Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table summarizes the Company’s derivative instruments as of March 31, 2020 and December 31, 2019:


						Interest Rate Range⁽¹⁾				Fair Value (Liabilities) Assets
Underlying Debt Instrument	Number of Hedges	Notional Amount		Effective Date	Maturity Date	Low	High	March 31, 2020		December 31, 2019
Met Park North	1	$	64,500	August 2013	August 2020	3.71%	3.71%	$	(350)	$	(195)
Term loan B	2	350,000		April 2015	April 2022	2.96%	3.46%	(9,774)		(1,596)
Term loan D	1	125,000		June 2016	November 2022	2.63%	3.13%	(3,391)		479
TOTAL	4	$	539,500					$	(13,515)	$	(1,312)

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

- 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