Interest Rate Derivatives (Tables)

6 Months Ended

Jun. 30, 2020

Interest Rate Derivatives [Abstract]

Summary of Partnership's Interest Rate Derivatives

The following tables summarize the Partnership’s interest rate derivatives as of June 30, 2020 and December 31, 2019:

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate ⁽¹⁾			Index	Variable Debt Financing Facility Hedged ⁽¹⁾	Counterparty	Fair Value as of June 30, 2020
July 2015		26,863,410	Aug 2020		3.0	%	SIFMA	TOB Trusts	Wells Fargo Bank	$	-
July 2015		26,863,410	Aug 2020		3.0	%	SIFMA	TOB Trusts	Royal Bank of Canada		-
July 2015		26,863,410	Aug 2020		3.0	%	SIFMA	TOB Trusts	SMBC Capital Markets, Inc		-
June 2017		80,590,229	Aug 2020		1.5	%	SIFMA	TOB Trusts	Barclays Bank PLC		-
Sept 2017		57,628,000	Sept 2020		4.0	%	SIFMA	TOB Trusts	Barclays Bank PLC		-
Aug 2019		78,691,104	Aug 2024		4.5	%	SIFMA	M31 TEBS	Barclays Bank PLC		29,826
										$	29,826

⁽¹⁾	See Note 23 for additional details.

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate ⁽²⁾			Index	Variable Debt Financing Facility Hedged ⁽²⁾	Counterparty	Fair Value as of December 31, 2019
July 2015		27,033,788	Aug 2020		3.0	%	SIFMA	TOB Trusts	Wells Fargo Bank	$	-
July 2015		27,033,788	Aug 2020		3.0	%	SIFMA	TOB Trusts	Royal Bank of Canada		-
July 2015		27,033,788	Aug 2020		3.0	%	SIFMA	TOB Trusts	SMBC Capital Markets, Inc		-
June 2017		81,101,364	Aug 2020		1.5	%	SIFMA	TOB Trusts	Barclays Bank PLC		4,090
Sept 2017		58,090,000	Sept 2020		4.0	%	SIFMA	TOB Trusts	Barclays Bank PLC		-
Aug 2019		79,333,280	Aug 2024		4.5	%	SIFMA	M31 TEBS	Barclays Bank PLC		6,821
										$	10,911

⁽²⁾	See Note 23 for additional details.

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details