Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of fair value, assets and liabilities measured on recurring basis

A summary of the carrying amount and fair value of the Company's financial assets and liabilities as of September 30, 2014 and December 31, 2013 is as follows (in thousands):



	As of September 30, 2014				As of December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial Assets:
Cash and cash equivalents	$	127,857	$	127,857	$	58,678	$	58,678
Mortgage loan receivable	3,438		3,438		3,502		3,502
Interest rate swap agreements	1,693		1,693		2,021		2,021
Financial Liabilities:
Mortgage notes payable	$	1,107,628	$	1,093,419	$	1,097,493	$	1,062,648
Notes payable to banks	350,000		345,272		303,000		302,393
Interest rate swap agreements	8,721		8,721		8,429		8,429