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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of summary of outstanding interest rate swap contracts
The following table summarizes the Company’s outstanding interest rate swap contracts as of June 30, 2017: 
Hedged Debt Instrument
 
Effective Date
 
Maturity Date
 
Pay Fixed Rate
 
Receive Floating
Rate Index
 
Current Notional
Amount
 
Fair Value
Cullen Oaks mortgage loan
 
Feb 18, 2014
 
Feb 15, 2021
 
2.2750%
 
LIBOR - 1 month
 
$
13,960

 
$
(262
)
Cullen Oaks mortgage loan
 
Feb 18, 2014
 
Feb 15, 2021
 
2.2750%
 
LIBOR - 1 month
 
14,104

 
(264
)
Park Point mortgage loan
 
Nov 1, 2013
 
Oct 5, 2018
 
1.5450%
 
LIBOR - 1 month
 
70,000

 
(121
)
 
 
 
 
 
 
 
 
Total
 
$
98,064

 
$
(647
)
Schedule of fair value of derivative financial instruments and classification on consolidated balance sheet
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of June 30, 2017 and December 31, 2016:
 
 
Liability Derivatives
 
 
 
 
Fair Value as of
Description
 
Balance Sheet
Location
 
June 30, 2017
 
December 31, 2016
Interest rate swaps contracts
 
Other liabilities
 
$
647

 
$
1,099

Total derivatives designated
  as hedging instruments
 
 
 
$
647

 
$
1,099