Risk Management and Use of Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments And Hedging Activities Disclosure [Abstract]

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

The following table summarizes the terms and fair values of the Company’s derivative financial instruments as of December 31, 2017 and December 31, 2016. The notional amounts provide an indication of the extent of the Company’s involvement in these instruments at that time but do not represent exposure to credit, interest rate or market risks (amounts presented in thousands).

Hedge Product	Hedge Type	Designation		Notional Amount				Strike			Trade Date	Maturity Date	Fair value
				12/31/2017		12/31/2016							12/31/2017		12/31/2016
Assets/(Liabilities)
Swap	Interest Rate	Cash Flow	(a)	$	250,000	$	250,000		3.718	%	October 8, 2015	October 8, 2022	$	5,694	$	3,733
Swap	Interest Rate	Cash Flow	(a)		25,774		25,774		3.300	%	December 22, 2011	January 30, 2021		25		(300	)
Swap	Interest Rate	Cash Flow	(a)		25,774		25,774		3.090	%	January 6, 2012	October 30, 2019		59		(214	)
Swap	Interest Rate	Cash Flow	(b)		-		27,062		2.750	%	December 21, 2011	September 30, 2017		-		(83	)
				$	301,548	$	328,610

(a) Hedging unsecured variable rate debt.

(b) On September 30, 2017, the interest rate hedge contract for this swap expired. Subsequent to this expiration, the debt bears interest at a variable rate of LIBOR + 1.25%.