Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Deferred Financing Costs, Net of Accumulated Amortization

	March 31,		December 31,
(dollars in thousands)	2018		2017
	(unaudited)
Deferred financing costs	$	9,759	$	9,775
Accumulated amortization		(2,398)		(1,908)
Deferred financing costs, net	$	7,361	$	7,867

Deferred Leasing Costs, Net of Accumulated Amortization

	March 31,		December 31,
(dollars in thousands)	2018		2017
	(unaudited)
Deferred leasing costs	$	56,563	$	54,868
Accumulated amortization		(21,526)		(20,956)
Deferred leasing costs, net	$	35,037	$	33,912

Schedule of interest rate derivatives and their fair values

Interest rate derivatives and their fair values as of March 31, 2018 and December 31, 2017 were as follows (unaudited and in thousands):

Notional Amount				Fixed One Month			Fair Value
March 31, 2018		December 31, 2017		LIBOR rate per annum	Effective Date	Expiration Date	March 31, 2018		December 31, 2017
$	25,000	$	25,000	1.989%	January 2, 2018	December 17, 2021	$	453	$	100
	100,000		100,000	1.989%	January 2, 2018	December 17, 2021		1,822		401
	75,000		75,000	1.989%	January 2, 2018	December 17, 2021		1,366		298
	50,000		50,000	2.033%	January 2, 2018	April 27, 2022		940		158
	100,000		100,000	2.029%	January 2, 2018	April 27, 2022		1,908		337
	50,000		50,000	2.033%	January 2, 2018	April 27, 2022		942		155
$	400,000	$	400,000				$	7,431	$	1,449

Fixed debt arrangements

Deferred Financing Costs, Net of Accumulated Amortization

	March 31,		December 31,
(dollars in thousands)	2018		2017
	(unaudited)
Deferred financing costs	$	12,715	$	12,675
Accumulated amortization		(1,510)		(1,039)
Deferred financing costs, net	$	11,205	$	11,636