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Derivatives (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The fair market value of derivatives is presented on a gross basis on the Consolidated Balance Sheets. The following table summarizes the Company’s derivative instruments as of December 31, 2020 and December 31, 2019:

Underlying Debt Instrument						Number of Derivatives						Notional Amount						Effective Date						Maturity Date						Interest Rate Range(1)												Fair Value (Liabilities)/Assets
																														Low						High						2020						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		%				(7,112)						(1,596)
Hollywood Media Portfolio (formerly Term Loan D)						1						125,000						June 2016						November 2022						2.63		%				3.13		%				(2,994)						479
Interest rate cap																														Strike rate
Hollywood Media Portfolio						1						$	900,000					July 2020						August 2022						3.50%												$	5					$	—
TOTAL																																										$	(10,101)					$	(1,312)

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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.

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- References

No definition available.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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