Derivatives (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table summarizes the Company’s derivative instruments as of September 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	September 30, 2020		December 31, 2019
Interest rate swaps
Met Park North	1	$	64,500	August 2013	August 2020	3.71%	3.71%	$	—	$	(195)
Hollywood Media Portfolio (formerly Term loan B)	2	350,000		April 2015	April 2022	2.96%	3.46%	(8,440)		(1,596)
Hollywood Media Portfolio (formerly Term loan D)	1	125,000		June 2016	November 2022	2.63%	3.13%	(3,353)		479
Interest rate cap						Strike rate
Hollywood Media Portfolio	1	$	900,000	July 2020	August 2022	3.5%		$	13	$	—
TOTAL								$	(11,780)	$	(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.

+ References

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+ Details