Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following are assets and liabilities measured at fair value on a recurring basis as of December 31, 2017:



	Fair Value Measurements
	Total		Level 1		Level 2		Level 3
December 31, 2017	(In thousands)
Derivative financial instruments designated as cash flow hedges:
Classified as assets in "Other assets, net"	$	1,506	$	—	$	1,506	$	—
Classified as liabilities in "Other liabilities, net"	2,640		—		2,640		—
Derivative financial instruments not designated as cash flow hedges:
Classified as assets in "Other assets, net"	$	635	$	—	$	635	$	—
Classified as liabilities in "Other liabilities, net"	$	22	$	—	$	22	$	—

Schedule of Financial Instruments and Liabilities as Reflected on Balance Sheet

As of December 31, 2017 and 2016, all financial instruments and liabilities were reflected in our balance sheets at amounts which, in our estimation, reasonably approximated their fair values, except for the following:



	December 31, 2017				December 31, 2016
	Carrying Amount ⁽¹⁾		Fair Value		Carrying Amount ⁽¹⁾		Fair Value
	(In thousands)
Financial liabilities:
Mortgages payable	$	2,035,959	$	2,060,899	$	1,167,618	$	1,192,267
Revolving credit facility	115,751		115,768		—		—
Unsecured term loan	50,000		50,029		—		—

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⁽¹⁾ The carrying amount consists of principal only.