Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive Income (Loss) Note [Text Block]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table details the components of accumulated other comprehensive income (loss) of the Parent Company and the Operating Partnership as of and for the three years ended December 31, 2014 (in thousands):

Parent Company	Cash Flow Hedges
Balance at January 1, 2012	$	(6,079	)
Change during year	(7,338		)
Non-controlling interest — consolidated real estate venture partner’s share of unrealized (gains)/losses on derivative financial instruments	187
Settlement of interest rate swaps	(2,985		)
Reclassification adjustments for (gains)/losses reclassified into operations	297
Balance at December 31, 2012	$	(15,918	)
Change during year	12,789
Non-controlling interest — consolidated real estate venture partner’s share of unrealized (gains)/losses on derivative financial instruments	(152		)
Reclassification adjustments for (gains)/losses reclassified into operations	286
Balance at December 31, 2013	$	(2,995	)
Change during year	(1,190		)
Non-controlling interest — consolidated real estate venture partner’s share of unrealized (gains)/losses on derivative financial instruments	18
Settlement of interest rate swaps	(828		)
Reclassification adjustments for (gains)/losses reclassified into operations	388
Balance at December 31, 2014	$	(4,607	)

Operating Partnership	Cash Flow Hedges
Balance at January 1, 2012	$	(6,426	)
Change during year	(7,338		)
Reclassification adjustments for (gains)/losses reclassified into operations	297
Settlement of interest rate swaps	(2,985		)
Balance at December 31, 2012	$	(16,452	)
Change during year	12,789
Reclassification adjustments for (gains)/losses reclassified into operations	286
Balance at December 31, 2013	$	(3,377	)
Change during year	(1,190		)
Settlement of interest rate swaps	(828		)
Reclassification adjustments for (gains)/losses reclassified into operations	388
Balance at December 31, 2014	$	(5,007	)

Over time, the unrealized gains and losses held in Accumulated Other Comprehensive Income (“AOCI”) will be reclassified to interest expense when the related hedged items are recognized in earnings. The current balance held in AOCI is expected to be reclassified to interest expense for realized losses on forecasted debt transactions over the related term of the debt obligation, as applicable.