Interest Rate Derivatives (Tables)

12 Months Ended

Dec. 31, 2019

Interest Rate Derivative Agreements [Abstract]

Summary of Partnership's Interest Rate Derivatives

The following table summarizes the Partnership’s interest rate derivatives as of December 31, 2019 and 2018:

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate (1)			Index	Variable Debt Financing Facility Hedged (1)	Counterparty	Fair Value as of December 31, 2019
July 2015		27,033,788	Aug 2020		3.0	%	SIFMA	TOB Trusts	Wells Fargo Bank		-
July 2015		27,033,788	Aug 2020		3.0	%	SIFMA	TOB Trusts	Royal Bank of Canada		-
July 2015		27,033,788	Aug 2020		3.0	%	SIFMA	TOB Trusts	SMBC Capital Markets, Inc		-
June 2017		81,101,364	Aug 2020		1.5	%	SIFMA	TOB Trusts	Barclays Bank PLC		4,090
Sept 2017		58,090,000	Sept 2020		4.0	%	SIFMA	TOB Trusts	Barclays Bank PLC		-
Aug 2019		79,333,280	Aug 2024		4.5	%	SIFMA	M31 TEBS	Barclays Bank PLC		6,821
										$	10,911

(1) For additional details, see Note 23 to the Partnership’s consolidated financial statements.

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate (2)			Index	Variable Debt Financing Facility Hedged (2)	Counterparty	Fair Value as of December 31, 2018
July 2014	$	30,252,409	Aug 2019		3.0	%	SIFMA	M31 TEBS	Barclays Bank PLC	$	-
July 2014		30,252,409	Aug 2019		3.0	%	SIFMA	M31 TEBS	Royal Bank of Canada		-
July 2014		30,252,409	Aug 2019		3.0	%	SIFMA	M31 TEBS	SMBC Capital Markets, Inc		-
July 2015		27,359,689	Aug 2020		3.0	%	SIFMA	M33 TEBS	Wells Fargo Bank		536
July 2015		27,359,689	Aug 2020		3.0	%	SIFMA	M33 TEBS	Royal Bank of Canada		536
July 2015		27,359,689	Aug 2020		3.0	%	SIFMA	M33 TEBS	SMBC Capital Markets, Inc		536
June 2017		90,757,226	Aug 2019		1.5	%	SIFMA	M31 TEBS	Barclays Bank PLC		158,989
June 2017		82,079,066	Aug 2020		1.5	%	SIFMA	M33 TEBS	Barclays Bank PLC		465,983
Sept 2017		59,038,000	Sept 2020		4.0	%	SIFMA	M24 TEBS	Barclays Bank PLC		53
										$	626,633

(2) For additional details, see Note 23 to the Partnership’s consolidated financial statements.