Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2016				As of December 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial Assets:
Cash and cash equivalents	$	71,838	$	71,838	$	74,961	$	74,961
Mortgage loan receivable	3,289		3,289		3,331		3,331
Interest rate swap agreements	—		—		474		474
Financial Liabilities:
Mortgage notes payable, net	$	1,058,691	$	1,092,792	$	1,235,502	$	1,235,553
Notes payable to banks, net	543,742		556,675		542,880		548,414
Interest rate swap agreements	13,769		13,769		9,026		9,026