Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives Designated as Cash Flow Hedges

As of December 31, 2014, we had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional Amount (in thousands)
Interest rate swap	2	$171,498

Schedule of Derivative Financial Instruments at Fair Value

The table below presents the fair value of our derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2014 and 2013 (amounts in thousands):

		Fair Value as of December 31,
Interest Rate Derivative Designated as Hedging Instrument	Balance Sheet Location	2014		2013
Pay-fixed swaps	Accounts payable and accrued expenses	$	7,462	$	11,706

Schedule of Gain or Loss Recognized on Interest Rate Derivatives Designated as Cash Flow Hedges

The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2014, 2013 and 2012 (amounts in thousands):

	Year Ended December 31,
	2014			2013			2012
Balance at beginning of year	$	(11,706	)	$	(16,624	)	$	(15,796	)
Amount of loss recognized in cumulative other comprehensive loss	(776		)	(103		)	(5,790		)
Amount of loss reclassified from cumulative other comprehensive loss into interest expense	5,020			5,021			4,962
Unrealized gain (loss) on derivative instruments	4,244			4,918			(828		)
Balance at end of year	$	(7,462	)	$	(11,706	)	$	(16,624	)