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Fair Value Measurements (Tables)
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9 Months Ended |
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Sep. 30, 2013
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| Fair Value Disclosures [Abstract] |
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| Financial Assets at Fair Value on Recurring Basis |
The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 (in thousands): | | | | | | | | | | | | | | | | | | | | Fair Value Hierarchy Level | | Fair Value | | Level 1 | | Level 2 | | Level 3 | September 30, 2013: | | | | | | | | Derivatives: | | | | | | | | Interest rate swaps financial liabilities | $ | (1,070 | ) | | $ | — |
| | $ | (1,070 | ) | | $ | — |
| Interest rate swap financial asset | 61 |
| | — |
| | 61 |
| | — |
| December 31, 2012: | | | | | | | | Derivatives: | | | | | | | | Interest rate swaps financial liabilities | $ | (771 | ) | | $ | — |
| | $ | (771 | ) | | $ | — |
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| Assets at Fair Value on Nonrecurring Basis |
The following table sets forth the Company’s assets that were accounted for at fair value on a nonrecurring basis as of September 30, 2013 and December 31, 2012 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Hierarchy Level | | Impairment Charges | Description | Fair Value | | Dispositions | | Level 1 | | Level 2 | | Level 3 | | September 30, 2013: | | | | | | | | | | | | Long-lived assets held and used | $ | 8,134 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 8,134 |
| | $ | (1,481 | ) | Lease intangible assets | — |
| | — |
| | — |
| | — |
| | — |
| | (487 | ) | Long-lived assets held for sale | 33,404 |
| | (1,157 | ) | | — |
| | — |
| | 34,561 |
| | (4,066 | ) | | | | | | | | | | | | $ | (6,034 | ) | December 31, 2012: | | | | | | | | | | | | Long-lived assets held and used | $ | 27,449 |
| | $ | (425 | ) | | $ | — |
| | $ | — |
| | $ | 27,874 |
| | $ | (7,404 | ) | Lease intangible assets | — |
| | — |
| | — |
| | — |
| | — |
| | (2,680 | ) | Long-lived assets held for sale | 4,184 |
| | (7,983 | ) | | — |
| | — |
| | 12,167 |
| | (3,648 | ) | | | | | | | | | | | | $ | (13,732 | ) |
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| Fair Value Information for Financial Instruments |
The following table discloses fair value information for these financial instruments (in thousands): | | | | | | | | | | | | | | | | | | September 30, 2013 | | December 31, 2012 | | Carrying Value | | Estimated Fair Value | | Carrying Value | | Estimated Fair Value | Loans receivable, net | $ | 119,009 |
| | $ | 126,262 |
| | $ | 51,862 |
| | $ | 69,926 |
| Revolving credit facilities | 151,508 |
| | 148,910 |
| | — |
| | — |
| Mortgages and notes payable | 3,454,935 |
| | 3,648,134 |
| | 1,894,878 |
| | 2,112,670 |
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