Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017 and 2016 were as follows (in thousands):



	December 31,
	2017				2016
	Carrying Value		Fair Value		Carrying Value		Fair Value
Indebtedness, net	$	517,272	$	518,417	$	522,180	$	527,414
Interest rate swap liabilities	69		69		829		829
Interest rate swap and cap assets	1,525		1,525		259		259

- 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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