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Note 12 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value, by Balance Sheet Grouping [Table Text Block]

	September 30 , 2018				December 31, 2017
	Carrying Amounts		Estimated Fair Value		Carrying Amounts		Estimated Fair Value
Notes payable, net (1)	$	4,409,500	$	4,136,860	$	4,596,140	$	4,601,479
Mortgages and construction loan payable, net (2)	$	477,974	$	468,585	$	882,787	$	881,427

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Balance at September 30 , 2018		Level 1		Level 2	Level 3
Assets:
Marketable equity securities	$	10,769	$	10,769	$	$	-

	Balance at December 31, 2017		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	11,936	$	11,936	$	-	$	-
Liabilities:
Interest rate swap	$	344	$	-	$	344	$	-

	Balance at September 30 , 2018		Level 1		Level 2		Level 3

Real estate	$	79,955	$	-	$	-	$	79,955
Investments in real estate joint ventures (1)	$	62,429	$	-	$	-	$	62,429

	Balance at December 31, 2017		Level 1		Level 2		Level 3

Real estate	$	108,313	$	-	$	-	$	108,313

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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