Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Summary of Fair Value of Financial Instruments Measured on Recurring Basis Using Unobservable Inputs

A summary of the face values, carrying amounts and fair values of the Company’s financial instruments as of September 30, 2015 and December 31, 2014 using Level 2 inputs, for the senior unsecured notes payable, and Level 3 inputs, for all other financial instruments, is as follows (dollars in thousands):



	September 30, 2015						December 31, 2014
	Face Value		Carrying Amount		Fair Value		Face Value		Carrying Amount		Fair Value
Financial assets:
Preferred equity investment	$	7,500	$	8,229	$	8,229	$	7,500	$	7,532	$	7,532
Financial liabilities:
Senior unsecured notes payable	$	260,000	$	260,000	$	266,500	$	260,000	$	260,000	$	265,200
Mortgage notes payable	$	95,696	$	95,696	$	98,128	$	98,205	$	98,205	$	101,822