Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

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 as of:

	March 31, 2018								December 31, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Derivative assets(1)	$	—	$	21,922	$	—	$	21,922	$	—	$	12,586	$	—	$	12,586
Derivative liabilities	—		—		—		—		—		265		—		265

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(1) Included in the prepaid expenses and other assets line item on the Consolidated Balance Sheets.

Schedule of carrying value and fair value of notes payable

The table below represents the carrying value and fair value of the Company’s notes payable as of:

	March 31, 2018				December 31, 2017
	Carrying Value		Fair Value		Carrying Value	Fair Value
Unsecured notes payable(1)(2)	$	1,894,296	$	1,856,896	1,974,278	$	1,960,560
Secured notes payable	365,782		356,935		464,311	458,441

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(1) Amounts represent notes payable excluding net deferred financing costs.

(2) The $400.0 million registered senior notes were issued at a discount. The discount, net of amortization, was $704 thousand and $722 thousand at March 31, 2018 and December 31, 2017, respectively, and is included within unsecured notes payable.