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Derivatives (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments

The following table summarizes the Company’s derivative instruments as of June 30, 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						June 30, 2020						December 31, 2019
Met Park North						1						$	64,500					August 2013						August 2020						3.71%						3.71%						$	(118)					$	(195)
Term loan B						2						350,000						April 2015						April 2022						2.96%						3.46%						(9,867)						(1,596)
Term loan D						1						125,000						June 2016						November 2022						2.63%						3.13%						(3,725)						479
TOTAL						4						$	539,500																													$	(13,710)					$	(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.

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- 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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