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Derivatives (Tables)
9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments The following table summarizes the Company’s derivative instruments as of September 30, 2018:
Strike Rate Range(1)
Underlying Debt Instrument
Number of Hedges
Notional Amount
Effective Date
Maturity Date
Low
High
Fair Value
Met Park North $64,500 August 2013 August 2020 2.16%  2.16%  $731 
Term loan A(2)
300,000 July 2016 April 2020 2.56%  3.06%  5,748 
Term loan B(3)
350,000 July 2016 April 2022 2.96%  3.46%  13,267 
Term loan D(4)
125,000 June 2016 November 2022 2.63%  3.13%  7,242 
TOTAL $839,500 $26,988 
_____________ 
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 rate 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 rate 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 rate was effectively fixed at 3.03% to 3.98%.