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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

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Fair Value Measurements

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Total

    

Level 1

    

Level 2

    

Level 3

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(In thousands)

March 31, 2020

 

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Derivative financial instruments designated as cash flow hedges:

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Classified as liabilities in "Other liabilities, net"

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$

50,169

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—

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$

50,169

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—

Derivative financial instruments not designated as cash flow hedges:

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Classified as assets in "Other assets, net"

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63

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—

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63

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December 31, 2019

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Derivative financial instruments designated as cash flow hedges:

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Classified as liabilities in "Other liabilities, net"

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$

17,440

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—

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$

17,440

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—

Schedule of Financial Instruments and Liabilities as Reflected on Balance Sheet

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March 31, 2020

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December 31, 2019

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Carrying

    

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Carrying

    

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Amount (1)

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Fair Value

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Amount (1)

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Fair Value

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(In thousands)

Financial liabilities:

 

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Mortgages payable

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$

1,300,626

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$

1,223,797

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$

1,127,848

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$

1,162,890

Revolving credit facility

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200,000

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196,930

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200,000

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200,177

Unsecured term loans

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300,000

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296,208

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300,000

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300,607

(1)The carrying amount consists of principal only.