Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of fair value, assets and liabilities disclosed on a recurring basis

Fair values of financial instruments were as follows (in thousands):

	As of March 31, 2016				As of December 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial Assets:
Cash and cash equivalents	$	251,499	$	251,499	$	74,961	$	74,961
Mortgage loan receivable	3,310		3,310		3,331		3,331
Interest rate swap agreements	—		—		474		474
Financial Liabilities:
Mortgage notes payable, net	$	1,234,599	$	1,245,223	$	1,235,502	$	1,235,553
Notes payable to banks, net	543,196		555,288		542,880		548,414
Interest rate swap agreements	12,824		12,824		9,026		9,026