The following interest rate swaps have been designated as cash flow hedges (in thousands):



			Notional value at				Fair value at
Hedge type	Interest rate	Maturity	March 31, 2019		December 31, 2018		March 31, 2019			December 31, 2018
Swap-cash flow	2.02%	March 2019	$	—	$	125,000	$	—		$	148
Swap-cash flow	1.94%	March 2019	—		100,000		—			136
Swap-cash flow	1.27%	March 2019	—		125,000		—			447
Swap-cash flow	1.96%	March 2019	—		100,000		—			153
Swap-cash flow	1.85%	March 2019	—		50,000		—			93
Swap-cash flow	1.81%	March 2019	—		50,000		—			99
Swap-cash flow	1.74%	March 2019	—		25,000		—			54
Swap-cash flow (1)	1.80%	September 2020	—		30,855		—			370
Swap-cash flow (1)	1.80%	September 2020	—		76,670		—			919
Swap-cash flow (1)	1.80%	September 2020	—		32,725		—			392
Swap-cash flow (1)	1.81%	October 2020	—		143,000		—			1,808
Swap-cash flow	1.15%	April 2021	100,000		100,000		2,322			3,072
Swap-cash flow	1.20%	April 2021	100,000		100,000		2,215			2,955
Swap-cash flow	2.15%	April 2021	75,000		75,000		147			539
Swap-cash flow	1.91%	April 2021	75,000		75,000		534			967
Swap-cash flow	1.61%	June 2021	50,000		50,000		707			1,057
Swap-cash flow	1.56%	June 2021	50,000		50,000		772			1,129
Swap-cash flow	1.71%	June 2021	50,000		50,000		595			934
Swap-cash flow	2.29%	December 2022	200,000		200,000		(970		)	938
Swap-cash flow	2.29%	December 2022	125,000		125,000		(588		)	607
Swap-cash flow	2.38%	December 2022	200,000		200,000		(1,656		)	259
Swap-cash flow	2.38%	December 2022	100,000		100,000		(820		)	139
Swap-cash flow (2)	2.75%	November 2023	100,000		100,000		(1,920		)	(1,020		)
Swap-cash flow (3)	2.51%	December 2023	75,000		—		(891		)	—
Swap-cash flow (3)	2.39%	December 2023	75,000		—		(638		)	—
			$	1,375,000	$	2,083,250	$	(191	)	$	16,195

(1)

During the three months ended March 31, 2019, the Company discontinued accounting for these interest rate swaps as cash flow hedges because the hedged forecasted transactions were no longer probable of occurring as a result of debt paydowns in March and April 2019. Therefore, the Company reclassified approximately $2.3 million of the unrealized gains included in accumulated other comprehensive income to interest expense in the consolidated statements of operations and comprehensive income.


(2)	Effective in November 2020.


(3)	Effective in January 2021.