XML 36 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Fair value of assets and liabilities measured on recurring basis
The following tables set forth the assets that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2018:
 
Total Fair Value
Quoted Prices in Active Markets for Identical Assets and Liabilities
Significant Other Observable Inputs
Significant Unobservable Inputs
Interest Rate Swaps at:
 
 
 
 
March 31, 2018
$
1,029

$

$
1,029

$

December 31, 2017
$
1,032

$

$
1,032

$

The Company determined that the mortgage loan 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, and there were no transfers into and out of fair value measurement levels during the three months ended March 31, 2018 and for the year ended December 31, 2017.
 
March 31, 2018
 
December 31, 2017
 
Fair Value
 
Carrying Value (1)
 
Fair Value
 
Carrying Value (1)
AIG Loan
$
120,372

 
$
126,970

 
$
122,928

 
$
126,970

(1)
The carrying value of the AIG Loan does not include deferred financing costs as of March 31, 2018 and December 31, 2017. See Note 4, Debt, for details.