Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [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 December 31, 2020 and 2019, aggregated by the level in the fair value hierarchy within which those measurements fall:

			Fair Value Measurements Using
Description	2020		(Level 1)		(Level 2)		(Level 3)
Interest rate swap liabilities	$	(17,963)	$	—	$	(17,963)	$	—
Impaired real estate assets (1)	$	21,141	$	—	$	2,480	$	18,661

(1)    Represents non-recurring fair value measurement. The fair value is calculated as of the impairment date. $2,480 was based on an observable contract thus Level 2. The Company measured $18,661 of these fair values based on discounted cash flow analysis, using a hold period of ten years, a discount rate of 9.0% and residual capitalization rates ranging from 8.0% to 9.0%. As significant inputs to the models are unobservable, the Company determined that the value determined for these properties falls within Level 3 of the fair value reporting hierarchy.

			Fair Value Measurements Using
Description	2019		(Level 1)		(Level 2)		(Level 3)
Interest rate swap liabilities	$	(1,928)	$	—	$	(1,928)	$	—
Impaired real estate assets (1)	$	4,846	$	—	$	—	$	4,846

(1)    Represents a non-recurring fair value measurement. The fair value is calculated 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 December 31, 2020 and 2019:

	As of December 31, 2020				As of December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Liabilities
Debt	$	1,341,242	$	1,368,151	$	1,311,977	$	1,276,589