XML 60 R43.htm IDEA: XBRL DOCUMENT

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Carrying amounts and fair value of financial instruments

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments in accordance with ASC 820 at December 31, 2016 and 2015.



	December 31,
	2016							2015
	Carrying Amount ⁽¹⁾				Fair Value			Carrying Amount ⁽¹⁾			Fair Value
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	522			522			48			48
Mortgage loans receivable	4,752				4,747			4,875			4,896
Interest rate swap assets	4,546				4,546			400			400
Financial Liabilities:
Unsecured bank credit facilities - variable rate ⁽²⁾	112,020				111,923			150,836			150,670
Unsecured bank credit facilities - fixed rate ⁽²⁾	80,000				79,998			—			—
Unsecured debt ⁽²⁾	655,000				623,147			530,000			509,326
Secured debt ⁽²⁾	258,594				266,585			351,401			366,491
Interest rate swap liabilities	2,578				2,578			3,960			3,960


(1)	Carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions, except as indicated in the notes below.


(2)	Carrying amounts and fair values shown in the table exclude debt issuance costs (see Notes 1(o), 6 and 7 for additional information).