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Derivatives and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of the Company's Derivative Financial Instruments and Classification on the Balance Sheets
The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the condensed consolidated balance sheets:
 
As of September 30, 2019
As of December 31, 2018
 
Balance Sheet Location
 
Fair Value
Balance Sheet Location
 
Fair Value
Derivatives designated as hedging instruments
 
 
 
 
 
 
Interest Rate Swaps
Accounts Payable and Other Liabilities
 
$
(5,549
)
Other Assets
 
$
76
Effect of the Company's Derivative Financial Instruments on the Statements of Operation
The table below presents the effect of the Company's derivative financial instruments on the unaudited condensed consolidated statements of operations for the nine months ended September 30, 2019 and 2018.
Derivatives in Cash Flow
 
Amount of Gain (Loss)
Recognized in OCI on Derivatives (Effective Portion)
September 30,
 
Amount of Income
Reclassified from Accumulated OCI into Income
(Effective Portion)(1)
September 30,
Hedging Relationships
 
2019
 
2018
 
2019
 
2018
Interest Rate Swaps
 
$
(5,326
)
 
$
600

 
$
(299
)
 
$
(1,013
)

(1)
Amounts reclassified from accumulated other comprehensive income to interest expense within the unaudited condensed consolidated statement of operations.