Interest Rate Derivative Agreements (Tables)

6 Months Ended

Jun. 30, 2017

Interest Rate Derivative Agreements [Abstract]

Summary of Interest Rate Derivatives, Excluding Interest Rate Swaps

The following represents the interest rate derivatives, excluding interest rate swaps, at June 30, 2017:

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate			Index	Variable Debt Financing Facility Hedged	Counterparty	Fair Value - Asset (Liability) (1)
Sept 2010	$	29,609,667	Sept 2017		3.0	%	SIFMA	M24 TEBS	Bank of New York Mellon	$	-
Sept 2010		29,609,667	Sept 2017		3.0	%	SIFMA	M24 TEBS	Barclays Bank PLC		-
Sept 2010		29,609,667	Sept 2017		3.0	%	SIFMA	M24 TEBS	Royal Bank of Canada		-
Aug 2013		88,829,000	Sept 2017		1.5	%	SIFMA	M24 TEBS	Deutsche Bank		-
July 2014		30,850,250	Aug 2019		3.0	%	SIFMA	M31 TEBS	Barclays Bank PLC		1,002
July 2014		30,850,250	Aug 2019		3.0	%	SIFMA	M31 TEBS	Royal Bank of Canada		1,002
July 2014		30,850,250	Aug 2019		3.0	%	SIFMA	M31 TEBS	SMBC Capital Markets, Inc		1,002
July 2015		27,813,538	Aug 2020		3.0	%	SIFMA	M33 TEBS	Wells Fargo Bank		12,207
July 2015		27,813,538	Aug 2020		3.0	%	SIFMA	M33 TEBS	Royal Bank of Canada		12,207
July 2015		27,813,538	Aug 2020		3.0	%	SIFMA	M33 TEBS	SMBC Capital Markets, Inc		12,207
June 2017		92,550,751	Aug 2019		1.5	%	SIFMA	M31 TEBS	Barclays Bank PLC		105,269
June 2017		83,440,615	Aug 2020		1.5	%	SIFMA	M33 TEBS	Barclays Bank PLC		376,893
										$	521,789

⁽¹⁾ For additional details, see Note 22 to the Partnership's condensed consolidated financial statements.

Summary of Interest Rate Swaps

The following table summarizes the terms of the interest rate swaps at June 30, 2017 and December 31, 2016:

Purchase Date	Notional Amount		Effective Date	Termination Date	Fixed Rate Paid			Period End Variable Rate Received			Variable Rate & Index	Counterparty	June 30, 2017 - Fair Value of Liability			December 31, 2016 - Fair Value of Liability
Sept 2014	$	22,899,450	Oct 2016	Oct 2021		1.96	%		0.85	%	70% 30-day LIBOR	Deutsche Bank	$	(652,598	)	$	(738,574	)
Sept 2014		18,108,276	April 2017	April 2022		2.06	%		0.85	%	70% 30-day LIBOR	Deutsche Bank		(630,839	)		(600,709	)
													$	(1,283,437	)	$	(1,339,283	)