Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2017

Designated as Hedging Instrument [Member]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Interest Rate Derivatives

As of June 30, 2017 and December 31, 2016, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (dollar amounts in thousands):

Interest Rate Swaps	June 30, 2017		December 31, 2016
Number of Instruments	7		14
Notional Amount	$	578,917	$	690,816

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification in the consolidated balance sheets as of June 30, 2017 and December 31, 2016 (in thousands):

Derivatives Designated as Hedging Instruments	Balance Sheet Location	June 30, 2017			December 31, 2016
Interest rate swaps	Rent and tenant receivables and other assets, net	$	12		$	3
Interest rate swaps	Deferred rent, derivative and other liabilities	$	(1,514	)	$	(3,547	)

Not Designated as Hedging Instrument [Member]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Interest Rate Derivatives

As of June 30, 2017 and December 31, 2016, the Company had the following outstanding interest rate derivative that was not designated as a qualifying hedging relationship (dollar amounts in thousands):

Interest Rate Swap	June 30, 2017		December 31, 2016
Number of Instruments	1		1
Notional Amount	$	51,400	$	51,400

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below presents the fair value of the Company’s derivative financial instrument not designated as a hedge as well as its classification in the consolidated balance sheets as of June 30, 2017 and December 31, 2016 (in thousands):

Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	June 30, 2017		December 31, 2016
Interest rate swaps	Rent and tenant receivables and other assets, net	$	302	$	196

Schedule of Offsetting Assets

The table below details a gross presentation, the effects of offsetting and a net presentation of the Company’s derivatives as of June 30, 2017 and December 31, 2016 (in thousands). The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value.

	Offsetting of Derivative Assets and Liabilities
	Gross Amounts of Recognized Assets		Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Assets Presented in the Consolidated Balance Sheets		Net Amounts of Liabilities Presented in the Consolidated Balance Sheets			Financial Instruments		Cash Collateral Received		Net Amount
June 30, 2017	$	314	$	(1,514	)	$	—	$	314	$	(1,514	)	$	—	$	—	$	(1,200	)
December 31, 2016	$	199	$	(3,547	)	$	—	$	199	$	(3,547	)	$	—	$	—	$	(3,348	)

Schedule of Offsetting Liabilities

The table below details a gross presentation, the effects of offsetting and a net presentation of the Company’s derivatives as of June 30, 2017 and December 31, 2016 (in thousands). The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value.

	Offsetting of Derivative Assets and Liabilities
	Gross Amounts of Recognized Assets		Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Assets Presented in the Consolidated Balance Sheets		Net Amounts of Liabilities Presented in the Consolidated Balance Sheets			Financial Instruments		Cash Collateral Received		Net Amount
June 30, 2017	$	314	$	(1,514	)	$	—	$	314	$	(1,514	)	$	—	$	—	$	(1,200	)
December 31, 2016	$	199	$	(3,547	)	$	—	$	199	$	(3,547	)	$	—	$	—	$	(3,348	)