Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of fair value, assets and liabilities measured on recurring basis

A summary of the carrying amount and fair value of the Company's financial assets and liabilities as of March 31, 2014 and December 31, 2013 are as follows (in thousands):



	As of March 31, 2014				As of December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial Assets:
Cash and cash equivalents	$	152,236	$	152,236	$	58,678	$	58,678
Mortgage loan	3,481		3,481		3,502		3,502
Interest rate swap agreements	1,809		1,809		2,021		2,021
Financial Liabilities:
Mortgage notes payable	$	1,093,428	$	1,058,279	$	1,097,493	$	1,062,648
Notes payable to banks	245,000		243,288		303,000		302,393
Interest rate swap agreements	8,202		8,202		8,429		8,429