Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016 and 2015 were as follows (in thousands):



	December 31,
	2016				2015
	Carrying Value		Fair Value		Carrying Value		Fair Value
Indebtedness, net	$	522,180	$	527,414	$	377,593	$	384,691
Interest rate swap liabilities	829		829		1,082		1,082
Interest rate cap assets	259		259		164		164

- 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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