (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
The following is a summary of the fair value of our mortgages, construction loans payable, other debt and Exchangeable Senior Notes aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):
 
 
 
Estimated Fair Value
 
 
 
 
 
 
Quoted Prices in
 
 
 
 
 
 
 
 
 
 
 
 
Active Markets
 
 
 
 
 
 
 
 
 
 
 
 
for Identical
 
Significant Other
 
Significant
 
 
 
 
 
 
Assets and
 
Observable
 
Unobservable
 
 
 
 
 
 
Liabilities
 
Inputs
 
Inputs
 
 
 
 
March 31, 2014
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Carrying Value
 
Fixed-rate mortgage loans
 
$
-
 
$
170,462
 
$
-
 
$
164,894
 
Variable-rate mortgage loans
 
 
-
 
 
16,790
 
 
-
 
 
16,806
 
Construction loans
 
 
-
 
 
41,967
 
 
-
 
 
42,046
 
Exchangeable Senior Notes
 
 
-
 
 
96,939
 
 
-
 
 
96,906
 
Other Debt
 
 
-
 
 
2,408
 
 
-
 
 
2,394
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-rate mortgage loans
 
 
-
 
 
161,379
 
 
-
 
 
165,393
 
Variable-rate mortgage loans
 
 
-
 
 
-
 
 
-
 
 
-
 
Construction loans
 
 
-
 
 
40,258
 
 
-
 
 
40,138
 
Exchangeable Senior Notes
 
 
-
 
 
98,547
 
 
-
 
 
96,758
 
Other Debt
 
 
-
 
 
2,671
 
 
-
 
 
2,694