Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

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 as of December 31, 2018 and 2017 were as follows (in thousands):



	December 31,
	2018				2017
	Carrying Value		Fair Value		Carrying Value		Fair Value
Indebtedness, net	$	694,239	$	688,437	$	517,272	$	518,417
Notes receivable	138,683		138,683		83,058		83,058
Interest rate swap liabilities	2,474		2,474		69		69
Interest rate swap and cap assets	2,093		2,093		1,525		1,525

- 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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