Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table presents the Company's outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk at June 30, 2019 and December 31, 2018:

	Interest Rate Derivative	Number of Instruments	Notional Amount		Maturity Dates
June 30, 2019	Interest rate caps	2	$	54,145,000	August 1, 2020 and April 1, 2021
December 31, 2018	Interest rate caps	2	$	54,145,000	August 1, 2020 and April 1, 2021

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets at June 30, 2019 and December 31, 2018:

Asset Derivatives				Liability Derivatives
June 30, 2019		December 31, 2018		June 30, 2019		December 31, 2018
Balance Sheet	Fair Value	Balance Sheet	Fair Value	Balance Sheet	Fair Value	Balance Sheet	Fair Value
Prepaid expenses and other assets	$199	Prepaid expenses and other assets	$2,293	—	$                    —	—	$                    —