XML 111 R98.htm IDEA: XBRL DOCUMENT v3.22.0.1
Financial Instruments and Fair Value Measurements - Schedule of Other Financial Instruments Carrying Values and Fair values (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes receivable, net $ 153,886 $ 100,882 $ 114,943 $ 111,775
Mortgage and Other Notes Payable 1,812,238 1,707,844    
Unsecured notes payable and Unsecured line of credit 559,040 420,858    
Level 3 | Carrying Amount        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes receivable, net [1] 153,886 100,882    
Mortgage and Other Notes Payable [1] 1,143,805 1,153,760    
Investment in non-traded equity securities [2] 3,656 1,726    
Level 3 | Estimated Fair Value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes receivable, net [1] 154,093 101,567    
Mortgage and Other Notes Payable [1] 1,125,571 1,134,560    
Investment in non-traded equity securities [2] 4,062 1,456    
Level 2 | Carrying Amount        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Unsecured notes payable and Unsecured line of credit [3] 675,933 559,514    
Level 2 | Estimated Fair Value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Unsecured notes payable and Unsecured line of credit [3] $ 680,171 $ 544,532    
[1] The Company determined the estimated fair value of these financial instruments using a discounted cash flow model with rates that take into account the credit of the borrower or tenant, where applicable, and interest rate risk. The Company also considered the value of the underlying collateral, taking into account the quality of the collateral, the credit quality of the borrower, the time until maturity and the current market interest rate environment
[2] Represents the Operating Partnership’s cost-method investment in Fifth Wall (Note 5)
[3] The Company determined the estimated fair value of the unsecured notes payable and unsecured line of credit using quoted market prices in an open market with limited trading volume where available. In cases where there was no trading volume, the Company determined the estimated fair value using a discounted cash flow model using a rate that reflects the average yield of similar market participants.