Fair Value Measurements (Tables)
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12 Months Ended |
Dec. 31, 2020 |
| Fair Value Disclosures [Abstract] |
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| Fair Value Measurements, Nonrecurring |
The following table sets forth the Company’s assets that were accounted for at fair value on a nonrecurring basis as of their respective measurement dates (in thousands):
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Fair Value Hierarchy Level |
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Assets held at December 31, 2020 |
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Impaired at March 31, 2020 |
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$ |
36,491 |
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$ |
— |
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$ |
— |
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$ |
36,491 |
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Impaired at June 30, 2020 |
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$ |
8,055 |
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$ |
— |
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$ |
— |
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$ |
8,055 |
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Impaired at September 30, 2020 |
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$ |
10,027 |
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$ |
— |
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$ |
— |
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$ |
10,027 |
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Impaired at December 31, 2020 |
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$ |
14,259 |
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$ |
— |
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$ |
— |
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$ |
14,259 |
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Assets held at December 31, 2019 |
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Impaired at June 30, 2019 |
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$ |
1,893 |
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$ |
— |
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$ |
— |
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$ |
1,893 |
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Impaired at September 30, 2019 |
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$ |
1,093 |
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$ |
— |
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$ |
— |
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$ |
1,093 |
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Impaired at December 31, 2019 |
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$ |
11,594 |
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$ |
— |
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$ |
— |
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$ |
11,594 |
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| Fair Value Inputs of Long-Lived Assets Held and Used and Held for Sale |
The unobservable inputs for the remaining properties are as follows:
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Price Per Square Foot Range |
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Weighted Average Price Per Square Foot |
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Retail |
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11 |
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$16.67 - $338.98 |
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$43.32 |
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577,945 |
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Retail |
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10 |
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$4.35 - $282.08 |
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$57.62 |
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431,563 |
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Office |
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1 |
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$79.80 - $103.79 |
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$89.25 |
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28,804 |
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Retail |
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10 |
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$50.71 |
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165,773 |
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Office |
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1 |
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$ 99.37 |
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$99.37 |
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4,310 |
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Retail |
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4 |
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$104.84 |
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35,885 |
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| Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments |
The following table discloses fair value information for these financial instruments (in thousands):
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$ |
— |
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$ |
— |
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$ |
34,465 |
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$ |
35,279 |
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— |
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— |
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116,500 |
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119,802 |
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177,309 |
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177,884 |
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— |
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— |
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Senior Unsecured Notes , net (1) |
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1,927,348 |
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2,122,409 |
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1,484,066 |
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1,543,919 |
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Mortgages and notes payable, net (1) |
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212,582 |
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226,240 |
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216,049 |
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235,253 |
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Convertible Notes, net (1) |
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189,102 |
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194,124 |
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336,402 |
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356,602 |
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The carrying value of the debt instruments are net of unamortized deferred financing costs and certain debt discounts/premiums. |
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