Fair Value Measurement of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

March 31, 2019 and December 31, 2018, respectively (in thousands):

	March 31, 2019					December 31, 2018
Financial Instrument	Carrying Value		Estimated Fair Value		Level Within Fair Value Hierarchy	Carrying Value		Estimated Fair Value		Level Within Fair Value Hierarchy
Assets:
Cash and cash equivalents(1)	$	4,625	$	4,625	Level 1	$	4,571	$	4,571	Level 1
Tenant receivables(1)	$	11,693	$	11,693	Level 1	$	10,800	$	10,800	Level 1
Restricted cash and escrows(1)	$	1,433	$	1,433	Level 1	$	1,463	$	1,463	Level 1
Interest rate swaps	$	554	$	554	Level 2	$	1,199	$	1,199	Level 2
Liabilities:
Accounts payable and accrued expenses(1)	$	10,238	$	10,238	Level 1	$	47,328	$	47,328	Level 1
Interest rate swaps	$	2,443	$	2,443	Level 2	$	839	$	839	Level 2
Debt, net	$	1,565,755	$	1,586,900	Level 2	$	1,685,472	$	1,698,213	Level 2

⁽¹⁾  For the periods presented, the carrying value of these financial instruments approximates estimated fair value due to their short-term maturity.