Fair Value (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The fair value of the Company's debt was as follows (in thousands):

	September 30, 2019				December 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior Notes	$	501,778	$	540,618	$	505,322	$	492,554
Revolver and Term Loans, net	1,170,438		1,176,459		1,169,165		1,175,000
Mortgage loans, net	527,085		537,225		528,189		528,404
Debt, net	$	2,199,301	$	2,254,302	$	2,202,676	$	2,195,958

Schedule of fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 (in thousands):

	Fair Value at September 30, 2019
	Level 1		Level 2			Level 3		Total
Interest rate swap asset	$	—	$	2,273		$	—	$	2,273
Interest rate swap liability	—		(30,190		)	—		(30,190		)
Total	$	—	$	(27,917	)	$	—	$	(27,917	)

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 (in thousands):

	Fair Value at December 31, 2018
	Level 1		Level 2			Level 3		Total
Interest rate swap asset	$	—	$	17,215		$	—	$	17,215
Interest rate swap liability	—		(1,020		)	—		(1,020		)
Total	$	—	$	16,195		$	—	$	16,195