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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Aggregate Notional Amount and Estimated Net Fair Value of Derivative Instruments

The following table summarizes the aggregate notional amount and estimated net fair value of our derivative instruments as of June 30, 2016 and December 31, 2015:

 

 

 

As of June 30, 2016

 

 

As of December 31, 2015

 

 

 

Notional

 

 

Fair Value of

Assets

 

 

Fair Value of

Liabilities

 

 

Notional

 

 

Fair Value of

Assets

 

 

Fair Value of

Liabilities

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

247,900

 

 

$

 

 

$

(1,950

)

 

$

243,816

 

 

$

 

 

$

(4,672

)

Interest rate cap

 

 

 

 

 

 

 

 

 

 

 

200,000

 

 

 

24

 

 

 

 

Other interest rate swaps & caps

 

 

260,235

 

 

 

53

 

 

 

(2,022

)

 

 

37,325

 

 

 

182

 

 

 

(55

)

Net fair value

 

$

508,135

 

 

$

53

 

 

$

(3,972

)

 

$

481,141

 

 

$

206

 

 

$

(4,727

)