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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017 and December 31, 2016:

 

 

As of March 31, 2017

 

 

As of December 31, 2016

 

 

 

Notional

 

 

Fair Value of

Assets

 

 

Fair Value of

Liabilities

 

 

Notional

 

 

Fair Value of

Assets

 

 

Fair Value of

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate caps

 

$

28,960

 

 

$

133

 

 

$

-

 

 

$

28,960

 

 

$

135

 

 

$

-

 

Other interest rate swaps

 

 

15,175

 

 

 

124

 

 

 

-

 

 

 

15,175

 

 

 

71

 

 

 

-

 

Net fair value

 

$

44,135

 

 

$

257

 

 

$

-

 

 

$

44,135

 

 

$

206

 

 

$

-