Derivatives and Hedging (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of interest rate swaps and caps

As of March 31, 2016 and December 31, 2015, the Company had entered into the following interest rate swaps (in thousands): 

	Notional value at						Fair value at
Hedge type	March 31, 2016		December 31, 2015		Interest rate	Maturity	March 31, 2016			December 31, 2015
Swap-cash flow	$	275,000	$	275,000	1.12%	November 2017	$	(2,277	)	$	(1,014	)
Swap-cash flow	175,000		175,000		1.56%	March 2018	(3,158		)	(2,190		)
Swap-cash flow	175,000		175,000		1.64%	March 2018	(3,416		)	(2,478		)
Swap-cash flow	16,335		16,418		1.83%	September 2018	(449		)	(312		)
Swap-cash flow	16,335		16,418		1.75%	September 2018	(418		)	(279		)
Swap-cash flow	40,095		40,298		1.83%	September 2018	(1,101		)	(765		)
Swap-cash flow	41,085		41,292		1.75%	September 2018	(1,052		)	(701		)
Swap-cash flow	17,820		17,910		1.83%	September 2018	(489		)	(340		)
Swap-cash flow	16,830		16,915		1.75%	September 2018	(431		)	(287		)
Swap-cash flow	125,000		125,000		2.02%	March 2019	(4,650		)	(3,186		)
Swap-cash flow	100,000		100,000		1.94%	March 2019	(3,496		)	(2,308		)
Swap-cash flow	125,000		125,000		1.27%	March 2019	(1,828		)	(115		)
Swap-cash flow (1)	100,000		100,000		1.96%	March 2019	(1,282		)	(321		)
Swap-cash flow (1)	50,000		50,000		1.85%	March 2019	(567		)	(87		)
Swap-cash flow (1)	50,000		50,000		1.81%	March 2019	(541		)	(62		)
Swap-cash flow (1)	25,000		25,000		1.74%	March 2019	(249		)	(9		)
Swap-cash flow (2)	33,000		33,000		1.80%	September 2020	(318		)	98
Swap-cash flow (2)	82,000		82,000		1.80%	September 2020	(789		)	245
Swap-cash flow (2)	35,000		35,000		1.80%	September 2020	(337		)	104
Swap-cash flow	143,000		143,000		1.81%	October 2020	(5,503		)	(2,196		)
Swap-cash flow	50,000		50,000		1.61%	June 2021	(1,465		)	(97		)
Swap-cash flow	50,000		50,000		1.56%	June 2021	(1,313		)	59
Swap-cash flow	50,000		50,000		1.71%	June 2021	(1,721		)	(361		)
	$	1,791,500	$	1,792,251			$	(36,850	)	$	(16,602	)

(1) Effective between the maturity of the existing swap in November 2017 and the maturity of the debt in March 2019.

(2) Effective between the maturity of the existing swaps in September 2018 and September 2020.