Disclosure About Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests [Table Text Block]

The following table sets forth our assets and liabilities and the Company's noncontrolling interests in the Operating Partnership that are measured at fair value within the fair value hierarchy.



			Level 1		Level 2		Level 3
	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Fair Value at September 30, 2016:
Assets:
Mortgages and notes receivable, at fair value (1)	$	9,525	$	—	$	9,525	$	—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,426		2,426		—		—
Total Assets	$	11,951	$	2,426	$	9,525	$	—
Noncontrolling Interests in the Operating Partnership	$	148,005	$	148,005	$	—	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	1,941,317	$	—	$	1,941,317	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	8,701		—		8,701		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,426		2,426		—		—
Total Liabilities	$	1,952,444	$	2,426	$	1,950,018	$	—



Fair Value at December 31, 2015:
Assets:
Mortgages and notes receivable, at fair value (1)	$	2,096	$	—	$	2,096	$	—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,736		2,736		—		—
Tax increment financing bond (in real estate and other assets, net, held for sale) (2)	11,197		—		—		11,197
Total Assets	$	16,029	$	2,736	$	2,096	$	11,197
Noncontrolling Interests in the Operating Partnership	$	126,429	$	126,429	$	—	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,517,589	$	—	$	2,517,589	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	3,073		—		3,073		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,736		2,736		—		—
Financing obligation, at fair value (in liabilities held for sale) (1) (2)	7,402		—		—		7,402
Total Liabilities	$	2,530,800	$	2,736	$	2,520,662	$	7,402

__________

(1) Amounts recorded at historical cost on our Consolidated Balance Sheets at September 30, 2016 and December 31, 2015.

(2) Sold during the first quarter of 2016 in conjunction with the sales of the Plaza assets.

Fair Value Measurements, Unobservable Inputs Reconciliation [Table Text Block]

The following table sets forth the changes in our Level 3 asset, which was recorded at fair value on our Consolidated Balance Sheets:



	Three Months Ended September 30,					Nine Months Ended September 30,
	2016		2015			2016			2015
Asset:
Tax Increment Financing Bond:
Beginning balance	$	—	$	12,641		$	11,197		$	12,447
Assigned to the buyer of the Plaza assets	—		—			(11,197		)	—
Unrealized gains/(losses) (in AOCL)	—		(7		)	—			187
Ending balance	$	—	$	12,634		$	—		$	12,634

Fair Value Measurements, Valuation Techniques [Table Text Block]

The following table sets forth quantitative information about the unobservable input of our Level 3 asset, which was recorded at fair value on our Consolidated Balance Sheets:



	Valuation Technique	Unobservable Input	Rate as of
	Valuation Technique	Unobservable Input	December 31, 2015
Asset:
Tax increment financing bond	Income approach	Discount rate	6.93%