Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Schedule of Fair Value Measurement Inputs

The following tables present the Company's assets and liabilities measured at fair value on a recurring and non-recurring basis as of June 30, 2019 and December 31, 2018, aggregated by the level in the fair value hierarchy within which those measurements fall:

		Balance		Fair Value Measurements Using
Description		June 30, 2019		(Level 1)		(Level 2)		(Level 3)
Impaired properties held for sale	(1)	$	2,700	$	—	$	1,500	$	1,200

		Balance		Fair Value Measurements Using
Description		December 31, 2018		(Level 1)		(Level 2)		(Level 3)
Interest rate swap assets	(2)	$	76	$	—	$	76	$	—
Impaired real estate assets	(3)	$	35,036	$	—	$	—	$	35,036

(1) Represents a non-recurring fair value measurement. Fair value as of the date of the impairment was determined by the signed purchase agreement for the property located in Albany, GA and an internal valuation of fair value prepared for the property located in Watertown, NY.

(2) The interest rate swap assets related to the Company's $300,000 term loan expired in January 2019.

(3)

Represents a non-recurring fair value measurement as of the date of impairment.

Schedule of Carrying Amounts and Fair Value of Financial Instruments

The table below sets forth the carrying amounts and estimated fair values of the Company's financial instruments as of June 30, 2019 and December 31, 2018, excluding held for sale assets.

	As of June 30, 2019				As of December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Liabilities
Debt	$	1,410,106	$	1,362,438	$	1,492,483	$	1,409,773