Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

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:



	Fair Value Measurements
	Total		Level 1		Level 2		Level 3
June 30, 2019	(In thousands)
Derivative financial instruments designated as cash flow hedges:
Classified as assets in "Other assets, net"	$	77	$	—	$	77	$	—
Classified as liabilities in "Other liabilities, net"	20,628		—		20,628		—
Derivative financial instruments not designated as cash flow hedges:
Classified as assets in "Other assets, net"	2		—		2		—

December 31, 2018
Derivative financial instruments designated as cash flow hedges:
Classified as assets in "Other assets, net"	$	7,913	$	—	$	7,913	$	—
Classified as liabilities in "Other liabilities, net"	1,723		—		1,723		—
Derivative financial instruments not designated as cash flow hedges:
Classified as assets in "Other assets, net"	2,470		—		2,470		—

Schedule of Financial Instruments and Liabilities as Reflected on Balance Sheet

As of June 30, 2019 and December 31, 2018, 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:



	June 30, 2019				December 31, 2018
	Carrying Amount ⁽¹⁾		Fair Value		Carrying Amount ⁽¹⁾		Fair Value
	(In thousands)
Financial liabilities:
Mortgages payable	$	1,363,977	$	1,402,515	$	1,844,652	$	1,870,078
Unsecured term loans	300,000		300,908		300,000		300,727

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⁽¹⁾ The carrying amount consists of principal only