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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Liabilities fair value measured on recurring basis The following table sets forth the assets and liabilities that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2021 and 2020:
Assets/(Liabilities)Total Fair ValueQuoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable InputsSignificant Unobservable Inputs
December 31, 2021
Interest Rate Swap Asset$3,456 $— $3,456 $— 
Interest Rate Swap Liability$(25,108)$— $(25,108)$— 
Corporate Owned Life Insurance Asset$6,875 $— $6,875 $— 
Mutual Funds Asset$5,543 $5,543 $— $— 
December 31, 2020
Interest Rate Swap Liability$(53,975)$— $(53,975)$— 
Corporate Owned Life Insurance Asset$4,454 $— $4,454 $— 
Mutual Funds Asset$6,643 $6,643 $— $— 
Quantitative Information Related to Non-recurring Fair Value Measurements The following table is a summary of the quantitative information related to the non-recurring fair value measurement for the impairment of the Company's real estate properties for the year-ended December 31, 2021:
Range of Inputs or Inputs
Unobservable Inputs:2200 Channahon RoadHouston Westway I
Expected selling price per square foot$8.30$72.90
Estimated hold period
Less than one year
Less than one year
Schedule of carrying values and estimated fair values of financial instruments The Company determined that the mortgage debt valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt.
December 31,
 20212020
 Fair Value
Carrying Value (1)
Fair Value
Carrying Value (1)
BOA Loan$349,082 $375,000 $355,823 $375,000 
BOA/KeyBank Loan260,378 250,000 263,454 250,000 
AIG Loan II120,141 124,606 121,011 126,792 
AIG Loan99,697 101,884 102,033 103,870 
Midland Mortgage Loan95,720 95,792 97,709 98,155 
Samsonite Loan19,366 19,114 21,030 20,165 
HealthSpring Mortgage Loan19,639 19,669 20,462 20,208 
Pepsi Bottling Ventures Loan18,262 18,218 18,942 18,587 
Highway 94 Loan13,360 13,732 14,447 14,689 
Emporia Partners Mortgage Loan— — 1,654 1,627 
Total$995,645 $1,018,015 $1,016,565 $1,029,093 
(1)The carrying values do not include the debt premium/(discount) or deferred financing costs as of December 31, 2021 and 2020. See Note 5, Debt, for details.