Financial Instruments: Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018 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	1.131	%	July 2016	July 2023	Other Assets	$	11,148
Interest Rate Swap	100,000		1.161	%	July 2016	July 2023	Other Assets	5,447
Interest Rate Cap	137,500		4.000	%	September 2017	September 2019	Other Assets	—
Interest Rate Swap	100,000		1.928	%	December 2017	November 2020	Other Assets	1,045
Interest Rate Swap	100,000		1.934	%	December 2017	November 2020	Other Assets	1,035
Interest Rate Swap	150,000		2.696	%	January 2019	January 2024	Other Liabilities	(1,858		)
Interest Rate Swap	150,000		2.721	%	January 2019	January 2026	Other Liabilities	(2,450		)
Interest Rate Swap	200,000		2.740	%	January 2019	January 2026	Other Liabilities	(3,354		)
								$	11,013

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, 2018, 2017, and 2016, 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) Gain Recognized in Income on Derivative	Amount of (Loss) Gain  Recognized into Income (Ineffective Portion)
	Year Ended December 31,									Year Ended December 31,							Year Ended December 31,
Derivative	2018			2017			2016			2018		2017		2016			2018			2017		2016
Interest Rate Swaps/Caps	$	(2,284	)	$	(2,282	)	$	14,616	Interest expense	$	609	$	1,821	$	9,521	Interest expense	$	(559	)	$	5	$	(28	)
Share of unconsolidated joint ventures' derivative instruments	(1,788		)	(200		)	2,012		Equity in net income from unconsolidated joint ventures	726		1,035		1,981		Equity in net income from unconsolidated joint ventures	(371		)	55		785
	$	(4,072	)	$	(2,482	)	$	16,628		$	1,335	$	2,856	$	11,502		$	(930	)	$	60	$	757