Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Carrying Amounts and Fair Values of Financial Instruments Measured based on Level Two Inputs

The carrying amounts and fair values of the Company’s financial instruments, all of which are based on Level 2 inputs, as of December 31, 2014 and 2013 were as follows (in thousands):


	December 31,
	2014				2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured debt	$	359,229	$	366,095	$	277,745	$	273,310
Interest rate swap liabilities		11		11		16		16
Interest rate cap assets		260		260		102		102

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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