Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2016

Financial Assets and Liabilities Measured at Fair Value

The fair values of these assets and liabilities at September 30, 2016 and December 31, 2015 were as follows (in thousands):



	September 30, 2016								December 31, 2015
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Assets:
SERP	$	1,619	$	—	$	1,619	$	—	$	1,408	$	—	$	1,408	$	—
Liabilities:
Interest rate swaps	$	4,870	$	—	$	4,870	$	—	$	550	$	—	$	550	$	—

Financial Assets and Liabilities Not Measured at Fair Value

As of September 30, 2016 and December 31, 2015, the carrying values and estimated fair values of our financial instruments were as follows (in thousands):



	September 30, 2016				December 31, 2015
	Carrying Value		Fair Value		Carrying Value		Fair Value
Cash and cash equivalents	$	8,588	$	8,588	$	23,825	$	23,825
Restricted cash	10,091		10,091		13,383		13,383
2445 M Street note receivable	3,513		3,568		3,849		4,275
Mortgage notes payable, net	251,232		256,055		418,052		426,693
Lines of credit	125,000		125,000		105,000		105,000
Notes payable, net	744,063		784,643		743,181		753,816