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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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)

June 30, 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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$

52,558

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—

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$

52,558

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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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46

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—

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46

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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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June 30, 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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$

1,318,568

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$

1,338,592

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$

1,127,848

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$

1,162,890

Revolving credit facility

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500,000

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492,477

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200,000

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200,177

Unsecured term loans

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400,000

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395,281

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300,000

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300,607

(1)The carrying amount consists of principal only.