Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2019

Financial Assets and Liabilities Measured at Fair Value

The fair values of these assets and liabilities at March 31, 2019 and December 31, 2018 were as follows (in thousands):



	March 31, 2019										December 31, 2018
	Fair Value			Level 1		Level 2			Level 3		Fair Value			Level 1		Level 2			Level 3
Assets:
SERP	$	1,476		$	—	$	1,476		$	—	$	1,364		$	—	$	1,364		$	—
Interest rate swaps	7,587			—		7,587			—		10,638			—		10,638			—
Liabilities:
Interest rate swaps	$	(1,917	)	$	—	$	(1,917	)	$	—	$	(799	)	$	—	$	(799	)	$	—

Financial Assets and Liabilities Not Measured at Fair Value

As of March 31, 2019 and December 31, 2018, the carrying values and estimated fair values of our financial instruments were as follows (in thousands):



	March 31, 2019				December 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
Cash and cash equivalents	$	12,025	$	12,025	$	6,016	$	6,016
Restricted cash	1,368		1,368		1,624		1,624
Mortgage notes payable, net	58,805		59,973		59,792		60,398
Line of credit	228,000		228,000		188,000		188,000
Notes payable, net	995,750		1,018,430		995,397		1,015,210