Interest Rate Derivative Agreements (Tables)

6 Months Ended

Jun. 30, 2018

Interest Rate Derivative Agreements [Abstract]

Summary of Interest Rate Derivatives, Excluding Interest Rate Swaps

The following represents the interest rate derivatives, excluding interest rate swaps, at June 30, 2018 and December 31, 2017:

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate (1)			Index	Variable Debt Financing Facility Hedged (1)	Counterparty	Fair Value as of June 30, 2018
July 2014	$	30,462,845	Aug 2019		3.0	%	SIFMA	M31 TEBS	Barclays Bank PLC	$	30
July 2014		30,462,845	Aug 2019		3.0	%	SIFMA	M31 TEBS	Royal Bank of Canada		30
July 2014		30,462,845	Aug 2019		3.0	%	SIFMA	M31 TEBS	SMBC Capital Markets, Inc		30
July 2015		27,515,500	Aug 2020		3.0	%	SIFMA	M33 TEBS	Wells Fargo Bank		6,004
July 2015		27,515,500	Aug 2020		3.0	%	SIFMA	M33 TEBS	Royal Bank of Canada		6,004
July 2015		27,515,500	Aug 2020		3.0	%	SIFMA	M33 TEBS	SMBC Capital Markets, Inc		6,004
June 2017		91,388,535	Aug 2019		1.5	%	SIFMA	M31 TEBS	Barclays Bank PLC		252,431
June 2017		82,546,501	Aug 2020		1.5	%	SIFMA	M33 TEBS	Barclays Bank PLC		755,358
Sept 2017		59,530,000	Sept 2020		4.0	%	SIFMA	M24 TEBS	Barclays Bank PLC		1,085
										$	1,026,976

⁽¹⁾ For additional details, see Note 21 to the Partnership's condensed consolidated financial statements.

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate (1)			Index	Variable Debt Financing Facility Hedged (2)	Counterparty	Fair Value as of December 31, 2017
July 2014	$	30,652,294	Aug 2019		3.0	%	SIFMA	M31 TEBS	Barclays Bank PLC	$	169
July 2014		30,652,294	Aug 2019		3.0	%	SIFMA	M31 TEBS	Royal Bank of Canada		169
July 2014		30,652,294	Aug 2019		3.0	%	SIFMA	M31 TEBS	SMBC Capital Markets, Inc		169
July 2015		27,666,739	Aug 2020		3.0	%	SIFMA	M33 TEBS	Wells Fargo Bank		3,213
July 2015		27,666,739	Aug 2020		3.0	%	SIFMA	M33 TEBS	Royal Bank of Canada		3,213
July 2015		27,666,739	Aug 2020		3.0	%	SIFMA	M33 TEBS	SMBC Capital Markets, Inc		3,213
June 2017		91,956,883	Aug 2019		1.5	%	SIFMA	M31 TEBS	Barclays Bank PLC		160,174
June 2017		83,000,217	Aug 2020		1.5	%	SIFMA	M33 TEBS	Barclays Bank PLC		425,978
Sept 2017		59,935,000	Sept 2020		4.0	%	SIFMA	M24 TEBS	Barclays Bank PLC		923
										$	597,221

⁽²⁾ For additional details, see Note 21 to the Partnership's condensed consolidated financial statements.

Summary of Terms of Interest Rate Swaps

The following table summarizes the terms of the interest rate swaps at June 30, 2018 and December 31, 2017:

Purchase Date	Notional Amount		Effective Date	Termination Date	Fixed Rate Paid			Period End Variable Rate Received			Variable Rate & Index	Counterparty	June 30, 2018 - Fair Value of Liability
Sept 2014	$	22,741,097	Oct 2016	Oct 2021		1.96	%		1.46	%	70% 30-day LIBOR	Deutsche Bank	$	(36,986	)
Sept 2014		17,993,528	April 2017	April 2022		2.06	%		1.46	%	70% 30-day LIBOR	Deutsche Bank		(92,032	)
													$	(129,018	)

Purchase Date	Notional Amount		Effective Date	Termination Date	Fixed Rate Paid			Period End Variable Rate Received			Variable Rate & Index	Counterparty	December 31, 2017 - Fair Value of Liability
Sept 2014	$	22,821,429	Oct 2016	Oct 2021		1.96	%		1.08	%	70% 30-day LIBOR	Deutsche Bank	$	(402,261	)
Sept 2014		18,051,775	April 2017	April 2022		2.06	%		1.08	%	70% 30-day LIBOR	Deutsche Bank		(424,591	)
													$	(826,852	)