Fair Value (Tables)

9 Months Ended

Sep. 30, 2021

Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of September 30, 2021 and December 31, 2020:


		Total Fair Value		Level 2
	Balance Sheet Location
September 30, 2021		(In thousands)
Derivative assets - interest rate swaps	Other assets	$	—	$	—
Derivative liabilities - interest rate swaps	Other liabilities	$	(6,563)	$	(6,563)
December 31, 2020
Derivative assets - interest rate swaps	Other assets	$	—	$	—
Derivative liabilities - interest rate swaps	Other liabilities	$	(14,468)	$	(14,468)

Schedule of Recorded Amount of Real Estate Assets Measured at Fair Value on a Nonrecurring Basis

The table below presents the recorded amount of assets at the time they were marked to fair value during the nine months ended September 30, 2021 and 2020 on a nonrecurring basis. We did not have any material liabilities that were required to be measured at fair value on a nonrecurring basis during the nine months ended September 30, 2021 and 2020:


Assets	Total Fair Value		Level 1		Level 2		Level 3		Total Impairment
	(In thousands)
2021
Income producing properties	$	1,543	$	—	$	—	$	1,543	$	(5)
Total	$	1,543	$	—	$	—	$	1,543	$	(5)

2020
None