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Summary Of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2020
Summary Of Significant Accounting Policies [Line Items]  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
The Company follows the authoritative guidance for fair value measurements when valuing its financial instruments for disclosure purposes. The table below presents the financial instruments that are being valued for disclosure purposes as well as the Level they are categorized at (as defined in Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“ASC 820”)).
Financial Instrument
Level
Unsecured senior notes (1)
Level 1
Related party note receivable
Level 3
Note receivable
Level 3
Mortgage notes payable
Level 3
Unsecured term loan / line of credit
Level 3
_______________
(1) If trading value for the period is low, the valuation could be categorized as Level 2.
Because the Company’s valuations of its financial instruments are based on the above Levels and involve the use of estimates, the actual fair values of its financial instruments may differ materially from those estimates.
The following table identifies the range and weighted average of significant unobservable inputs for the Company’s Level 3 fair value measured instruments.
Financial Instrument
Level
Range
Weighted Average
Related party note receivable
Level 3
4.49%
4.49%
Note receivable
Level 3
3.62%
3.62%
Mortgage notes payable
Level 3
2.82% - 3.25%
2.91%
Unsecured term loan / line of credit
Level 3
1.84%
1.84%
Fair Value, by Balance Sheet Grouping [Table Text Block] The following table presents the aggregate carrying value of the Company’s related party note receivable, net, note receivable, net, mortgage notes payable, net, unsecured senior notes, net, unsecured line of credit and unsecured term loan, net and the Company’s corresponding estimate of fair value as of March 31, 2020 and December 31, 2019 (in thousands):
 
March 31, 2020
 
December 31, 2019
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
Related party note receivable, net
$
78,800

 
$
83,707

 
$
80,000

 
$
81,931

Note receivable, net
15,794

 
15,593

 
15,920

 
14,978

Total
$
94,594

 
$
99,300

 
$
95,920

 
$
96,909

 
 
 
 
 
 
 
 
Mortgage notes payable, net
$
2,919,157

 
$
3,054,533

 
$
2,922,408

 
$
2,984,956

Unsecured senior notes, net
8,393,009

 
8,449,511

 
8,390,459

 
8,826,375

Unsecured line of credit
250,000

 
249,873

 
—

 
—

Unsecured term loan, net
499,058

 
500,506

 
498,939

 
500,561

Total
$
12,061,224

 
$
12,254,423

 
$
11,811,806

 
$
12,311,892