Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The fair values of the interest rate swaps as of December 31, 2019 and 2018, are as follows (in thousands):

	Aggregate Notional Amount		Effective Date		Fair Value
					Derivative Assets (Liabilities)
					December 31,
Derivative Instrument				Maturity Date	2019			2018
Interest rate swaps	$	150,000	October 15, 2015	March 15, 2021	$	(62	)	$	2,720
Interest rate swaps	150,000		March 31, 2017	July 21, 2023	1,825			7,918
Interest rate swaps	100,000		June 29, 2018	July 21, 2023	(3,664		)	(799		)
Interest rate swaps	200,000		April 1, 2020	April 1, 2030	3,724			—
	$	600,000			$	1,823		$	9,839

We record interest rate swaps on our consolidated balance sheets with prepaid expenses and other assets when in a net asset position, and with accounts payable and other liabilities when in a net liability position. The interest rate swaps have been effective since inception. The gains or losses on the effective swaps are recognized in other comprehensive income, as follows (in thousands):

	Year Ending December 31,
	2019			2018		2017
Unrealized (loss) gain on interest rate hedges	$	(8,016	)	$	420	$	1,808