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Note 12 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value, by Balance Sheet Grouping [Table Text Block]

	March 31, 2019				December 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
Notes payable, net (1)	$	4,383,413	$	4,302,177	$	4,381,456	$	4,126,450
Mortgages and construction loan payable, net (2)	$	485,341	$	483,412	$	492,416	$	486,341

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Balance at March 31, 2019		Level 1		Level 2	Level 3
Assets:
Marketable equity securities	$	10,705	$	10,705	$	$	-

	Balance at December 31, 2018		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	9,045	$	9,045	$	-	$	-

	Balance at March 31, 2019		Level 1		Level 2		Level 3

Real estate	$	13,700	$	-	$	-	$	13,700

	Balance at December 31, 2018		Level 1		Level 2		Level 3

Real estate	$	99,693	$	-	$	-	$	99,693
Investments in real estate joint ventures (1)	$	62,429	$	-	$	-	$	62,429

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details