Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Measurements

Summary of assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurements
	Total		Level 1		Level 2		Level 3
	(In thousands)
March 31, 2021
Derivative financial instruments designated as cash flow hedges:
Classified as liabilities in "Other liabilities, net"	$	34,181		—	$	34,181		—
Derivative financial instruments not designated as cash flow hedges:
Classified as assets in "Other assets, net"		167		—		167		—
December 31, 2020
Derivative financial instruments designated as cash flow hedges:
Classified as liabilities in "Other liabilities, net"	$	44,222		—	$	44,222		—
Derivative financial instruments not designated as cash flow hedges:
Classified as assets in "Other assets, net"		35		—		35		—

Schedule of financial instruments and liabilities were reflected in our balance sheets

	March 31, 2021				December 31, 2020
	Carrying				Carrying
	Amount (1)		Fair Value		Amount (1)		Fair Value
	(In thousands)
Financial liabilities:
Mortgages payable	$	1,601,635	$	1,614,367	$	1,603,869	$	1,606,470
Unsecured term loans		400,000		400,354		400,000		399,678

(1) The carrying amount consists of principal only.