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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Aggregate Amount and Estimated Net Fair Value of Our Derivative Instruments

The following table summarizes the aggregate notional amount and estimated net fair value of our derivative instruments as of December 31, 2016 and December 31, 2015:

 

 

December 31, 2016

 

 

As of December 31, 2015

 

 

 

Notional

 

 

Fair Value of

Assets

 

 

Fair Value of

Liabilities

 

 

Notional

 

 

Fair Value of

Assets

 

 

Fair Value of

Liabilities

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

150,000

 

 

$

3,867

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Interest rate cap

 

 

 

 

 

 

—

 

 

 

—

 

 

 

200,000

 

 

 

24

 

 

 

—

 

 

 

 

150,000

 

 

 

3,867

 

 

 

—

 

 

 

200,000

 

 

 

24

 

 

 

—

 

Freestanding derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap

 

 

200,000

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net fair value

 

$

350,000

 

 

$

3,867

 

 

$

—

 

 

$

200,000

 

 

$

24

 

 

$

—