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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Financial Instrument Carrying Amounts and Fair Values The table below summarizes the carrying amounts and fair value of these financial instruments as of March 31, 2020 and December 31, 2019.
 
 
 
As of March 31, 2020
 
As of December 31, 2019
(Amounts in thousands)
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Assets:
 
 

 
 

 
 

 
 

Cash and cash equivalents
 
$
622,667

 
$
622,667

 
$
432,954

 
$
432,954

Liabilities:
 
 

 
 

 
 

 
 

Mortgages payable(1)
 
$
1,626,443

 
$
1,627,178

 
$
1,556,248

 
$
1,590,503

Unsecured credit facility
 
250,000

 
250,000

 

 


(1) Carrying amounts exclude unamortized debt issuance costs of $9.6 million and $10.1 million as of March 31, 2020 and December 31, 2019, respectively.