Financial Instruments: Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of notional and fair value of derivative financial instruments and foreign currency hedges

The following table summarizes the notional value at inception and fair value of our consolidated derivative financial instruments at December 31, 2016 based on Level 2 information. The notional value is an indication of the extent of our involvement in these instruments at that time, but does not represent exposure to credit, interest rate or market risks (amounts in thousands).

	Notional Value		Strike Rate		Effective Date	Expiration Date	Balance Sheet Location	Fair Value
Interest Rate Swap	$	200,000	0.938	%	October 2014	December 2017	Other Assets	$	11
Interest Rate Swap	150,000		0.940	%	October 2014	December 2017	Other Assets	5
Interest Rate Swap	150,000		0.940	%	October 2014	December 2017	Other Assets	5
Interest Rate Swap	14,409		0.500	%	January 2015	January 2017	Other Assets	2
Interest Rate Swap	8,018		0.852	%	February 2015	February 2017	Other Liabilities	(1		)
Interest Rate Cap	137,500		4.000	%	September 2015	September 2017	Other Assets	—
Interest Rate Cap	1,450,000		4.750	%	May 2016	May 2017	Other Assets	—
Interest Rate Swap	200,000		1.131	%	July 2016	July 2023	Other Assets	10,293
Interest Rate Swap	100,000		1.161	%	July 2016	July 2023	Other Assets	4,963
Interest Rate Cap	23,199		4.500	%	October 2016	October 2017	Other Assets	—
Interest Rate Swap	5,000		2.160	%	December 2016	December 2026	Other Assets	77
Interest Rate Swap	225,000		2.185	%	January 2017	January 2027	Other Assets	3,223
Interest Rate Swap	25,000		2.185	%	January 2017	January 2027	Other Assets	358
Interest Rate Swap	150,000		2.183	%	January 2017	January 2027	Other Assets	2,153
								$	21,089

Schedule of effect of derivative financial instruments on consolidated statements of income

The following table presents the effect of our derivative financial instruments and our share of our joint ventures' derivative financial instruments that are designated and qualify as hedging instruments on the consolidated statements of operations for the years ended December 31, 2016, 2015, and 2014, respectively (in thousands):

	Amount of (Loss) Gain Recognized in Other Comprehensive Loss (Effective Portion)								Location of (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income	Amount of Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)						Location of (Loss) or Gain Recognized in Income on Derivative	Amount of (Loss) or Gain  Recognized into Income (Ineffective Portion)
	Year Ended December 31,									Year Ended December 31,							Year Ended December 31,
Derivative	2016		2015			2014				2016		2015		2014			2016			2015			2014
Interest Rate Swaps/Caps	$	14,616	$	(11,607	)	$	(703	)	Interest expense	$	9,521	$	10,892	$	6,431	Interest expense	$	(28	)	$	(422	)	$	4
Share of unconsolidated joint ventures' derivative instruments	2,012		(1,779		)	2,916			Equity in net income from unconsolidated joint ventures	1,981		1,265		1,999		Equity in net income from unconsolidated joint ventures	785			(19		)	—
	$	16,628	$	(13,386	)	$	2,213			$	11,502	$	12,157	$	8,430		$	757		$	(441	)	$	4