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Derivatives (Tables)
 3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table summarizes the Company’s derivative instruments as of March 31, 2018:
 
 
 
 
 
 
 
 
 
 
Strike Rate Range(1)
 
 
Underlying Debt Instrument
 
Number of Hedges
 
Notional Amount
 
Effective Date
 
Maturity Date
 
Low
 
High
 
Fair Value
Met Park North
 
1
 
$
64,500

 
Aug 2013
 
August 2020
 
2.16%
 
2.16%
 
$
322

Term Loan A(2)
 
2
 
300,000

 
July 2016
 
April 2020
 
2.56%
 
3.06%
 
5,313

Term Loan B(3)
 
2
 
350,000

 
July 2016
 
April 2022
 
2.96%
 
3.46%
 
10,143

Term Loan D(4)
 
1
 
125,000

 
June 2016
 
November 2022
 
2.63%
 
3.13%
 
6,144

_____________ 
(1)
The rate is based on the operating partnership’s leverage ratio.
(2)
On March 13, 2018, the underlying debt instrument that was hedged was amended. Prior to the amendment, the interest was effectively fixed at 2.75% to 3.65%.
(3)
On March 13, 2018, the underlying debt instrument that was hedged was amended. Prior to the amendment, the interest was effectively fixed at 3.36% to 4.31%.
(4)
On March 13, 2018, the underlying debt instrument that was hedged was amended. Prior to the amendment, the interest was effectively fixed at 3.03% to 3.98%.