Disclosure About Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests

The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed at fair value within the fair value hierarchy:

			Level 1		Level 2		Level 3
	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Fair Value at September 30, 2022:
Assets:
Mortgages and notes receivable, at fair value (1)	$	1,103	$	—	$	1,103	$	—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,364		2,364		—		—
Impaired real estate assets	1,665		—		—		1,665
Total Assets	$	5,132	$	2,364	$	1,103	$	1,665
Noncontrolling Interests in the Operating Partnership	$	64,219	$	64,219	$	—	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,630,788	$	—	$	2,630,788	$	—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,364		2,364		—		—
Total Liabilities	$	2,633,152	$	2,364	$	2,630,788	$	—

Fair Value at December 31, 2021:
Assets:
Mortgages and notes receivable, at fair value (1)	$	1,227	$	—	$	1,227	$	—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,866		2,866		—		—
Total Assets	$	4,093	$	2,866	$	1,227	$	—
Noncontrolling Interests in the Operating Partnership	$	111,689	$	111,689	$	—	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,907,492	$	—	$	2,907,492	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	60		—		60		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,866		2,866		—		—
Total Liabilities	$	2,910,418	$	2,866	$	2,907,552	$	—

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(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets at September 30, 2022 and December 31, 2021.