XML 43 R34.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measures and Disclosures (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value on a Recurring Basis

The following table presents information about the Company's assets measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as follows (in thousands):

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate caps

 

$

—

 

 

$

9

 

 

$

—

 

 

$

9

 

Cancelable swap

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

$

—

 

 

$

9

 

 

$

—

 

 

$

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate caps

 

$

—

 

 

$

27

 

 

$

—

 

 

$

27

 

Cancelable swap

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

$

—

 

 

$

27

 

 

$

—

 

 

$

27

 
Carrying Amounts and Fair Values of Mortgage Notes Payable

The outstanding balance and estimated fair value of the Company’s mortgage notes payable are as follows (in thousands):

 

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

Outstanding

Balance

 

 

Estimated

Fair

Value

 

 

Outstanding

Balance

 

 

Estimated

Fair

Value

 

Mortgage notes payable

 

$

552,074

 

 

$

545,249

 

 

$

578,826

 

 

$

580,925