Disclosure About Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

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, 2015:
Assets:
Mortgages and notes receivable, at fair value (1)	$	2,132	$	—	$	2,132	$	—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,008		3,008		—		—
Tax increment financing bond (in prepaid expenses and other assets)	12,634		—		—		12,634
Total Assets	$	17,774	$	3,008	$	2,132	$	12,634
Noncontrolling Interests in the Operating Partnership	$	112,768	$	112,768	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,520,419	$	—	$	2,520,419	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	5,535		—		5,535		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,008		3,008		—		—
Financing obligation, at fair value (1)	7,283		—		—		7,283
Total Liabilities	$	2,536,245	$	3,008	$	2,525,954	$	7,283



Fair Value at December 31, 2014:
Assets:
Mortgages and notes receivable, at fair value (1)	$	13,142	$	—	$	2,247	$	10,895
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,635		3,635		—		—
Tax increment financing bond (in prepaid expenses and other assets)	12,447		—		—		12,447
Total Assets	$	29,224	$	3,635	$	2,247	$	23,342
Noncontrolling Interests in the Operating Partnership	$	130,048	$	130,048	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,141,334	$	—	$	2,141,334	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	2,412		—		2,412		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,635		3,635		—		—
Financing obligation, at fair value (as revised) (1)	8,623		—		—		8,623
Total Liabilities (as revised)	$	2,156,004	$	3,635	$	2,143,746	$	8,623

__________

(1) Amounts recorded at historical cost on our Consolidated Balance Sheets at September 30, 2015 and December 31, 2014.

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

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



	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015		2014
Asset:
Tax Increment Financing Bond:
Beginning balance	$	12,641		$	13,673	$	12,447	$	13,403
Unrealized gains/(losses) (in AOCL)	(7		)	23		187		293
Ending balance	$	12,634		$	13,696	$	12,634	$	13,696

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 is recorded at fair value on our Consolidated Balance Sheets:



	Valuation Technique	Unobservable Input	Rate as of
	Valuation Technique	Unobservable Input	September 30, 2015	December 31, 2014
Asset:
Tax increment financing bond	Income approach	Discount rate	7.7%	8.4%