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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Estimated Fair Values of Financial Instruments
Fair Value Measurements on a Recurring Basis
(in thousands)
TotalLevel 1Level 2Level 3
September 30, 2020
Assets
Mortgages and notes receivable$24,315 — — $24,315 
Liabilities
Derivative instruments - interest rate swaps$17,256 — — $17,256 
December 31, 2019    
Liabilities
Derivative instruments - interest rate swaps$7,607 $— — $7,607 
The estimated fair values of our financial instruments as of September 30, 2020 and December 31, 2019, respectively, are as follows:
(in thousands)
September 30, 2020December 31, 2019
Carrying AmountFair ValueCarrying AmountFair Value
FINANCIAL ASSETS    
Cash and cash equivalents$16,804 $16,804 $26,579 $26,579 
Restricted cash$2,199 $2,199 $19,538 $19,538 
Mortgage and note receivable(2)
— — $32,810 $32,810 
FINANCIAL LIABILITIES    
Revolving lines of credit(1)
$135,000 $135,000 $50,079 $50,079 
Term loans(1)
$145,000 $145,000 $145,000 $145,000 
Unsecured senior notes$125,000 $131,151 $125,000 $126,816 
Mortgages payable$314,511 $331,423 $331,376 $332,471 
(1)Excluding the effect of interest rate swap agreements. Refer to Note 6 for discussion on the fair value of the interest rate swap agreements.
(2)As of January 1, 2020, we elected the fair value option, as allowed under ASU 2019-05. Fair value for these instruments is discussed within the Fair Value Measurements on a Recurring Basis section above.
Changes in Fair Value Receivables Changes in the fair value of these receivables from period to period are reported in interest and other income on our condensed consolidated statements of operations.
(in thousands)
Fair Value Measurement at September 30, 2020Other Gains (Losses)Interest
Income		Total Changes in Fair Value Included in Current-Period Earnings
Three months ended September 30,
Mortgage loans and notes receivable$24,315 $3 $260 $263 
Nine months ended September 30,
Mortgage loans and notes receivable$24,315 $8 $1,114 $1,122