Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of Estimated Fair Value of Derivatives Measured by Level of Fair Value Hierarchy

The Company’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following:

	March 31, 2016								December 31, 2015
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Derivative assets	$	—	$	—	$	—	$	—	$	—	$	2,061	$	—	$	2,061
Derivative liabilities	—		17,664		—		17,664		—		2,010		—		2,010

Fair Value Measurements, Recurring and Nonrecurring

The table below represents the carrying value and fair value of assets and liabilities at:

	March 31, 2016				December 31, 2015
	Carrying  Value		Fair Value		Carrying  Value		Fair Value
Notes payable, net(1)	$	2,098,412	$	2,102,162	$	2,279,755	$	2,284,429
Notes receivable, net	28,788		28,788		28,684		28,684

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(1) Amounts represent total notes payable including unamortized loan premium and excludes net deferred financing fees.