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Risk Management and Use of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Schedule of derivative instruments in statement of financial position, fair value | The following table summarizes the terms and fair values of the Company’s derivative financial instruments as of December 31, 2015 and December 31, 2014. The notional amounts provide an indication of the extent of the Company’s involvement in these instruments at that time, but do not represent exposure to credit, interest rate or market risks (amounts presented in thousands and included in other liabilities on the Company’s consolidated balance sheets).
Hedge Product |  | Hedge Type |  | Designation |  | Notional Amount |  |  | Strike |  |  | Trade Date |  | Maturity Date |  | Fair value |
|  |  |  |  |  | 12/31/2015 |  |  | 12/31/2014 |  |  |  |  |  |  |  |  |  |  | 12/31/2015 |  |  | 12/31/2014 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap |  | Interest Rate |  | Cash Flow | (a), (b) | $ | 250,000 |  |  | $ | - |  |  |  | 3.718 | % |  | October 8, 2015 |  | October 8, 2022 |  | $ | 1,884 |  |  | $ | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap |  | Interest Rate |  | Cash Flow | (a), (b) | $ | - |  |  | $ | 200,000 |  |  |  | 3.623 | % |  | December 6-13, 2011 |  | February 1, 2019 |  | $ | - |  |  | $ | (2,649 | )
Swap |  | Interest Rate |  | Cash Flow | (a) |  | 25,774 |  |  |  | 25,774 |  |  |  | 3.300 | % |  | December 22, 2011 |  | January 30, 2021 |  |  | (531 | ) |  |  | (334 | )
Swap |  | Interest Rate |  | Cash Flow | (a) |  | 25,774 |  |  |  | 25,774 |  |  |  | 3.090 | % |  | January 6, 2012 |  | October 30, 2019 |  |  | (388 | ) |  |  | (254 | )
Swap |  | Interest Rate |  | Cash Flow | (a) |  | 27,062 |  |  |  | 27,062 |  |  |  | 2.750 | % |  | December 21, 2011 |  | September 30, 2017 |  |  | (201 | ) |  |  | (253 | )
|  |  |  |  |  | $ | 328,610 |  |  | $ | 278,610 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(a) | Hedging unsecured variable rate debt.
(b) | On October 8, 2015, the Company amended its $200.0 million seven-year term loan maturing February 1, 2019, increasing the term loan by an additional $50.0 million and lengthening the maturity date to October 8, 2022 (See Note 7, “Debt Obligations”). In connection with the amendment, the Company settled associated interest rate swap contracts and incurred a settlement fee of $5.3 million. The associated debt was not repaid, accordingly the settlement fee was recorded within other comprehensive income and will be amortized as interest expense through October 8, 2022. The Company entered into new hedging contracts consisting of $250.0 million interest rate swaps maturing through October 8, 2022 (shown above).

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 + Details
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