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Fair Value of Assets and Liabilities (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value
The table below presents assets measured at fair value during 2018, categorized by the level of inputs used in the valuation of the assets (dollars in thousands):
 
 
 
 
Fair Value at March 31, 2018 Using
 
 
 
 
Quoted Prices in Active Markets for
Identical Assets
 
Significant Other
Observable Inputs
 
Significant Unobservable
Inputs
Description
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Recurring Fair Value Measurements:
 
 
 
 
 
 
 
 
Interest rate cap contract
 
$
84

 
$

 
$
84

 
$

Marketable securities
 
$
247,879

 
$
247,879

 
$

 
$

Schedule of Fair Value and Carrying Value of Financial Instruments
At March 31, 2018 and December 31, 2017, the fair value of these additional financial instruments were not materially different from their carrying values, except as follows (in thousands):
 
March 31, 2018
 
December 31, 2017
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Senior unsecured debt and mortgage notes payable
$
681,675

 
$
693,328

 
$
856,940

 
$
874,280