Mortgage Loans Payable And Credit Facility (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Summary Of The Derivative Financial Instruments Held

The following is a summary of the derivative financial instruments held by the Company at March 31, 2017 and December 31, 2016:

March 31, 2017
Designation/				Notional		Fair		Maturity	Balance sheet
Cash flow	Derivative	Count		value		value		dates	location
Qualifying	Interest rate swaps		3	$	200,000,000	$	3,668,000	2020 - 2023	Other assets and deferred charges, net
Qualifying	Interest rate swaps		2	$	150,000,000	$	1,619,000	2019 - 2021	Accounts payable and accrued liabilities
December 31, 2016
Designation/				Notional		Fair		Maturity	Balance sheet
Cash flow	Derivative	Count		value		value		dates	location
Qualifying	Interest rate swaps		3	$	200,000,000	$	3,074,000	2020 - 2023	Other assets and deferred charges, net
Qualifying	Interest rate swaps		2	$	150,000,000	$	2,321,000	2019 - 2021	Accounts payable and accrued liabilities

Effect Of The Derivative Financial Instruments On The Consolidated Statements Of Operations And Consolidated Statements Of Equity

The following presents the effect of the Company’s derivative financial instruments on the consolidated statements of operations and the consolidated statements of equity for the three months ended March 31, 2017 and 2016, respectively:

		Gain (loss) recognized in other
		comprehensive income
		(effective portion)
Designation/		Three months ended March 31,
Cash flow	Derivative	2017			2016
Qualifying	Interest rate swaps	$	474,000		$	(5,892,000	)
		(Loss) recognized in other
		comprehensive income
		reclassified into earnings (effective portion)
		Three months ended March 31,
	Classification	2017			2016
	Continuing Operations	$	(866,000	)	$	(922,000	)