Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities 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 June 30, 2014 and December 31, 2013 (in thousands):
 
 
 
Fair Value Hierarchy Level
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
June 30, 2014:
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swaps financial liabilities
$
(1,365
)
 
$
—

 
$
(1,365
)
 
$
—

December 31, 2013:
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swaps financial liabilities
$
(792
)
 
$
—

 
$
(792
)
 
$
—
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 June 30, 2014 and December 31, 2013 (in thousands):
 
 
 
 
 
Fair Value Hierarchy Level
 
Impairment
Charges (1)
Description
Fair Value
 
Dispositions
 
Level 1
 
Level 2
 
Level 3
 
June 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
Long-lived assets held and used
$
34,257

 
$
—

 
$
—

 
$
—

 
$
34,257

 
$
(17,844
)
Lease intangible assets
2,631

 
—

 
—

 
—

 
2,631

 
(3,457
)
Long-lived assets held for sale
23,110

 
—

 
—

 
—

 
23,110

 
(8,033
)
 
 
 
 
 
 
 
 
 
 
 
$
(29,334
)
December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
Lease intangible assets
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
(182
)
Long-lived assets held for sale
11,198

 
(26,832
)
 
—

 
—

 
38,030

 
(7,134
)
 
 
 
 
 
 
 
 
 
 
 
$
(7,316
)

(1) Impairment charges are presented for the six months ended June 30, 2014 and for the year ended December 31, 2013.
Schedule Of Carrying Amount And Estimated Fair Value Of Financial Instruments
The following table discloses fair value information for these financial instruments (in thousands): 
 
June 30, 2014
 
December 31, 2013
 
Carrying
Value
 
Estimated
Fair Value
 
Carrying
Value
 
Estimated
Fair Value
Loans receivable, net
$
113,321

 
$
121,670

 
$
117,721

 
$
131,587

Revolving credit facilities, net
15,528

 
15,711

 
35,120

 
34,911

Mortgages and notes payable, net
3,202,853

 
3,279,436

 
3,743,098

 
3,892,621

Convertible senior notes, net (1)
691,711

 
747,066

 
—

 
—


(1) The carrying amount of the convertible senior notes is net of an embedded conversion premium totaling $55.8 million.