Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Schedule of Fair Values of Financial Assets and Liabilities Measured at Fair Value

The table below aggregates the fair values of these financial assets and liabilities as of December 31, 2017 and 2016, based on their levels in the fair value hierarchy.

	As of December 31, 2017
(Amounts in thousands)	Total		Level 1		Level 2		Level 3
Marketable securities	$	29,039	$	29,039	$	-	$	-
Interest rate swap assets (included in "other assets")		9,855		-		9,855		-
Total assets	$	38,894	$	29,039	$	9,855	$	-
Interest rate swap liabilities (included in "other liabilities")	$	317	$	-	$	317	$	-
Total liabilities	$	317	$	-	$	317	$	-
	As of December 31, 2016
(Amounts in thousands)	Total		Level 1		Level 2		Level 3
Marketable securities	$	22,393	$	22,393	$	-	$	-
Interest rate swap assets (included in "other assets")		139		-		139		-
Total assets	$	22,532	$	22,393	$	139	$	-
Interest rate swap liabilities (included in "other liabilities")	$	22,446	$	-	$	22,446	$	-
Total liabilities	$	22,446	$	-	$	22,446	$	-

Summary of Carrying Amounts and Fair Value of Financial Instruments

The following is a summary of the carrying amounts and fair value of these financial instruments as of December 31, 2017 and 2016.

	As of December 31, 2017				As of December 31, 2016
(Amounts in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Preferred equity investments	$	35,817	$	36,112	$	55,051	$	55,300
Total assets	$	35,817	$	36,112	$	55,051	$	55,300
	As of December 31, 2017				As of December 31, 2016
(Amounts in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Notes and mortgages payable	$	3,583,100	$	3,596,953	$	3,408,179	$	3,371,262
Revolving credit facility		-		-		230,000		230,018
Total liabilities	$	3,583,100	$	3,596,953	$	3,638,179	$	3,601,280