Derivatives (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table summarizes the Company’s derivative instruments as of March 31, 2019 and December 31, 2018:


						Interest Rate Range⁽¹⁾				Fair Value Asset
Underlying Debt Instrument	Number of Hedges	Notional Amount		Effective Date	Maturity Date	Low	High	March 31, 2019		December 31, 2018
Met Park North	1	$	64,500	August 2013	August 2020	3.71%	3.71%	$	141	$	350
Term loan A⁽²⁾	2	300,000		July 2016	April 2020	2.65%	3.06%	2,813		4,038
Term loan B⁽²⁾	2	350,000		April 2015	April 2022	2.96%	3.46%	4,264		7,543
Term loan D⁽²⁾	1	125,000		June 2016	November 2022	2.63%	3.13%	3,245		4,756
TOTAL	6	$	839,500					$	10,463	$	16,687

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1.The rate is based on the fixed rate from the swap and the spread based on the operating partnership’s leverage ratio.

2.Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. Interest rates are as of March 31, 2019, which may be different than the interest rates in prior periods for corresponding indebtedness.

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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+ Details