Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021 and December 31, 2020 were as follows (in thousands):


	June 30, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
Indebtedness, net	$	964,396	$	982,663	$	963,845	$	980,714
Notes receivable, net	112,446		112,446		135,432		135,223
Interest rate swap liabilities	10,414		10,414		14,853		14,853
Interest rate swap and cap assets	595		595		90		90

- 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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